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Robust manufacturing output buoys U.S. economic outlook

WASHINGTON - U.S. manufacturing output rose broadly in July and automobile production recorded its largest increase in five years, boosting the economy at the start of the third quarter.

Recent Business News

Tesla raises warranty on Model S sedan to eight years

- Electric carmaker Tesla Motors Inc said the drive unit warranty for its Model S sedan has been increased to match that of the battery pack and will now be covered for eight years and "infinite" miles.

4:36pm EDT

Morgan Stanley must pay $4.5 million to Banamex: panel

- A unit of Morgan Stanley must pay $4.5 million to Citigroup Inc's Banamex unit which alleged the firm had allowed funds in a family's trust account to be used to repay third-party loans without its authorization, according to a ruling on Friday.

4:11pm EDT

Exclusive: Burger chain Shake Shack preparing for an IPO - sources

- Shake Shack, the fast-food restaurant chain famous for its hamburgers and milkshakes, is preparing to go public, seeking to tap stock market demand for popular casual dining companies, according to people familiar with the matter.

4:47pm EDT

BHP Billiton set to spin off unwanted assets

MELBOURNE/LONDON - Diversified mining company BHP Billiton declared its preference for a demerger of its aluminum, manganese and nickel assets on Friday, setting the stage for the formation of a separate business that could be worth at least $12 billion. | Video

11:46am EDT

Holders of Argentina eurobonds plan to appeal U.S. court ruling

NEW YORK - Holders of euro-denominated Argentine bonds plan to appeal a U.S. judge's ruling blocking the country from making payments on their debt, according to a court filing on Friday.

3:41pm EDT

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