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Investors look to earnings for market direction

NEW YORK - Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy.

Recent Business News

Oil falls from 2015 peaks, Brent jumps 9.6 percent on the week

NEW YORK - Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent's 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower U.S. production lifted prices.

4:12pm EDT

GM counting on high-speed Internet services in car to drive profits

DETROIT - Buyers of General Motors Co vehicles will increasingly be able to use in-car mobile broadband systems to book hotel rooms, cut deals on driver insurance, pay for data usage and conduct a host of other transactions.

2:29pm EDT

Wal-Mart shuffles U.S. store management to improve sales

- Wal-Mart Stores Inc said on Friday it would eliminate the position of zone manager in its U.S. stores while adding up to 8,000 new department heads as part of an overhaul of its store operations.

6:24pm EDT

Ford to spend $2.5 billion on plants in Mexico, angering UAW

MEXICO CITY - Ford Motor Co said on Friday it will spend $2.5 billion to build a new generation of fuel-efficient engines and transmissions in Mexico, creating 3,800 jobs.

6:29pm EDT

Justice Dept. staff may oppose Comcast-Time Warner Cable deal: Bloomberg

- Staff attorneys at the Justice Department's antitrust division are nearing a recommendation to block the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, Bloomberg reported on Friday, citing people familiar with the matter.

4:56pm EDT

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