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Business

  • OPEC seen unlikely to cut output despite oil glut
    VIENNA (AP) — OPEC oil ministers meeting in Vienna today are in a bind. Prices are plunging — and in the short term, the cartel may not be able to do much about it.
  • Toyota recalls more cars for air bag problems
    TOKYO (AP) — Toyota Motor Corp. recalled more than 40,000 vehicles in Japan today as part of a worldwide scare over defective air bags and officials are investigating a new type of air bag problem that could lead to further recalls.
  • Obama's immigration move disappoints businesses
    WASHINGTON (AP) — President Barack Obama's executive actions on immigration left out some of the business community's top priorities, disappointing business leaders who might have stepped up to defend his policies in the face of Republican
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Week Ahead

Today

•U.S. stock and bond markets are closed for the Martin Luther King Jr. Day federal holiday.

Tuesday

•National Association of Realtors report on existing-home sales for December.

•House Ways and Means Committee conducts hearing on the debt limit.

Thursday

•Labor Department releases weekly jobless claims.

•Freddie Mac, the mortgage company, releases weekly mortgage rates.

•Conference Board reports on leading indicators for December

Friday

•Commerce Department reports on new-home sales for December.

•Germany’s Ifo Institute releases its monthly index of business confidence, a closely watched indicator for Europe’s biggest economy.

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