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Market leaders seen taking S&P 500 to 2,000

NEW YORK - U.S. stocks have been on a roll of late, with the S&P 500 hitting the latest in a series of records on Thursday, and investors expect the index's momentum to soon carry it to - if not far past - the 2,000 milestone.

Recent Business News

Cargill sues former employee for breach of contract

- Global commodities trader Cargill Inc [CARG.UL] has sued a former employee, accusing him of stealing trade secrets before he joined rival JBS SA.

8:58pm EDT

HSBC is sued in U.S. for $250 million over alleged role in 'death bonds'

NEW YORK - HSBC Holdings Plc was sued for $250 million on Friday for allegedly ignoring red flags that a colorful British entrepreneur, the late David Elias, was committing fraud through an investment vehicle he controlled.

Amazon developing own online advertising software: WSJ

- Amazon Inc is planning to develop its own software for placing advertisements online, The Wall Street Journal reported, citing people with knowledge of the matter.

8:02pm EDT

McDonald's replaces U.S. chief for the second time in two years

- McDonald's Corp is replacing its U.S. president for the second time in two years, a move that suggests increased pressure on Chief Executive Don Thompson to improve sales in the fast food chain's home market.

3:26pm EDT

Wylys' lawyer warns SEC's $729 million claim would bankrupt them

NEW YORK - A lawyer for Texas tycoon Sam Wyly and his late brother Charles' estate told a federal judge on Friday that a U.S. securities regulator's demand for $729 million in damages for a fraudulent offshore scheme would "bankrupt" them.

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