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Dow transports set closing record high after 2-year wait

NEW YORK The Dow Jones transportation average hit a record high close, led by increases in shares of Norfolk Southern , Union Pacific and FedEx Corp , giving some investors hope the stock market is poised for further gains.

Lululemon quarterly sales rise, shares jump

TORONTO Canadian yoga and leisure apparel retailer Lululemon Athletica Inc reported quarterly profit that beat analysts' forecasts on Wednesday, helped by higher-than-expected gross margins and sales, sending shares up 10 percent in extended trade.

AT&T touts Time Warner merger at U.S. Senate hearing

WASHINGTON AT&T Inc's planned $85.4 billion acquisition of Time Warner Inc will increase innovation and bring "better-priced options" to consumers upset by high cable bills, AT&T Chief Executive Randall Stephenson told lawmakers on Wednesday.

Wall St. run continues; Dow transports hit record

NEW YORK Wall Street surged on Wednesday, with the Dow industrials and S&P 500 hitting fresh records, as equities continued their march upward after the presidential election of Donald Trump and a new high for transportation stocks added to the bullish tone.

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Trump to pick foe of Obama climate agenda to run EPA -source

WASHINGTON Donald Trump will name Oklahoma Attorney General Scott Pruitt, an ardent opponent of President Barack Obama's measures to curb climate change, as head of the Environmental Protection Agency, a Trump transition team official said on Wednesday, a choice that enraged green activists and cheered the oil industry.