Oil and gasoline prices continued a recession-defying march higher Friday, doublingin the past six months largely on optimism of a strengthening economy. The predictions for just how high oil can reach this year, just like 2008, continue to creep upward just…

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Business – Oil Prices – Energy – Oil and Gas – Benchmark

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Oil, gas prices defy recession; crude hits $66

NEW YORK (Reuters) – The dollar hit a five-month low against major currencies on Friday and the euro rose above $1.41 for the first time this year as hope of a global recovery drove investors to buy higher-yielding currencies and assets.

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Rise in risk appetite and U.S. deficit fear slam dollar

NEW YORK (Reuters) – U.S. automaker Chrysler LLC neared approval for its sale to a group led by Italy’s Fiat SpA after three days of testimony ended and parties shifted their attention to 350 objections — although opponents are likely to file immediate appeals.

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Chrysler hopes for Friday OK on Fiat deal

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Magna Seals a Deal for GM’s Opel

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Magna Looks Poised to Nab Opel

The United Auto Workers union has ratified a package of concessions designed to reduce General Motors Corp.’s labor costs. UAW President Ron Gettelfinger said at a news conference Friday that 74 percent of GM’s 54,000 U.S. production and skilled-trade workers…

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General Motors – United Auto Workers – United States – Business – Society and Culture

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UAW members approve General Motors concessions

The number of rigs actively exploring for oil and natural gas in the United States fell by one this week to 899, down more than half from a year ago. Of the rigs running nationwide, 703 were exploring for natural gas and 187 for oil, Houston-based Baker…

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Number of active oil rigs falls by 1

NEW YORK (Reuters) – Time Warner Inc Chief Executive Jeffrey Bewkes said on Friday that his company is still leaning toward spinning off AOL to shareholders as the preferred method for divesting the struggling Internet unit.

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Time Warner leaning to spin-off method for AOL

WILMINGTON, Delaware (Reuters) – U.S. auto parts maker Visteon Corp received interim court approval on Friday to pay wages, benefits and payroll taxes while in bankruptcy.

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Visteon gets bankruptcy court OK to pay wages

NEW YORK (Reuters) – Stocks rose on Friday as resurgent oil prices lifted energy shares, while a sliding dollar boosted the allure of multinationals like Coca-Cola Co and further signs of economic stabilization underpinned sentiment.

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Stocks inch up on energy and stabilization hope

A national nonprofit that helps victims of child sexual abuse across the country was ripped off in a scam orchestrated by three of its own employees, according to federal court documents. Prosecutors say the Washington-based National Children’s Alliance lost…

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Sexual abuse – Child abuse – Children Youth and Family – Support Groups – Non-profit organization

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Employees steal from child abuse nonprofit

The son of disgraced Manhattan lawyer Marc Dreier is suing a former college roommate for $1 million. Nineteen-year-old Spencer Dreier says Ben Clorite of Madison, Conn., attacked him three times after they became roommates in September at Union College in…

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Manhattan – Marc Stuart Dreier – New York City – Union College – Marc Dreier

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NYC lawyer Marc Dreier’s son sues for defamation

NEW YORK (Reuters) – The U.S. dollar fell to five-month lows against a basket of currencies on Friday as an advance in global equities and signs of an easing global recession drove investors to snap up higher-yielding currencies and riskier assets.

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Dollar at 5-month lows as safe-haven luster fades

General Motors Corp. plans to cut loose up to 450 more dealers, beyond the 1,124 dealerships it notified two weeks ago, trade publication Automotive News reported. It cited two sources familiar with GM’s strategy.

GM sales chief Mark LaNeve said the…

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GM plans to end contracts with more dealerships, report says

Robots wag their tail fins and bob along like bathtub toys in a pool at a Vassar College lab. Their actions are dictated by microprocessors housed in round plastic containers, the sort you’d store soup in. It hardly looks like it, but the two swimming robots…

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Vassar College – Swimming – United States – New York – History

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Robots with fins, tails demonstrate evolution