gas U.S. consumer price rose for the second straight month as gasoline and housing price increased. According to the economists, this indicates a strong sign of rising inflation, which will help the Federal Reserve to increase the interest rate this year.
European stocks slid, posting the biggest retreat since they began rallying in January, as concern over Greek debt was exacerbated by declines in the US and Asia.
Greece will need to tap from all of its remaining cash reserves in order to afford to pay its public sector workers, according to officials in the finance ministry.
Sales of General Electric Company's (NYSE:GE) oilfield equipment have taken a hit in the first quarter of fiscal year 2015 as the prolonged slump in crude oil prices has hurt the entire oilfield services industry.
Justice Department may block cable giant Comcast`s $45 billion takeover of Time Warner Cable It was reported that the Justice Department may block Comcast`s $45 billion takeover and merger of Time Warner Cable.