Caterpillar said it will close a locomotive plant in London, Ontario, following a lockout, eliminating about 450 jobs that mostly paid twice the rate of a U.S. counterpart.
Goldman Sachs cut CEO Lloyd Blankfein's stock bonus for the first time since the financial crisis, the latest sign that Wall Street executives are paying for a year of mixed financial performance.
Steven R. Appleton, chairman and chief executive of Micron Technology died Friday when the high-performance airplane he was piloting crashed at Boise, Idaho's airport.
As Greek debt-restructuring talks showed more signs of delay, the plodding negotiations have been bad news for Portugal's creditors, who fear they also may be force-fed tough terms.
A computer hacker group continued a wave of attacks against Brazilian financial websites, hampering the sites of Citigroup and other prominent institutions.
A few more months of strong jobs reports like the one released Friday, and the Fed might need to draw up a new game plan. For now, though, Bernanke seems unlikely to rewrite his script for the central bank.
The New York Fed is asking for bids on some $6 billion in residential mortgage-backed securities from its Maiden Lane II portfolio it took on as part of the 2008 bailout of American International Group.
Regulators in Switzerland and the U.K. stepped up pressure on Swiss and foreign banks, extending a probe into alleged manipulation of interest rates and disclosing possible action against UBS in a trading scandal.
Barbara Desoer, a high-profile mortgage executive who once was a candidate to become chief executive of Bank of America, is leaving as the financial giant retreats from the home-loan business.
Total corporate federal taxes paid fell to 12.1% of U.S. profits in the government's latest fiscal year, the lowest level since at least 1972 and well below usual rates of around 25%. Most of the credit--or blame--goes to a temporary break to spur investment.
RBS's chairman acknowledged that the bank had miscalculated the public and political reaction to the $1.5 million bonus in shares awarded to CEO Stephen Hester, who subsequently turned down the payment.
Brazil's real climbed against the dollar after strong U.S. jobs figures outweighed the central bank's intervention in an attempt to weaken the currency.
Incoming Sony CEO Kazuo Hirai will need to tread carefully with the company's movie and music divisions, whose profits are important counterpoints to deep losses elsewhere at the company.
Walgreen's same-store sales slid 4.6% in January as the drugstore chain's prescriptions sales were battered by the loss of major customer Express Scripts.
Clorox said fiscal second-quarter sales rose more than expected with help from higher prices, overcoming concerns that tepid demand in North America would crimp sales for household staples.
Hutchison Whampoa agreed to buy Austria's third-largest mobile operator for about $1.71 billion in a move that will enable the Hong Kong conglomerate to expand its market share in Austria.
Weyerhaeuser's fourth-quarter earnings fell 62% as the company booked restructuring charges and write-downs, while the wood-products segment posted softer sales.
Panasonic revised its forecast loss for the current fiscal year to more than $10 billion, which would be the second-largest ever for a Japanese manufacturer.
Aon's fourth-quarter profit rose 20% as the insurance brokerage and consulting firm logged solid results in its human-resources business and benefited from restructuring.
BT Group posted a 41% jump in third-quarter net profit, aided by further cost cutting, lower finance expenses and new contracts, and said it will reach some of its earnings targets a year earlier than expected.
A push by Wall Street banks to create a new, more-transparent way to bet on bond defaults has stalled over technical issues and uncertainty over new regulations.
