WASHINGTON - Orders for long-lasting U.S. manufactured goods rose more than expected in March and a measure of business capital spending plans surged, bolstering views of an acceleration in growth in the second quarter.
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PARIS - Gucci's sales growth remained sluggish in the first three months of the year, hit in part by the brand's upmarket repositioning and the clean-up of its wholesale distribution network.
- Caterpillar Inc on Thursday posted a quarterly profit that topped analysts' estimates and raised its full-year outlook on a stronger-than-expected rebound in sales to the construction industry.
NEW YORK - Verizon Communications Inc said it will try to avoid following rivals into the practice of winning more customers through discounts, as the company's quarterly profit fell short of Wall Street expectations on Thursday.
BOSTON - A prominent investor shareholder advisory firm recommended that Sotheby's investors should vote for two of the three board candidates suggested by activist investor Daniel Loeb.
Diversification may be helping to smooth out volatility in Goldman's FICC revenue, but it's smoothing out a decline.