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Oil Futures Pare Losses To Settle At $94.25

Oil futures ended little changed Thursday after paring losses as upbeat U.S. data offset lackluster Chinese manufacturing data, giving a mixed picture for energy-demand prospects. New-home sales in April rose to 454,000, the second-highest level since the recession, beating economist expectations. In China, HSBC's flash purchasing managers' index for May fell to a seven-month low of 49.6, showing an unexpected contraction in activity. July crude fell 3 cents to settle at $94.25 a barrel on the New York Mercantile Exchange.Copyright © 2013 MarketWatch, Inc....

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  1. Ralph Lauren 4th-Quarter Net Up 35%, Shares Slide on Weak Outlook

    Ralph Lauren Corp.'s (RL) fiscal fourth-quarter earnings jumped 35% as the retailer reported stronger retail sales.But shares tumbled 4.3% to $179.90 in recent prema...

  2. Electric Carmaker Tesla Pays Off U.S. Loan

    Electric carmaker Tesla Motors Inc (NASDAQ:TSLA) on Wednesday paid off its U.S. Department of Energy loan nine years earlier than required, using money raised last w...

  3. ECB seeks new tools while Fed toys with exit

    The European Central Bank is looking into expanding its range of policy tools, while the U.S. central bank is mulling scaling back its support measures, highlighting...

  4. Warning signs for China, Fed hints at curbing stimulus

    Chinese factory activity shrank in May for the first time in seven months, overshadowing signs that the euro zone's downturn tempered slightly in May, business surve...

  5. Euro-zone PMI Rises To Three-month High

    Private-sector activity in the 17-nation euro zone continued to shrink in May, albeit at a slower pace than in previous months, according to the preliminary Markit c...

  6. Portuguese leaders build faith in bailout exit

    President Anibal Cavaco Silva thanked Portugal's patron saint for a long-delayed approval of Lisbon's bailout review last week, but the head of state could claim a s...

  7. SABMiller Prioritizes Costs, But Profit Falls

    SABMiller PLC (SAB.LN) Thursday said it is prioritizing cost savings, price increases and sales of premium lager across emerging markets, but the brewer's annual pro...

  8. Electric carmaker Tesla pays off U.S. loan

    Electric carmaker Tesla Motors Inc on Wednesday paid off its U.S. Department of Energy loan nine years earlier than required, using money raised last week in a stock...

  9. Starbucks veteran Michelle Gass leaving for Kohl's

    Starbucks Corp executive Michelle Gass, who was instrumental in the world's biggest coffee chain's post-recession U.S. turnaround, is leaving after more than 16 year...

  10. Lowe's 1st-Quarter Net Up 2.5%, But Results Miss Street Views

    Lowe's Cos. (LOW) fiscal first-quarter earnings rose 2.5%, but revenue was almost flat as the home improvement chain struggled with the weather and its own restructu...

  11. Bernanke's prepared testimony to Joint Economic Committee

    Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday.Chairm...

  12. At the Heart of DC's Fight with Apple

    "They offload Apple's tax burden onto other taxpayers – in particular, onto working families and small businesses. The lost tax revenue feeds a budget deficit that h...

  1. MARKET SNAPSHOT: U.S. Stocks Shake Off Worst Of Drop; H-P Rallies

    U.S. stocks fluctuated between small gains and losses on Thursday after Japanese equities dived overnight, as global markets reacted to weak Chinese manufacturing da...

  2. MARKET SNAPSHOT: U.S. Stocks Shake Off Worst Of Drop; Dow Positive

    U.S. stocks recovered and turned mixed Thursday after Japanese equities dived overnight, as global markets reacted to weak Chinese manufacturing data and worries abo...

  3. MARKET SNAPSHOT: U.S. Stocks Drop, Hit By Fed, Asian Selloff

    U.S. stocks dropped in Thursday morning trade after Japanese equities dived overnight, as global markets reacted to weak Chinese manufacturing data and worries about...

  4. April New Home Sales Up 2% To 454,000

    Sales of new U.S. homes edged up in April to the second-highest post-recession level, as pent-up demand, low interest rates and tight inventories of older homes lift...

  5. U.S. FHFA House Prices Up 1.3% in March

    U.S. home prices rose again in March, pointing to continued support for economic growth from the housing industry.Home prices increased 1.3% in March from February o...

  6. U.S. FHFA House Prices Up 1.3% in March From February

    U.S. home prices rose again in March, pointing to continued support for economic growth from the housing industry.Home prices increased 1.3% in March from February o...

  7. Don't Let Retirement 'Derailers' Ruin Your Nest Egg  

    No matter how much we plan and try to stay organized, life doesn't always follow suit. The car breaks unexpectedly, you need a new roof, children need unforeseen med...

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