OPEC chief: Strong demand will keep oil prices up
(AP) - OPEC chief Chakib Khelil says the world's surging oil prices are not likely to fall.
He says strong market demand, especially from China and India, is one reason prices will stay as high as they are.
APNewsAlert
(AP) - NBC Universal says it is buying The Weather Channel for an undisclosed amount from Landmark Communications Inc.
G-8 leaders face rising expectations at summit
(AP) - The world's top industrialized nations begin their annual summit Monday confronted with demands they reinvigorate the world economy, push ahead languishing climate change talks and make good on pledges to battle poverty and hunger.
Converters increasingly targeted
(AP) - THE PROBLEM: Theft of catalytic converters has exploded in the past year as thieves try to cash in on higher metal commodity prices. The National Insurance Crime Bureau has seen rising reports of the thefts across the country; just one northeastern Ohio township says 75 have been stolen this year alone.
Smith's `Hancock' bounds to $66M opening weekend
(AP) - Will Smith's box-office superpowers remain intact.
Smith's "Hancock" _ the story of a boozing, foul-mouthed superhero who dresses like a street bum _ led the Fourth of July weekend with a $66 million debut, according to studio estimates Sunday.
Bush defends decisions on North Korea, Olympics
President Bush on Sunday defended removing North Korea from the list of state sponsors of terrorism and attending the opening ceremonies of the Beijing Olympics as world leaders assembled to address soaring gas prices, climate change and African aid.
The buck doesn't stop here; it just keeps falling
(AP) - Things in the U. S. sure are tough. Brother, can you spare a euro? Signs saying "We accept euros" are cropping up in the windows of some Manhattan retailers.
Bush defends decision to attend Olympics opening
(AP) - President Bush spoke out Sunday on the Beijing Olympics and North Korea's abduction of Japanese citizens, two sensitive issues in Asia, before turning attention to global talks on the Earth's rising temperature and oil prices.
Bush: `Affront' to Chinese to skip Olympics start
President Bush said Sunday he does not feel the need to boycott the opening ceremonies of the Beijing Olympics to state his opposition to China's human rights record.
Germany's Merkel urges G-8 action on food
(AP) - German Chancellor Angela Merkel called on the Group of Eight summit to agree on a "comprehensive package of measures" to tackle the fallout from soaring food prices, according to commentary published Sunday.
Democrats hit GOP on support for Medicare cuts
(AP) - Sen. Dick Durbin, the No. 2 Democrat, accused Republicans of putting seniors and military families at risk by siding with President Bush against a measure to prevent Medicare cuts.
Foreclosures to rise, whomever wins White House
(AP) - Home foreclosures will keep rising next year no matter who is elected president in November.
Even the optimism that surrounds a new president taking office cannot resurrect home values overnight, and presidents have no direct ability to reduce rising mortgage rates.
Bush, Fukuda lay out goals for G-8 summit in Japan
Before focusing on global challenges, President Bush sought on Sunday to address Tokyo's concerns that progress in ending a nuclear standoff with North Korea has not helped settled the sensitive issue of Japanese citizens kidnapped by the North.
Challenges abound for Bush at last economic summit
(AP) - The problems do not get any easier as President Bush attends his final summit with leaders of industrialized democracies.
Disputes over global warming, worries about soaring oil prices and uncertainty about Iran and North Korea's nuclear ambitions pose daunting challenges for Bush when he sits down with presidents and prime ministers Monday.
Nigeria's first oil well is still source of woe
(AP) - Three decades after pumping its last drop, the first oil well in Nigeria is marked by a decrepit signboard bearing what would seem an uncontroversial statement:
Oloibiri Well No.