The Obama administration said Thursday it is fining Honda $70 million — the largest civil penalty levied against an automaker — for not reporting to regulators some 1,729 complaints that its vehicles caused deaths and injuries, and for not reporting warranty claims.
The first in a new class of cancer medicines, Pfizer's Ibrance, appears poised for approval to treat advanced breast cancer within just a few months and could quickly become a blockbuster, some analysts believe.
Mary Barra says her first year as CEO of General Motors contained both disappointment and progress, as the company recalled a record number of cars and trucks but also improved its handling of safety problems.
In June, when oil cost $107 a barrel, U.S. employers added a healthy number of jobs — 267,000. Now, with oil below $50, hopes are rising that hiring in the United States is poised to intensify.
Coca-Cola says it will cut between 1,600 and 1,800 jobs in coming months to trim costs.
U.S. businesses ramped up hiring last month in the latest sign that the nation's economy is expanding despite worries about global growth that have sent financial markets tumbling.
The U.S. trade deficit fell in November to the lowest level in almost a year, thanks to the country's swiftly shrinking thirst for foreign oil.
Federal Reserve policy-makers discussed various risks to the U.S. economy at their December meeting but concluded that the big drop in oil prices was likely to end up boosting growth.
Monsanto said Wednesday that its earnings fell 34 percent in the first fiscal quarter as South American farmers cut back on planting corn, reducing demand for the company's biotech-enhanced seeds.
Small business owners looking to ditch traditional credit card readers have more options than ever.
U.S. home values rose at a measured pace in November, a sign that demand remains weak as many buyers have been priced out of the market.
U.S. services firms expanded at a solid but much slower pace in December compared with the previous month, a sign growth may have cooled at the end of last year.
Orders to U.S. factories fell for a fourth straight month in November, with demand in a key category that signals business investment plans down for a third month.
The Safeway supermarket chain has been ordered to pay nearly $10 million for illegally dumping batteries, electronics and pharmaceuticals in California landfills.
Weakness in the eurozone's major economies, such as Germany and France, risks choking off the growth emerging in countries that were at the forefront of the region's debt crisis, a closely monitored survey indicated Tuesday.