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U.S. stocks were slightly lower in midday trading after a report of sluggish sales in the housing market.
Lloyds Banking Group says it will pay $400 million to U.S. and British authorities to settle allegations it manipulated benchmark interest rates.
Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion.
Samsung Electronics Co. said Monday it is delaying sales of its first Tizen-powered smartphone in the latest setback to the company’s ambition to create a mobile platform to rival Google’s Android or Apple’s iOS.
OSI Group, an Aurora-based company at the center of a food scandal in China, said that it was pulling all of the products produced by its Shanghai Husi unit from the marketplace. The company was thrust into the spotlight last week when a Chinese TV …
SEATTLE — Boeing Co. CEO Jim McNerney apologized Friday for saying the aerospace giant’s employees were “cowering” during his tenure, a comment one union official called “a new low” in the company’s relationship with workers. McNerney made the remark during a Wednesday call with analysts …
Fast food workers from across the country have voted in suburban Chicago to escalate their campaign for higher wages and union representation by including civil disobedience.
A lawyer says a Ford Motor Co. engineer was fired after she placed listening devices in meeting rooms at its headquarters.
Molson Coors Brewing Co. president and CEO Peter S. Swinburn is retiring at year’s end. He’ll be succeeded by Mark R. Hunter, who serves as CEO and president of Molson Coors Europe.
Fast food workers say they’re prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers are expected to discuss the future of the effort that has spread to dozens of cities in less than two years.
Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans.
U.S. safety regulators are investigating whether an electrical problem can knock out the air bags on some older Hyundai Sonatas. The probe announced Friday covers about 394,000 midsize cars from the 2006 through 2008 model years.
London-based pay TV network BSkyB has agreed to take control of its sister companies in Italy and Germany, creating a multinational European broadcaster. The deal could have a wider impact on the media industry, giving Rupert Murdoch’s 21st Century Fox a cash boost to potentially revive its attempt to buy Time Warner.
McDonald’s restaurants in Hong Kong have taken chicken nuggets and chicken burgers off the menu after a mainland Chinese supplier was accused of selling expired meat. The Oak Brook-based fast-food chain said late Thursday that it “suspended relevant food ingredients” at Hong Kong outlets in …
NEW YORK — Institutional Shareholder Services, a leading shareholder advisory firm, is telling shareholders to protest Sprint Corp. CEO Dan Hesse’s $49 million 2013 pay package, saying it’s excessive and not tied to performance. Hesse got a special $18.7 million “retention” award in connection with …