WASHINGTON - U.S. economic growth accelerated in the second quarter as solid consumer spending offset the drag from weak business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year. | Video
Recent Business News
- Virgin America Inc , a low-cost airline partly owned by Richard Branson, reported a better-than-expected second-quarter profit, helped by higher U.S. travel and lower fuel costs.
- Health insurer Cigna Corp, which agreed last week to be bought by Anthem Inc for $47 billion, said on Thursday that medical services use was low in the second quarter, helping to keep costs in check and beat Wall Street profit estimates.
WASHINGTON - The International Monetary Fund can only approve new loans for Greece after Athens reaches an agreement with European governments that would ensure it can pay its debts, an IMF official said on Thursday.
NEW YORK - Shares of brokerage Investment Technology Group were down more than 20 percent on Thursday after the company said it had set aside $20.3 million for a probable settlement with regulators related to how it ran its "dark pool."
PARIS - French cosmetics group L'Oreal sees sales growth accelerating in the second half as demand in Western Europe and the United States improves.