Legislation to give the White House "fast track" authority to nail down a Pacific trade pact cleared its first hurdle in the U.S. Congress on Wednesday as a committee backed the bill and sent it to the full Senate for consideration.
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Oil hits 2015 high on Yemen worry; U.S. gasoline at Nov peaks
Crude oil prices settled up 3 percent on Thursday, hitting 2015 highs, while U.S. gasoline reached 5-month peaks after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies.
Microsoft profit, revenue beats Wall Street view; shares up
Microsoft Corp on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing services helped to offset a decline in the company's core Windows business.
Google shares rise after profit, revenue gains
Google Inc reported higher quarterly revenue and profit as rising ad volume offset the impact of the strong dollar, sending its stock higher in after-hours trading.
Comcast plans to drop Time Warner Cable bid: Bloomberg
Comcast Corp plans to drop its $45 billion offer to buy Time Warner Cable Inc in the face of opposition from U.S. regulators, Bloomberg reported on Thursday, citing people with knowledge of the matter.
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Boeing Co shares dropped as much as 3 percent on Wednesday despite strong earnings, reflecting concerns about the aerospace company's cash flow, orders and costs.
U.S. home resales surged to their highest level in 18 months in March as more homes came on the market, a sign of strength in housing ahead of the spring selling season.
Google Inc on Wednesday launched a new U.S. wireless service that switches between Wi-Fi and cellular networks to curb data use and keep phone bills low.
AT&T Inc on Wednesday reported quarterly profit that beat Wall Street estimates by a penny and lower-than-expected revenue that was nearly flat from a year ago.
Facebook Inc posted its slowest growth in quarterly revenue in two years and higher spending on research and development ate into profits.
U.S. stocks ended stronger on Wednesday as Visa's potential expansion into China and talk of a turnaround at McDonald's helped investors look beyond a mixed bag of quarterly earnings.
ConocoPhillips Inc (COP.N) is weighing sale of some of its North Sea assets in Norway which may fetch as much as $1 billion, Bloomberg reported, citing sources familiar with the matter.
Google Inc (GOOGL.O), already one of Washington's biggest spenders, set a company record for its lobbying activity in the first quarter of 2015 when it spent $5.5 million, according to a government database.
Major U.S. stock indexes lost ground on lackluster earnings reports on Tuesday, while oil fell on concerns about U.S. crude stockpiles and Saudi Arabia's announcement that it ended its military campaign in Yemen.
