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Asia stocks slip in holiday-thinned trade

TOKYO Asian shares got off to a rocky start on Monday after mixed U.S. jobs data helped sink shares on Wall Street, but trade was thin with many regional markets closed for the Lunar New Year holiday.

Recent Business News

Prolonged oil slump sparks second wave of cuts to 2016 budgets

Less than two months into the year, the top U.S. shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices continues to erode their cash flow.

2:32pm EST

Celgene, Gilead Sciences shares could rise 30 percent: Barron's

NEW YORK The tumble in share prices for biotechnology stocks has created some buying opportunities, with drugmakers Celgene Corp and Gilead Sciences poised for a 30 percent rise over the next year, Barron's said.

9:38pm EST

Saudi, Venezuela talk of OPEC, non-OPEC cooperation to stabilize oil market: SPA

DUBAI Saudi Arabia's oil minister Ali al-Naimi discussed cooperation between OPEC members and other oil producers to stabilize the global oil market with his Venezuelan counterpart on Sunday, state news agency SPA reported.

12:11pm EST

As Big Oil shrinks, boards plot different paths out of crisis

LONDON/HOUSTON As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis.

3:19am EST

Recalled cars create a costly problem for U.S. auto dealers

Honda Motor Co's order that its U.S. dealers stop selling some 2.2 million of the automakers' most popular models is compounding financial and regulatory headaches for car dealers stuck with millions of vehicles that have potentially hazardous air bags or other safety defects.

10:01am EST

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