SEOUL, South Korea - South Korea's economic growth hit its lowest level in three quarters after a deadly ferry sinking dented consumer spending, the central bank said Thursday.
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.
BEIJING (Reuters) - China's factory activity expanded at its fastest pace in 18 months in July as new orders surged, a preliminary HSBC survey showed on Thursday, the latest indication that the economy is picking up as government stimulus measures kick in.
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.
Facebook's fast-growing mobile advertising business helped drive a 61 per cent increase in revenue during the second quarter, beating Wall Street's financial targets and sending shares to a record-high in after-hours trading on Wednesday.