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More encouraging economic news and friendly signals from the Federal Reserve cheered investors on Thursday, as the S&P 500 and Dow Jones industrial average closed at all-time highs.
The Great Recession showed that a large number of American families are “extraordinarily vulnerable” to financial setbacks because they have few assets to fall back on, Federal Reserve chairman Janet Yellen said Thursday.
U.S. home construction plunged in August, led by steep decline in the volatile apartment category. Single-family house construction fell by a modest amount.
The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, a sign that the job market is strengthening.
German pharmaceuticals and chemicals company Bayer AG says it plans a separate stock listing for its polymer division.
Thor Industries is planning expansion projects at two recreational vehicle factories in northern Indiana.
Amazon.com founder Jeff Bezos plans to build a rocket engine that would eventually replace the Russian mainstay used in many American unmanned launches. United Launch Alliance, a collaboration of Lockheed Martin and Chicago-based Boeing that launches unmanned rockets, announced Wednesday that it will pay Bezos’ …
The Federal Reserve signaled Wednesday it plans to keep a key interest rate at a record low for a considerable period because a broad range of U.S. economic measures remain subpar.
Kohl’s Corp. says it will hire more than 67,000 seasonal workers nationwide for the holiday shopping season, about a third more than last year’s 50,000.
U.S. consumer prices edged down in August, the first monthly drop since the spring of 2013, as gasoline, airline tickets and clothing prices all fell. It was the latest evidence that inflation remains under control.
Family Dollar is telling shareholders to reject an unsolicited, $9.1 billion takeover bid by its rival, Dollar General. Family Dollar is trying to arrange a sale to another bargain chain, Dollar Tree.
General Mills Inc. on Wednesday reported profit of $345.2 million in its fiscal first quarter, falling short of Wall Street expectations.
FedEx Corp. on Wednesday reported profit of $606 million in its fiscal first quarter, beating Wall Street expectations.
Sony expects its annual loss to swell to $2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business.
Humana’s board of directors has replaced the health insurer’s share buyback plan with a bigger authorization for $2 billion in repurchases.