NEW YORK — U.S. stocks rebounded from the worst weekly losses in two years, weathering a selloff at the start of the final hour, after data showed retail sales increased the most since 2012 and Citigroup earnings unexpectedly rose.
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MOUNTAIN VIEW, Calif. — Google bought an aerospace startup that’s building high-altitude drones for aerial photography and Internet communications, in the latest indication that tech companies are jockeying to secure their place in the skies.
WASHINGTON — In the spring of 2012, some of America’s largest banks were coming under attack, with hackers commandeering servers around the world to direct a barrage of Internet traffic toward the banks’ websites.
NEW YORK — U.S. stocks sank Friday, extending the Standard & Poor’s 500 index’s worst two-day drop since June, amid disappointing results at JPMorgan Chase & Co. and signs hedge funds were dumping the bull market’s best performers.
NEW YORK — U.S. stocks tumbled Thursday, with the Nasdaq Composite index falling the most since 2011, as a technology selloff resumed amid concern valuations may be too high at the start of earnings season.
NEW YORK — SAC Capital Advisors’ landmark $1.8 billion settlement of a U.S. government insider-trading probe stretching back to 2007 was approved by a federal judge, bringing to an end the hedge fund’s role as a money manager and capping a decade of insider-trading cases.
NEW YORK — U.S. stocks rallied Wednesday, with technology shares gaining the most in two months, as minutes from the Federal Reserve’s last meeting eased concern about the timing of future interest-rate increases.
A former U.S. Justice Department official warned at a Senate hearing Wednesday in Washington that the $45.2 billion merger of Comcast Corp. and Time Warner Cable Inc. would lead to a dangerously large corporation with “massive tentacles” in the pay-TV and Internet industries.
American Airlines said it canceled more than 34,000 flights in the first quarter as several winter storms swept across the United States earlier this year.
NEW YORK — U.S. stocks rose Tuesday, with the Nasdaq 100 index rebounding from its worst three-day drop since 2011, as technology shares rallied.