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Dow ends above 23,000 for first time; IBM jumps

NEW YORK The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth. | Video

Recent Business News

U.S. bankers hold onto hopes that Trump will boost profits

NEW YORK Top U.S. bankers are still hoping that President Trump's administration will make policy changes to boost profits, but made clear in public comments in recent days that they are not seeing any signs of progress so far.

8:41pm EDT

U.S. diesel margins to drive refiner profits for third quarter and beyond

NEW YORK U.S. refiners are set to blow past quarterly earnings expectations after margins surged to a two-year peak on the back of a crippling hurricane season that squeezed already tight gasoline and diesel supplies.

8:13pm EDT

Exclusive: Baupost's Klarman resists calls to wipe out Puerto Rico debt

BOSTON Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico's debt to be wiped out and said the island's residents will be better off in the long run if obligations are honored.

7:39pm EDT

Ford to recall 1.34 million trucks in North America for door latch fix

WASHINGTON Ford Motor Co said on Wednesday it would recall 1.34 million 2015-17 Ford F-150 and 2017 Ford Super Duty trucks in North America to add water shields to side door latches at a cost of $267 million.

4:03pm EDT

ADP is already making changes Ackman wants: CEO

NEW YORK Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday.

7:54pm EDT

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