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Wholesale prices rise due to costlier gas and food
Companies paid more for raw materials and factory goods in April, mostly because energy prices jumped for the seventh straight month.The Producer Price Index, which measures price changes before they reach the consumer, rose 0.8 percent last month, the Labor Department said. That's slightly above the 0.7 percent gain in March. Excluding the volatile food and energy categories, the core index increased
Companies paid more for raw materials and factory goods in April, mostly because energy prices jumped for the seventh straight month.The Producer Price Index, which measures price changes before they reach the consumer, rose 0.8 percent last month, the Labor Department said. That's slightly above the 0.7 percent gain in March. Excluding the volatile food and energy categories, the core index increased
Oil tumbles as unemployment claims rise
Oil is tumbling more than 3 percent after the government reported a jump in applications for unemployment benefits.
Oil is tumbling more than 3 percent after the government reported a jump in applications for unemployment benefits.
Oil prices tumble as Libya declares cease-fire
Oil prices are tumbling after Libya's foreign minister declared a cease-fire and said the government would stop military operations.
Oil prices are tumbling after Libya's foreign minister declared a cease-fire and said the government would stop military operations.
Kimberly-Clark to raise some prices in N. America
Kimberly-Clark Corp. is raising prices for products including diapers and bathroom tissue as the maker of Huggies diapers and Cottonelle tissue tries to deal with increasing costs for raw materials.
Kimberly-Clark Corp. is raising prices for products including diapers and bathroom tissue as the maker of Huggies diapers and Cottonelle tissue tries to deal with increasing costs for raw materials.
Oil prices climb as Iran tensions escalate
Oil prices are climbing again as demonstrations in Iran add to concerns that anti-government movements will keep pressure on the oil-rich Middle East for months to come.
Oil prices are climbing again as demonstrations in Iran add to concerns that anti-government movements will keep pressure on the oil-rich Middle East for months to come.
Oil falls below $82 as US crude supplies rise
$82 a barrel Wednesday as the dollar strengthened and a report showed a surge in U.S. crude supplies undermined optimism that demand is improving.
$82 a barrel Wednesday as the dollar strengthened and a report showed a surge in U.S. crude supplies undermined optimism that demand is improving.
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