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Industrials lead sharp jump on Wall Street

NEW YORK - U.S. stocks surged on Thursday, with major indexes up more than 1 percent in a broad rally, as strong results from industrial bellwethers reassured investors that corporations continue to fare well despite concerns about global economic growth.

Recent Business News

Caterpillar profit beats view, raises outlook; shares gain

- Caterpillar Inc shares jumped more than 6 percent in premarket trading after the company reported a stronger-than-expected quarterly profit and boosted its 2014 profit outlook, citing strong demand for its products in North America.

9:10am EDT

U.S. airlines report strong third quarter profits

- Several U.S. airlines reported strong third-quarter profits on Thursday, helped by falling fuel costs, with many topping Wall Street's earnings per share estimates.

12:29pm EDT

GT Advanced settles with Apple, to exit sapphire production

- GT Advanced Technologies Inc said it reached an agreement with Apple Inc under which it will stop making sapphire materials and focus on supplying equipment to make sapphire crystals.

Tech, Deals, Media 12:52pm EDT

Fewer customers drop Comcast cable subscriptions

NEW YORK - Comcast Corp reported higher quarterly revenue and income on Thursday as more people signed up for its high-speed Internet service and fewer customers dropped their cable subscriptions.

1:19pm EDT

U.S. factory activity growth slips in October: Markit

NEW YORK - The U.S. manufacturing sector slowed in October to its lowest rate of growth since July, while a gauge of new orders hit its lowest level since January, an industry report showed on Thursday.

9:50am EDT

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