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Wall St. closes down for January, Shake Shack rallies in debut

NEW YORK - U.S. stocks closed down on Friday after a volatile session as investors worried at the end of a rough month for the market about weak U.S. growth data and whether instability in Europe could hurt corporate earnings in the United States. | Video

Recent Business News

Fed's Fisher: stronger dollar good for U.S. jobs

SAN FRANCISCO - Sharp gains in the U.S. dollar are good for the U.S. labor market, a top Federal Reserve official said on Friday, downplaying a crescendo of complaints from top executives over the dent to their profits.

2:08pm EST

Chevron's profit beats as chemical sales offset cheap oil

WILLISTON, N.D. - Chevron Corp , the second-largest U.S. oil producer, reported a higher-than-expected quarterly profit on Friday as sales of chemicals, lubricants and other refined products helped offset plunging crude prices .

2:36pm EST

McDonald's franchisees to new CEO: back-to-basics, fast

LOS ANGELES - McDonald's Corp franchisees have an urgent order for the fast-food giant's new CEO - get back-to-basics. In interviews, franchisees and advisors to restaurant owners say they hope the new chief will shrink its huge menu to concentrate on burgers and fries. 

11:40am EST

Mattel CEO feels 'sense of urgency' for new toys as Barbie ages

- Mattel Inc needs to move with a "sense of urgency" to create toys that connect with young customers, its interim CEO said, as dolls based on Disney's blockbuster film "Frozen" stole the show from its Barbie dolls in the holiday quarter.

12:07pm EST

Exxon adds discrimination protections in U.S. for LGBT workers

HOUSTON - Exxon Mobil Corp , the world's largest publicly traded oil company, has changed its U.S. employment policies to prohibit discrimination based on sexual orientation and gender identity as now required by federal law.

4:21pm EST

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