On the 25th anniversary of the 1987 stock-market crash, traders are once again trying to find something to believe in. While oil toils and precious metals falter the heating oil-gasoline spread continues to rock.
Facebook Inc. fell to a record low after Morgan Stanley, a lead underwriter of the company’s initial public offering, cut its price forecast on concern that the social network is struggling to reach mobile users with ads.
Motorola’s next phone, set to be unveiled at a Verizon event this week, is said to have an edge-to-edge screen. A conference is scheduled for Wednesday and the phone is expected to be available later this year.