The price of oil climbed to above $98 a barrel Monday amid concerns over an escalation in the civil war in Syria and as traders awaited a critical meeting of the U.S. Federal Reserve later in the week.
By early afternoon in Europe, benchmark oil for July delivery was up 43 cents to $98.28 a barrel in electronic trading on the New York Mercantile Exchange.
Over the past few days, traders have grown increasingly worried over the intensifying civil war...
CHICAGO (AP) — Chicago Police are investigating several shootings after a violent weekend that left at least seven people dead and more than three dozen wounded.
The Chicago Sun-Times reported Monday that it was the city's most violent weekend of the year.
Authorities say the weekend's first homicide happened late Friday. The tally, which included at least 41 injuries, spanned Friday night through Sunday night.
Also, police say...
NEW YORK (AP) — U.S. stock futures are rising sharply ahead of this week's two-day policy meeting of the U.S. Federal Reserve.
Dow Jones futures are up 124 points to 15,112. S&P futures have added 14.3 points to 1,632.70. Nasdaq futures are up 29 points to 2,966.
Markets have been roiled by uncertainty for several weeks regarding the Fed's commitment to a massive bond-buying program that has kept interest rates low and money flowing in domestic...
LEMONT, Pa. (AP) — A Pennsylvania teenager with a metal detector has stumbled across a 1962 high school class ring and returned it to its owner.
The Centre Daily Times reports (http://bit.ly/15c0xOU ) 19-year-old Robert Nese says he was searching the ground behind Lemont Elementary School when he made the discovery recently. He found the gold State College Area High School ring buried 8 inches below the grass, with the initials DLT inside the band.
...
NEW YORK (AP) — Police have increased their presence in New York City neighborhoods still struggling with the aftermath of Superstorm Sandy.
The Staten Island Advance (http://bit.ly/12Qeo2C ) says break-ins left some residents on the island so frustrated and angry that they'd talked of setting booby traps and administering vigilante justice.
In at least eight houses, thieves cut out recently-installed copper piping. That caused flooding in homes that...
NEW YORK (AP) — Apple says it received between 4,000 and 5,000 requests from U.S. law enforcement for customer data for the six months ended in May.
The company, like some other businesses, had asked the U.S government to be able to share how many requests it received related to national security and how it handled them. Those requests were made as part of Prism, the recently revealed highly classified National Security Agency program that seizes records from Internet...
WASHINGTON (AP) — The United States and Cuba will resume talks this week on restarting direct mail service despite a deadlock between Washington and Havana over detainees that has largely stalled most rapprochement efforts, a U.S. official said Monday.
U.S. and Cuban diplomats and postal representatives will meet in Washington on Tuesday and Wednesday for technical talks aimed at ending a 50-year suspension in direct mail between the United States and the communist...
MANCHESTER, Tenn. (AP) — Memories are a jumble walking out of the Bonnaroo Music & Arts Festival. Days blend together, sound memories clash and surface. Hipster moustaches made from pink glow sticks haunt your dreams. And that smell. The horror.
A few things really stuck out this year, though, as we reviewed things following Tom Petty's rain-drenched, festival-closing 2 ½-hour set. Here's a look at five:
Rock 'n' roll will never die: Those who...
Your daily look at late-breaking news, upcoming events and the stories that will be talked about today:
1. SYRIA, ECONOMY HEADLINE G-8 SUMMIT
Obama and Russian Prime Minister Vladmir Putin will meet to discuss their differences on Syria's civil war, while thousands of police are securing the summit from protests.
2. REPORT SAYS BRITISH SPIES HACKED DIPLOMATS AT G-20
The Guardian newspaper cited documents...
WASHINGTON (AP) — Jittery investors will be shining the spotlight on Federal Reserve Chairman Ben Bernanke this week, looking for clues on interest rate policy.
Financial markets have been gyrating in the 3½ weeks since Bernanke told Congress the Fed might scale back its effort to keep long-term rates at record lows within "the next few meetings"— earlier than many had assumed.
The Fed's policy meeting is this week and Bernanke will answer questions...
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