• A man scratches his head as he looks at an electronic stock board showing Japan's Nikkei 225 in Yokohama, near Tokyo, Wednesday, Feb. 10, 2016. Asian stock markets fell for a third consecutive day Wednesday, beset by nerves about shaky global growth, falling oil prices and possible capital shortfalls at major European banks. (AP Photo/Eugene Hoshiko)

    The Latest: European markets solid as focus turns to Fed

    LONDON (AP) — The latest on the turmoil global financial markets (all times local):

  • This combination of file photos shows logos for IBM, Macy's, Chevron and Starwood Hotels and Resorts group's W Hotel Hollywood. Big companies have lost billions buying their own shares. Nearly half the companies in the Standard and Poor’s 500 index paid more for their shares in the past three years than they are worth, according to analysis by The Associated Press. Retailer Macy’s is down $1.4 billion on its purchases, a 24 percent loss. As the price of oil plunged, driller Chevron lost $3.3 billion betting on its stock, a 33 percent loss. Starwood Hotels & Resorts Worldwide has lost hundreds of millions on buybacks, more than a fifth of what it spent. IBM has the biggest losses from buybacks, down $5.5 billion. (AP Photo)

    Companies lose billions buying back their own stock

    NEW YORK (AP) — If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what’s going on inside businesses than anyone else: Companies that buy their own shares.

  • Money traders work in front of the computer terminal at a foreign exchange brokerage in Tokyo, Tuesday, Feb. 9, 2016. Asian markets tumbled Tuesday as renewed jitters about the global economy set off a wave of selling in banking stocks. The dollar fell to 114.90 yen from 115.58 yen. (AP Photo/Shizuo Kambayashi)

    Japanese stock slide leads global markets lower

    NEW YORK (AP) — Stocks are opening modestly lower in the U.S., led by declines in energy companies and banks.

  • A man looks at screens displaying financial information at the Stock Exchange in Madrid, Spain, Tuesday, Feb. 9, 2016. Renewed jitters about the global economy set off a wave of selling in banking stocks after Asian markets tumbled Tuesday, led by a 5.4 percent slide in Tokyo. The stock index in Spain was off roughly 4 percent, while Italy's lost about 5 percent and Greece's index sank about 8 percent. Stock markets have been slump so far this year after a lackluster 2015. (AP Photo/Francisco Seco)

    The Latest: Relief as European markets eke out gains

    LONDON (AP) — The latest on the turmoil afflicting global financial markets (all times local):

  • In this March 29, 2014 file photo, two women with Japanese traditional clothing or kimonos stroll to see cherry blossoms at Sumida Park near the Tokyo Skytree skyscraper in the background in Tokyo. Japan is gearing up for the 2020 Tokyo Olympics with gusto, investing in everything from stadiums to electric cars, and expecting an economic bonanza from a construction frenzy and an influx of visitors. (AP Photo/Eugene Hoshiko, File)

    Japan worried about 2020 problem, or life after the Olympics

    TOKYO (AP) — Japan is gearing up for the 2020 Tokyo Olympics with gusto, investing in everything from stadiums to electric cars, and expecting an economic bonanza from a construction frenzy and an influx of visitors.

  • American flags fly at the New York Stock Exchange on Wall Street,  July 6, 2015.  World stock markets were uneven Friday, Feb. 5, 2016, as investors awaited U.S. job numbers that could influence how much the Fed raises interest rates this year. Japanese shares sagged on the strengthening yen. (AP Photo/Mark Lennihan)

    Global stocks mostly fall amid economy jitters

    LONDON (AP) — Worries over the global economy weighed heavily on stock markets Monday, with Europe bearing the brunt of the selling. And oil prices fell further, with the benchmark New York rate below $30 a barrel again.

  • American flags fly at the New York Stock Exchange on Wall Street,  July 6, 2015.  World stock markets were uneven Friday, Feb. 5, 2016, as investors awaited U.S. job numbers that could influence how much the Fed raises interest rates this year. Japanese shares sagged on the strengthening yen. (AP Photo/Mark Lennihan)

    Asia stocks flat as investors fret over global economy

    TOKYO (AP) — Asian stock markets were little changed Monday in thin holiday trading as investors fretted about a global economic slowdown after data showed U.S. employers added fewer jobs last month.

  • American flags fly at the New York Stock Exchange on Wall Street,  July 6, 2015.  World stock markets were uneven Friday, Feb. 5, 2016, as investors awaited U.S. job numbers that could influence how much the Fed raises interest rates this year. Japanese shares sagged on the strengthening yen. (AP Photo/Mark Lennihan)

    Stocks edge lower in early trading following jobs report

    NEW YORK (AP) — Stocks posted steep losses Friday, ending the week with broad declines, as investors fretted over a report showing that U.S. job creation slowed last month.

  • In this Thursday, Feb. 4, 2016, file photo, a lawyer waves his tie as others shout shout slogans during a 24-hour nationwide general strike in Athens. Combine a rapidly aging population, a depleted work force and leaky finances and any country’s pension system would be in trouble. For debt-hobbled, unemployment-plagued Greece, it’s a nightmare.(AP Photo/Petros Giannakouris)

    Why pensions are the new flashpoint in Greece’s crisis

    ATHENS, Greece (AP) — Combine a rapidly aging population, a depleted work force and leaky finances and any country’s pension system would be in trouble. For debt-hobbled, unemployment-plagued Greece, it’s a nightmare.

  • American flags fly at the New York Stock Exchange on Wall Street,  July 6, 2015.  World stock markets were uneven Friday, Feb. 5, 2016, as investors awaited U.S. job numbers that could influence how much the Fed raises interest rates this year. Japanese shares sagged on the strengthening yen. (AP Photo/Mark Lennihan)

    Asian stocks directionless ahead of US jobless report

    NEW YORK (AP) — The stock market opened slightly lower after the government reported only modest job growth last month.