Trade, defense spending buoy U.S. third-quarter growth

WASHINGTON - A smaller trade deficit and a surge in defense spending buoyed U.S. economic growth in the third quarter, but other details of Thursday's report hinted at some loss of momentum in activity.

Recent Business News

MasterCard profit beats estimates as card usage rises

- MasterCard Inc reported a better-than-expected 15.5 percent jump in quarterly profit as a rise in global consumer confidence encouraged its customers to use cards to make purchases.

8:42am EDT

Chrysler recalls 33,443 light trucks in U.S. for tire pressure issues

DETROIT - Chrysler Group said on Thursday that it was recalling 33,443 light trucks in two separate campaigns to prevent false warnings from the tire pressure monitor systems.

8:29am EDT

Time Warner Cable loses more video customers in latest quarter

- Time Warner Cable Inc , the No. 2 U.S. cable TV operator, lost more video subscribers than analysts had expected in the third quarter as more customers opt for internet streaming services offered by companies such as Netflix Inc .

Tech, Media 8:00am EDT

Samsung seeks smartphone revamp to arrest profit slide

SEOUL - Samsung Electronics Co Ltd on Thursday said it would revamp its smartphone line-up to take on competitors in the rapidly growing mid-to-low range segment, after third-quarter earnings set it on course for its worst year since 2011. | Video

Tech, Media 4:31am EDT

Britain's Fraud Office launches probe into Tesco accounting scandal

LONDON - (This version of the story inserts missing context in ninth paragraph)


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