General Motors says it will stop making cars and engines in Australia by the end of 2017, with nearly 2,900 jobs to be lost, because of high production costs and competition.
The founder of Lululemon is stepping down as chairman after raising ire with his comments about the body types of potential buyers of the retailer's yoga pants.
McDonald's says a key sales figure rose 0.5 percent in November, even as the world's biggest hamburger chain saw basically flat traffic in the U.S.
Eight U.S. Web giants have joined hands to start a public campaign for new limits on how governments collect user information amid concerns of growing online surveillance.
American Airlines emerges from bankruptcy protection and US Airways culminates its long pursuit of a merger partner when the two complete their deal Monday.
A U.S. judge is considering an alternative that may result in Bank of America paying much less than the government is seeking as a penalty for the sale of defective mortgages.
Several major U.S. retailers posted disappointing sales for November after cautious shoppers pinched their pennies at the start of a shorter holiday season.
Private sector job creation surged in November, with ADP reporting 215,000 new jobs.
Some of the world's biggest banks have been hit with a $2.3 billion fine for interest rate-rigging by traders, by the European Commission.
Walmart Stores is paying for lawyers to represent more than 30 of its executives involved in a foreign corruption investigation, sources say.
An Abercrombie & Fitch shareholder urges the teen apparel retailer to replace CEO Mike Jeffries after his contract expires in February.
Dow Chemical is looking to spin off or sell about 40 manufacturing plants from its business as it continues to move away from cyclical commodity products.
Bank of America said it settled all claims with Freddie Mac arising from residential mortgages sold to the government-backed housing agency through the end of 2009.
Hilton plans to offer approximately 112.8 million shares in an initial public offering of its common stock.
Amazon.com is testing delivery packages using drones, CEO Jeff Bezos says in an interview.
From a retailer's signature gadget going cold to some jewelers starting to heat up, here's a rundown of the week's smartest moves and biggest errors in the business world.
The 2013 holiday shopping season may end up being remembered for its ugly sweaters and, for many retailers, even uglier discounts.
The fallout from the subprime mortgage crisis continues to plague U.S. banks, which may be on the hook for billions more in legal fees.
Men's Wearhouse struck back at Jos. A. Bank with a $1.5 billion bid to acquire the clothing retailer, only weeks after rejecting a takeover offer from its smaller rival.
Barnes & Noble reports lower revenue as sales fell across all its businesses, including its stores and Nook e-readers and e-books.