Business Highlights
The index is dominated by multinationals that do not reflect the national economy, which the Bank of England's chief said Thursday would need more monetary stimulus after the vote plunged Britain into an existential crisis and opened up new uncertainties for businesses.
NEW YORK (AP) — Hershey on Thursday rejected a takeover offer from Oreo maker Mondelez that would bring some of the world's best known cookies and chocolates under one company.
The latest gains added to the market's rebound from the brief, but steep slump that followed Britain's vote to leave the European Union a week ago.
While the rally suggests that traders' anxiety over Britain's departure from the EU have eased, a surge in U.S. bond prices Thursday signaled many investors remain cautious about the possible long-term implications.
WASHINGTON (AP) — More Americans applied for unemployment benefits last week, but the level of jobless claims remains low enough to suggest that most workers enjoy job security.
WASHINGTON (AP) — Long-term U.S. mortgage rates slid to new lows for the year this week amid market upheaval stoked by Britain's vote to leave the European Union.
BRUSSELS (AP) — The European Union opened an investigation Thursday into global beer giant AB InBev to determine if it has abused its dominant position in Belgium by hindering cheaper imports of its products from neighboring countries.
WASHINGTON (AP) — The first U.S. self-driving car fatality took place in May when the driver of a Tesla S sports car using the vehicle's "autopilot" automated driving system died in a collision with a truck in Florida, federal officials said Thursday.
NEW YORK (AP) — Farmers, lumberjacks and fishermen kill themselves most often among workers in the U.S., according to a large new study that shows enormous differences of suicide rates across jobs.
Researchers found the highest suicide rates in manual laborers who work in isolation and f