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U.S. second-quarter growth much stronger; jobless claims fall again

WASHINGTON - The U.S. economy rebounded more strongly than initially thought in the second quarter with more of the growth being driven by domestic demand and less by restocking by businesses.

Recent Business News

Bitcoin shows staying power as online merchants chase digital sparkle

NEW YORK - Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.

Tech, Media 1:07am EDT

Vivendi picks Telefonica in GVT fight

PARIS/MILAN - French media group Vivendi said it would enter into exclusive talks with Telefonica over the sale of its Brazilian broadband unit GVT, choosing the Spanish group over a rival bid from Telecom Italia .

Deals, Brazil, Spain 8:48am EDT

FBI, Secret Service investigate reports of cyber attacks on U.S. banks

- The U.S. Federal Bureau of Investigation said it is investigating media reports that several U.S. financial firms have been victims of recent cyber attacks.

Tech, Cyber Crime 5:38am EDT

Judge rejects Apple bid for injunction against Samsung

SAN FRANCISCO - A U.S. judge rejected Apple Inc's latest bid for a permanent injunction against Samsung Electronics Co Ltd in another sign of the diminishing impact of the smartphone patent wars.

Tech, Media 4:42am EDT

Jobless claims fall for second consecutive week

WASHINGTON, - The number of Americans filing new claims for unemployment benefits fell for a second straight week last week, underscoring the strengthening labor market fundamentals.

8:42am EDT

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