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Top Business News from CBSNews.com

Oil Soars On Report Of U.S. Supply Decline
The latest spike in oil prices means a barrel of crude has gone up by more than 50 percent since the end of last year, when oil was going for $96 a barrel.
Employers Cut Jobs For 6th-Straight Month
Employers cut payrolls by 62,000 in June, the sixth straight month of nationwide job losses, underscoring the economy's fragile state. The unemployment rate held steady at 5.5 percent.
Kentucky Bourbon Goes Global
Distillers are expanding their bourbon production and storage and dispatching sales teams around the world, bullish for a traditionally Southern beverage gaining popularity worldwide.
Entrepreneur Tackles The Business Of Death
Monster.com creator, Jeff Taylor, is branching off to create a website solely for obituaries called Tributes.com.
Kroger Expands Beef Recall To 20 States
Fears of possible E. coli contamination has prompted Kroger to expand its voluntary recall of ground beef.