NEW YORK - U.S. stocks were up in a volatile session on Thursday as oil futures pared their losses and strong job market data helped offset weak earnings reports from companies such as Alibaba and Qualcomm.
Recent Business News
- Time Warner Cable Inc , the second-largest U.S. cable TV operator, reported a 3.8 percent rise in revenue as residential customers bought more service bundles, leading to fewer-than-expected video cancellations.
DETROIT - General Motors Co will suspend production at its St. Petersburg auto assembly plant in Russia from mid-March to mid-May and is raising prices for its products because of the weak and volatile Russian rouble, a company spokesman said on Thursday.
- Growth-hungry investors are lining up for shares of burger chain Shake Shack Inc , whose initial public offering will be priced after the U.S. stock market closes on Thursday.
BEIJING/SHANGHAI - Alibaba Group Holding Ltd's shares fell more than 10 percent early on Thursday, wiping more than $25 billion of market value after third quarter revenue at the Chinese internet giant fell short of analysts' expectations. | Video
DETROIT - Ford Motor Co on Thursday said it would keep relying on North America for its profit this year as the No. 2 U.S. automaker signaled that losses in Europe would be more than previously forecast. | Video
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