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Energy may see further weakness as key names report

NEW YORK - Stock prices in the U.S. energy sector have been under pressure in 2015, and there could be more bad news to come when several key players report their fourth-quarter results next week.

Recent Business News

Exclusive: Treasury official among those eyed for regional U.S. Fed openings

- A U.S. Treasury official and a director at the New York Federal Reserve are among those who have been considered to replace two hawkish Fed policymakers, according to people familiar with the searches.

11:05am EST

McDonald's to slow Russia expansion due to fall in rouble

MOSCOW - McDonald's Corp. will open fewer new restaurants in Russia this year than last because a fall in the rouble has increased expansion costs and is hurting consumers, its Russian chief executive Khamzat Khasbulatov told Reuters.

12:42pm EST

BMW, Bosch join Deutsche Bahn in airline cartel damages claim

FRANKFURT - German carmaker BMW and car supplier Bosch [ROBG.UL] said on Saturday they would join Deutsche Bahn [DBN.UL] in two claims for about 2.1 billion euros ($2.4 billion) in damages from air freight carriers who were involved in a cartel.

Exclusive: GM and China’s SAIC to push into Indonesia with no-frills vans

BEIJING - General Motors and Chinese partner SAIC Motor Corp will soon announce a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia’s biggest market and from there tackle other markets in the region.

10:18am EST

U.S. economy cools in fourth quarter, but consumer spending shines

WASHINGTON - U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006.

30 Jan 2015

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