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• Oil below $75 as OPEC cuts demand forecast
The Dow Jones industrial average plunged 733 points. Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates in Galena, Ill, said oil traders using the stock market as a barometer for economic health were “undoubtedly” pricing ...
• After victory, Canada PM turns to economy
He said he would meet with Canada's provincial leaders as well as his counterparts in the Group of 7 major industrial nations to discuss economic needs. In his concession speech late Tuesday, Liberal Party leader Stephane Dion offered his "full ...
• U.S. confronts possibility of deep recession
By the end of 1974, the Dow Jones industrial average had lost more than 40 percent of its value. At the same time, the nation was focused on the Watergate scandal and the vacuum left by President Nixon's resignation in August 1974. The economy began ...
• 'Grassoline' refinery rising in Tennessee
VONORE, Tenn. - Tennessee and industrial partner DuPont Co. broke ground Tuesday on a research refinery designed to turn corn cobs and switchgrass into ethanol and potentially elevate the Volunteer State into a major player in biofuels. "When it ...
• Japan pulls tainted Chinese beans from stores
The food scare emerged a month after a scandal over Chinese milk tainted with the industrial chemical melamine , which killed four babies in China, made tens of thousands ill and forced product recalls around the world, including in Japan. Earlier this ...