BUSINESS

General Motors is recalling 3,300 vehicles to fix faulty ignition switches that can shut down engines and disable power steering, power brakes and even air bags.

"Unexpected losses can be greater for corporate loans given that average exposures to specific borrowers are much larger," a report said.

"Daimler is helping VW rebuild trust in the German car industry," an observer said. "It's an important step to help VW clean up the affair."

The move will eliminate one of the $45 billion company's five current business divisions.

The snapback in sentiment underscored robust domestic demand and offered hope that consumer spending would remain solid enough to support growth.

Analysts and bankers believe the club could be at the start of a virtuous cycle, where winning begets higher revenue and even more winning for years to come.

United directors are “waiting to hear back from his family and his doctors" regarding further details about the heart attack.

Major fossil fuel companies are endorsing global climate talks, but the move reflects changing market dynamics, not a bid to ditch fossil fuels.

The Dow ended the week in positive territory again Friday as Wall Street continued to eye third-quarter earnings season.

One Federal Reserve official said this week he did not "expect that it would be appropriate" to raise interest rates in 2015. He's got company.

The Chinese e-commerce giant's proposed purchase of Youku Tudou would bring its video empire one step closer to vertical integration.

FDA's move came as a setback for AstraZeneca, which has been trying to secure a place in the drug market by bringing in new treatments.

Deutsche Bank announced in September that it will close its investment banking operations in Russia, to “reduce complexity, costs, risks and capital consumption.”

India's popular comfort food, Maggi instant noodles, could be back in the stores soon, as court-mandated tests showed they are safe for consumption.

The Volkswagen Group accounted for 23.3 percent of the European Union's auto sales in September — its lowest level in six months.

As of mid-August, China has 596 billionaires — up 242 on 2014 — and above the U.S. figure of 537, according to the annual China Rich List.

The packaged food giant cut its 2015 outlook to around 4.5 percent, below its long-term model calling for 5 to 6 percent growth.

In a significant victory for the ride-hailing company, the High Court in London has ruled that the Uber app does not break the law.

Many Fed watchers are exasperated by the mixed messages from the U.S. central bank in recent weeks.

U.S. banks are cutting costs to boost earnings as overnight fund rates stay near zero and fixed-income trading shows no sign of picking up.

The Canadian company tripled the price of its drug Isuprel and raised the price sixfold for another heart drug, Nitropress, after buying them in February.

Bonuses across Wall Street could fall about 10 percent this year, with traders taking the biggest hit, a pay consultant says.

Japan's Nikkei stock index was up 1 percent, but still poised to shed about 0.9 percent for the week.

Some mothers said their children were sick after eating the contaminated applesauce product.

Goldman said revenue from fixed-income, currency and commodity trading fell 33 percent to $1.46 billion, the biggest year-over-year drop since 2013.

The 2015 deficit fell to 2.5 percent of gross domestic product, the lowest since 2007 and less than the average of the last 40 years.

The financial sector jumped 2.3 percent, recovering from losses on Wednesday, when J.P. Morgan results disappointed.

"There is a willingness to pay more to get exclusive accommodation, and this has resulted in greater demand for skyscraper space,” one economist says.

The Swedish automaker has a fully electric SUV planned for 2019 as it sees vehicle electrification taking off soon after.