U.S. stocks rose, sending the Dow Jones Industrial Average to a record, as Internet shares rallied and retailers gained on earnings. The euro fell to a one-month low and coffee capped the biggest weekly drop since March.
Standard & Poor’s will be allowed to see government documents relating to the U.S. Justice Department’s decision last year to sue the rating company and not its competitors for issuing allegedly fraudulent ratings.
General Motors Co. doesn’t have to tell car owners they should park the 2.59 million vehicles it recalled over faulty ignition switches, a federal judge ruled, rejecting a bid for what would’ve been an unprecedented order.
Lawyers suing General Motors Co. over the recall of 2.59 million small cars for faulty ignition switches say the best judge to handle the litigation is the one overseeing Toyota Motor Corp.’s acceleration cases, which resulted in a $1.63 billion settlement.
Hewlett-Packard Co. agreed to pay $57 million to settle a shareholder lawsuit accusing former Chief Executive Officer Leo Apotheker of making misleading statements about operations before he was ousted.
Moody’s Investors Service Inc. says the California Public Employees Retirement System can’t blame it for almost $800 million in losses on top-rated investments that later collapsed because its assessments are opinions and not guarantees or facts.