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Stocks dip after two-day climb
NEW YORK — U.S. stocks barely budged Thursday as investors moved cautiously after two days of large gains. Utilities and phone companies rose the most thanks to a decline in bond yields, while chemicals companies and banks surrendered some of their recent gains. Stocks alternated between small lo...
The Associated Press FULL STORY
 
US durable goods orders up, but business investment slips
WASHINGTON — Orders to U.S. factories for long-lasting manufactured goods rose in April by the most since January. But much of the strength came from a surge in the volatile category of commercial aircraft. A key category that tracks business investment fell for a third straight month, a sign that...
The Associated Press FULL STORY
Gawker may be looking to sell after losing Hulk Hogan case
NEW YORK — The embattled online media company Gawker Media has hired an investment banker to explore its options, including a possible sale. Two months ago, Gawker lost a $140 million invasion-of-privacy suit against Hulk Hogan over a sex tape of the wrestler that the site posted online. It emerg...
The Associated Press FULL STORY
 
Starboard pushes to toss Depomed’s entire board
NEW YORK — Activist investor Starboard Value said Thursday that it wants to hold a meeting with Depomed’s shareholders to discuss dumping all of the pharmaceutical company’s board members and replace them with its own candidates. In a letter to Depomed’s shareholders, Starboard said Depomed...
The Associated Press FULL STORY
Microsoft, Facebook team up to build undersea Internet cable
Microsoft and Facebook are building a new underwater Internet cable that will cross the Atlantic Ocean, carrying customers’ data between North America and Southern Europe. The giant tech companies say they helped design the high-speed cable to carry data for their growing numbers of online consum...
The Associated Press FULL STORY
  
 
 
  


 
 
 
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US economic growth in Q1 revised up to 0.8 percent rate
WASHINGTON — The U.S. economy's slowdown in growth at the beginning of the year wasn't quite as ba..
UN agency reports Iranian has complied with nuclear deal
VIENNA — Iran has corrected one violation of its landmark nuclear deal with six world powers and i..
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