U.S. service firms' growth accelerated in April, fueled by more orders, rising sales and an uptick in hiring. The figures provide solid evidence that the economy is recovering from its first-quarter stumble.
The U.S. trade deficit in March swelled to the highest level in more than six years, propelled by a flood of imports that may have sapped the U.S. economy of any growth in the first quarter.
Rum sales have shot up by more than a quarter here, while whiskey sales shrank by one-third, between 2012 and 2013, according to the Scotch Whiskey Association.
The city of Los Angeles is suing Wells Fargo Bank, alleging that employees driven by strict sales pressure opened unauthorized accounts for customers that charged them fees and damaged their credit.
The European Union has nudged up its forecast for economic growth across the 19-country eurozone despite a much gloomier outlook for Greece, which is struggling to get its hands on vital bailout cash it needs to pay off debts.
McDonald's CEO Steve Easterbrook says he's stripping away layers of bureaucracy and increasing accountability so the company can move more nimbly to keep up with changing tastes.
Orders to U.S. factories rose in March for the first time since last July, breaking a long stretch of weakness in manufacturing.
Families of at least 97 people killed in crashes caused by defective General Motors ignition switches will get compensated by the automaker.
A unanimous Supreme Court says debtors in bankruptcy cannot immediately appeal a court's order rejecting a plan to repay creditors.
Investor Warren Buffett says he remains confident in IBM's future, and his Berkshire Hathaway added to its stake in the technology firm earlier this year.
Optimism about the job market lifted U.S. consumer sentiment in April to its second-highest level since 2007.
Hot sales of small and midsize SUVs drove auto sales higher last month as General Motors, Ford, Toyota, Fiat Chrysler and Nissan all reported U.S. sales gains.
U.S. factories expanded in April at the same pace as in March, but manufacturers are starting to curtail hiring in a possible sign of weakness.
U.S. construction fell in March as an increase in nonresidential construction was offset by declines in home building and government projects.
Chevron said Friday that its profit fell 43 percent in its first quarter as it dealt with falling oil prices. But its earnings still beat Wall Street expectations as it aggressively cut costs.