Wall Street drops, S&P on track for worst day since April

NEW YORK - U.S. stocks fell more than 1 percent on Thursday, with the S&P 500 on track for its worst daily decline since April and first monthly drop since January, as concerns mounted over the strength of overseas economies and ongoing tensions with Russia.

Recent Business News

Brazil's Embraer sees more U.S. orders next year: CEO

SAO PAULO - Brazil's Embraer SA , the world's third largest commercial planemaker, expects more new regional jet orders from the United States next year, given strong acceptance of E-175 aircraft delivered there recently, Chief Executive Officer Frederico Curado said on a Thursday earnings call.

10:49am 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

3:04pm 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 names outsider as CEO after data breach

- Beleaguered retailer Target Corp named former PepsiCo and Wal-Mart executive Brian Cornell as CEO and chairman as it tries to regain customer confidence following a devastating data breach last year that hit earnings.

1:52pm 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


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