Dow, S&P 500 end at records after U.S. data, Intel outlook

NEW YORK - The Dow and S&P 500 finished at record highs on Thursday as data showed further strength in the U.S. economy and Intel gave an upbeat forecast. | Video

Recent Business News

Best Buy profit beats estimates as costs fall

- Best Buy Co Inc , the largest U.S. consumer electronics chain, reported a better-than-expected profit as cost cutting paid off and revenue increased after seven quarters of decline, even as it expected its current quarter earnings to remain under pressure. | Video

12:40pm EST

U.S. regulator to Chrysler's Marchionne: get act in gear on Jeep recall

WASHINGTON - U.S. government safety regulators on Thursday told Chrysler Group LLC Chief Executive Sergio Marchionne that the company "have to get their act in gear" to speed up repairs of recalled Jeep SUVs that face a heightened fire risk.

GM shuffles top managers, including high-ranking women

DETROIT - General Motors Co reassigned four senior executives, including two high-ranking women, and announced the departure of another on Thursday.

4:40pm EST

Arizona is first U.S. state to sue GM over delayed recalls

- In the first lawsuit brought by a state against General Motors Co over recalls relating to a defective ignition switch, Arizona has accused the company of putting the public at risk by concealing safety issues and delaying the recalls.

2:58pm EST

Senators slam industry's response to 'live grenade' air bags

WASHINGTON/DETROIT - An executive from Japan's Takata Corp apologized at a Senate hearing on Thursday to the victims of defective air bags that can rupture upon deployment and shoot metal shards into cars, but stopped short of taking full responsibility for deaths linked to the scandal.

Politics, Japan 2:34pm EST


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