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Look to energy names for global demand clues

NEW YORK - Slumping energy shares drove the recent U.S. stock market selloff more than any other major group, so investors are turning to next week's slate of earnings to see if the sector can pull itself out of the pit.

Recent Business News

U.S. new home sales at six-year high; recovery still fragile

WASHINGTON - Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August's sales pace indicated the housing recovery remains tentative.

10:41am EDT

Ford's lower profit beats estimates; sales down on F-150 launch

DETROIT - Ford Motor Co on Friday reported a 34 percent drop in third-quarter profit, and revenue fell due to the cost of introducing the F-150 pickup truck. | Video

5:15pm EDT

25 European banks set to fail health checks: sources

FRANKFURT - A group of 25 banks have failed European health checks, while up to 10 of those continue to have a capital shortfall, two people familiar with the matter said on Friday, providing a snapshot of the health of the region's lenders. | Video

3:27pm EDT

Deutsche Bank braces for $1.3 billion in U.S., UK Libor fines: sources

FRANKFURT - Deutsche Bank is bracing to pay almost 1 billion euros ($1.3 billion) for Libor-related fines as it nears a deal with U.S. and UK authorities to settle allegations it attempted to manipulate the benchmark interest rate, two sources familiar with the matter said on Friday.

U.S. House panel to meet with safety regulators about Takata air bags next week

WASHINGTON/DETROIT - The U.S. House committee looking into the defective air bags made by Japanese supplier Takata Corp will hold an initial briefing with U.S. safety regulators next week to learn the details of the regional recalls affecting 10 automakers, a committee aide said on Friday.

U.S., Japan, Politics 12:32pm EDT

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