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Wall St. tumbles; S&P below 50-day moving average

NEW YORK - U.S. stocks slumped in a broad decline on Thursday, with the S&P 500 falling below a key technical level and erasing its gains for the month as concerns mounted over the strength of overseas economies and ongoing tensions with Russia.

Recent Business News

MasterCard profit rises 10 percent as card usage grows

- MasterCard Inc, the world's second-largest debit and credit card company, posted a better-than-expected 10 percent rise in quarterly profit, as more customers used its cards to make purchases.

8:21am EDT

Weak demand for video services weighs on Time Warner Cable

- Time Warner Cable Inc, the second-largest U.S. cable operator, lost more video subscribers in the second quarter compared with the previous quarter.

8:16am EDT

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.

10:08am 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. | Video

1:18pm EDT

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