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Energy may see further weakness as key names report

NEW YORK - Stock prices in the U.S. energy sector have been under pressure in 2015, and there could be more bad news to come when several key players report their fourth-quarter results next week.

Recent Business News

Honda says fatal crash involved Takata air bag inflator rupture

DETROIT - Honda Motor Co Ltd on Friday said it has confirmed that a Takata Corp air bag inflator ruptured in a Jan. 18 crash in Texas that killed the driver.

30 Jan 2015

AT&T top buyer at U.S. airwaves auction; Dish spends big

WASHINGTON/SAN FRANCISCO - AT&T Inc spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Dish Network Corp spending heavily to manage a surprise win at No.2 ahead of Verizon, results showed on Friday.

30 Jan 2015

Fed's Fisher: stronger dollar good for U.S. jobs

SAN FRANCISCO - Sharp gains in the U.S. dollar are good for the U.S. labor market, a top Federal Reserve official said on Friday, downplaying a crescendo of complaints from top executives over the dent to their profits.

30 Jan 2015

Exclusive: Sysco, US Foods offer to divest 11 facilities to win FTC deal approval

WASHINGTON - Food distributor Sysco Corp and its biggest rival, US Foods Inc , have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters.

Chevron's profit beats as chemical sales offset cheap oil

WILLISTON, N.D. - Chevron Corp , the second-largest U.S. oil producer, reported a higher-than-expected quarterly profit on Friday as sales of chemicals, lubricants and other refined products helped offset plunging crude prices .

30 Jan 2015

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