Sprint reports 1Q loss
Sprint Corp. (S) on Tuesday reported a fiscal first-quarter loss of $20 million, after reporting a profit in the same period a year earlier. The Overland Park, Kansas-based company said it had a loss of …
MONEY (MSM)
Greek stock market bloodbath as exchange reopens
Greece’s top companies lost billions in market value in a matter of minutes on Monday, when the stock exchange plunged upon reopening after a five-week closure and investors worried over a dramatic new …
Live: Oil slides again; Apple's answer to voicemail; Tesla's support of fuel standards
Join Midday Movers live now for the latest news on the markets, the economy and the biggest stories of the day.
Oil's losing streak at its worst for the year
The price of oil attracted the most attention on Monday morning with WTI and Brent closing in on their lowest price levels for the year.
August has been a tough month for stocks – but don't sweat it
Seasonal stock-market patterns are always worth watching. But this year’s path hasn’t stuck closely to the historical trends.
Former libor ‘ringmaster' hayes gets 14 years for libor rigging
Former UBS Group AG and Citigroup Inc. trader Tom Hayes, the first person to stand trial for manipulating Libor, was sentenced to 14 years in prison after being found guilty of conspiracy to rig the benchmark rate. After a week of deliberations, jurors found that the 35-year-old conspired with traders and brokers to game the London interbank offered rate to benefit his own trading positions. Judge Jeremy Cooke sentenced Hayes
Citigroup under investigation over student-loan servicing
Citigroup Inc. is being investigated over its student-loan servicing practices in a probe that the bank said echoes an enforcement action against at least one other institution. Citigroup, which didn’t disclose which regulatory agency is involved, is cooperating with the probe, the New York-based firm said Monday in a filing. The investigation may result in penalties or having the bank offer restitution to customers, Citigroup said.
Tesla presses its case on fuel standards
PALO ALTO, Calif.—Auto makers have been laying the groundwork to seek relief from U.S. regulators on lofty fuel-economy targets. The Silicon Valley electric-car maker is preparing to make a public case this week for leaving mileage and emissions regulations intact, or making them even more stringent, a Tesla executive said. The company also will fight to keep other auto makers from loosening regulations in California, which has more ambitious targets
US construction spending rose a slight 0.1 percent in June
U.S. construction spending increased in June by the smallest amount in five months as a big drop in nonresidential building activity offset a third straight increase in home building. Construction spending …
US manufacturing growth slows in July
U.S. factories were a little less busy last month. The Institute of Purchasing Managers’ manufacturing index slipped to 52.7 last month from 53.5 in June. Economists had expected the index to remain unchanged. …