Banks sell off but Wall Street ends far from lows

NEW YORK Bank shares dragged Wall Street lower on Thursday on concerns the a slowing global economy will continue to pressure interest rates, but energy shares helped the market pare losses on a report that OPEC may move to cut oil production. | Video

Recent Business News

FCA confirms C$3.7 billion investment, 1,200 jobs for new minivan

TORONTO Fiat Chrysler Automobiles said on Thursday at a Toronto auto show that it has invested C$3.7 billion since September 2014 and created 1,200 jobs in Canada to develop and produce its Pacifica minivan. The Pacifica, which is also being developed as Fiat Chrysler's first hybrid minivan, is in the early production stages at the company's plant in Windsor, Ontario, said Reid Bigland, president and chief executive of FCA Canada.

3:38pm EST

Twitter shares slump to all-time low as user growth stalls

NEW YORK/SAN FRANCISCO Shares of social media website Twitter Inc hit an all-time low on Thursday after the company said late Wednesday that user growth stalled for the first time since the company went public in 2013.

2:59pm EST

Morgan Stanley to pay $3.2 billion to settle financial crisis-era charges

WASHINGTON Morgan Stanley will pay about $3.2 billion to settle charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, federal and state officials said Thursday.

Gold surges to one-year high on financial uncertainty fears

LONDON Gold surged more than 4 percent on Thursday to its highest in a year as fears about financial uncertainty, a lower dollar and U.S. Treasury yields persuaded investors to seek refuge in the precious metal. | Video

3:34pm EST

PepsiCo revenue beats estimates as sales rise in North America

PepsiCo Inc reported better-than-expected quarterly net revenue on Thursday as higher sales of snacks and non-fizzy beverages such as Gatorade in North America helped reduce the impact of a strong dollar.

10:30am EST


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