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UNDATED (AP) — It's a turbulent ride for stock market investors this year. Stocks plunged today, bringing the S&P 500 down 10 percent from its November peak. The last time the market had a plunge that big, known as a "correction" was last August. The S&P lost 48 points, or 2.5 percent today. The Dow sank nearly 365 points, or 2.2 percent. The Nasdaq dropped nearly 160 points, or 3.4 percent.
UNDATED (AP) — Oil futures are up today. Benchmark U.S. crude edged up 4 cents to close at $30.48 a barrel in New York. But U..S. crude is down 18 percent so far this year. Brent crude, a benchmark for international oils, fell 57 cents, or 1.8 percent, to $30.31 a barrel in London.
HARTFORD, Conn. (AP) — General Electric is moving its global headquarters from Connecticut to Boston. GE's chairman and CEO says the Boston area has a diverse, technologically fluent workforce that fits with its aspirations. Several states tried to lure the company from Fairfield since GE announced in June that it was unhappy about legislative tax proposals and thinking about a move.
NEW YORK (AP) — Wearable camera maker GoPro says it will eliminate about 100 jobs after its fourth-quarter sales fell far short of its expectations. GoPro says fourth-quarter revenue was $435 million instead of the $500 million to $550 million it forecast in October. The San Mateo, California, company had around 1,500 employees at the end of 2015.
OMAHA, Neb. (AP) — CSX railroad's chief executive doesn't think railroad mergers — like the one Canadian Pacific has proposed with Norfolk Southern — should be pursued. CEO Michael Ward says he doesn't think they make much sense Ward says major railroads already have plenty of room to improve and expand capacity without a merger.
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