Citigroup will refund $700 million to consumers and will pay $70 million in fines for illegal and deceptive credit card practices, the bank and federal regulators said Tuesday.
BlackBerry Ltd. is undergoing another round of job cuts as it deals with weak smartphone sales and pushes ahead with a restructuring plan.
Lockheed Martin will spend $9 billion to acquire Black Hawk helicopter maker Sikorsky Aircraft.
Morgan Stanley's second-quarter profit fell 8.5 percent from a year earlier, the bank said Monday, despite better results at all three of its core businesses.
In return for getting a bailout request to European creditors off the ground, the government of Prime Minister Alexis Tsipras has had to enact a series of confidence-building measures, the biggest of which was a steep increase in the sales tax from 13 to 23 percent.
Grocery store operator A&P is filing for Chapter 11 bankruptcy with plans to sell off stores as it faces increasingly tough competition.
U.S. businesses' outlook on sales in the coming months has darkened after sales growth slowed in the second quarter, according to a survey released Monday.
Rising gasoline prices pushed inflation up modestly in June, leaving overall consumer prices higher than they were a year earlier for the first time since December.
U.S. builders broke ground on apartment complexes last month at the fastest pace in nearly 28 years, as developers anticipate that recent jobs gains will launch a wave of renters.
The Boeing Co. said Friday that it plans to absorb a $536 million charge that will help it keep the KC-46 aerial refueling tanker program on schedule.
Shares of Mattel Inc. fell Friday after the company reported a second-quarter loss as another decline in Barbie sales and a strong dollar cut into revenue.
General Electric reported larger profits in the second quarter as orders and backlog improved.
Fewer people sought U.S. unemployment benefits last week as employers remain confident enough in the economy to hold onto their staffs.
The family-owned Hubbard Broadcasting Inc. is giving the Newseum $5 million to support the Washington museum's programs about the five freedoms of the First Amendment.
Manufacturing growth in the Philadelphia region fell in July, a sign that factories are struggling to contribute much to the expanding U.S. economy.