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Viacom Reports Weak Earnings, and New Leader Mounts Combative Defense
Viacom's top executive came out fighting on Tuesday, defending his recent promotion to the post of executive chairman. But the company's most recent quarterly results, as well as several bleak analyst forecasts, undermined his arguments, and sent ...
Viacom CEO Defends Self in Testy Exchange on 1Q Results  ABC News
Viacom's Dauman, Under Fire, Blames 'Naysayers' For Stock's ...  Forbes
Fortune  
Yellen faces tough sell on Fed rate hikes in Congress
WASHINGTON/SAN FRANCISCO Federal Reserve Chair Janet Yellen will defend the U.S. central bank's first rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress on ...
The World vs. Janet Yellen  Wall Street Journal (blog)
Stocks end mostly flat in choppy trade; Yellen eyed  CNBC
More Americans quitting jobs as labor market strengthens
WASHINGTON U.S. job openings surged in December and the number of Americans voluntarily quitting work hit a nine-year high, pointing to labor market strength despite a slowdown in economic growth.
A Stronger Jobs Outlook at Builders and Factories Alleviates U.S. Recession ...  Bloomberg
America has near record 5.6 million job openings  CNNMoney
Negative Interest Rates for Savers?
The grandmas are getting restless -- along with all investors who would like to stash some money on the sidelines for safety, but suddenly realize that cash earns no interest!
The yen has crossed a critical 'line in the sand'  MarketWatch
Nikkei Takes 5% Hit, Negative Rates Fast Becoming a Cautionary Tale  DailyFX
Tension rises in bank-to-bank lending but far off crisis peaks
... * Interbank market stress spikes after years of calm. * Some in markets draw parallels with run-up to 2008 crisis. * Stress indicators far below 2008 and 2011 crisis levels.
European Stocks Retreat to Lowest Since 2013 as Banks Tumble  Bloomberg
European stocks slammed to lowest since 2013 as banks slump  MarketWatch
Stocks stay turbulent as oil dives below $28
The Dow closed with a loss of 13 points, but that masks wild swings throughout the day. The index opened down 146 points before rebounding and trading up 110 points at its peak.
Options Bears Circle Nasdaq As Stocks Flirt With Bear Market  Investor's Business Daily
Stocks Seeing Moderate Weakness Amid Choppy Trading - U.S. Commentary  Nasdaq
Oil slumps 7 percent ahead on expected US crude build, slowdown fear
NEW YORK Oil prices fell 7 percent on Tuesday as equity markets remained weak, forecasts called for record high U.S. crude stockpiles to grow more, and the latest global energy demand outlooks did not look strong enough to eliminate the swelling glut.
Stocks Fluctuate as Broad Gains Outweigh Energy Losses  TheStreet.com
Cheap oil for longer may trigger a new era of OPEC dominance, warns IEA  MarketWatch
Stan Kroenke, Rams Owner, Buys $725 Million Texas Ranch
Prominent sports owner and billionaire Stan Kroenke, who just moved the Rams to Los Angeles, will purchase the W.T. Waggoner Estate Ranch in Texas, which is listed at a whopping $725 million.
Fabled WT Waggoner Texas ranch is selling to sports team owner with Dallas ties  Dallas Morning News (blog)
Owner of NFL's Rams buying the Waggoner Ranch  Fort Worth Star Telegram
Don't look now: $1 gas may be close
Gasoline prices may soon dip below $1 per gallon at some stations in the Midwest, putting the price of unleaded fuel in the same category as a pack of gum or a bag of pretzels from the vending machine.
Are we returning to the days of 99 cent gas?  CBS News
Michigan gas prices at 12-year low, may dip to 99 cents  Detroit Free Press
Coke profit up on more purchases, smaller cans
Want more news? Sign up for free newsletters to get more of the AJC delivered to your inbox. Despite a continued slump by Diet Coke in North America, Coca-Cola's biggest business - sodas - ended the year in positive territory.
As US Soda Sales Fizzle, Coca-Cola And PepsiCo Target Developing Nations  Forbes
Global volume up for Coke, though Diet Coke fizzles  Washington Post