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  • Bank of America posts loss, hurt by legal expenses

    Bank of America says it swung to a loss in the first quarter, hurt by $6 billion in legal expenses.

  • Court rejects bankruptcy protection for Mt. Gox

    The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application.

  • Ford to offer 50th anniversary Mustang

    Ford is building a limited-edition Mustang GT to honor the pony car’s 50th anniversary. The company will only build 1,964 special cars, honoring the year the Mustang first went on sale.

  • GM to ask bankruptcy court for lawsuit protection

    General Motors revealed in court filings late Tuesday that it will soon ask a federal bankruptcy judge to shield the company from legal claims for conduct that occurred before its 2009 bankruptcy.

  • US stock markets rebounds after choppy day

    A stock market swoon turned into a comeback Tuesday. Stocks managed a late-afternoon rebound for the second time in two days as investors seemed to brush off a report of lower confidence among homebuilders and simmering tensions in the Ukraine.

  • Yellen: Mega-banks might need to hold more capital

    Federal Reserve Chair Janet Yellen said Tuesday that the largest U.S. banks might need to hold additional capital to withstand periods of financial stress.

  • J&J Q1 net up 8 percent on sales jump, lower costs

    Johnson & Johnson, the world’s biggest maker of health care products, easily beat Wall Street expectations for the first quarter and raised its earnings outlook.

  • Coca-Cola’s 1Q profit dips, but more drinks sold

    Coca-Cola’s first-quarter profit fell nearly 8 percent as the world’s biggest beverage maker faced a stronger dollar and made structural changes abroad. But the company sold more of its drinks worldwide, and its earnings matched expectations.

  • Aaron’s buys Progressive Finance, cuts outlook

    Furniture leasing company Aaron’s is buying online rent-to-own finance company Progressive Finance Holdings for $700 million in cash, in a bid to turn around its business even as it cut its first-quarter outlook.

  • Nestle sales up despite slack prices in Europe

    Food company Nestle SA says sales rose 4.2 percent in the first quarter compared with a year ago despite deflationary pressures in Europe.

    Relativity’s last-minute bid for Maker rebuffed

    Relativity Media, a film financier and movie distributor, was rebuffed in a last-minute bid for Maker Studios, the YouTube video creator that agreed to be bought by The Walt Disney Co. last month.

  • US retail sales up strong 1.1 percent in March

    U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products.

  • GM replacing communications, human resources heads

    General Motors is replacing the executives in charge of communications and human resources as it struggles with a string of embarrassing recalls that have led to congressional hearings and federal investigations.

  • TIAA-CREF buys Nuveen in $6.25 billion deal

    TIAA-CREF is buying Chicago-based Nuveen Investments in a deal valued at $6.25 billion, the companies announced Monday.

  • Citigroup’s earnings edge higher in first quarter

    Citigroup says its first-quarter earnings rose 2.5 percent in the first quarter, beating the expectations of Wall Street analysts.