The growing role of the US in world energy markets was underlined on Friday as the Obama administration approved wider exports of liquefied natural gas and international companies committed billions of dollars for new infrastructure.

Americans' confidence in the economy climbed in May to the highest level in almost six years as rising real estate values and record stock prices boosted household wealth.

No one ever said the economic recovery would be pretty. California eked out more growth in April as employers added 10,400 jobs, bringing the net total added over the year to 273,000.

President and CEO of Yahoo, Marissa Mayer, arrives for the Time 100 gala celebrating the magazine's naming of the 100 most influential people in the world for the past year, in New York, April 23, 2013.

Tesoro Corp. won federal and state clearance for its purchase of BP's Carson refinery, Arco stations and other assets for $2.4 billion, an acquisition that would further concentrate the state's fuel-making capacity into only two players - Tesoro and Chevron ...