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Oil near 2012 low, closes at $91.66
Oil prices dropped near their lows for the year following warnings of a "severe recession" in Europe and an apparent easing of tensions over Iran's nuclear program. Benchmark U.S. crude on Tuesday lost 91 cents to end the day at $91.66 per barrel in New York while Brent crude fell ...
Stocks end mixed after Greek worries resurface
Stocks are closing mixed after news out of Greece yanked indexes lower shortly before the closing bell. The Dow Jones industrial average dropped 2 points Tuesday to close at 12,503. Markets were higher for most of the day after the National Association of Realtors said Americans bought more houses in ...
Mich. teen shot by grandmother had drug conviction
Police were still trying to determine what prompted a 74-year-old Michigan woman to shoot her 17-year-old grandson, as dozens of his classmates and relatives gathered Tuesday for the boy's funeral Police say Jonathan Hoffman was shot at least five times with a .40-caliber handgun in the suburban Detroit condo he ...
2 charged in killing of 2 USC students from China
Two men were charged Tuesday with murder in the shooting of two University of Southern California graduate students from China — a crime that sent shockwaves through the university community. Bryan Barnes, 20, and Javier Bolden, 19, also were charged with attempted murder in unrelated shootings at parties in South ...
New ad zapper has TV networks worried about sales
The maker of a new DVR that lets consumers zap away broadcast TV commercials at the touch of a button suggested Tuesday that the networks are being short-sighted in opposing the technology. The Dish Network, which has offered its new Auto Hop feature on new digital video recorders since March, ...
Biden keeps up criticism of Romney's business past
The presidential campaign debate over Republican Mitt Romney's tenure at a private equity firm is going down the drain. Vice President Joe Biden argued Tuesday that Romney's experience doesn't make him any more qualified to be president than it does to make him a plumber. "That doesn't mean that private ...
THE RACE: Polls show presidential race tightening
With about five months to go, the presidential race is tightening, polls show, with voters nearly evenly divided between President Barack Obama and Mitt Romney, his likely Republican challenger. Obama and Romney are locked in a dead heat over handling the economy, the top concern of voters, a new Washington ...
Powell not ready to endorse Obama for re-election
Former Secretary of State Colin Powell declined Tuesday to renew the presidential endorsement he gave Barack Obama four years ago, saying he wasn't ready "to throw my weight behind someone" at this time. The former chairman of the military's Joint Chiefs of Staff and Cabinet member under President George W. ...
Aereo wins partial victory in broadcasters' suit
Aereo, a startup that takes live TV broadcasts and sends them to mobile devices in New York for a monthly fee, has won a partial victory in court over the media companies that are suing it. U.S. District Court Judge Alison Nathan in New York dismissed one of three claims ...
Warriors unveil plans to move to San Francisco
Sitting on the shore and staring at one of the world's most majestic metropolitan views, Joe Lacob leaned over to hear fellow Golden State Warriors co-owner Peter Guber whisper in his ear. "Man," Guber said, "we got to do this." And with that, the franchise's new vision started to come ...
NFL passes new pad rules for players
The NFL made thigh and knee pads mandatory equipment for the 2013 season, something the players' union was not pleased with. Atlanta Falcons president Rich McKay, chairman of the competition committee, said Tuesday at an owners meeting that because this is a playing rule, the league can apply it unilaterally. ...
Commercial spacecraft speeds toward space station
Opening a new, entrepreneurial era in spaceflight, a ship built by a billionaire businessman sped toward the International Space Station with a load of groceries and other supplies Tuesday after a spectacular, middle-of-the-night blastoff. The launch of the Falcon 9 rocket and its unmanned Dragon capsule marked the first time ...
Calif. worries Facebook could lead to stock slump
California's budget could take a hit if Facebook's stock price keeps sliding. Gov. Jerry Brown estimated the state will generate between $1.4 billion and $1.9 billion over the next 13 months from taxes related to sales of Facebook stock. The estimates were based on prices at $35 per share. Facebook ...
Independent groups launch dueling campaign ads
An independent group seeking to oust President Barack Obama launched a new TV ad Tuesday suggesting Obama had let down the voters who vaulted him into the White House in 2008. A pro-Obama group answered with an ad slamming Republican Mitt Romney, featuring a woman who lost her job at ...
Silicon Valley tech exec accused of Lego thefts
A Silicon Valley tech executive faces charges after authorities say he put fake bar codes on hundreds of Lego sets at various Target stores so he could buy the toys at steeply discounted prices, then sell them online for thousands of dollars in profits. Thomas Langenbach, 47, was scheduled to ...
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