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Wall Street slips as oil slump drags energy stocks

The S&P 500 index and the Dow Jones Industrial Average were slightly lower on Friday as a steep drop in oil prices pressured energy stocks.

Recent Business News

Exclusive: China Inc tightens reins on debt, raises specter of slowdown

SHANGHAI/BENGALURU Debt growth for Chinese companies has slowed to the lowest rate in more than a decade, according to Reuters analysis, which could provide relief for policymakers worried about the fallout from years of loose lending practices across the economy.

7:26am EDT

Mexico minister: 40 percent chance of NAFTA deal before July election

MEXICO CITY There is about a 40 percent chance of concluding the renegotiation of the North American Free Trade Agreement (NAFTA) before Mexico's presidential election on July 1, Mexican Economy Minister Ildefonso Guajardo said on Friday.

9:41am EDT

Icahn sells some of his Herbalife shares, remains biggest investor

BOSTON Billionaire investor Carl Icahn, who spent years defending Herbalife against prominent short-seller William Ackman, said on Friday that he has sold some of his shares in the nutrition and weight loss company because the position had become too big for him.

10:42am EDT

Tax-dodge strategists probe loopholes in new U.S. law, IRS wary

WASHINGTON Tax experts for global corporations are hot on the trail of loopholes in the sweeping tax law approved in December by President Donald Trump and Republicans in the U.S. Congress.

9:10am EDT

Daimler threatened with recall of over 600,000 diesel models: Spiegel

BERLIN Daimler faces a recall order for more than 600,000 diesel-engine vehicles including C-Class and G-Class models because of suspected emissions manipulation, German magazine Der Spiegel reported on Friday.

9:44am EDT

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