BANGKOK (AP) — International stock markets are following Wall Street down. Weak German trade data is fueling worry Europe is sliding into recession. Futures point to more losses at today’s opening in New York. Benchmark U.S. crude oil dropped more than $1.25 to just under $84.50 per barrel on concerns slowing global economic growth will reduce demand while production stays high. The dollar gained against the yen and the euro.
WASHINGTON (AP) — Finance officials from the world’s largest economies are being urged to prevent the global economy from falling into a “new mediocre” in which growth remains stuck at subpar levels for years to come, trapping millions of people on unemployment rolls. Finance ministers and central bank presidents of the Group of 20 nations, which include traditional economic powers such as the United States, Japan and Germany, and emerging economies such as Russia, China and India, are wrapping up two days of talks today.
NEW YORK (AP) — A mea-culpa from Microsoft. CEO Satya Nadella is apologizing and admitting he was wrong for saying that women don’t need to ask for a raise and should just trust the system to pay them well. Nadella was blasted on Twitter and in blog posts for his comments, which were made yesterday at an event for women in computing. Tech companies hire many more men than women. And beyond the tech industry, women are often paid less than men.
NEW YORK (AP) — Dairy Queen says its payment systems were breached by hackers who may have gained access to customer names, credit and debit card numbers and expiration dates. The chain says nearly 400 stores were affected. It says there’s no evidence Social Security numbers, personal identification numbers or email addresses were accessed during the cyberattack.
NEW YORK (AP) — Security software maker Symantec says it will split itself into two parts to create greater growth opportunities and enhance shareholder value. The maker of Norton antivirus software says one business will be focused on security and the other on information management. Symantec is planning a tax-free spinoff and wants to complete the separation by the end of 2015.
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