Wall St. set to open little changed amid tepid earnings

- Wall Street was set to open little changed on Friday following a spate of uninspiring corporate results including that of Exxon Mobil, and a drop in prices of crude oil and major industrial metals.

Recent Business News

Exxon profit halved by tumbling crude price; shares drop

- Exxon Mobil Corp reported lower-than-expected second-quarter results on Friday as tumbling crude prices halved profit at the world's largest publicly traded oil company.

9:23am EDT

Exclusive: China watchdog extends pursuit of short sellers to HK, Singapore - sources

HONG KONG/SHANGHAI - China is pressing foreign and Chinese-owned brokerages in Hong Kong and Singapore to hand over stock trading records, sources said, extending its pursuit of "malicious" short sellers of Chinese stocks to overseas jurisdictions.

Fed's 'nearly balanced' language no bar to September rate rise

WASHINGTON - The U.S. Federal Reserve will not need to see balanced risks to the economy to proceed with an interest rate hike in September, according to former Fed officials and a review of central bank statements through recent turns in policy.

12:49am EDT

IMF is participating fully in Athens debt talks: European Commission

BRUSSELS - The International Monetary Fund is participating fully in the ongoing talks for a new bailout program for Greece, a spokeswoman for the European Commission said on Friday, dismissing reports the IMF could be abandoning the rescue plan.

8:54am EDT

Fiat Chrysler, Australia ex-CEO lock horns in court dispute over spending

SYDNEY - Fiat Chrysler Automobiles traded charges in court with its former Australia CEO, who denied breaching his legal duties and said he acted on instructions from above after a lawsuit by the carmaker accused him of excessive spending and illegally enriching himself through commercial deals.

9:02am EDT


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