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Wall Street higher ahead of key U.S. jobs data

- Wall Street rose on Thursday after European Central Bank chief Mario Draghi hinted at additional stimulus measures and ahead of a key U.S. jobs report that could figure in the Federal Reserve's decision about when to lift interest rates.

Recent Business News

As Fed ponders interest rate rise timing, markets overshadow U.S. jobs report

NEW YORK - In calmer times the U.S. employment report due to be published on Friday would be the Federal Reserve's best and last economic signal before it decides whether to raise interest rates later this month for the first time in nearly a decade.

11:17am EDT

Gun maker Colt says near deal to exit bankruptcy

WILMINGTON, Del - Gun maker Colt Defense and its creditors are close to a deal on a plan to bring the company out of bankruptcy, but if it fails, the business will go on the auction block next month, a company lawyer told a judge on Thursday.

1:30pm EDT

U.S. and euro zone business improves, Asia a concern

LONDON/NEW YORK - Global manufacturing and service sector activity expanded in August at the same pace as in July, with both the U.S. and euro zone doing better than Asia, according to purchasing manager surveys.

1:49pm EDT

B&G to buy General Mills' Green Giant frozen foods business

- Snack food company B&G Foods Inc said it would buy General Mills Inc's Green Giant frozen foods and Le Sueur canned vegetables brands for about $765 million to expand its distribution network and enter the frozen foods market.

12:51pm EDT

Samsung to make new smartwatch available to competition

BERLIN - Samsung Electronics said on Thursday it would make its next smartwatch technology available to its competitors who also use Google Inc's mobile platform Android, hoping to increase its share of the market, which is now dominated by Apple Inc .

2:37pm EDT

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