Target CEO, Gregg Steinhafel, Resigns as Company Struggles to Recover from Data Breach

Gregg Steinhafel, the chairman and chief executive of Target, resigned on Monday, the latest in a series of moves made by the company as...

Bankruptcy Judge says GM May Still Face Lawsuits Over Defective Ignition Switch

General Motors could be exposed to nearly 60 class-action lawsuits related to its ignition-switch crisis affecting 2.6 million vehicles worldwide and linked to at...

Ford Motor Names Mark Fields as Its New CEO

Ford Motor may have groomed COO Mark Fields to become its new chief executive come this summer, but the automaker kept its options open...

WATCH: Ford Motors Officially Hands the Keys to New CEO, Mark Fields

Mark Fields will take the keys to a Ford Motor Co. that is lean, profitable and a far cry from the near-bankrupt carmaker taken over...

Pfizer Wants to Buy AstraZeneca: $100 Billion Deal Possible

U.S. drugmaker Pfizer Inc is working on its next move in a potential $100 billion battle for Britain's AstraZeneca Plc after having two bids...

Why Saudi Arabia’s Plan to Build the World’s Largest Skyscraper Could Spell Doom for...

Saudi Arabia is expected to begin work on the Kingdom Tower next week. The building in Jeddah is expected to cost $1.23 billion and stand...

Amazon Shares Take a Hit After Scanty First Quarter Profit Report

Amazon.com’s shares sank nearly 10 percent Friday after a handful of analysts lowered their price targets for the online retail giant. When Amazon announced its first-quarter...

Natural Hair Brand, Carol’s Daughter, Files Bankruptcy

Companies affiliated with Carol’s Daughter filed for Chapter 11 bankruptcy protection Thursday in connection with the beauty brand’s move to close most of its stores. CD Stores...

Microsoft CEO Satya Nadella Wins Over Wall Street with Willingness to Transform

Microsoft Corp's new chief executive on Thursday won rave reviews for his first public encounter with Wall Street analysts who said he communicated willingness...

Ford Expected to Name Mark Fields as Next CEO as Alan Mulally Retires

Ford Motor (F) Co., the second-largest U.S. automaker, will soon name Mark Fields its next chief executive officer and reveal when current CEO Alan Mulally will retire from the...

BP Refuses to Pay for U.S. Gulf Oil Spill Studies

BP is refusing to pay a large bill for US government-led studies into its 2010 oil spill in the Gulf of Mexico, including research into its...

Legal Woes Push Bank of America Into $276-million Loss

Socked by mortgage-related legal expenses, Bank of America Corp. lost $276 million during the first quarter, sending its stock down sharply. The quarterly loss, its first in...

Janet Yellen: Big Banks May Need More Money to be Ready for Financial Crisis

Federal Reserve Chair Janet Yellen said additional capital may be required for large U.S. banks whose source of funding could be at risk during a financial crisis. A...

Wall Street Wonders if this Week’s Stock Woes Will Continue on Monday

Is the worst over? After last week's sizable stock market downdraft, which crushed the Nasdaq's priciest and riskiest names the most, investors will be watching...

Family Dollar Closing Stores

Dollar stores are feeling the pinch from mounting financial pressures on low-income shoppers. Family Dollar said Thursday that will cut jobs and close about 370...

Amazon to Employees: If You Don’t Like Your Job, We’ll Pay You $5,000 to...

Quitters wanted: Unhappy with your job? Feeling unproductive? Take $5,000 and go. At least, that's what Amazon.com Inc. is offering its warehouse employees. In a letter...

Family Dollar to Shut Down 370 Stores

Family Dollar Stores Inc. will close 370 stores, slow new-store growth and take other strategic actions as its earnings continue to falter. On Thursday morning, the...

Boeing to Move 1,000 Technical Support Jobs from Seattle Area to Southern California

Boeing will transfer another 1,000 engineering jobs from the Puget Sound area to Southern California by the end of next year, the company told...

New Claims for Unemployment Benefits Falls to Lowest Levels in Nearly 7 Years

The number of Americans filing new claims for unemployment benefits fell sharply last week to the lowest level in almost seven years, which could...

Toyota Recalls Over 6 Million Vehicles Globally

Toyota Motor Corp, in its second-largest recall announcement, said on Wednesday that it would call back 6.39 million vehicles globally after uncovering five different...