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Energy firms should face a European Union legal inquiry for failing to pass on price cuts the Government's consumer watchdog has demanded.
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Consumer confidence rose in December due to declining prices, although job losses and falling income continued to weigh on sentiment, a survey showed on Tuesday.
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In belt-tightening times, the cost of enjoying the arts in New York might seem particularly daunting. Here’s how to get the most for your cultural dollar.
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Oct. 14: Falling gas prices in some states are a silver lining to the economic slump. NBC's Kevin Tibbles reports. (Today Show)
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Groundnut oil spot prices are expected to stay lower over the next few days on reports of good crop prospects in Gujarat , the largest producer of groundnut in the country.
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The volume of home sales is expected to climb 12.5% next year, even as doubts linger about the nation's financial markets. Home prices across the state will continue to drop next year, even as sales, spurred by the low prices on foreclosed properties, will keep rising in 2009, according to a California Assn. of Realtors forecast slated to be released today.
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It's putting more money into consumers' pockets, but it's another sign that the global economy is headed for a serious slump
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It might not prompt Americans to spend, but the drop in oil prices -- now below $70 a barrel -- could help many stay afloat. Oil prices coughed up all of their 2008 gains and then some Thursday, stopping only after crashing below the $70-a-barrel barrier, a level not seen since the summer of 2007.
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The world's economic woes could bring about lower prices for on-demand software, but SaaS vendors said they're generally well positioned to weather the downturn.
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Financial markets are tanking, pensions are disappearing and a recession is said to be looming, but there is a silver lining -- gas prices are dropping across Canada.
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The company posted a 74 percent increase in third-quarter profit as higher steel prices offset lower shipments. But it said it expects prices to be down about 10 percent in the fourth quarter.
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A steep drop in oil prices has the Newfoundland and Labrador offshore oil and gas industry still confident in future projects, but keeping a wary eye on financial markets.
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SUNY Binghamton has seen a roughly 50 percent increase in applications so far this fall, largely due to its price tag, which is well below most competitive private colleges.
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The world might not be able to get enough oil out of the ground.
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In tough economic times, having a satisfying meal out is a pleasure that many people forgo, but it need not be so.
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The sliding price of crude oil brought the Toronto stock market to a lower finish on Monday in what was otherwise a quiet trading session ahead of the U.S. elections.
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UK output prices declined at the fastest pace since comparable records began in 1986, largely on lower petroleum product prices.
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The worried question around Washington is: to what degree lower prices will crimp investment in renewables and efficiency, writes Daniel Yergin
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UK housebuilders are increasing sales enticements as they scramble for cash to finance debt and capitalise on advertisements in an effort to boost house sales
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Money Talks is a daily business column from CBC radio. By Michael Hlinka, CBC business columnist. Business Columnist Michael Hlinka has been seeing the price of gasoline fall lately, and he wonders whether this by its lonesome self won’t be enough to take the Canadian economy out of recession.
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Newfoundland and Labrador has just become a have province when it comes to equalization payments, but Premier Danny Williams warned Thursday that dropping oil prices could send the province into a deficit again.
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A record decline in oil prices helped to push the country's trade deficit down to the lowest level in nearly a year even though the deficit with China shot to an all-time high.
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Motorists’ gas bills are down but instead of spending the money, they are putting it in the bank and paying debt.
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American consumers hit by a seemingly endless stream of bad news, from vanishing jobs to shrinking retirement accounts, may be in for a small dose of relief: lower prices at stores.
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With energy price showing a substantial decrease, consumer prices fell by a little more than expected in the month of October, according to a report released by the Labor Department on Wednesday. The report also showed an unexpected decrease in core prices. The report showed that the consumer price index fell 1.0 percent in October after coming in unchanged in September.
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ANCHORAGE, Alaska (Reuters) - Falling oil prices will take a bite out of Alaska's state budget and put a damper on oil-field investment, Gov. Sarah Palin told a conference of major North Slope oil operators on Wednesda.
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Last-minute travelers are expected to make the travel season busy this holiday, authorities say.
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The number of homes being sold in the Greater Vancouver area is continuing to fall dramatically, taking the price of real estate down with them, and that's creating a buying opportunity for those who can afford it.
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NEW YORK -- Gold prices rose modestly Tuesday, buoyed by an advance on Wall Street and a weakening dollar.
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E.ON has signalled its intention to reduce prices early next year if wholesale costs continue to fall.
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Prices of basic commodities in Lebanon have either remained the same or rose slightly in the past two months despite a drastic drop in these items from the countries of origin, the head of Consumer Lebanon said on Thursday. "Our
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A total of 1.7 million pensioners are currently relying on the value of their homes to help them through retirement, recent research has shown, hinting that a wave of selling may take place as pensioners seek to cash in the
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Late-night revels are an enduring trait of New York’s identity, and they last all year, especially through the holiday rush, and even in a recession.
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Banks are fuelling a drop in house prices by selling repossessed properties at knockdown prices estate agents have claimed.
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Oil prices dipped to near $42 a barrel Tuesday amid new reports the anemic global economy will lead to an even sharper falloff in energy consumption through 2009.
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The government has further lowered its projections for winter heating costs because of the dramatic drop in crude oil prices.
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UK and global hotel prices fall for the first time in four years as hoteliers try to entice cash strapped holiday makers.
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Canada-based oil and gas company EnCana Corp. on Thursday slashed its capital budget for 2009 from the preceding year due to falling commodity prices and the economic uncertainty. The company also lowered its 2008 cash flow outlook to reflect the dramatically lower Chicago crack spreads and WTI oil prices experienced in the fourth quarter. According to the company, the combination of the two reduced realized margins and inventory values in downstream operations by about $300 million.
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Analysts say the investment cutbacks may set the stage for another rapid spike in oil prices once the global economy recovers.
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It’s worth considering what may be the one silver lining in the incredibly bad run of recent economic news: The cost of living is falling.
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With lobster prices scraping bottom, this year's holiday season has proven to be a difficult time for many fishing communities throughout Nova Scotia.