Mary Barra has earned a reputation as a manager who made tough decisions, yet was able to get people to follow her lead and work as a team, according to current and former GM executives. Noting her talent, GM sent her to Stanford University to get an MBA.
Costco's fiscal first-quarter net income rose 2 percent as sales improved and the wholesale club operator pulled in more money from membership fees.
The CEO of Delta Air Lines says a bigger security fee being considered in Congress will be paid by travelers, not by the airlines themselves.
The failure to finalize a landmark trans-Pacific trade pact this year as planned has dealt a blow to President Barack Obama's policy shift to Asia.
U.S. employers advertised the most job openings in more than five years in October, and the number of people quitting also reached a five-year high.
General Motors picked Mary Barra, its product development chief and a 33-year company veteran, as its next CEO. Barra will become the first female head of a major U.S. car company.
The Nasdaq Composite is up 35 percent this year, but while other major indexes like the Dow Jones industrial average and Standard & Poor's 500 have celebrated all-time highs again and again, the Nasdaq remains 20 percent below its dot-com peak of 5,048.62.
Last month, North Korea announced plans to create economic zones in every province. The North also recently laid out new laws to facilitate foreign tourism and investment. But it's unclear how far Pyongyang is willing to go.
U.S. wholesale businesses boosted their stockpiles in October by the most in two years as their sales rose sharply, encouraging signs for economic growth in the final three months of the year.