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S&P 500 posts biggest decline in three months on Washington worries

U.S stocks sold off on Thursday, with the S&P 500 recording its biggest daily percentage drop in three months as escalating worries about the Trump administration's ability to push through its economic agenda rattled investors. | Video

Recent Business News

U.S. pension funds sue Goldman, JPMorgan, others over stock lending market

Three U.S. pension funds sued six of the world's largest banks on Thursday, including Goldman Sachs Group Inc and JP Morgan Chase & Co , accusing them of conspiring to stifle competition in the more than $1 trillion stock lending market.

4:45pm EDT

Wisconsin debates billions in incentives for Foxconn plant

The Wisconsin State Assembly on Thursday opened debate on a $3 billion incentive package for a proposed liquid-crystal display plant by Taiwan's Foxconn, a deal that caused a stir when it was announced by President Donald Trump last month.

Lockheed Martin awarded part of $499 million U.S. defense contract: Pentagon

WASHINGTON Top U.S. defense contractor Lockheed Martin was named on Thursday as one of six companies that will share a $499 million contract for research into aerospace systems aimed at developing new technologies and capabilities, the Pentagon said.

5:35pm EDT

Applied Materials beats profit estimates, shares rise

Applied Materials Inc , the world's largest supplier of tools used to make semiconductors, reported a better-than-expected quarterly profit helped by strong growth in its semiconductor business.

4:28pm EDT

Ackman's Pershing Square says ADP needs to streamline, modernize

BOSTON/NEW YORK Billionaire activist investor William Ackman on Thursday said Automatic Data Processing Inc's stock price could double in the next five years if the human resources outsourcing company cuts costs, streamlines its business and invests in technology upgrades.

3:48pm EDT
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Monetizing the Dallas Cowboys brand

Dallas Cowboys Chief Operating Officer Stephen Jones talks about maximizing the value of his team.   Full Article 

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