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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

India's finance minister favors interest rate cut: paper

NEW DELHI - India's Finance Minister Arun Jaitley favors a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the central bank has signal it will not ease policy until it is confident of lower inflation.

2:43am EDT

Exclusive: Ford to overhaul Lincoln brand, this time with big bucks

DETROIT - Ford Motor Co's new chief executive, Mark Fields, is giving the automaker's long-moribund Lincoln brand what his predecessor Alan Mulally never could: a little love and a lot of cash.

24 Oct 2014

Fannie Mae settles shareholder lawsuit for $170 million

NEW YORK - Fannie Mae has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized by the U.S. government during the 2008 financial crisis.

U.S. appeals court rules for GM over Spyker's Saab sale

- General Motors Co persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company.

24 Oct 2014

Ex-Bank of New York Mellon employee pleads guilty to insider trading

NEW YORK - A former Bank of New York Mellon Corp employee on Friday pleaded guilty to insider trading based on tips from a former Merck & Co Inc employee about potential pharmaceutical mergers.

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