S&P 500 sets record close on signs of healthier economy

NEW YORK - U.S. stocks ended higher on Thursday, with the S&P 500 at a record after a flurry of positive economic data, as investors hoped for signs from an annual meeting of central bankers that interest-rate hikes are not imminent.

Recent Business News

Exclusive: Ouya scores Xiaomi partnership to take games to China

SAN FRANCISCO - U.S video game service Ouya is turning to Asia to capture the growth that has eluded the startup on its own home turf.

Tech, Deals, Media 5:02pm EDT

U.S. housing, jobs data bolster economic outlook

WASHINGTON - U.S. home resales rose to a 10-month high in July and the number of Americans filing new claims for unemployment benefits fell last week, signaling strength in the economy early in the third quarter.

11:09am EDT

JPMorgan customers targeted in email phishing campaign

BOSTON/NEW YORK - Fraudsters are targeting JPMorgan Chase & Co customers in an email "phishing" campaign that is unusual because it attempts to collect credentials for that bank and also infect PCs with a virus that steals passwords from other institutions.

4:46pm EDT

GameStop second-quarter sales beat expectations; shares rise

SAN FRANCISCO - GameStop Corp on Thursday reported its quarterly revenue surged by 25 percent over the prior year, topping expectations, buoyed by the success of new game releases as well as solid sales of gaming hardware from Microsoft and Sony Corp.

4:48pm EDT

Home Depot names Craig Menear CEO

- Home Depot Inc named Craig Menear its chief executive, replacing Frank Blake, who will stay on as chairman.

4:54pm EDT


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