WASHINGTON - Orders for long-lasting U.S. manufactured goods rose more than expected in March and a measure of business capital spending plans surged, bolstering views of an acceleration in growth in the second quarter.
Recent Business News
SAN FRANCISCO - Facebook Inc has acquired the maker of a mobile app that can track the distance consumers walk or run and measure the calories burned, giving the social networking company an entree into the nascent market for fitness and health monitoring technology.
- Author Michael Lewis' claim that the U.S. stock market is rigged was "irresponsible," but the debate it has sparked could lead to positive change, said Bob Greifeld, chief executive of Nasdaq OMX Group , which reported higher earnings on Thursday.
SAN FRANCISCO - Google Inc's head of social networking services, Vic Gundotra, announced on Thursday that he is leaving the Internet search company.
NEW YORK - Time Warner Cable Inc lost fewer subscribers than expected and posted healthier results for its residential business, a sign that the turnaround plan it unveiled early this year may be starting to work.
Diversification may be helping to smooth out volatility in Goldman's FICC revenue, but it's smoothing out a decline.