Italy’s Piaggio unveils world’s first hybrid scooter
Oil falls near $62 in midday European trade amid worries over slower-than-expected recoveryVIENNA — Oil prices slipped closer to the $62 a barrel mark Wednesday reflecting growing concerns over a slower-than-expected recovery in the global economy. Oil falls below $64 in Asia, extending 13 pct tumble in past week amid sluggish global economySINGAPORE — Oil prices fell below $64 a barrel Tuesday in Asia extending a 13 percent drop over the last week on investor doubts about a global economic recovery. Children found in locked tool shed behind unlicensed Texas daycare center, authorities saySEALY, Texas — A Texas couple were arrested after a state inspector found several children locked in a tool shed behind an unlicensed daycare center. Oil rises above $71 on militant attack on Nigerian wellhead, dollar weaknessOil prices rose above $71 a barrel Friday as renewed attacks on oil facilities in Nigeria raised supply concerns and as the dollar slipped further against the euro, drawing investors into commodities. Honduras lurches toward constitutional crisis pitting president against military, courtsTEGUCIGALPA, Honduras — With backing from Fidel Castro and Hugo Chavez, Honduras’ leftist president pushed ahead Friday with a referendum on revamping the constitution, risking his rule in a standoff against Congress, the Supreme Court and the military. Metals, energy futures move higher amid surge of buying on Wall StreetNEW YORK — Metals and energy prices moved higher Thursday, buoyed by a surge of buying in the stock market. Shreveport GM assembly and stamping plants to shut no later than June 2012General Motors Corp. will close its assembly and stamping plants in Shreveport, La., no later than June 2012, the company said Wednesday. Oil falls below $70 as investors mull mixed signs on US economyOil prices fell below $70 a barrel Wednesday as investors weighed mixed signals from the U.S. economy amid sliding equity markets and waited for new data on inventory levels. Oil falls to around $70 as investors mull mixed signs on US economyOil prices fell to around $70 a barrel Wednesday as investors weighed mixed signals from the U.S. economy amid sliding equity markets. Oil hovers below $71 in Asia on investor concern recent rally went too far, too fastSINGAPORE — Oil prices hovered below $71 as investors mulled whether a three-month rally went too far, too fast amid high supplies and weak demand. Pump prices rise for the 48th straight day, but signs of weakness appear in crude marketCOLUMBUS, Ohio — Gas prices rose Monday for the 48th straight day, matching a record going back to at least the 1970s, with prices now up nearly two-thirds since the beginning of the year even as demand from motorists remains weak. Oil slips to near $71 as market takes profit, but mood is bullish on improving economic dataVIENNA — Oil prices slipped to near $71 a barrel Friday as the crude market took a breather from its recent daily gains. But the mood remained bullish as investors eyed signs that the global recession may be easing. Oil jumps above $69 in Asia as investors mull economy, US dollarSINGAPORE — Oil prices rose above $69 a barrel Tuesday in Asia as traders brushed off concerns that the doubling of crude since March is out of step with a weak global economy. Gold, oil prices rebound as jobs data renews hopes of economic recovery, dollar weakensNEW YORK — Optimism about the economy showed through in the commodities markets on Thursday as investors sent prices for gold, oil and grains higher on the belief that demand for basic materials will soon rebound. Fugitive Philippine police official extradited from US to face double homicide chargesMANILA, Philippines — A former senior Philippine police official accused of double homicide nine years ago was extradited from the U.S. on Thursday after agreeing to testify in a case implicating an opposition senator. 2009 Ford Flex crossover SUV has distinctive features, seats 7 in a roomy interiorPeople love it or hate it, but they agree on one thing: The Ford Flex is no look-alike crossover sport utility vehicle. Oil slips below $68, remains near 7-month highs ahead of expected fall in US crude stocksSIOUX FALLS, S.D. — Oil prices slipped below $68 a barrel Wednesday before the government reported how much unused crude, now near 19-year highs, remains in storage. GM to sell Hummer to Chinese manufacturer amid efforts to exit bankruptcy quicklyDETROIT — General Motors Corp. took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese manufacturer, while also revealing that it has potential buyers for its Saturn and Saab brands. Polish customs officers foil attempt to smuggle 121 threatened tortoises into countryWARSAW, Poland — Polish customs at the Ukrainian border Tuesday found 121 Central Asian tortoises, a threatened species, bound so tightly in black tape that their heads could barely squeeze out from their shells. Oil slides below $68 in Asia as investors watch economic recovery, inflationVIENNA — Oil prices slipped below $68 a barrel Tuesday as traders took profits on recent gains, which were driven by speculation that a massive global fiscal stimulus could spark an economic recovery and inflation. Fiat 500 remake shown off on streets of New York, day after judge approves Chrysler-Fiat dealNEW YORK — Italian officials touted the remake of Fiat’s iconic 500 compact as the perfect city car for a new America, a day after a bankruptcy judge gave Chrysler LLC approval to sell most of its assets to the Italian automaker and hours after General Motors entered bankruptcy protection. Oil well above $59 as investors bet worst of US recession overVIENNA — Oil prices rose well above $59 a barrel on Tuesday, boosted by investor hopes that the U.S. recession may have bottomed out. Murder weapons, death masks: Hidden items from Scotland Yard’s Crime Museum may see the lightLONDON — Death masks, murder weapons and other macabre crime scene artifacts could be put on public display under a plan backed by the mayor of London. Oil creeps above $54 in Asia as Bernanke comments stoke investor optimism for recoverySINGAPORE — Oil prices crept above $54 a barrel Wednesday in Asia as comments by the top U.S. central banker stoked investor optimism that economic growth and crude demand may pick up by the end of the year. Wis. coroner: 2 toddlers found dead in gas soaked home were shot in head with motherSTEVENS POINT, Wis. — A Wisconsin coroner says two toddlers found dead in their gasoline-soaked home last week were shot in the head and their mother was the victim of a complex homicide. Some see early signs of rising tide for struggling US boat industryHAM LAKE, Minn. — The economy was a big part of why Soua Xiong held off buying a new fishing boat for the past couple years. Hoping the worst was over, he was ready to do more than look when he walked into the Rapid Sport Marine showroom. Business HighlightsRetailers see sales begin to recover in September NEW YORK (AP) — The nation’s stores saw their first sales gain in 14 months in September, a sign of life from shoppers that fuels some hope for the holiday shopping season. Gold prices retreat, fall back below $900 as dollar gains ground, stocks stage early rallyNEW YORK — Gold prices inched back below $900 an ounce on Thursday, falling as the dollar advanced against other major currencies and stocks staged an early rally. Safeway 1st-quarter net income falls 25 percent on stronger dollar, lower fuel pricesPORTLAND, Ore. — Grocery store operator Safeway Inc. said Thursday that weak consumer spending, the stronger dollar, lower fuel prices and the late Easter holiday caused its first-quarter profit to fall 25 percent. |
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ROME - Piaggio, the makers of classic scooter the Vespa, unveiled the world’s first hybrid scooter-cum plug-in bike this week. It is the first to be powered by both petrol and electric motors.
