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Stocks likely to drift as investors await Fed, earnings

NEW YORK - Wall Street investors may find little reason to make big moves next week as they await monthly U.S. jobs data and any news that could change expectations for the first interest rate hike in almost a decade.

Recent Business News

Chevron exits Caltex Australia stake for $3.7 billion

PERTH - U.S. energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd for A$4.7 billion ($3.7 billion) in Asia’s biggest block deal this year, as falling oil prices and high costs hurt margins.

27 Mar 2015

Oil dives 5 percent as worries about Iran talks trump Yemen

NEW YORK - Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market.

27 Mar 2015

U.S. economic growth slows in fourth quarter; corporate profits fall

WASHINGTON - U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits took a hit from a strong dollar, which could undermine future business spending. | Video

27 Mar 2015

Lender says will make 'significant' new bid for RadioShack

WILMINGTON, Del - A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement" over a rival proposal that was selected as a winning bidder at an auction this week.

27 Mar 2015

Yahoo, Microsoft extend search partnership talks for 30 days

SAN FRANCISCO - Yahoo Inc and Microsoft Corp agreed to extend by 30 days the deadline to re-negotiate a ten year search deal, as the two Internet companies attempt to revamp a thorny partnership crafted by former chief executives.

27 Mar 2015

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