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Wall Street rallies on Caterpillar, 3M results

NEW YORK - U.S. stocks jumped 1 percent on Thursday as a number of strong results, including from a pair of Dow components, reassured investors that corporations continued to fare well despite concerns about global economic growth.

Recent Business News

Citigroup to return to U.S. court Dec. 2 over Argentine bond payments

NEW YORK - A U.S. judge has scheduled a Dec. 2 hearing to weigh arguments over whether Citigroup Inc should be allowed to process an expected interest payment by Argentina on bonds issued under its local laws following its 2002 default.

10:02am EDT

Caterpillar profit beats view, raises outlook; shares gain

- Caterpillar Inc shares jumped more than 6 percent in premarket trading after the company reported a stronger-than-expected quarterly profit and boosted its 2014 profit outlook, citing strong demand for its products in North America.

9:10am EDT

American Airlines third-quarter profit soars on lower fuel costs

- American Airlines Group Inc , the world's largest airline by passenger traffic, said on Thursday that third-quarter net income soared 87 percent, topping analysts' estimates, buoyed by declining fuel costs.

9:58am EDT

GT Advanced settles with Apple, to exit sapphire production

- GT Advanced Technologies Inc said it reached an agreement with Apple Inc under which it will stop making sapphire materials and focus on supplying equipment to make sapphire crystals.

Tech, Deals, Media 9:04am EDT

Fewer customers drop Comcast cable subscriptions

NEW YORK - Comcast Corp reported higher quarterly revenue and income on Thursday as more people signed up for its high-speed Internet service and fewer customers dropped their cable subscriptions.

10:36am EDT

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