Business

Photo

Oil edges above $60 as Libyan output slumps

LONDON - Oil edged above $60 a barrel on Friday as unrest in Libya cut supplies, offsetting a growing supply glut in top consumer the United States and weak imports by Japan.

Recent Business News

Hyundai Motor promotes younger executives, with eye on succession planning

SEOUL - Hyundai Motor and affiliate Kia Motors promoted younger executives on Friday, in moves analysts said would help smoothen an eventual leadership succession at the family-owned conglomerate.

3:24am EST

Prosecutors raid LG headquarters over washing machine row with Samsung

SEOUL - Prosecutors raided the headquarters of LG Electronics on Friday as part of a probe into whether the South Korean company had damaged the washing machines of rival Samsung Electronics at retail stores in Germany, LG said.

4:00am EST

S&P nears settlement on real-estate bond ratings: WSJ

- Standard & Poor's Ratings Services is nearing a settlement with regulators over their investigation of how the company graded real-estate bonds, the Wall Street Journal reported, citing people familiar with the matter.

U.S. retailers likely to just meet holiday sales forecasts: experts

CHICAGO - U.S. consumers have not turned out in force for the final shopping days before Christmas, suggesting that traditional retailers will just meet industry sales forecasts in a season marked by deep discounts and growing encroachment from online rivals led by Amazon.com Inc .

24 Dec 2014

Subaru scraps plan to shift Crosstrek production to U.S.: source

TOKYO - Fuji Heavy Industries , the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its U.S. plant and will instead make the SUV in Japan, a source familiar with the company's production plans said.

25 Dec 2014

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary