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Wall Street pares losses after Cohn resignation rumor knock-down

NEW YORK U.S. stocks pared losses in choppy, late-morning trading Thursday as rumors circulating that Gary Cohn is resigning as director of the National Economic Council were called "100 (percent) false" by an Axios reporter on Twitter.

Recent Business News

Wisconsin lawmakers debate billions in incentives for Foxconn plant

The Wisconsin State Assembly on Thursday will consider a $3 billion incentive package for a proposed liquid-crystal display factory by Taiwan's Foxconn, the first vote on the deal by a chamber of the state's Republican-controlled legislature.

Wal-Mart's profit margins fall; quarterly outlook disappoints

CHICAGO Wal-Mart Stores Inc on Thursday reported lower quarterly profit margins and indicated earnings for the current period could miss analysts' estimates as it cut prices and spent heavily to expand its e-commerce operations. | Video

11:53am EDT

Mylan, U.S. finalize $465 million EpiPen settlement

BOSTON Mylan NV has finalized a $465 million settlement with the U.S. Justice Department, resolving claims it overcharged the government for its EpiPen emergency allergy treatment, which became the center of a firestorm over price increases.

Health, U.S. 12:02pm EDT

Alibaba beats on earnings as e-commerce remains core revenue driver

BEIJING Alibaba, China's top e-commerce firm, beat analyst estimates with a 56 percent rise in first-quarter revenue, driven by strong online sales.

Tech, China 9:11am EDT

Fed's Fischer says move to unwind bank regulation 'dangerous': FT

LONDON Efforts by the United States government to loosen regulations on banks are "dangerous and extremely short-sighted", one of the U.S. central bank's top policymakers said in an interview with the Financial Times published late on Wednesday.

3:47am EDT

Monetizing the Dallas Cowboys brand

Dallas Cowboys Chief Operating Officer Stephen Jones talks about maximizing the value of his team.   Full Article 


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