Business

Stock futures edge higher, on track for weekly gain

NEW YORK - U.S. stock index futures edged higher on Friday, putting major indexes on track for a second straight weekly advance, though moves were likely to be slight with few market catalysts and many traders still out for the Christmas holiday.

Recent Business News

Hyundai Motor promotes younger executives, with eye on succession planning

SEOUL - Hyundai Motor and affiliate Kia Motors promoted younger executives on Friday, in moves analysts said would help smoothen an eventual leadership succession at the family-owned conglomerate.

3:24am EST

Prosecutors raid LG headquarters over washing machine row with Samsung

SEOUL - Prosecutors raided the headquarters of LG Electronics on Friday as part of a probe into whether the South Korean company had damaged the washing machines of rival Samsung Electronics at retail stores in Germany, LG said.

4:00am EST

S&P nears settlement on real-estate bond ratings: WSJ

- Standard & Poor's Ratings Services is nearing a settlement with regulators over their investigation of how the company graded real-estate bonds, the Wall Street Journal reported, citing people familiar with the matter.

U.S. retailers likely to just meet holiday sales forecasts: experts

CHICAGO - U.S. consumers have not turned out in force for the final shopping days before Christmas, suggesting that traditional retailers will just meet industry sales forecasts in a season marked by deep discounts and growing encroachment from online rivals led by Amazon.com Inc .

24 Dec 2014

Russia's Finance Minister sees economy shrinking 4 percent in 2015

MOSCOW - Finance Minister Anton Siluanov said on Friday that the Russian economy could contract by 4 percent next year and that the budget could have a deficit of more than 3 percent of gross domestic product if oil prices average $60 a barrel.

6:34am EST

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