Stock market decline is muted, despite bank slump

JPMorgan’s surprise $2 billion trading loss prompted a sell-off in financial stocks Friday, but just small declines in the broader market as investors decided this […]

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Greek winning parties call for bailout changes

The heads of the two parties projected to earn the most votes in Greece’s election have called for changes in the country’s international bailout terms, […]

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AIG inches closer to paying back bailout funds

American International Group posted first-quarter profits on Thursday that rose sharply versus last year, as the bailed-out insurer inches closer to paying back the […]

Ameren asks for delay pollution controls at Illinois coal plants

Ameren Corp. is seeking to delay installation of pollution controls on some coal-fired power plants in Illinois for six years because of weak power prices, […]

Ford, GM report weaker April auto sales

General Motors and Ford reported weaker April sales, hurt by lower demand for compact and subcompact cars.
Chrysler, however, posted a 20-percent rise in sales. Its […]

Honda quarterly profit jumps on improved sales

Honda’s January-March profit jumped 61 percent as the Japanese automaker sold more cars and motorcycles in a turnaround from a disaster-battered 2011. It forecast record […]

New Zealand Should Keep Rate at 2.5%, Shadow Board Says - Bloomberg

New Zealand central bank Governor Alan Bollard should keep the official cash rate at a record-low 2.5 percent this week, according to the shadow board […]

Sprint hit with $300 million tax fraud lawsuit

New York’s attorney general filed a tax fraud lawsuit against Sprint Nextel on Thursday, accusing the wireless carrier of intentionally underpaying sales tax in […]

Reebok agrees to recall Tebow T-shirts

Reebok has reached a settlement with Nike, agreeing to stop producing sports apparel with the name of football star Tim Tebow, according to court […]

Brian Dunn resigns as Best Buy CEO

Best Buy Co. CEO Brian Dunn has resigned from the nation’s largest consumer electronics retailer, which has been struggling to rebound amid growing competition and […]