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Wall Street rises, aided by growth data; Nasdaq ends at record

Wall Street gained on Thursday, led by financial shares, after data showed U.S. economic growth was stronger than previously reported last quarter, helped by robust consumer spending, and the tech-heavy Nasdaq set a record closing high.

Recent Business News

Sour Lululemon results may signal squeeze for athletic leisure lines

The steep drop in Lululemon Athletica's stock price, following a sales warning that resulted from poor color choices in the company's spring collection, turns the spotlight on slowing growth in the athleisure category pioneered by the Canadian yogawear retailer.

4:55pm EDT

U.S. judge clears Toshiba's Westinghouse to tap bankruptcy loan

A U.S. bankruptcy judge on Thursday cleared Westinghouse Electric Co, a unit of Japan's Toshiba Corp , to borrow an initial $350 million to support the company's global operations while it restructures operations.

Anthem likely to pull back from Obamacare markets in 2018: Jefferies

Anthem Inc is likely to exit from a large portion of its Obamacare individual insurance markets next year, Jefferies analysts said, nearly a week after Republican leaders pulled legislation to overhaul the U.S. healthcare system.

2:56pm EDT

U.S. awards AT&T contract to build wireless network for first responders

The United States on Thursday awarded a contract to AT&T Inc to build a nationwide wireless broadband network to better equip first responders, years after a federal commission recommended setting up such a system following the 9/11 attacks.

U.S., Tech 11:00am EDT

Einhorn's GM plan poses conflict challenge for board

NEW YORK Hedge fund manager David Einhorn's unusual plan to divide General Motors Co's shares into two classes poses a potential corporate governance minefield for GM board members.

1:07pm EDT

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