Specialist Vincent Surace works on the floor of the New York Stock Exchange Friday, Jan. 24, 2014.
Jason DeCrow/AP

Business Latest: US stocks slammed

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US STOCKS SLAMMED; DOW FALLS 300-PLUS POINTS IN WORST WEEK SINCE 2012: Read more

WHAT’S WRONG WITH DAVOS: Here’s the real reason that having all the key people in a Swiss ski town doesn’t do anything about the key issues facing humanity. The worst thing about Davos isn’t really the obvious coziness of wealth, influence and state authority. It’s that they’re so wrapped up in the mythology the lionizes their personal qualities as “thought leaders” that they’ve mistaken being the primary beneficiaries of global prosperity and government stability with being the sources of these great accomplishments of humanity. Read more

PUERTO RICAN DEBT: Investors are closely watching Puerto Rico’s debt situation, and with good reason: The high-yielding investment is widely held in the United States. Read more

HONG KONG BILLIONAIRE TO DOUBLE DOWRY FOR GAY DAUGHER: The Hong Kong business tycoon that offered 500 million Hong Kong dollars ($64 million) to any man that could win the love of his lesbian daughter two years ago is now considering doubling the “marriage bounty” to find a suitor. Read more

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Business Latest: US stocks slammed

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