U.S. stocks rose, leaving the Standard & Poor’s 500 Index less than 1 percent from a record, amid signs lawmakers could reach a deal before the government loses its ability to borrow money in three days.
Groupon Inc., the biggest daily deal website, jumped 12 percent after analysts at Deutsche Bank AG upgraded the stock, citing optimism that increasing use of the company’s mobile application can boost sales.
Google Inc. shares fell the most in four weeks after the owner of the most popular Internet search engine reported second-quarter sales and profit that missed estimates as mobile advertising crimped average prices.
Eliot Spitzer promises that if he gets elected New York City comptroller, he’ll shake up the office, using about $80 billion in pension stock holdings to keep corporations well-managed and socially responsible.
Google Inc. won U.S. Justice Department approval for its $700 million purchase of ITA Software Inc. on the condition it makes travel data available to search-engine rivals and lets the government review any complaints it’s acting unfairly.
Priceline.com Inc. rose 5.8 percent in Nasdaq Stock Market trading after RBC Capital Markets predicted the company would top earnings estimates, bolstered by a rebound in hotel stays and European travel.
Yahoo! Inc. surged after firing Chief Executive Officer Carol Bartz, whose reign was marked by falling sales, lost share to rivals and a dispute with Asian partners that stunted growth in the world’s largest Web market.
U.S. stocks advanced, after the longest weekly rally in the Standard & Poor’s 500 Index since August, as economic data in China beat estimates and investors watched the latest developments in American budget talks.
Since Google Inc. introduced its Android operating system in 2007, the company’s strategy has been simple: Give it to developers for free and make money when consumers click ads on the Web or through apps. That model is hitting a snag.