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Wall Street hits new high as post-election rally roars ahead

Wall Street's post-election rally showed no signs of fatigue as the three major indexes hit all-time highs on Thursday.

Recent Business News

Sears Holdings posts loss for fifth straight quarter

Retailer Sears Holdings Corp reported its fifth straight quarterly loss and said there was no guarantee when it would return to profitability.

7:31am EST

Poll: U.S. economic outlook unmoved so far after Trump win

Donald Trump's shock White House win has not altered U.S. economic forecasts much, with economists in a Reuters poll expecting three rate rises by the end of next year based on little follow-through on most of the soon-to-be president's protectionist campaign promises.

8:22am EST

EU takes legal action against Germany, UK over Volkswagen scandal

BRUSSELS The European Union started legal action on Thursday against seven countries including Germany and Britain for failing to police emissions test cheating by carmakers after the Volkswagen scandal.

Environment, Germany 8:44am EST

Eyeing upswing, more U.S. oilfield service firms restructure

After two years of hunkering down, struggling U.S. oilfield service providers are preparing for an expected oil-price recovery in an unexpected way: filing for bankruptcy.

1:04am EST

Ericsson says Swedish staff cuts running ahead of plan

STOCKHOLM Struggling telecom equipment maker Ericsson said on Thursday sweeping staff cuts in its Swedish home market were running ahead of schedule, resulting in higher restructuring costs this year.

8:50am EST


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