BUSINESS

Corporate America just saw its worst quarterly profit drop since the financial crisis. But here’s why analysts remain optimistic.

Weak demand in developed countries, weather-related shocks and political challenges were among the reasons cited in a report.

The company that owns Google briefly pulled ahead of the iPhone maker to become the largest U.S. company with a market cap of $498.56 billion.

The nation’s largest retailer is rolling out a subscription delivery service that seeks to rival Amazon Prime — for half the price.

Shares of Monsanto are surging after Bloomberg reported Germany’s Bayer AG is exploring a bid for the U.S. seed company.

The number of Americans filing for unemployment benefits rose unexpectedly last week, touching the highest level in more than a year.

A split from the EU would hamper growth and risk rising inflation, the Bank of England cautioned in its clearest warning yet about the effects of a Brexit.

The deal between the two Japanese automakers, in which Nissan will buy a third of the latter, will extend their five-year collaboration.

The luxury fashion retailer reported a 1 percent fall in quarterly revenue amid higher discounts to clear inventory and weak demand in North America.

Sources said the carmakers were in advanced negotiations over a deal that would see Nissan invest about $1.8 billion to buy roughly a third of Mitsubishi.

Crude oil futures were lower in Asian trading after getting a lift when the U.S. government said crude inventories fell for the first time since March. 

In a letter, CalPERS and NYCERS urge the oil company's shareholders to support a plan for disclosing how a global climate deal would affect the company.

Companies including Boeing and Lockheed Martin have sent representatives to an event shrouded in secrecy.

Bribery and other transgressions undermine trust in government and erode the ethical standards of private citizens,­ IMF's managing director wrote.

Major indexes closed lower Wednesday, one day after the S&P 500 index notched its biggest daily percentage gain in two months.

The department store operator said customers cut back on buying apparel and a strong U.S. dollar discouraged tourists from spending heavily.

When Wall Street sees a down quarter, banks often point to a “backlog” of corporate deals in the works. According to Fitch, investors should be wary.

Citing “deceptive or harmful­” business practices, the search giant said Wednesday it would stop serving ads for payday loan providers.

The company confirmed on Wednesday it is working with David Theno, a food safety consultant and former Jack in the Box executive.

Millennials who stay with one employer for more than a few years are a rare breed in the U.S., a new poll shows.

The two retailers said they will terminate their planned merger after a U.S. federal judge ordered the deal temporarily halted because of antitrust concerns.

The media company said advertising and subscriptions declined at sports channel ESPN, and theme park revenue came in weaker than expected.

The competition watchdog of the EU said the merger of the two telecommunications companies would lead to less choice and higher prices for U.K. consumers.

President Xi Jinping said China needed structural change, and appeared to admit errors in handling the economy — though he said the country could not follow neo-liberal policies.

The Japanese carmaker last month admitted to overstating the fuel economy readings in four of its mini-vehicle models.

APN and Fairfax are looking to complete the deal by the end of 2016, which could see the total revenue of the combined entity reach $441 million, a report said.

The Japanese car manufacturer warned that profits for the current financial year would fall by over 35 percent, mainly due to unfavorable currency movements.

In the currency market, Japan's yen stayed on the defensive, following two sessions of steep declines.

The retailers’ second attempt to join forces created “a reasonable probability” that competition would be impaired, a judge ruled Tuesday.