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U.S. jobless claims up, wage growth starting to push higher

WASHINGTON - The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend pointed to a continuing strengthening of labor market conditions.

Recent Business News

Weak demand for video services weighs on Time Warner Cable

- Time Warner Cable Inc, the second-largest U.S. cable operator, lost more video subscribers in the second quarter compared with the previous quarter.

8:16am EDT

Target appoints Pepsi executive Brian Cornell as CEO

- Target Corp appointed former PepsiCo Inc executive Brian Cornell as CEO and chairman as it tries to regain customer confidence following a devastating data breach that hurt the retailer's earnings and reputation.

8:39am EDT

Soccer World Cup helps DirecTV net more subscribers

- DirecTV , the No.1 U.S. satellite TV provider, reported quarterly revenue above analysts' estimates as the soccer World Cup helped it add subscribers in Latin America and prices increased in the United States.

10:08am EDT

Argentina defaults but investors see eventual deal possible

BUENOS AIRES - Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.

9:55am EDT

ConocoPhillips second-quarter profit slightly higher; output rises

- ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported a quarterly profit that just beat Wall Street expectations, helped by an increase in oil and gas production.

7:52am EDT

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