Wall Street opens lower as investors wary after hectic week

- Wall Street opened lower on Friday, suggesting investors were wary of taking big positions into the weekend after days of tumultuous trading that featured both the market's worst day in four years and biggest two-day gain since the financial crisis.

Recent Business News

BNY Mellon glitch disrupted pricing on nearly 5 percent of U.S. funds

- BNY Mellon Corp's computer glitch this week disrupted pricing on nearly 5 percent of U.S. mutual funds and exchange-traded funds, according to data from Morningstar Inc and Lipper Inc.

10:24am EDT

U.S. consumer sentiment falls in August

NEW YORK - U.S. consumer sentiment fell in August, a survey released on Friday showed.

10:07am EDT

Exclusive: Arab OPEC producers brace for oil-price weakness for rest of 2015

DUBAI/LONDON - A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals' output.

9:04am EDT

China banks warn of rising bad loans and falling margins as economy slows

SHANGHAI/BEIJING - China's largest banks warned of a tough year after posting their weakest half-yearly profit growth in at least six years as a slowing economy forces the lenders to make even more provisions for soured loans and squeezes interest income.

8:57am EDT

Prosecutor seeks to summon Murdoch in Deutsche Bank trial

MUNICH - Munich prosecutors requested that 30 additional witnesses including Rupert Murdoch, publisher Friede Springer and Axel Springer Chief Executive Mathias Doepfner be summoned in a trial against Deutsche Bank executives.


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