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U.S. second-quarter growth strengthens

WASHINGTON - The U.S. economy rebounded more strongly than initially thought in the second quarter with more of the growth being driven by domestic demand and less by restocking by businesses.

Recent Business News

Exclusive: Microsoft CEO Nadella to visit China amid antitrust probe - source

BEIJING - Microsoft Corp Chief Executive Officer Satya Nadella is set to visit China in late September, a source familiar with the matter said on Thursday, as the Chinese government conducts an antitrust investigation into the world's largest software company.

Tech, Media, China 4:34am EDT

Dollar General says not to abandon Family Dollar pursuit

- Dollar General Corp said it remained committed to acquiring rival Family Dollar Stores Inc , pointing to a prolonged battle for dominance of the deep discount retail sector in the United States.

10:04am EDT

JPMorgan probes possible cyber attack; reports other banks hit

- JPMorgan Chase & Co is investigating a possible cyber attack and working with law enforcement authorities to determine the scope, a company spokeswoman said on Thursday morning.

Tech, Cyber Crime 8:50am EDT

Bitcoin shows staying power as online merchants chase digital sparkle

NEW YORK - Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.

Tech, Media 1:07am EDT

Telefonica prevails in battle for Vivendi's Brazil unit GVT

PARIS - French media company Vivendi picked Telefonica for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia .

Deals, Brazil, Spain 10:58am EDT

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