Business Highlights
MINNEAPOLIS (AP) — Target reported a 43 percent drop in fourth-quarter profit and weak store sales overshadowed an improving online performance.
BARCELONA, Spain (AP) — The CEO of Netflix says co-workers of his were personally affected by U.S. President Donald Trump's ban on travel from several Muslim countries.
Energy companies fell as crude oil prices edged lower.
Investors were focused on an evening speech by President Donald Trump to Congress in hopes of gleaning more details on the timing of tax cuts and other policies.
SEOUL, South Korea (AP) — South Korean special prosecutors have indicted Samsung's de facto chief on bribery, embezzlement and other charges linked to a political scandal that has toppled President Park Geun-hye.
The Commerce Department says that the gross domestic product, the broadest measure of economic health, increased at an annual rate of 1.9 percent in the October-December quarter.
WASHINGTON (AP) — U.S. banks' earnings in the final quarter of 2016 rose 7.7 percent from a year earlier as lending continued to grow and banks set aside less for losses on loans for the first time since late 2015.
Fidelity said it will cut its commission for retail brokerage investors trading U.S. stocks and exchange-traded funds online by more than a third to $4.95 from $7.95.
BRUSSELS (AP) — A European Parliament panel chastised European authorities and automakers on Tuesday for failing to ensure that laws on diesel emissions were upheld, and called for much-improved oversight in the future.
In other energy trading, wholesale gasoline shed 2 cents to $1.51 a gallon, while heating oil slid 2 cents to $1.62 a gallon.