Concerns over weaker global growth appeared to overshadow strong reports about the US economy, nudging the stock market to a small loss.

The US stock market staged a late rally yesterday, helping push the Dow Jones industrial average higher for the first time in a week.

Summertime settled into Wall Street yesterday as major stock indexes drifted slightly higher going into the weekend.

MANY US cities have a much better economic outlook than struggling Detroit, but the Motor City’s bankruptcy filing should still set off alarm bells elsewhere as the cost of paying retirement benefits swells.

Tim Cook’s tenure at the helm of Apple has been a crash course in crisis management.