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Traders work in the oil options pit of the New York Mercantile Exchange Monday, Aug. 22, 2011. Oil prices are mixed Monday as a rebellion in oil-rich Libya appeared close to ending. (AP Photo/Richard Drew)

Oil above $85 as rebels struggle to control Libya

SINGAPORE — Oil prices rose to above $85 a barrel Tuesday in Asia as a bid by Libyan rebels to take over Tripoli stalled and Moammar Gadhafi's whereabouts remained unknown.

Traders work on the floor of the New York Stock Exchange on Thursday, Aug. 4, 2011 in New York. Stocks sank again early Thursday as investors continued to fret about the struggling economies in Europe and slow growth in the U.S. (AP Photo/Jin Lee)

Stocks down as economic, European worries continue

NEW YORK — The stock market is in the midst of its biggest retreat since the financial crisis.

CampusBookRentals.com Announces Growth Financing

OGDEN - CampusBookRentals.com, a trailblazer and leader in the growing online textbook rental market, announced a round of growth financing with total equity and credit facilities raised of over $20 million. Lead investors included Level Equity, Five Elms Capital and Cherokee & Walker.

Americans cut spending for first time in 20 months

WASHINGTON (AP) — Americans cut back on their spending in June for the first time in nearly two years and their incomes grew by the smallest amount in nine months, a troubling sign for an economy that is barely growing.

Stock futures follow global markets higher

NEW YORK — U.S. stock index futures rose Wednesday after reports showing the pace of China's economic expansion accelerated in November sent overseas shares higher.

China rules weigh on world markets

LONDON -- World markets mostly fell Wednesday after China's central bank announced it will raise the amount of cash that banks have to hold in reserve and the country's leading credit rating agency lowered its view on the U.S. in the wake of the Federal Reserve's decision to pump another $600 billion into the U.S. economy.

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