After wandering higher for the past two weeks, mortgage rates reversed course, pulling back to near yearly lows. The retreat began last week after the Federal Reserve met and expressed concerns about the economy.
A fuel cell used to capture and sequester carbon emissions, at the headquarters of FuelCell Energy in Danbury, Conn. Credit Christopher Capozziello for The New York Times.
Atlas Air Worldwide Holdings Inc. AAWW 21.71 % said Thursday it would provide air cargo services to Amazon.com Inc., AMZN -0.47 % further building out the online retailer's delivery network.
L Brands Inc. LB -10.69 % on Thursday posted sales growth below expectations amid continued weakness at its Victoria's Secret business, which the company said last month that it would restructure.
Merck MRK -1.68 % & Co. posted a revenue decline as generic competition and currency fluctuations hurt its results. Merck said it expects 2016 adjusted earnings per share of between $3.65 and $3.77, compared with its previous projection of $3.60 to $3.75.