The S&P 500 has closed at a new record high after strong Apple earnings lifted the tech sector on a mixed day for stocks. The S&P 500 added 3.48 points (0.18 per cent) at 1,987.01, breaching a record set three weeks ago by about three points.
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.
New Zealand on Thursday raised its benchmark interest rate to 3.5 percent but signaled a pause in its program of rate hikes. The announcement prompted a sharp drop in the New Zealand dollar, which was trading down nearly 1 percent at $0.8625.