International stock markets were mostly lower for a second day today, weighed down by Greece's standoff with creditors that threatens to shake global markets. Futures point to some consolidation on Wall Street after losses yesterday. Benchmark U.S. crude oil fell to just above $52 per barrel. The dollar strengthened against the yen and the euro.
- TOKYO (AP) - Softbank's quarterly profit plunged by two thirds as it struggled with reshaping its money-losing U.S. acquisition Sprint Corp. The Japanese telecommunications and Internet services company reported a 32.28 billion yen ($272 million) profit today. Tokyo-based Softbank Corp. had a 93.8 billion yen profit October-December a year earlier. Quarterly sales rose 18 percent to 2.33 trillion yen ($19.6 billion).
- PARIS (AP) - The International Energy Agency says the price of oil is poised for a "relatively swift" recovery following the recent collapse to under $50 a barrel, but it will not come close to returning to the highs of past years. In a report, the Paris-based organization of 29 major oil-importing nations says the rebound in recent days "will be comparatively limited in scope."
- SEOUL, South Korea (AP) - Some experts are trying to think differently about cybersecurity -- saying it needs a major overhaul and that playing defense is not enough. Their new message is to let the hackers in, then drop a net over them. First they need to convince a conservative business world to gamble on a different approach after generations of defensive systems. But experts say defense only is outmoded and no longer works.