The Standard & Poor's 500 index rose to an all-time high, as Apple Inc. boosted technology companies, and health care shares rallied amid earnings.
American Apparel has lost nearly $270 million in the last four years and is more than $200 million in debt. In March, it sold $28.6 million in stock to meet debt obligations.
Mark Zuckerberg is thinking a lot about messaging. If the $19 billion purchase of WhatsApp wasn't enough proof, the Facebook chief executive officer spent a hefty chunk of today's earnings call talking about the opportunity in mobile communication.
Texas GOP Sen. Ted Cruz charged Wednesday that the Obama administration's decision to temporarily suspend flights to Israel was tantamount to an economic boycott of Washington's closest Middle East ally.
... * China food regulator visits 581 food-related businesses. * Sends out 875 staff to conduct inspections. * Five staff at Shanghai Husi Food detained on Wednesday (Adds background, story links).