Posted: Dec 31, 2013 4:32 AM
Updated: Dec 31, 2013 4:32 AM
NEW YORK (AP) No matter what happens today, it has been pretty much a banner year for Wall Street investors. The S&P 500 is up 29.1 percent so far, on pace for its best year since 1997. The Dow is up 26 percent, the most since 1996. Futures point to modest gains at this morning's opening.
TOKYO (AP) International stock markets were mixed today in thin pre-holiday trading, with early gains in some markets succumbing to selling pressure as roller-coaster 2013 wound to a close. French and British markets scheduled half-day trading while Germany's DAX was closed for the holiday. The dollar gained against the euro and was essentially unchanged against the yen. Benchmark crude oil fell below $100 per barrel.
NEW YORK (AP) A Washington lawyer monitoring Apple Inc. compliance with antitrust laws after a judge found it conspired with publishers to raise electronic book prices says the company is obstructing his work. Attorney Michael Bromwich said in a document filed in Manhattan federal court that he's been largely cut off from top executives at Apple, which argued earlier this month that his investigation was interfering with its business operations.
SEATTLE (AP) Boeing Co. told political leaders in Washington state that this week's vote by Machinists will determine the fate of some jobs on the new 777X airplane. Local political leaders say Boeing executive Ray Conner told them that an accepted contract will ensure that work on the airplane's wing stays in the Puget Sound, but a vote to reject the deal will ensure the jobs go elsewhere.
OMAHA, Neb. (AP) Warren Buffett's company has agreed to trade roughly $1.4 billion of its stock in Phillips 66 for one of the refiner's chemical businesses. Houston-based Phillips 66 says Berkshire Hathaway will give up about 19 million of its 27.2 million Phillips 66 shares to acquire a business that makes additives that help crude oil flow through pipelines.