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Strong durable goods orders buoy growth outlook

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.

Recent Business News

Gucci's sales growth remains sluggish in Q1

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.

12:24pm EDT

Caterpillar posts higher first-quarter profit, raises outlook

- 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.

9:09am EDT

Verizon vows to avoid mass discounts as profit misses expectations

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.

Tech, Media 11:04am EDT

ISS recommends votes for two Loeb nominees to Sotheby's board

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.

10:57am EDT

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