NEW YORK Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash recent gains. | Video
Recent Business News
NEW YORK U.S. gasoline demand fell 2.4 percent in February from a year earlier, the second straight monthly decline, according to data released on Friday by the U.S. Energy Information Administration that suggested the market may have trouble repeating last year's record volumes.
Shaw Communications is looking for a buyer for ViaWest, the U.S. data center company it bought three years ago, according to people familiar with the matter, as the Canadian cable company continues to shed assets it considers non-core.
NEW YORK Don't look for the outperformance of growth stocks to fade any time soon, as long as corporate earnings continue to improve and hopes remain for stronger economic growth.
SAN FRANCISCO Tesla Inc is recruiting engineers from Mexico to work on robotics and other automated equipment at its California factory, according to LinkedIn postings viewed by Reuters, part of a hiring push to ready the plant for mass production of the upcoming Model 3.
WASHINGTON A U.S. appeals court on Friday blocked health insurer Anthem Inc's bid to merge with Cigna , upholding a lower court's decision that the $54 billion deal should not be allowed because it would lead to higher prices for healthcare.