NEW YORK - U.S. stocks fell on Thursday, with the Dow and S&P 500 dropping for a fifth straight session after a round of mixed economic data left traders guessing as to when the Federal Reserve would begin to slow its stimulus program.
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MEXICO CITY - Giant Mexican telco America Movil and broadcaster Televisa, the two companies likely to be most affected by the country's telecoms reform, said on Thursday the regulator has told them it was determining whether they are dominant players in the sector.
SYDNEY - General Motors Co has decided to pull out of vehicle production in Australia as early as 2016, local media reported on Friday, in what would be a major blow to the struggling industry.
NEW YORK - A trade association for the securities industry called on Thursday for revamping the system governing the hardware behind the trading halt in Nasdaq stocks in August, a move that would likely reduce the control the two leading U.S. stock exchange operators have over that hardware.
SAO PAULO/RIO DE JANEIRO - Tycoon Eike Batista's OSX Brasil SA and holders of the ailing shipbuilder's $500 million in bonds are in talks to delay an interest payment due on December 20, three sources with direct knowledge of the situation said.
The US economy grew even faster than initially thought in the third quarter, but possibly not in the most helpful way.