NEW YORK Oil prices hit $50 a barrel on Thursday for the first time in seven months, then bounced below that level and settled lower on the day as investors worried robust price gains could encourage more output and add to the global glut.
Viacom's board is trying to arrange a face-to-face meeting with former chairman and controlling stake owner Sumner Redstone following the 92-year-old media mogul's decision to rework his trust and other business arrangements.
Wells Fargo WFC 0.10 % & Co. is rolling out a new mortgage for borrowers making minimal down payments, an offering that could allow the bank to step back significantly from a controversial Federal Housing Administration program.
FRANKFURT -- Bayer AG said it remained committed to its pursuit of Monsanto Co., but the U.S. seed-and-pesticide giant's rejection of its $62 billion takeover offer may leave little room for maneuver.
Despite a cool market for initial public offerings, San Francisco communications company Twilio Inc. is taking the plunge. The company on Thursday disclosed that it had filed for an initial public offering.