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United Tech CEO sees stronger economy, airlines

Associated Press  |  posted 7 minutes ago
The chief executive of aerospace giant United Technologies Corp. is optimistic about an improving economy and airline industry.
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Stock indexes head higher in afternoon trading

Matthew Craft, Associated Press  |  posted 37 minutes ago
The stock market turned higher Tuesday as investors banked on continued policy support from the Federal Reserve. Two big retailers also topped Wall Street expectations for the most recent quarter.
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Best Buy reports 1Q loss on restructuring costs

Mae Anderson, Associated Press  |  posted 42 minutes ago
Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
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Burberry's profit hit by perfume deal's demise

Associated Press  |  posted May 21st - 10:59am
British luxury brand Burberry said Tuesday that rapidly improving business in developing markets was offset by the end of a perfume licensing deal, dragging net profit down 3 percent for the year.
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Herbalife names Pricewaterhouse new auditor

Associated Press  |  posted May 21st - 10:53am
Herbalife Ltd. says it has hired PricewaterhouseCoopers to be its new auditor.
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JPMorgan's Dimon survives shareholder referendum

Christina Rexrode, Associated Press  |  posted May 21st - 10:46am
Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and CEO, keep both his jobs.
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Oil slips as traders wait for Fed, supply data

The Associated Press  |  posted May 21st - 10:18am
The price of oil fell Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy.
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Housing recovery boosts Home Depot 1Q results

Michelle Chapman and Mae Anderson, Associated Press  |  posted May 21st - 9:49am
Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring.
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Lew: IRS actions "unacceptable and inexcusable"

Martin Crutsinger, Associated Press  |  posted May 21st - 9:49am
Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people accountable.
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GM to invest $44.5M in Lansing Cadillac factory

Phillip Lucas, Associated Press  |  posted May 21st - 9:43am
General Motors says it will invest $44.5 million at a Lansing, Mich., factory, creating 200 new jobs.
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