BUSINESS

Apple and energy-sector stocks were drags on major U.S. indexes, with Citigroup also seeing a decline.

Hinrich J. Woebcken will serve as president and chief executive of Volkswagen Group of America, succeeding Michael Horn.

The White House announced guidelines directing all federal agencies to prioritize more market competition. Here’s why that matters.

A first-quarter earnings drop of 27 percent is the sharpest so far among big U.S. banks. Weakness in overseas markets hasn't helped.

The bank's profit decline is the biggest among big U.S. banks that have reported first-quarter results so far.

Japanese officials said at least one analyst at the Swiss bank had passed sensitive information about an unidentified company’s earnings to a sales rep at the bank.

The U.S. dollar consolidated its weekly gains, and investors awaited a meeting between oil-producing nations to be held in Doha, Qatar, on Sunday.

The company has already started trimming its operations, and is increasingly rejecting bankers’ spending on travel, hotels and entertainment, Bloomberg reported.

Meanwhile, in the first quarter of 2016, China's economy may have grown at its slowest pace since the global financial crisis.

The Canadian company, which is consulting investment banks, needs to divest assets to bolster its finances, sources told Reuters.

Trading startups TeraExchange and Javelin Capital Markets will allege that major financial firms tried to block their platforms, sources said.

Financials, the worst performing sector this year, tallied their fifth straight day of gains Thursday for their first such streak since July.

The U.S. may soon remove pot from a list of the country’s most restricted drugs. But could the move hurt the cannabis industry?

The new standards come nearly six years after the deadly Deepwater Horizon explosion off Louisiana, which led to a massive oil spill.

The move by NYCERS, which had $51.2 billion in assets as of Jan. 31, follows similar action by CalPERS, a public employees fund in California.

The publication’s latest cover bears an alarming statistic: Each American owes $43,000 in national debt. Here’s why that number makes no sense.

Last week saw an unexpected decline in the number of Americans filing for unemployment aid as the labor market continues to strengthen.

The world’s largest contract maker of microchips also reported an 18 percent slump in first quarter profits Thursday.

Concerns about a global economic slowdown and uncertainty about the pace of U.S. interest rate increases dampened bond and stock trading.

Along with its efforts to cut costs, the state-backed bank also said it was closing branches as more people bank online.

Asian stocks surged Thursday while European stock markets opened lower as investors tracked a dip in crude oil prices.

The report from IMS Health Holdings takes into account anticipated discounts, rebates and other common price concessions.

The asset management firm, which has consistently outpaced its peers, also reported a 20 percent drop in profits compared with the same period in 2015.

Just a day left until until federal and most state taxes are due. Do you know where your W-2s are?

China's exports in March returned to growth for the first time in nine months, adding to further signs of stabilization that cheered regional investors.

In a post attacking Bernie Sanders, who joined a workers’ strike Wednesday, Verizon CEO Lowell McAdam argued the company’s $16 billion in dividends “benefit America.”

Peabody Energy, the nation’s biggest coal producer, filed for Chapter 11 bankruptcy protection Wednesday, heralding the sector’s long-term decline.

U.S. regulators would also revoke the federal license of Theranos, the embattled blood-testing company founded by Elizabeth Holmes.

JPMorgan Chase, the first of the big U.S. banks to report quarterly earnings, posted higher-than-expected revenue and profit Wednesday.