Oil dives on soaring dollar after US jobs report

Oil dives on soaring dollar after US jobs report

AFP West Texas Intermediate for delivery in April slid $1.15 to $49.61 on the New York Mercantile Exchange, ending near its week-ago level. Brent North Sea crude for April, the international benchmark, dropped 75 cents to $59.73 a barrel in London. "The strong job report was a negative for oil, and the reason for that is the dollar index has been on fire ever since this number came up this morni…

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Company Finances

  • Court: Chinese tire maker can be sued in Iowa over explosion Associated Press - 7 minutes ago

    One of China's largest tire manufacturers can be sued in Iowa for injuries that a teenager suffered when a tire explored at his father's repair shop, the Iowa Supreme Court ruled Friday. The court rejected ...

  • Legal opinion allows sales of beer 12-packs by distributors Associated Press - 32 minutes ago

    Pennsylvania's beer distributors received the go-ahead Friday to sell brew by the 12-pack. In an advisory opinion, lawyers for the Pennsylvania Liquor Control Board said distributors may sell 12-packs ...

  • Illinois oil train derailment involved safer tank cars Associated Press - 33 minutes ago
    Illinois oil train derailment involved safer tank cars

    The rail cars that split open and burst into flames during a western Illinois oil train derailment this week had been retrofitted with protective shields to meet a higher safety standard than federal law ...

  • US consumers increased January borrowing by $11.6 billion Associated Press - 1 hour 3 minutes ago
    US consumers increased January borrowing by $11.6 billion

    Consumers increased their borrowing in January at the slowest pace in more than a year with borrowing on credit cards actually declining for the second time in the last three months. The Federal Reserve ...

  • US consumers increased their borrowing by $11.6 billion Associated Press - 1 hour 30 minutes ago
    US consumers increased their borrowing by $11.6 billion

    Consumers increased their borrowing in January at the slowest pace in more than a year with borrowing on credit cards actually declining for the second time in the last three months. The Federal Reserve ...

  • Midday Glance: Food companies Associated Press - 3 hours ago

    Shares of some top food companies are mixed at 1 p.m.: ConAgra Foods Inc. fell $.62 or 1.8 percent, to $34.24. General Mills Inc. fell $1.26 or 2.4 percent, to $52.02. Hormel Foods Corp. fell $1.13 or ...

  • Middday Glance: Tools and Appliances companies Associated Press - 3 hours ago

    Shares of some top tools and appliances companies are down at 1 p.m.: General Electric Co. fell $.26 or 1.0 percent, to $25.56. Snap-On fell $1.64 or 1.1 percent, to $145.70. Stanley Works fell $1.35 or ...

  • Midday Glance: Consumer companies Associated Press - 3 hours ago

    Shares of some top consumer companies are down at 1 p.m.: Clorox fell $1.32 or 1.2 percent, to $108.84. Colgate-Palmolive Co. fell $1.89 or 2.6 percent, to $69.57. Kimberly-Clark Corp. fell $1.40 or 1.3 ...

  • Midday Glance: Beverages companies Associated Press - 3 hours ago

    Shares of some top beverages companies are down at 1 p.m.: Anheuser-Busch Inbev ADR fell $2.40 or 1.9 percent, to $125.29. Coca-Cola Co. fell $.81 or 1.9 percent, to $41.59. Dr Pepper Snapple fell $.38 ...

  • Midday Glance: Autos companies Associated Press - 3 hours ago

    Shares of some top autos companies are mixed at 1 p.m.: Ford Motor Co. fell $.09 or .6 percent, to $16.02. General Motors Co. fell $.63 or 1.7 percent, to $36.98. Honda Motor Co. rose $.24 or .7 percent, ...