U.S. stocks opened lower Friday as global markets continued to digest a slowing Chinese economy. Oil prices also slid, now at the longest weekly losing streak since 1986. Some experts believe they could fall more, perhaps to $30 a barrel. The Wall Street Journal reports that analysts at Citigroup (C) think more job losses in the oil industry will come as well. Love Cinnabon? Soon you can have it delivered to your door. Parent company Focus Brands, which also owns Auntie Annies, McAllister’s Deli, Schlotsky’s, and Carvel Ice Cream, will work with Postmates, an app and web platform on delivery. Deere (DE) profit fell 40 percent on lower sales of farm equipment as farm commodity prices have fallen. Fresh Market (TFM) offered a lower outlook for the year. Symantec (SYMC) was upgraded at Morgan Stanley.
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