An Energy Department announcement that it would temporarily suspend a program to fill the nation’s strategic oil stocks failed to break the rally in oil prices, which hit another record Friday.
The move is a bold one, given that the fiercely competitive toy market has previously plunged F. A. O. Schwarz into bankruptcy and forced Macy’s to largely stop carrying toys.
Wall Street pulled off its lows to finished narrowly mixed Friday as investors squared concerns about rising oil prices with a surprise jump in home construction.
The 51-year-old reactor had been temporarily closed by Canada’s nuclear regulator in November for safety reasons, but two troubled replacement units could not be completed.
The mission of the Horse Institute in Ancramdale, N.Y. is to give managers a chance to improve a variety of skills by observing and performing exercises with horses.
The central banks of Sweden, Denmark and Norway have lent Iceland emergency credit of up to $2.3 billion to shore up its swooning currency and forestall a broader economic collapse.
Shareholders of CryoCor, the maker of a device that freezes heart muscle to correct abnormal rhythms, sued the company to block its acquisition by Boston Scientific.
General Electric confirmed that it planned to sell or spin off the appliance business that for a century has put refrigerators, washing machines and dishwashers in American homes.
The Chicago Mercantile Exchange marked a milestone in its 110-year history as the last floor traders wrapped up business at the building that has served as the Merc’s home since 1983.
Richard D. Parsons, left, Time Warner’s chairman, said he was likely to step down in the next year, clearing the path for the chief executive, Jeffrey L. Bewkes, to assume the role.
Parmalat, the Italian dairy, had 6.5 million euros ($10 million) in cash left six days after filing for bankruptcy in 2003, rather than the 4 billion euros it claimed to have.
Citigroup may sell Citibank Privatkunden, its consumer-banking unit in Germany, as part of a plan to replenish capital, the unit, based in Düsseldorf, said.
The F.A.A. maintains some of American Airlines’ aircrafts displayed signs of chafing at some components, while the airlines maintains there were never any security problems.
An explosion that destroyed 20 fireworks warehouses in China three months ago will probably mean dimmer night skies on the Fourth of July in the United States.