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Bank of America says it swung to a loss in the first quarter, hurt by $6 billion in legal expenses.
The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application.
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.
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.
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.
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.
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 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.
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.
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 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.
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.
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 is buying Chicago-based Nuveen Investments in a deal valued at $6.25 billion, the companies announced Monday.
Citigroup says its first-quarter earnings rose 2.5 percent in the first quarter, beating the expectations of Wall Street analysts.