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Business

  • Oil prices slide, despite Mideast chaos
    The price of oil fell for the ninth consecutive day Wednesday as global supplies continue to flow despite unrest in the world’s most important oil-producing region.The prolonged drop could lead to lower gasoline prices for U.S.
  • Summer box office suffers
    Hollywood’s summer at the box office isn’t just missing nearly 20 percent of last summer’s revenue. It’s lacking swagger.
  • Biomet’s earnings rebound
    Biomet Inc. on Wednesday reported preliminary fourth-quarter and full-year earnings for fiscal 2014, reflecting the Warsaw orthopedics company’s most profitable performance in years.Biomet reported annual earnings of $36.
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U.S. futures mixed after S&P closes at 5-year high

NEW YORK (AP) — Stock futures are mixed in light volume with markets awaiting the next rush of earnings reports

Dow Jones industrial futures are down 3 points to 13,403. The broader S&P futures have lost 0.40 points to 1,466.70. Nasdaq futures are up a point at 2,738.

Traders appear to be holding their positions a day after the Standard & Poor's 500 Index ended at a five-year peak.

Also Friday, the government reports on the U.S. trade gap for November. The forecast is that the deficit narrowed to $41.3 billion from $42.2 billion in October. Later Friday, the Treasury reports on the federal budget for December.

Wells Fargo on Friday is the first major bank to post earnings, They'll be followed next week by the global financial services company, Morgan Stanley.

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