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U.S. jobless claims up, wage growth starting to push higher

WASHINGTON - The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend pointed to a continuing strengthening of labor market conditions.

Recent Business News

Target appoints Pepsi executive Brian Cornell as CEO

- Target Corp appointed former PepsiCo Inc executive Brian Cornell as CEO and chairman as it tries to regain customer confidence following a devastating data breach that hurt the retailer's earnings and reputation.

8:39am EDT

Soccer World Cup helps DirecTV net more subscribers

- DirecTV , the No.1 U.S. satellite TV provider, reported quarterly revenue above analysts' estimates as the soccer World Cup helped it add subscribers in Latin America and prices increased in the United States.

9:25am EDT

Argentina defaults but investors see eventual deal possible

BUENOS AIRES - Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.

8:36am EDT

ConocoPhillips second-quarter profit slightly higher; output rises

- ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported a quarterly profit that just beat Wall Street expectations, helped by an increase in oil and gas production.

7:52am EDT

European court rules Russia must pay Yukos shareholders 1.9 billion euros

MOSCOW/STRASBOURG - Europe's top human rights court awarded shareholders in Yukos 1.9 billion euros ($2.6 billion) in damages on Thursday, a new blow to Russia days after some of the former oil company's shareholders won $50 billion in The Hague.

9:28am EDT

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