New York - US stocks mostly rose on Thursday, with the S&P 500 closing at yet another record on better-than-expected jobless claims data and the European Central Bank's move to keep rates unchanged.
After a long courtship, private equity giant Cerberus Capital Management agreed to buy Safeway Safeway for over $9 billion on Thursday afternoon.
The number of Americans filing new claims for jobless benefits hit a three-month low last week, suggesting some strength in a labour market that has been hobbled by severe weather.
Staples joined Radio Shack as the second major chain this week to announce major store closings. The nation's largest office-supply company said Thursday that nearly half of its sales are now generated online.
An administrative judge invalidated a fine yesterday against an individual who used a small drone for the commercial purpose of taking and selling photographs.