Applications for U.S. home mortgages rose last week as interest rates declined, an industry group said on Wednesday.
Sectors
Carmakers report best U.S. August since 2003
U.S. August auto sales were the highest for that month in more than a decade, thanks in part to heavy discounting by the manufacturers and a strong Labor Day weekend close, with the industry selling at an annualized pace not seen since early 2006.
Strong factory orders, auto sales brighten U.S. economic picture
New orders for U.S. factory goods posted a record gain in July and auto sales last month accelerated to their highest level in 8-1/2 years, offering further bullish signals for the economy.
Michael Bloomberg to return as head of Bloomberg company
Former New York Mayor Michael Bloomberg will return as head of Bloomberg LP, the data and financial news company he founded, replacing Daniel Doctoroff who has decided to step aside, the company said on Wednesday.
In quest for next windfall, tech funds look to healthcare
Some of the best-known technology investors are looking beyond their tried-and-true Internet plays to bet on healthcare data as the next growth market.
Latest News
Home Depot Inc said on Tuesday it was working with law enforcement to investigate "some unusual activity" related to customer data but that it could not confirm if it had become the latest retailer to be hit by a large-scale security breach.
Baidu Inc launched on Wednesday a service that helps retailers advertise on the smartphones of nearby users as China's dominant search engine company expands its location-based technology to drive growth.
Google Inc said a research team led by physicist John Martinis from the University of California Santa Barbara will join the company to start a project to build new quantum information processors based on superconducting electronics.
JPMorgan Chase & Co (JPM.N) is in talks to sell its oil-supply agreement with a major Philadelphia refinery to Bank of America Corp (BAC.N), the Wall Street Journal reported Tuesday, citing people familiar with the matter.
Apple Inc has often displayed uncanny timing, with its well-orchestrated end-of-year iPhone releases. But the leak of racy celebrity photos in the past few days put the company in the unusual position of having to mend its image just days before a highly anticipated Sept. 9 product launch.
U.S. construction spending rebounded strongly to hit its highest level in more than 5-1/2 years in July as private construction increased and state and local government outlays surged, in a further sign of vigor in the economy.
The U.S. manufacturing industry expanded in August while employment in the sector grew at its fastest pace since March of last year, an industry report showed on Tuesday.
Though speculation is rife of a new Pfizer bid, AstraZeneca's chief executive is not holed up with advisers in London or New York. Instead, he has spent the last three days immersed in heart science in Barcelona.
In 2010, former Chinese gymnast Li Ning led a surging $4 billion sportswear business, a gold-medal pinnacle echoing his victories at the 1984 Olympic Games.
