NEW YORK (AP) — Stocks are slumping to a third straight loss as investors fret over poor economic news. Airline stocks sank over worries that the first diagnosis of Ebola in the U.S. would cause people to curtail travel plans. The Dow dropped 238 points, or 1.4 percent, to close at 16,804. The S&P 500 fell 26 points, or 1.3 percent, to 1,946. The Nasdaq lost 71 points, or 1.6 percent, to 4,422.
NEW YORK (AP) — Oil is at its lowest price since April 2013 on concerns that a weakening global economy will lead to lower oil demand. Benchmark U.S. crude fell 43 cents to close at $90.73 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils used by many U.S. refineries, fell 51 cents to close at $94.16 on the ICE Futures exchange in London.
NEW YORK (AP) — The drilling services company Baker Hughes is implementing a policy of disclosing all of the chemicals it uses in its fracking operations. Environmental groups and local communities have for years been pushing for full disclosure of the chemicals used in hydraulic fracturing, a drilling technique also known as fracking.
CHARLOTTE, N.C. (AP) — Bank of America Chief Executive Brian Moynihan has been named chairman, effective immediately. The Charlotte, North Carolina-based lender says its board of directors elected Moynihan to succeed Charles “Chad” Holiday Jr. Moynihan has been CEO since January 2010. He has steered the bank through its recovery from the 2008 financial crisis.
NEW YORK (AP) — The NFL is extending its contract with satellite provider DirecTV to carry the “Sunday Ticket” package, which allows viewers to watch out-of-market games. The multiyear deal announced today expands DirecTV’s rights to stream the package live on mobile devices and online. Terms of the agreement were not disclosed.
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