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Wholesale prices in the United States rose in May as the biggest jump in fuel costs in at least five years swamped muted advances in other categories.

OPEC ministers extended their campaign to restrain rival oil producers by continuing to pump oil into a global supply glut and keeping their combined daily production target at 30 million barrels.

Fewer workers filed applications for unemployment benefits last week, signaling the U.S. job market remains firm even after growth plunged at the start of the year.

Service industries expanded in May at the slowest pace in 13 months as orders eased, signaling tempered improvement in the biggest part of the U.S. economy.

Manufacturing expanded more than forecast in May as orders grew at the fastest pace in five months, indicating the industry is starting to emerge from a first-quarter slump.

Tracy Morgan and Wal-Mart Stores Inc. settled the actor-comedian’s lawsuit over a New Jersey Turnpike crash that had left him in a coma for days and killed another comedian.

Applications for U.S. jobless benefits remained below 300,000 for the 12th straight week, signaling the labor market remains firm even as the economy has been slow to rebound from a first-quarter slump.

Iraq is taking OPEC's strategy to defend its share of the global oil market to a new level.

More than 10 inches of rain flooded Houston the morning of May 26, closing freeways and prompting the suspension of all public transit. See photos.