Business & Financial News, U.S & International Breaking News

Wall Street gained ground in a broad-based rally on Thursday as market participants looked to the G20 summit this weekend for signs of progress in the long-running U.S.-China trade dispute, which has agitated markets for months.

Ford said it will cut 12,000 jobs in Europe by the end of next year to try to return the business to profit, part of a wave of cost reductions in an auto industry facing stagnant demand and huge investments to build low emission cars.

Twitter Inc said on Thursday it would identify and deemphasize tweets that broke its rules but came from important sources, such as politicians, in order to strike a balance between free expression and accountability.

Iran is on course to breach a threshold in its nuclear agreement within days by accumulating more enriched uranium than permitted, although it had not done so yet by a deadline it set for Thursday, diplomats said, citing U.N. inspectors' data.

Southwest Airlines Co will not schedule Boeing 737 MAX flights until at least Oct. 1, the airline said on Thursday, just as the families of some Ethiopian Airline crash victims told a Chicago judge they are not ready to settle litigation.

The man former "House of Cards" star Kevin Spacey is charged with sexually assaulting at a bar on the Massachusetts beach island of Nantucket three years ago has sued the Oscar-winning actor.