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U.S. economy less sluggish in second quarter; companies investing more

WASHINGTON U.S. economic growth was less sluggish than previously thought in the second quarter as exports grew more than imports and businesses raised their investments, hopeful signs for the economic outlook.

Banks & monetary policy

Recent Business News

Fed's Lockhart wants to see more improvement before hiking U.S. rates

ORLANDO, Fla. A top U.S. Federal Reserve official said on Thursday he supported the U.S. central bank's decision to leave interest rates unchanged at its policy meeting earlier this month until there was more evidence the economy is approaching the Fed's goal of full employment and 2 percent inflation.

11:04am EDT

Banks tighten SWIFT system security after hacks

GENEVA Banks are tightening the security of their SWIFT messaging networks – used by the industry to shift trillions of dollars each day – following revelations that hackers are increasingly able to get into this system to steal money.

12:53pm EDT

Sumner Redstone urges Viacom-CBS deal, rules out others

Sumner Redstone's National Amusements, the majority shareholder of CBS Corp and Viacom Inc , on Thursday proposed a merger of the two and said it would not support the acquisition of either media company by a third party.

10:39am EDT

Car industry shows off cooperation as way to rival technology firms

PARIS/FRANKFURT Alarmed by the threat posed by Silicon Valley firms developing autonomous driving systems, carmakers at this week's Paris Motor Show showed signs they are ready to hit back by cooperating in areas where they might have been expected to compete.

12:54pm EDT

Dunkin' Donuts partners with Coca-Cola to enter cold coffee market

Dunkin' Brands Group Inc said its donut chain, Dunkin' Donuts, will partner with Coca-Cola Co to launch a line of cold coffee beverages in the United States, its first foray into the ready-to-drink coffee market.

12:49pm EDT

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