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Stocks end a bumpy day slightly lower
U.S. stocks extended their three-day losing streak Tuesday, closing slightly lower after spending most of the day wavering between gains and losses. Energy companies led the decline as the price of U.S. crude oil sank nearly 6 percent. It’s now at about $28 a barrel. The market’s bumpy ride fo...
By Alex Veiga The Associated Press FULL STORY
Companies lose billions buying back their stock
NEW YORK — If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what’s going on inside businesses than anyone else: Companies that buy their own shares. The companies losing money on these bets are d...
By Bernard Condon The Associated Press FULL STORY
Energy agency says gasoline will average under $2 in 2016
For the first time since 2004, U.S. drivers are expected to pay an average of less than $2 a gallon for gasoline, the government said Tuesday. They can thank the huge glut of oil around the globe. The U.S. Energy Information Administration said in its monthly short-term energy outlook that regul...
The Associated Press FULL STORY
Viacom CEO defends self in testy exchange on 1Q results
LOS ANGELES — Viacom Inc. CEO Philippe Dauman defended himself in a testy exchange with analysts during a quarterly earnings conference call Tuesday after the media company behind MTV and Paramount Pictures missed revenue expectations for the fifth quarter in a row. The call occurred as 92-year-o...
The Associated Press FULL STORY
Duff unveils bill allowing Tesla to sell cars to consumers
HARTFORD, Conn. — The majority leader of the Connecticut Senate announced Tuesday he’s resurrecting legislation that would allow Tesla Motors and other electric vehicle manufacturers to sell cars directly to consumers. Sen. Bob Duff said allowing customers to buy electric cars without leaving t...
The Associated Press FULL STORY
In Tech: Google ads, Verizon video, domain leadership
Google is helping to promote the fight against extremism through its own digital advertising network. Anti-extremist ads partially financed by Google recently began appearing in the U.K. as part of a program that helps nonprofit organizations highlight their causes when people enter certain words i...
The Associated Press FULL STORY
Obama seeks cybersecurity boost to replace ‘ancient’ tech
WASHINGTON — The federal government is relying on archaic computers systems to protect reams of critical data from cyberattacks, President Barack Obama warned Tuesday as he announced a new, centralized effort to boost cybersecurity. Obama, asking Congress for $3.1 billion for cybersecurity, said ...
The Associated Press FULL STORY

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