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Wall St. hits record highs as investors buy department stores

Wall Street stocks ended at record highs on Thursday as surging oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment. | Video

Recent Business News

Fox anticipates settlements in Ailes harassment case: WSJ

Twenty-First Century Fox Inc anticipates having to settle with the women who have alleged they were victims of harassment by former Fox News chief Roger Ailes, the Wall Street Journal reported, citing people familiar with the matter.

4:07pm EDT

General Mills must face lawsuit over Cheerios Protein marketing

A federal judge has ruled that General Mills Inc must face a lawsuit claiming it tricked consumers by marketing Cheerios Protein as a high-protein alternative to regular Cheerios, when the main difference was that it contained 17 times more sugar per serving.

2:01pm EDT

Valeant stock falls as report of criminal probe adds to woes

NEW YORK Valeant Pharmaceuticals International Inc shares fell about 11 percent on Thursday as new details about a criminal investigation into the drugmaker reignited investor concerns about the company's past business relationship with a mail-order pharmacy that sold its products.

3:28pm EDT

Lawyers in Volkswagen case seek up to $332.5 million in fees, costs

Lawyers for Volkswagen AG vehicle owners will seek up to $332.5 million in fees and costs for their work in a $10 billion settlement over claims the automaker used software to cheat on emissions testing, according to a court filing.

3:05pm EDT

Citigroup fails to halt AT&T use of 'thanks'

NEW YORK A judge on Thursday rejected Citigroup Inc's bid for a preliminary injunction to stop AT&T Inc from using the phrase "AT&T thanks" on a customer loyalty program, which the bank called too similar to its trademarked "thankyou."

6:08pm EDT

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