Business News Headlines

U.S. jobless claims up, wage growth starting to push higher

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WASHINGTON - The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend pointed to a continuing strengthening of labor market conditions.

9:13am EDT

Exxon Mobil second-quarter profit tops estimates on higher oil prices

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- Exxon Mobil Corp, the world's largest publicly traded oil company, on Thursday reported better-than-expected quarterly profit on Thursday on higher prices for crude and natural gas.

8:37am EDT

MasterCard profit rises 10 percent as card usage grows

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- MasterCard Inc, the world's second-largest debit and credit card company, posted a better-than-expected 10 percent rise in quarterly profit, as more customers used its cards to make purchases.

8:21am EDT

Weak demand for video services weighs on Time Warner Cable

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- Time Warner Cable Inc, the second-largest U.S. cable operator, lost more video subscribers in the second quarter compared with the previous quarter.

8:16am EDT

Stock futures slump; Dow, S&P may turn negative for July

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NEW YORK - U.S. stock index futures pointed to a sharply lower Wall Street open Thursday, with the Dow and S&P 500 likely to turn negative for the month on concerns over the strength of overseas economies and ongoing tensions with Russia.

9:17am EDT

Target appoints Pepsi executive Brian Cornell as CEO

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- Target Corp appointed former PepsiCo Inc executive Brian Cornell as CEO and chairman as it tries to regain customer confidence following a devastating data breach that hurt the retailer's earnings and reputation.

8:39am EDT

Soccer World Cup helps DirecTV net more subscribers

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- DirecTV , the No.1 U.S. satellite TV provider, reported quarterly revenue above analysts' estimates as the soccer World Cup helped it add subscribers in Latin America and prices increased in the United States.

9:25am EDT

Argentina defaults but investors see eventual deal possible

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BUENOS AIRES - Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.

8:36am EDT

ConocoPhillips second-quarter profit slightly higher; output rises

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- ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported a quarterly profit that just beat Wall Street expectations, helped by an increase in oil and gas production.

7:52am EDT

European court rules Russia must pay Yukos shareholders 1.9 billion euros

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MOSCOW/STRASBOURG - Europe's top human rights court awarded shareholders in Yukos 1.9 billion euros ($2.6 billion) in damages on Thursday, a new blow to Russia days after some of the former oil company's shareholders won $50 billion in The Hague.

9:28am EDT
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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.