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TOKYO (AP) — International stock markets were mostly lower today following North Korea's launch of missiles into seas near Japan, although Chinese share benchmarks rose on optimism about the economic outlook. Futures point to a downward drift this morning on Wall Street. Benchmark U.S. crude oil fell below $53 a barrel. The dollar fell against the yen and the euro.
WASHINGTON (AP) — The Commerce Department today will release its report on factory orders for January. On Tuesday, the Commerce Department will release international trade data for January. Also on Tuesday, the Federal Reserve will report January's consumer credit data.
PARIS (AP) — General Motors is selling its loss-making European car business, including Germany's Opel and British brand Vauxhall, to France's PSA group in a deal that realigns the industry in the region. With the 2.2 billion euro ($2.33 billion) deal announced today, GM is giving up a foothold in the world's third-largest auto market, where it has not made a profit in 18 years despite multiple turnaround efforts. The deal will turn PSA into Europe's No. 2 automaker after Volkswagen, making 5 million cars a year.
HOUSTON (AP) — A newspaper investigation finds potential cybersecurity troubles in the energy sector. The investigation by the Houston Chronicle finds that oil and gas companies, including some of the most celebrated industry names in the Houston area, are facing increasingly sophisticated hackers seeking to steal trade secrets and disrupt operations. The newspaper reports that Homeland Security, which is responsible for protecting the nation from cybercrime, received reports of some 350 incidents from 2011 to 2015. The agency found nearly 900 security flaws, more than any other industry.
NEW YORK (AP) — European banking giant Deutsche Bank announced plans to raise at least $8.5 billion in capital and sell off a stake in its asset management business, in a move to help shore up the troubled German firm. Deutsche Bank will issue 687.5 million new shares later this month in an effort to take advantage of the recent run up in the bank's stock price. As part of the restructuring, Deutsche said it will take a part of its asset management business public. The bank will also abandon its plans to sell Postbank. Deutsche Bank, one of the Europe's largest financial firms, has struggled to maintain profitability.
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