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  • Asian stocks mixed after Wall Street slide

    FILE - In this Oct. 2, 2014 file photo, people pass a Wall Street subway stop, in New York's Financial District. U.S. stocks are opening moderately lower Tuesday, Dec. 16, 2014, as the price of oil continues to drop. (AP Photo/Richard Drew, File)BEIJING (AP) ? Asian stocks were mixed Wednesday after Wall Street slid and oil prices tumbled while investors waited for a U.S. Federal Reserve statement on monetary policy.

  • Asian markets up ahead of Fed meeting

    Pedestrians look at a share prices board in Tokyo on December 15, 2014Asian markets edged up Wednesday on bargain-hunting, although gains were limited following more losses on Wall Street, while investors await the outcome of a Federal Reserve policy meeting. Oil prices extended their losses to fresh five-and-a-half-year lows, while the dollar dipped against the yen ahead of the Fed get-together, which is being closely watched for an idea about its plans for interest rates. Global markets have been in turmoil this week owing to concerns about the effects of plunging oil prices on energy firms as well as the Russian economy, which is also straining under the weight of Western sanctions. US benchmark West Texas Intermediate for January delivery fell 56 cents to $55.37 while Brent crude for February was down 19 cents to $59.82.

  • GE sees 2015 profit pressured by 'sluggish' oil business

    The General Electric logo is seen in a Sears store in SchaumburgNEW YORK (Reuters) - General Electric Co gave a 2015 profit forecast range on Tuesday that barely included Wall Street's target as the U.S. conglomerate braced for a "sluggish" oil and gas sector due to plunging crude prices.

  • Top Democrat says regional banks key to Wall Street win on derivatives

    A Citibank sign on bank branch in midtown Manhattan in New YorkBy Amanda Becker and Emily Stephenson WASHINGTON (Reuters) - A top Democrat in the U.S. House of Representatives on Tuesday said unpopular Wall Street banks got a long-sought rollback to Dodd-Frank reforms through Congress last week partly by leveraging the influence of smaller banks that hold greater sway with lawmakers. "They have been working for a long time, trying different strategies on it," California Representative Maxine Waters said in an interview. "The big banks are in trouble with most legislators... so they put the regional banks in front of them in order to gain more support. ...

  • How the Dow Jones industrial average did Tuesday
Quote of the Day

In order to succeed you must fail so that you know what not to do the next time.- Anthony J. D'Angelo

Today's Word

cat's cradle

1. A children's game in which a string is wrapped around one player's hands in complex symmetrical patterns and transferred to another player's hands to form a different pattern. 2. Something elaborate or intricate, especially when without an apparent purpose.

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