Dow, S&P 500 end at new highs after data, stimulus in place
NEW YORK - The Dow and S&P 500 ended at record highs on Thursday, with the S&P 500 rising above 1,700 after strong data on service-sector growth and as central banks said they would keep monetary stimulus in place. | Video
AIG profit rises 17 percent, announces dividend
- American International Group Inc reported a 17 percent rise in second-quarter profit, helped by strong performance in its insurance operations, and the company reinstated a quarterly dividend.
Consumers hungry for trucks in July; fleet sales weak
DETROIT - Auto sales to individual U.S. consumers beat expectations in July and major automakers reported low inventories for many hot-selling models, such as Ford Motor Co's Fusion mid-size sedan, suggesting sales would strengthen further this year.
LinkedIn revenue soars to $363.7 million, shares rise
SAN FRANCISCO - LinkedIn Corp reported revenue of $363.7 million in second quarter, a 59 percent jump, after its membership numbers continued to soar after several quarters of slowing growth.
SEC prevails as jury finds Goldman's Tourre liable for fraud
NEW YORK - A jury found former Goldman Sachs Group Inc vice president Fabrice Tourre liable for fraud for his role in a failed mortgage deal that cost investors $1 billion, giving the U.S. Securities and Exchange Commission a big victory.
Icahn sues Dell in latest attempt to foil buyout
- Activist investor Carl Icahn sued Dell Inc and its board on Thursday, his latest attempt to derail a $24.4 billion buyout bid by the computer maker's founder and CEO Michael Dell.
SEC official says 'gratified' by Tourre trial verdict
WASHINGTON - A top U.S. Securities and Exchange Commission official said the agency was "gratified" by a jury's finding on Thursday that former Goldman Sachs Inc banker Fabrice Tourre was liable for fraud.
Costs hit Big Oil; shale surge lifts smaller producers
LONDON/HOUSTON - Some of the western world's top oil companies abandoned output targets and missed profit forecasts on Thursday as they promised to clamp down on rising costs that hurt quarterly results.
P&G appears back on track with CEO Lafley's return
- Procter & Gamble Co forecast a slightly more upbeat 2014 than expected on Thursday as Chief Executive A.G. Lafley tries to get the world's largest household products maker back on track without sacrificing profitability. | Video
Judge approves Citigroup $590 million settlement
NEW YORK - A federal judge gave final approval Thursday to a $590 million settlement by Citigroup Inc that resolves a shareholder lawsuit accusing the bank of hiding tens of billions of dollars of toxic mortgage assets.
McCain, Biden coming together for Sedona, Arizona forum
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.


