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Wall Street gains, backed by stronger U.S. economy

U.S. stocks gained on Thursday, led by financial shares, after data showed U.S. economic growth was stronger than previously reported last quarter, helped by robust consumer spending.

Recent Business News

Anthem likely to pull back from Obamacare markets in 2018: Jefferies

Anthem Inc is likely to exit from a large portion of its Obamacare individual insurance markets next year, Jefferies analysts said, nearly a week after Republican leaders pulled legislation to overhaul the U.S. healthcare system.

2:56pm EDT

U.S. awards AT&T contract to build wireless network for first responders

The United States on Thursday awarded a contract to AT&T Inc to build a nationwide wireless broadband network to better equip first responders, years after a federal commission recommended setting up such a system following the 9/11 attacks.

U.S., Tech 11:00am EDT

Quebec minister sees public issue in Bombardier's executive pay rises

MONTREAL/QUEBEC CITY Bombardier Inc should consider its decision to award top executives pay rises of up to 50 percent in light of a public backlash at a time when the company has laid off thousands of employees, Quebec's economy minister said on Thursday.

3:28pm EDT

Einhorn's GM plan poses conflict challenge for board

NEW YORK Hedge fund manager David Einhorn's unusual plan to divide General Motors Co's shares into two classes poses a potential corporate governance minefield for GM board members.

1:07pm EDT

Investors bet on a quiet tech revolution in Europe

LONDON It's not banking or mining shares, but rather technology stocks, that have come up trumps in Europe this year and are poised to end the first quarter as the best-performing sector.

11:46am EDT

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