Wall St. climbs to record after data; Jackson Hole ahead

NEW YORK - U.S. stocks inched higher on Thursday and the S&P reached a record high, lifted by data pointing to steady improvement in the economy, as investors awaited the start of a meeting of top central bankers and economists in Jackson Hole, Wyoming.

Recent Business News

Business growth slows in China and Europe, Russia sanctions still to bite

LONDON/BEIJING - Business growth in China and across Europe slowed this month, surveys showed on Thursday, providing more evidence that the world economy is stuttering and may need more monetary stimulus to keep it going.

China, Japan 12:32pm EDT

Ford tells U.S. dealers to stop selling some C-Max, Focus models

DETROIT - Ford Motor Co has told its U.S. dealers to stop test-driving and selling C-Max and Focus models produced during a week this month because of potential problems with the steering gear assembly, a notice sent to dealers on Wednesday shows.

11:03am EDT

EBay considering PayPal spinoff: report

- EBay Inc is considering a spinoff of PayPal, its fast-growing payments unit, as soon as next year, tech news website The Information reported, citing sources.

Tech, Media 1:04pm EDT

U.S. judge calls Argentina debt row hearing amid contempt calls

NEW YORK - The U.S. judge who barred Argentina from servicing its debt until it settled with investors demanding full payment on their bonds scheduled a new hearing on Thursday, after the country unveiled plans to sidestep his ruling that led it to default for the second time in a dozen years.

11:25am EDT

Pfizer back for AstraZeneca? Year-end move seen most likely

LONDON - Shares in drugmaker AstraZeneca have climbed more than 7 percent this week, fueled by speculation of renewed takeover interest from Pfizer, following an abortive $118 billion (71 billion pounds) takeover attempt in May.

9:19am EDT


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