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U.S. markets news

US crude prices jump 4 percent from 12-year lows, but outlook still bleak
SINGAPORE U.S. crude prices bounced away from 12-year lows early on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist.
WTI Crude Falls to 12-Year Low at $26.14 per Barrel  Bloomberg
More Cuts Loom for Oil Companies as Crude Prices Near $25  Nasdaq
Barron's (blog)  
Why Are Stocks Crashing?
2016-02-12T003009Z_3_LYNXNPEC1A14G_RTROPTP_3_INDIA-STOCKS A man looks at a screen displaying news of markets update inside the Bombay Stock Exchange (BSE) building in Mumbai, India, February 11, 2016.
What's behind the global stock market selloff?  FTC Publications
US markets dive amid global selloff  Daily American Online
Japan's Stocks Slump After Holiday as Yen Soars Amid Global Rout
Stocks fell in Tokyo, with the Topix index headed for its biggest weekly loss since 2008, as global equities plunged into a bear market and the yen rose to its highest level in 15 months.
Japan government official says recent yen moves 'rough'  Reuters
Asia shares fall, Nikkei tumbles more than 4%  CNBC
UPDATE 3-SocGen shares slide after cautious 2016 outlook
... * SocGen says fourth quarter net income at 656 mln euros. * Says sets aside 400 mln for litigation provisions. * Posts 2015 ROE of 7.9 pct, 2016 target not confirmed.
Dow cuts losses but closes down for fifth straight day  USA TODAY
SocGen Signals It May Miss Profitability Target, Shares Drop  Bloomberg
CBS Exceeds Revenue Expectations Amid Cord-Cutting Concerns
Nevertheless, CBS shares have been crushed along with the rest of the media conglomerates, and the stock was falling after the closing bell despite solid financial results.
Les Moonves Says He Has “Free Rein” To Run CBS, But Likes “Stability”  Deadline
CBS head says talks for Apple streaming TV have stopped for time being  Apple Insider
Myspace still exists? Yes, and now Time Inc. owns it
Myspace still exists? It does, and the company that owns the once-ubiquitous social network is being bought by Time Inc. to help the magazine publisher target ads.
Time Inc. now owns MySpace, more or less by accident  The Verge
Time Inc. Acquires Myspace Parent Company Viant  Fast Company
UPDATE 1-California utility 'temporarily controls' leaking gas flow
(Adds details on plan, background). Feb 11 Southern California Gas Co said on Thursday it has temporarily controlled the flow of natural gas spewing from a ruptured underground pipeline that forced the relocation of thousands of residents of a Los ...
Massive gas leak near Los Angeles plugged after 16 weeks  FuelFix (blog)
Porter Ranch-area gas leak may end within days  Los Angeles Times
U.K. Employers Required to Publish Gender Gap in Pay and Bonuses
U.K. companies will be legally required to publish how many male and female staff they have in each pay range as part of a drive to eliminate the gender gap.
UK Companies Won't Be Forced To Publish Gender Pay Gap Data Until 2018  BuzzFeed News
Has the gender pay gap decreased – or is that just what we'd like to ...  Christian Science Monitor
Boeing Shares Fall on Accounting Probe Report -- 2nd Update
Boeing Co. shares fell sharply Thursday as fresh concerns about the company's accounting method for its jetliners added to investor anxiety about the outlook for the commercial-aircraft market.
Boeing said to face SEC probe into Dreamliner and 747 accounting  Chicago Tribune
Boeing stock plunges on report of SEC accounting probe  Chicago Sun-Times
Morgan Stanley to pay $3.2 billion to settle financial crisis-era charges
WASHINGTON Morgan Stanley (MS.N) will pay about $3.2 billion to settle charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, federal and state officials said Thursday.
Business Highlights  ABC News
Morgan Stanley agrees to $3.2 billion settlement for selling risky mortgages  Washington Post