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SAN FRANCISCO (Dow Jones) -- Mexican stocks rose sharply on Thursday, as another strong quarter from market bellwether America Movil drove much of the buying. The benchmark IPC index of the 35 most-traded companies jumped 1.1% to 20138.79. Wireless giant America Movil (AMX) sparked the rally, with its L shares climbing 4.0% to 19.43 pesos in active trade that accounted for more than 40% of o ...

Technology stocks fell Thursday, reversing earlier gains, as investors digested the latest batch of earnings reports and mixed news on the U.S. economy. The tech-heavy Nasdaq Composite Index (RIXF) slid 15.99 points, with leading tech names Microsoft Corp., Apple Computer Inc. and Cisco Systems all losing ground. At its analyst day in Redmond, Wash., Microsoft Chief Executive Steve Ballmer o ...

U.S. stocks closed lower Thursday in a market hemmed in by concerns over the economy and tensions in the Middle East, but Exxon Mobil Corp.'s strong earnings results brightened a day packed with for quarterly reports. The Dow Jones Industrial Average (DJI) fell 2.08 points to 11,100.43. The Nasdaq Composite Index (RIXF) lost 15.99 points to 2,054.47. The S&P 500 Index (SPX) dropped 5. ...

Long-term Treasury prices closed lower Thursday, after a successful auction of $14 billion in five-year notes, as investors lightened their holdings ahead of Friday's release of second-quarter gross domestic product data. Earlier Treasury prices sported gains due to investor perception that the Federal Reserve is likely to wind up its program of tightening U.S. interest rates soon. But inves ...

U.S. stocks traded mixed Thursday as the market struggled to build on a two-day run of gains earlier in the week, with the conflict in the Middle East a persistent concern, even as investors welcomed strong Exxon Mobil earnings and better than expected durable-goods data. The Dow industrials (DJI) rose 10 points to 11,112, off a morning high of 11, 187.76, its best level in more than two weeks. ...

CHICAGO (Dow Jones) -- Video rental giant Blockbuster Inc. said Thursday that it swung to a second-quarter profit from a loss in the prior year on the favorable resolution of some tax audits and a gain related to the sale of its Spain operations. Dallas-based Blockbuster (BBI) said it earned $68.4 million, or 31 cents a share. In the same quarter last year, it loss $57.2 million, or 31 cents a sh ...

NEW YORK (Dow Jones) -- Kellogg Co., the nation's No. 1 cereal maker, on Thursday said second-quarter income rose to exceed Wall Street's view, helped by strong sales of Frosted Mini Wheats, Pop-Tarts and Cheez-It. Kellogg (K) also affirmed its full-year earnings outlook despite rapidly escalating costs for energy and other raw materials. Like most food and consumer products companies, Kellogg  ...

CHICAGO (Dow Jones) -- Buoyed in part by robust organic growth across virtually all its business categories, Fortune Brands Inc. reported Thursday an increase of nearly 24% in second-quarter profit. Fortune Brands (FO) said it earned $247.8 million, or $1.63 a share, up from $ 200.3 million, or $1.33 a share, in the year-ago second quarter. Excluding a gain and various charges, it would have e ...

WASHINGTON (Dow Jones) -- Sales of new homes fell 3% in June, while revisions to prior months show the U.S. housing market was weaker than previously thought, Commerce Department data released Thursday showed. The seasonally adjusted annualized rate of 1.13 million new homes sold in June was below the market estimate of 1.16 million. May's sales pace was revised to a 1.17 million pace, down  ...

U.S. stocks turned mixed Thursday as strong earnings from Exxon Mobil and a better-than-expected durable-goods report were tempered by uncertainty over the conflict in the Middle East. The Dow industrials (DJI) rose 23 points to 11,126, off a morning high of 11, 187.76, its best level in more than two weeks. The Nasdaq Composite Index (RIXF) was down 9 points to 2,061. The S&P 500 Ind ...