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UNDATED (AP) — Banks are leading a broad slide in U.S. stocks that more than wiped out gains from the day before. Trading was light today ahead of the New Year's Day holiday. The Dow Jones industrial average fell 111 points, or 0.6 percent, to 19,833. The Standard & Poor's 500 index lost 19 points, or 0.8 percent, closing at 2,249. The Nasdaq composite, which set a record high close the day before, slid nearly 49 points, or 0.9 percent, to 5,438.
UNDATED (AP) — Oil prices edged higher today. Benchmark U.S. crude rose 16 cents to close at $54.06 a barrel in New York. It rose 88 cents on Tuesday. Meanwhile, Brent crude, used to price international oils, climbed 13 cents to close at $56.22 a barrel in London. It gained 93 cents the day before.
PALM BEACH, Fla. (AP) — Donald Trump is touting plans by a Japanese mogul to bring 8,000 jobs to the United States. Tech billionaire Masayoshi Son promised to create 50,000 jobs after meeting with the president-elect in December. Son is the founder and chief executive of SoftBank, one of Japan's largest technology outfits. He owns the U.S. mobile carrier Sprint. Son is the founder and chief executive of SoftBank, one of Japan's largest technology outfits.
MEXICO CITY (AP) — Mexican airline Interjet is grounding half its 22 Russian-made Superjet100 planes after doing a mandatory safety inspection. Eleven jets will be out of service while unspecified measures are taken to guarantee their safety and restore them to flight status. Russian authorities issued a safety inspection order issued Dec. 23 after cracks were found in a part of one of the planes.
DOWNEY, Calif. (AP) — Hundreds of people are lining up for refunds at a Southern California market that sold bad masa, a kind of dough, which spoiled traditional Christmas tamales. Some customers reported becoming ill after eating tamales made with masa they bought at Amapola markets. People who couldn't get refunds from an Amapola market in Downey earlier this week lined up when the store reopened today.
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