NEW YORK (AP) - Encouraging earnings from Cisco and hopeful signs in a housing report lifted the stock market Thursday. The gains nudged the Standard & Poor's 500 index near the four-year high it reached earlier this year.
SAN FRANCISCO AP) - Gap Inc. reported a 29 percent increase in second-quarter net income, evidence the fashion retailer's moves to liven up its clothing with brightly colored trendy looks are winning over shoppers.
MENLO PARK (AP) - Facebook's stock plunged to a new low Thursday as some of the social networking leader's early backers got their first chance to sell their shares since the company's initial public offering went awry.
RICHMOND (AP) - Nine people have sued Chevron Corp. over a California refinery fire that sent thousands to hospitals with respiratory issues and contributed to higher gasoline prices on the West Coast.
MINNEAPOLIS (AP) - Target Corp. raised its full-year profit projection Wednesday after the cheap-chic discounter reported better-than-expected second-quarter revenue that showed healthy spending in food, beauty, fashion and other items.
SAN JOSE (AP) - Cisco Systems Inc., the world's largest maker of computer networking equipment, is seeing its ambitions cramped by the global economic turmoil, but results for its latest quarter were strong enough that it announced an increase to its dividend.
MENLO PARK (AP) - Facebook's early investors and a handful of directors will become eligible on Thursday to sell stock they own in the social networking company. It marks the beginning of a time-honored process for public companies, one that will give many Facebook employees the same right to sell their shares this fall.