U.S. Stocks Halt Slide Amid Oil Rally
New York — U.S. stocks halted a five-day slide that dragged global equities into a bear market, as oil rebounded with its best day in seven years and bank shares jumped the most since 2011. Treasuries had the biggest drop of the year. The Standard & Poor’s 500 index’s rally trimmed its loss for the week to less than 1 percent amid data showing higher retail sales. Lenders rallied 4 percent after JPMorgan Chase & Co.’s Jamie...
S&P 500 Trims Monthly Advance
New York — The Standard & Poor’s 500 Index pared its best monthly gain since February after disappointing results from Exxon Mobil and Chevron Corp. Energy shares fell the most since January as Exxon and Chevron slumped at least 4.5 percent. LinkedIn tumbled 10 percent amid concerns growth is slowing in its main business. Amgen rallied 2.9 percent and Expedia jumped 13 percent on better-than-estimated earnings. Coca-Cola...
FCC Chairman: Opposition to Net Neutrality Is About Power
Washington — The nation’s biggest broadband providers oppose tough net neutrality regulations because they want “unfettered power” over the Internet, the head of the Federal Communications Commission said Friday. FCC Chairman Tom Wheeler said the “avalanche of arguments” against regulations designed to ensure the free flow of online traffic showed that the indusry’s major firms had ulterior motives. “We should conclude that the...
