Applications for U.S. jobless benefits remained below 300,000 for the 12th straight week, signaling the labor market remains firm even as the economy has been slow to rebound from a first-quarter slump.
The Federal Trade Commission announced on Thursday a record settlement of $1.2 billion with Teva Pharmaceuticals over charges that the drug maker Cephalon illegally blocked generic competition to its sleep-disorder drug Provigil.
McDonald's says it will be toasting its buns longer and changing the way it searing the beef for its burgers. (AP). McDonald's says it wants hotter buns.
U.S. stocks fell, after the Nasdaq Composite Index closed at a record, amid reignited concerns about a Greek debt deal and as data showed a stronger-than-expected gain in pending home sales.
Abercrombie & Fitch Co., the teen-apparel company looking for a new chief executive officer, posted a wider first-quarter loss after currency fluctuations hampered attempts to turn around the business.