Unemployment rates fell in 31 U.S. states in September, including in many where incumbent governors and senators face tough re-election campaigns. The report is the final data on state unemployment before the Nov. 4 elections.
Banks will get a break in easier rules for packaging and selling mortgage securities and fewer borrowers will have to make hefty down payments under actions taken by federal regulators.
Coca-Cola said it plans to slash costs by $3 billion a year after the world's biggest beverage maker reported disappointing sales on flat soda volume.
McDonald's CEO Don Thompson said Tuesday the company hasn't been keeping up with the times and that changes are in store for its U.S. restaurants.
U.S. businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained healthy, a sign that wage gains may remain weak in the coming months.
Sears is looking to raise more cash, announcing that it is planning a rights offering that may raise up to $625 million.
IBM will pay $1.5 billion to Globalfoundries in order to shed its costly chip division.
China's economic growth will decelerate to 4 percent a year between 2020 to 2025 - well below widespread expectations of steady 7 percent to 8 percent growth over the next decade, a business research group predicted.
Growth in the U.S. and efficiency gains in Europe helped Swedish home-appliance maker Electrolux post a 42 percent jump in third-quarter profits.