Oil Trades Lower After OPEC Meeting

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

By Kevin Baxter Oil prices traded lower on Monday as investors continued to digest Friday's meeting of the Organization of the Petroleum Exporting Countries which left members to continue pumping crude at near-record levels into an already oversupplied market. Brent, ...

GE Terminates Sale of Appliance Business to Electrolux

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

By Jens Hansegard STOCKHOLM-- General Electric has pulled the plug on the agreed $3.3 billion sale of its appliance business to Sweden's Electrolux AB, bowing to pressure from the U.S. Justice Department which wanted to block the transaction on antitrust ...

Asian Rubber Futures End Higher on Stronger U.S. Dollar

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

By Lucy Craymer Rubber futures contracts across Asia ended higher Monday, bolstered by improved global sentiment and a stronger U.S. currency, which supports the dollar-traded commodity, according to analysts. Asia markets had a strong start to the trading day after ...

Fed's Lockhart Says Conditions Are 'Satisfactory' for Rate Increase

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

By Mark Taylor Economic conditions are "satisfactory" for U.S. central bankers to increase interest rates at next week's policy meeting, although a 2% growth rate is the best the economy is expected to manage, Federal Reserve Bank of Atlanta President ...

Royal Bank of Scotland Sells Irish Real-Estate Loans

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

By Simon Zekaria LONDON--Royal Bank of Scotland Group PLC (RBS) said Monday its units Ulster Bank Ireland Ltd. and Ulster Bank Ltd. have agreed to sell a portfolio of Irish real-estate loans to a unit of Cairn Homes PLC (CRN.LN) ...

U.S. Stocks Fall as Oil Keeps Sliding

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

By Dan Strumpf And Riva Gold U.S. stocks fell Monday, reversing some of last week's sharp gains, led by a renewed selloff in energy shares as oil prices plumbed new lows. The Dow Jones Industrial Average lost 182 points, or ...

U.S. Stocks Extend Losses as Oil Keeps Sliding

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

By Dan Strumpf And Riva Gold U.S. stocks extended their losses Monday, led lower by a deepening selloff in energy shares as oil prices plumbed new lows. The Dow Jones Industrial Average lost 177 points, or 1%, to 17670 in ...

FTC Files Lawsuit Seeking to Block Staples-Office Depot Merger

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

U.S. antitrust enforcers on Monday filed a lawsuit that seeks to block Staples Inc.'s acquisition of rival Office Depot Inc., arguing that a tie-up of the last large national office-supply chains would eliminate important competition. The lawsuit by the Federal ...

Oil Falls to Near Seven-Year Lows

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

NEW YORK?Oil prices dropped to near seven-year lows Monday as investors continued to digest the Organization of the Petroleum Exporting Countries' decision to continue pumping crude at near-record levels into an already oversupplied market. OPEC said at a meeting Friday ...

U.S. Consumer Credit Growth Slows in October

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

By Harriet Torry and Josh Mitchell WASHINGTON-Americans added to their debt at a slower pace in October, suggesting cautious spending on the part of consumers at the start of the holiday season. Outstanding consumer credit, a reflection of all debt ...

Pep Boys Says Icahn Could 'Frustrate' Bridgestone Deal

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

Pep Boys - Manny Moe & Jack said Monday that Carl Icahn's newly unveiled 12.1% stake in the firm could imperil Bridgestone Corp.'s acquisition of the car-parts and repair company. The company said in a statement that Icahn's stake has ...

Vivendi Raises Stake in Gameloft

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

By Inti Landauro PARIS-- Vivendi SA raised its stake in French videogame publisher Gameloft SE to almost 27% as the media group said it may eventually make a takeover bid for the company. The Paris-based group bought shares in Gameloft ...

Oil-Producers' Currencies Slide on OPEC Aftershocks

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

By James Ramage The currencies of oil-producing countries tumbled against the dollar on Monday as crude oil prices continued to fall amid aftershocks from the most recent meeting of the Organization of the Petroleum Exporting Countries. Oil-price declines have pummeled ...

Gold Falls on Stronger Dollar, Fed Rate Increase Expectations

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

By Tatyana Shumsky Gold prices marched lower on Monday as a rebound in the dollar and expectations of tighter monetary policy in the U.S. boosted bearish bets on the precious metal. The most actively traded gold futures contract, for February ...

U.S. Grains, Soybeans Fall as Buying Ceases Before Report

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

By Jesse Newman CHICAGO--U.S. grain and soybean futures dropped Monday as buying stalled ahead of a government crop report due Wednesday. Soybean prices led the declines, retreating from a nearly two-month high posted in the previous session as buyers became ...

U.S. Consumer Credit-Historical -2-

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

Aug 04 2,143.4 6.3 787.0 0.9 1,356.4 5.4 Jul 04 2,137.1 9.1 786.1 6.4 1,351.0 2.7 Jun 04 2,128.0 7.2 779.7 1.6 1,348.3 5.5 May 04 2,120.8 8.1 778.1 2.5 1,342.8 5.6 Apr 04 2,112.7 3.0 775.6 -2.5 1,337.2 5.5 ...

Greek Parliament Approves 2016 Budget, Expects More Austerity Moves

TODAY: Feb. 6, 2016 PUB DATE: Dec. 7, 2015

ATHENS--Greece's parliament early Sunday approved the country's 2016 budget, which projects a flat-lining economy for 2015 and a mild contraction for the next year but foresees billions in fresh austerity measures. In a vote after a five-day debate in Greece's ...