Business Wire - York Dispatch

AP Business Wire

Oil falls below $94 on weak outlook for demand

NEW YORK—The price of oil was knocked below $94 a barrel Friday by a combination of ample supplies and lukewarm demand. Full Story

At a glance: Memorial Day gasoline prices

The average price of a gallon of gasoline is about the same as it was last year at this time, and could be slightly cheaper by Monday. Full Story

China gives US regulators access to audit records

WASHINGTON—China has agreed to give U.S. regulators access to audit records for Chinese companies whose shares trade on U. Full Story

Slovenia adopts debt cap to stave off crisis

LJUBLJANA, Slovenia—Slovenia's parliament on Friday adopted a cap on public spending to try to convince foreign investors that the small eurozone country will not need an international bailout. Full Story

Some unions now angry about health care overhaul

WASHINGTON—When President Barack Obama pushed his health care overhaul plan through Congress, he counted labor unions among his strongest supporters. Full Story

US durable goods orders rise 3.3 percent in April

(AP Photo/Damian Dovarganes)

WASHINGTON—U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. Full Story

Procter & Gamble brings back A.G. Lafley as CEO

(AP Photo/Al Behrman, File)

NEW YORK—Household products giant Procter & Gamble Co. is hoping its former CEO can work his magic once again. Full Story

France won't force companies to cap executive pay

PARIS—The French government is trying to woo executives and entrepreneurs, amid concerns that it has antagonized the businesses needed to reinvigorate the economy. Full Story

Summer travel forecast: Better, but no blowout

(AP Photo/Mike Groll, File)

NEW YORK—The forecast for summer travel, 2013: Partly sunny. Airlines, hotels and campgrounds are commanding higher rates and seeing more customers than a few summers ago, and luxury hotels are selling out. Full Story

Japan's PM Abe defends policies as markets settle

TOKYO—Japan's top leaders are defending the economic strategies championed by Prime Minister Shinzo Abe, though the central bank chief acknowledged a need for better communication with financial markets, a day after Tokyo shares suffered their worst loss since the 2011 tsunami disaster. Full Story

German business confidence unexpectedly rebounds

BERLIN—German business confidence rebounded this month in an unexpectedly strong showing that sends a hopeful signal for more robust growth in Europe's biggest economy, a closely watched survey found Friday. Full Story

Japan's PM Abe defends policies as markets settle

(AP Photo/Itsuo Inouye)

Procter & Gamble brings back A.G. Lafley as CEO

NEW YORK—Household products giant Procter & Gamble Co. is hoping its former CEO can work his magic once again. Full Story

Average US mortgage rates rise for 3rd week

Average U.S. mortgage rates rose for the third straight week, hitting their highest levels since mid-March, but still remained close to record lows. Full Story

6 tips on managing your 401(k) plan effectively

The run-up in stock prices this year could tempt even the most hands-off investor to wade into their 401(k) and make some changes. Full Story

Procter & Gamble brings back A.G. Lafley as CEO

NEW YORK—Procter & Gamble Co. is bringing back its former CEO, as the world's largest consumer-products maker tries to spur global growth. Full Story

Money market fund assets rose to $2.601 trillion

NEW YORK—Total U.S. money market mutual fund assets rose $19.53 billion to $2.601 trillion for the week that ended Wednesday, according to the Investment Company Institute. Full Story

Summary Box: Stocks recover from an early swoon

UPS AND DOWNS: Stocks plunged at the opening of trading but recovered by midday. A rout overseas and in the early going on Wall Street was set off by a slowdown in China and worries that the Federal Reserve might slow down its bond purchases. Full Story

How the Dow Jones industrial average fared

Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower. Full Story

Merck ends development of Parkinson's disease drug

WHITEHOUSE STATION, N.J.—Merck & Co. says it is ending development of an experimental Parkinson's disease drug because the drug wasn't working. Full Story