NEW YORK - U.S. stocks fell on Thursday, with the Dow and S&P 500 dropping for a fifth straight session after a round of mixed economic data left traders guessing as to when the Federal Reserve would begin to slow its stimulus program.
Recent Business News
SYDNEY - General Motors Co has decided to pull out of vehicle production in Australia as early as 2016, local media reported on Friday, in what would be a major blow to the struggling industry.
NEW YORK - A former Dell Inc supply manager who cooperated with government insider trading investigations, including a probe of a portfolio manager at SAC Capital Advisors, avoided prison on Thursday as a result of his cooperation.
HONG KONG - The world's most valuable jewelry retailer Chow Tai Fook , which counts Cartier and Tiffany & Co as competitors, is on a quest to conquer the hearts of China's future big spenders. Its weapons of choice: Hello Kitty and Winnie the Pooh.
NEW YORK - Boeing Co plans to spend as much as $10 billion on a factory for its new 777X jetliner, and wants to put the plant near a large airport with good rail and road access, according to a newspaper report.
The US economy grew even faster than initially thought in the third quarter, but possibly not in the most helpful way.