Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people accountable.
Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring.
The chief executive of aerospace giant United Technologies Corp. is optimistic about an improving economy and airline industry.
Stock indexes are edging higher in midday trading on Wall Street as investors look ahead to the Federal Reserve's next moves.
The price of oil fell Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy.
Herbalife Ltd. says it has hired PricewaterhouseCoopers to be its new auditor.
General Motors says it will invest $44.5 million at a Lansing, Mich., factory, creating 200 new jobs.
The stock market turned higher Tuesday as investors banked on continued policy support from the Federal Reserve. Two big retailers also topped Wall Street expectations for the most recent quarter.
Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and CEO, keep both his jobs.
U.K.-based mobile telecoms company Vodafone has reported a 1.9 increase in annual profits despite a slowdown in much of its European operations.
U.S. stock futures are down in light trading ahead of an appearance this week by Fed Chairman Ben Bernanke before Congress.
Germany's central bank expects the country's economy to improve "markedly" in the second quarter - a development that could boost the wider eurozone as it struggles to get out of recession.
British luxury brand Burberry said Tuesday that rapidly improving business in developing markets was offset by the end of a perfume licensing deal, dragging net profit down 3 percent for the year.
Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.
The Small Business Administration says it has lined up pledges from more than 120 banks to increase lending to veterans.
Official figures show that consumer price inflation in Britain eased in April, largely on the back of lower fuel prices and airfares.
Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.
Chesapeake Energy has named Anadarko Petroleum executive Robert Douglas Lawler as its new CEO.
Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market.
Special K was once just a line of cereals. Today, it's a diet food empire.
Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills unchanged while rates on six-month bills rose to the highest level in five weeks.
Small companies are taking the limelight on a choppy start to the week.
SMALL IS BEAUTIFUL: Small company stocks were a bright spot for the market in a subdued start to the week for Wall Street. The Russell 2000 index climbed above 1,000 points for the first time and ended higher Monday, even as the Dow Jones industrial average and the Standard & Poor's 500 index edged lower.
A judge in Delaware ordered attorneys for Wal-Mart Stores Inc. to turn over more information to shareholders seeking records on how the company responded to allegations of bribery involving its operations in Mexico.
