Bernanke says recession is ‘very likely over’

WASHINGTON — Federal Reserve Chairman Ben Bernanke said Tuesday that it was "very likely" that the recession had ended although he cautioned that it […]

Settlement over bank bonuses rejected

NEW YORK — A federal judge on Monday rejected a $33 million settlement between the Securities and Exchange Commission and Bank of America Corp., […]

Microsoft-Yahoo deal seen squeaking by regulators

Microsoft’s 10-year Internet search deal with Yahoo will get a hard look from Obama administration antitrust enforcers but will probably squeak through.
While the partnership […]

Norway Economy Showing Recovery Signs, Halvorsen Says

Norway is showing signs of recovering from its first recession in two decades as the biggest fiscal stimulus plan in more than 30 years […]

GM to sell Saab unit to Koenigsegg

STOCKHOLM–Saab Automobile, General Motors Corp.'s struggling Swedish unit known for its family cars, was rescued Tuesday by a consortium led by Koenigsegg Automotive AB, […]

Boeing forms division for drone projects

PARIS — Boeing’s defense business announced on Monday the launch of an Unmanned Airborne Systems division, which will group all drone projects to better […]

U.S. Steel to take first step towards restarting idled steel mill, union says

United States Steel Corp. will take the first steps next week to restarting its Granite City Works, local union officials said late Friday, but […]

Branson: Unlikely all big U.S. airlines will survive

British entrepreneur Richard Branson, founder and president of Virgin Atlantic Airways VA.UL, said on Tuesday he believes it is unlikely that all big U.S. […]

Kerkorian buys MGM Mirage shares, stake now 42 percent

Billionaire Kirk Kerkorian, the largest shareholder of MGM Mirage, has acquired more shares of the casino operator, but his overall stake in the company […]

Treasury raises offer to Chrysler lenders: sources

The Treasury has raised its offer to Chrysler lenders with just over a week remaining for the embattled automaker to reach deals to cut […]