Ken Stanford

Time Warner has rejected a takeover bid from Twenty-First Century Fox and says it has no interest in further discussions with Rupert Murdoch's media entertainment giant.

U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture. In a separate government report, the Labor Department said Wednesday that inflation remains stable.

Bank of America said Wednesday that its second quarter earnings were hit by higher litigation expenses.

Israel on Wednesday intensified air attacks on Hamas targets in the Gaza Strip following a failed Egyptian cease-fire effort, targeting the homes of four senior leaders of the Islamic militant movement.