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NEW YORK (AP) — Falling oil prices pushed U.S. stocks down broadly today, extending losses into a second week. European stocks also fell, and the Russian ruble plunged to a record low against the dollar as the continuing collapse in the price of oil reverberated through global financial markets.
The Standard & Poor's 500 fell 12.70 points, or 0.6 percent, to 1,989.63. All 10 industry sectors in the index dropped. The losses followed a 3.5 percent drop in the S&P 500 last week, its biggest decline since May 2012.
WASHINGTON — The Commerce Department will release November housing starts tomorrow morning. That's also when Federal Reserve policymakers begin a two-day meeting in Washington to set interest rates.
WASHINGTON (AP) — A lawyer for Sony Pictures Entertainment is warning news organizations not to publish details of company files leaked by hackers in one of the largest digital breaches ever against an American company. Sony's "stolen information" is publicly available on the Internet, but attorney David Boies (boys) is demanding it be returned or destroyed immediately. Boies said the studio could sue for damages or financial losses related to Sony's intellectual property or trade secrets.
NEW YORK (AP) — A federal appeals panel is trying to decide whether Apple Inc. or Amazon.com Inc. was the bigger bully when price wars over electronic books heated up a few years ago. After hearing oral arguments today, a three-judge panel in Manhattan did not immediately rule on Apple's appeal of a lower-court judge's finding that it violated antitrust laws by colluding with e-book publishers to raise prices and upset Amazon's control of prices when it entered the market in 2010.
CEDAR RAPIDS, Iowa (AP) — A food supplier and its executives will contest criminal charges alleging they falsely marketed beef products to Muslims around the world as meeting strict halal standards. Midamar Corp. and two of the company's directors pleaded not guilty Monday to a 92-count indictment alleging they conspired to make and use false statements and documents, sell misbranded meat and commit mail and wire fraud.
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