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Wall St. little changed; tech gains offset energy losses

U.S. stocks were little changed on Friday after Alphabet and Amazon's strong results lifted technology stocks, helping offset losses in energy shares.

Recent Business News

Oil faces big monthly loss on slowing economic growth, oversupply

LONDON Oil prices fell to their lowest levels since April on Friday, with Brent on track for its biggest monthly loss since December 2015, pressured by slowing economic growth that threatened to increase a supply overhang of crude and refined products.

10:04am EDT

Rising revenue boosts UPS profit; 2016 forecast confirmed

CHICAGO United Parcel Service Inc reported a higher quarterly net profit on Friday that met analyst expectations as revenue grew across its business units, and the company reaffirmed its full-year earnings outlook despite global economic uncertainty.

11:05am EDT

Credit Suisse to create U.S. banking business for billionaires

Credit Suisse Group AG , which exited its U.S. private wealth business last year, is building out a new investment banking group in the region to serve billionaires.

10:00am EDT

AutoNation CEO: Auto retailer wants to trim inventories further

AutoNation Inc Chief Executive Mike Jackson told Reuters the U.S. auto dealership chain will continue reducing stocks of unsold vehicles at its stores, responding to signs that U.S. vehicle sales growth has hit a plateau.

11:40am EDT

Mercedes pulls U.S. E-Class ad touting self-driving car

FRANKFURT Mercedes-Benz has withdrawn an advert in the United States which compared its new E-class with a futuristic self-driving concept car following allegations from local consumer groups that the marketing claims were misleading.

9:00am EDT


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