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Consumers, businesses lift U.S. economic growth in second quarter

WASHINGTON The U.S. economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, confirming that the sluggish performance early in the year was temporary.

Recent Business News

American Airlines revenue rises 7.2 percent

American Airlines Group Inc reported a 7.2 percent rise in quarterly revenue, helped by strong passenger demand and improving average fares.

7:41am EDT

Merck profit beats as Keytruda sales soar, expenses drop

Merck & Co Inc's quarterly profit blew past analysts' estimates on Friday as demand surged for its key immuno-oncology drug, Keytruda, and the company reined in expenses.

7:55am EDT

AbbVie's profit rises 19 percent on Humira demand

U.S. drugmaker AbbVie Inc reported an 18.9 percent rise in quarterly profit on Friday on strong demand for its flagship rheumatoid arthritis drug, Humira.

7:54am EDT

JPMorgan plans cost cuts in Sapphire Reserve card unit: WSJ

JPMorgan Chase & Co is pushing for fresh cost cuts of about $200 million in the unit that oversees Sapphire Reserve credit card, the Wall Street Journal reported on Friday.

8:19am EDT

Value of U.S. deals in China sinks on rising trade tensions

HONG KONG U.S. corporate acquisitions in China collapsed to their lowest level for 14 years in the first half of this year, as trade tensions between the two countries and uncertainty about Chinese government regulations took a toll on deal making.

Deals, China 6:42am 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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