U.S. stocks fell on Thursday, with the Dow Jones industrial average recording its third consecutive day of losses, after weaker-than-expected manufacturing data in China and lackluster U.S. corporate earnings.
International Business Machines Corp. (IBM) agreed to sell its low-end server business for $2.3 billion to China’s Lenovo Group Ltd. (992) as a way to decrease its reliance on computer hardware.
McDonald’s Corp (MCD.NYSE) reported weaker-than-expected quarterly sales at established restaurants on Thursday as fewer diners visited the fast-food chain.
Stocks and global emerging markets sold off sharply on Thursday on disappointing Chinese manufacturing data and weak company earnings.
More than 6.3 million Americans were deemed eligible for government healthcare plans for the poor since the Oct. 1 launch of President Barack Obama’s healthcare law through December, federal officials reported.
Spain’s jobless rate rose to 26.03 percent of the nation’s workforce in the three months through December, compared with 25.98 percent in the previous quarter.