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Business

  • Oil prices slide, despite Mideast chaos
    The price of oil fell for the ninth consecutive day Wednesday as global supplies continue to flow despite unrest in the world’s most important oil-producing region.The prolonged drop could lead to lower gasoline prices for U.S.
  • Summer box office suffers
    Hollywood’s summer at the box office isn’t just missing nearly 20 percent of last summer’s revenue. It’s lacking swagger.
  • Biomet’s earnings rebound
    Biomet Inc. on Wednesday reported preliminary fourth-quarter and full-year earnings for fiscal 2014, reflecting the Warsaw orthopedics company’s most profitable performance in years.Biomet reported annual earnings of $36.
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Week Ahead

Today

•U.S. stock and bond markets are closed for Martin Luther King, Jr. Day

Tuesday

•World Economic Forum leaders’ expectations for the annual Davos gathering

•Johnson & Johnson reports quarterly financial results before the market opens

Wednesday

•First day of World Economic Forum in Davos

Thursday

•Labor Department releases weekly jobless claims

•Conference Board releases leading indicators for December

•National Association of Realtors releases existing home sales for December

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