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Look to energy names for global demand clues

NEW YORK - Slumping energy shares drove the recent U.S. stock market selloff more than any other major group, so investors are turning to next week's slate of earnings to see if the sector can pull itself out of the pit.

Recent Business News

U.S. new home sales at six-year high; recovery still fragile

WASHINGTON - Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August's sales pace indicated the housing recovery remains tentative.

24 Oct 2014

Port squeeze threatens US retailers' holiday stocking plans

CHICAGO/LOS ANGELES - A shortage of transportation equipment and possible labor disruptions at ‚Äčthe Los Angeles/Long Beach port complex, ‚Äčthe nation's busiest, is delaying shipping containers for up to three weeks, threatening timely delivery to retailers for the holiday season.

24 Oct 2014

Ford's lower profit beats estimates; sales down on F-150 launch

DETROIT - Ford Motor Co on Friday reported a 34 percent drop in third-quarter profit, and revenue fell due to the cost of introducing the F-150 pickup truck. | Video

24 Oct 2014

25 European banks set to fail health checks: sources

FRANKFURT - A group of 25 banks have failed European health checks, while up to 10 of those continue to have a capital shortfall, two people familiar with the matter said on Friday, providing a snapshot of the health of the region's lenders. | Video

24 Oct 2014

U.S. House panel to meet with safety regulators about Takata air bags next week

WASHINGTON/DETROIT - The U.S. House committee looking into the defective air bags made by Japanese supplier Takata Corp will hold an initial briefing with U.S. safety regulators next week to learn the details of the regional recalls affecting 10 automakers, a committee aide said on Friday.

U.S., Japan, Politics 24 Oct 2014

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