Business news from Biloxi and Gulfport, MS,

Business

US consumer prices rise just 0.1 pct. in May

KEITH SRAKOCIC/ASSOCIATED PRESSA crew works on a drilling rig at a well site for shale based natural gas in Zelienople, Pa. Consumer prices rose slightly in May as higher energy costs were partly offset by cheaper food. The small increase underscores that inflation is mild.

WASHINGTON -- U.S. consumer prices rose slightly last month, as higher energy costs partly offset cheaper food. The small increase is further evidence that consumers are benefiting from mild inflation.

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Archive by category ''Business

BUSINESS

Obama raises possibility of change at the Fed

WASHINGTON -- President Barack Obama suggested that he was likely to nominate a new Federal Reserve chairman later this year, saying in a television interview aired late Monday that the current chairman, Ben S. Bernanke, had "already stayed a lot longer than he wanted or he was supposed to."
BUSINESS

All 16 appointments made to regional CVB

The supervisors of the three Coast counties have named the 16 people who will lead the new Mississippi Gulf Coast Regional Convention and Visitors Bureau starting July 1.
BUSINESS

Business briefs for June 19

Schloegel will deliver final speech

BUSINESS

Oil rises near $99 a barrel before Bernanke speaks

The price of oil rose to near $99 a barrel on Wednesday, driven by a report of falling U.S. stockpiles of crude and ahead of the conclusion of a meeting of the Federal Reserve.

2 hours ago
TECHNOLOGY

Japan formally OKs new nuke safety requirements

Japan's nuclear watchdog formally approved a set of new safety requirements for atomic power plants Wednesday, paving the way for the reopening of facilities shut down since the Fukushima disaster.

15 minutes ago
TECHNOLOGY

Social-network gaffes plague Japanese politicians

On the Internet, no one can save you from yourself. That is a lesson many Japanese politicians have learned recently in painful, awkward and at times costly fashion.

35 minutes ago
TECHNOLOGY

A year on, Assange stays put in Ecuadorean Embassy

A year ago, Julian Assange skipped out on a date with Swedish justice. Rather than comply with a British order that he go to the Scandinavian country for questioning about sex crimes allegations, the WikiLeaks founder took refuge in the Ecuadorean Embassy in London.
TECHNOLOGY

Award-winning journalist Michael Hastings dies

Michael Hastings, the war correspondent whose unflinching reporting from Afghanistan led to the resignation of a top U.S. army general, has died in a car accident in Los Angeles, according to his employer and family.
BUSINESS

Japan's trade deficit climbs to $10.5B in May

Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion), highlighting the challenge Prime Minister Shinzo Abe faces in revitalizing manufacturing as industries increasingly shift production offshore.
BUSINESS

Investors look for answers on economy from Fed

Worry and speculation have consumed investors since Chairman Ben Bernanke spoke to Congress last month about the Federal Reserve's drive to keep long-term interest rates at record lows.