Business

Photo

Wall Street falls as strong jobs data may bring rate hike sooner

NEW YORK - U.S. stocks retreated on Friday, with the S&P 500 index poised for its second straight weekly drop, after a strong monthly jobs report fueled expectations for an interest rate hike by the Federal Reserve this year.

Recent Business News

Greece sends EU reform list, more hurdles before early cash

ATHENS/BRUSSELS - Greece sent its euro zone partners an augmented list of proposed reforms on Friday but EU officials said several more steps were required before any release of aid funds to a country that Prime Minister Alexis Tsipras says has a noose around its neck.

10:55am EST

GSK sacks 110 China staff in wake of drug bribery case: sources

LONDON - Drugmaker GlaxoSmithKline , which was fined 3 billion yuan ($479 million) in China last year for bribery, is dismissing 110 employees in the country for misconduct, people familiar with the matter said on Friday.

2:07pm EST

Fiat Chrysler's Marchionne earned 31.3 million euros in 2014

DETROIT - Fiat Chrysler Automobiles Chief Executive Sergio Marchionne earned 31.3 million euros ($34 million) last year, including a bonus for cementing a deal that created the world's seventh-largest carmaker, a regulatory filing showed.

2:32pm EST

Oil down on dollar, rate hike fear; little impact from rig count drop

NEW YORK - Crude prices fell on Friday as a rallying dollar and fears of a rate hike due to strong U.S. jobs growth suppressed the market, diverting attention from a near four-year low in the number of rigs drilling for oil in the United States. | Video

2:45pm EST

Puget Sound Energy to join Calif. power market in October 2016

- Puget Sound Energy [PSPLP.UL] will join the California power market in October 2016, the Bellevue, Washington- based company and the California Independent System Operator (ISO) announced on Thursday.

1:26pm EST

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary