Jitters over the global economy and a steep drop in crude oil knocked U.S. stocks lower for the fourth day in a row Thursday. The drop in the U.S.
Two billionaire investors who have been agitating for the breakup of American International Group have gotten seats at the table of the giant insurer.
... * FTSEurofirst 300 down 3.7 pct at close. * Societe Generale slumps 12.6 pct after results. * Swedish banks hit by rate cut, further in negative.
A blowout at a natural gas well that gushed uncontrollably for 16 weeks and drove thousands of residents from their Los Angeles homes was plugged Thursday, a utility said.
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.