Business

Washington -- U.S. crude oil inventories dropped by 3.7 million barrels in the week ending Dec. 11, the U.S. Energy Information Administration said Wednesday.

Everett, Washington, December 16 -- Boeing Company’s new double-engine and more fuel-efficient aircraft ‘787 Dreamliner’ completed its first test flight and landed in Everett, Washington.

New York, December 16 -- UK economy is seeing the signs of recession easing for the first time since the economic downturn gripped the world economies late last year.

New York, December 16 -- The International Air Transport Association (IATA), a representation of the airline industry, on Tuesday projected a loss of $5.6 billion in 2010, $1.8 billion more than previously predicted.

Everett, Wash. -- Boeing's Dreamliner aircraft, two years overdue, took off on its maiden flight near Everett, Wash., Tuesday, collecting accolades from its creators.

Beijing -- China, under pressure to cut gas emissions, plans a huge expansion of its nuclear power program in coming decades by adding about 10 new plants annually.

Dearborn, Mich. -- Executives from Ford Motor Co. and Mazda Motor Corp, reaffirmed a commitment to working together after a series of meetings in Detroit.

Geneva, Switzerland -- The banana wars between Europe and Latin America came to an end Tuesday when the European Union said it would cut tariffs on the tropical fruit, officials said.

Chicago -- Grain futures closed mixed on the Chicago Board of Trade Tuesday as the dollar rose against the euro and the yen.

New York -- Crude oil prices climbed above $70 per barrel Tuesday on the New York Mercantile Exchange after nine days of declines.