Sectors
Oil reverses early gains, trades near $57 as supply glut prevails
Brent crude LCOc1 reversed early gains to trade near $57 a barrel on Friday, as the glut of oil that has halved prices since June overshadowed investors repositioning at the start of the year for an eventual recovery.
Draghi drives euro to four and a half year low
The euro took another downward lurch on Friday, sinking to a 4-1/2 year low against the dollar on clear indications that the European Central Bank will soon embark on outright money-printing.
Euro zone no longer obliged to rescue Greece, Merkel ally says
Euro zone politicians are not obliged to rescue Greece as the country is no longer of systemic importance to the single currency bloc, a senior member of German Chancellor Angela Merkel's party was quoted as saying.
Hedge fund manager becomes new majority owner of Coyotes
The Arizona Coyotes have a new majority owner after Philadelphia hedge fund manager Andrew Barroway received approval to buy a 51 percent stake in the National Hockey League franchise.