UNDATED (AP) — Stocks are closing out a turbulent week with another loss, giving the market its worst week since May 2012. The Dow Jones industrial average lost 115 points, or 0.7 percent, to 16,544 today. The S&P 500 fell 22 points, or 1.2 percent, to 1,906. The Nasdaq fell 102 points, or 2.3 percent, to 4,276.
UNDATED (AP) — The price of oil is holding steady but remains down 4 percent for the week on plentiful global supplies and weak demand. U.S. crude rose 5 cents to close at $85.82 a barrel today in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, rose 16 cents to close at $90.21 a barrel in London.
WASHINGTON (AP) — Finance ministers from the world’s largest economies say they are determined to prevent a slide into another global recession. They’re unveiling plans for a global initiative to build roads and other infrastructure projects to help boost world growth by $2 trillion over the next five years and create millions of jobs.
BALTIMORE (AP) — The U.S. Equal Employment Opportunity Commission is charging that FedEx discriminated against deaf and partially deaf workers and job applicants for years. A lawsuit says FedEx Ground employed a significant number of deaf package handlers nationwide but failed to provide needed accommodations. The suit arose from 19 discrimination charges filed nationwide.
NEW YORK (AP) — Standard & Poor’s Rating Services is lowering its outlook on the credit of France to negative from stable, saying the country’s economic picture is dimming. The firm says the French economy may have trouble recovering because the government may not be able to implement reforms that will lead to growth. S&P is maintaining an ‘AA’ rating on the French economy.
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