UNITED STATES

Bank of America Corp expects to get past large mortgage losses over the next few years and reach pretax profits of as much as $40 billion annually, its chief executive said.

German carmaker Volkswagen's premium brand Audi posted record-high margins, beating domestic rival Mercedes , and said it expected to stay ahead of the competition in fast-growing China.

The criminal trial of hedge fund founder Raj Rajaratnam, at the center of the biggest insider trading probe in decades, began on Tuesday with the judge asking potential jurors whether they could be fair in deciding the case of a wealthy financial executive.

Activision may have given its Guitar Hero and DJ Hero seriesthe boot, but the company isn't swearing off the music genre altogether.

U.S. stocks advanced on Tuesday as oil prices eased to below $105 a barrel and financials rallied after Bank of America announced plans to increase dividends in the second half of the year.

Treasury Secretary Timothy Geithner urged Europe on Tuesday to strike a balance between tough fiscal reforms and financial support for troubled member states ahead of two crucial EU summits to resolve the bloc's debt crisis.

U.S. stocks rose on Tuesday after an upbeat profit forecast from Bank of America and a pullback in oil prices, which could lead to further gains if the Dow mounts a key level.

McDonald's Corp's reported softer-than-expected February sales at established U.S. restaurants as high unemployment and rising gasoline prices threaten to curb consumer spending.

U.S. stocks advanced on Tuesday as oil prices eased to below $105 a barrel and financials rallied after Bank of America announced plans to increase dividends in the second half of the year.

French wireless devices specialist Parrot has now the financial leeway to make small-scale acquisitions and is looking for opportunities, its finance director told Reuters.

Rep. Peter King of New York recently used the term Self-Radicalization as he discussed the hearings set to start on Thursday investigating radicalization and the Muslim community in the United States.

General David Petraeus, commander of NATO troops in Afghanistan, was caught on microphone “joking” with Defense Secretary Robert Gates about taking military action against Moammar Gaddafi and bombing Libya.

Stocks jumped on Tuesday after a pullback in oil prices and an upbeat profit forecast from Bank of America, but technical signals still suggested a market correction was near.

Strength in Europe helped offset softer-than-expected February sales at McDonald's Corp's established U.S. restaurants, which are being pinched by unemployment and rising gasoline prices.

Brown-Forman Corp , the maker of Jack Daniel's whiskey, posted a stronger-than-expected 30 percent increase in quarterly profit helped by strong emerging market demand, and raised its full-year outlook, sending shares up 6 percent.

A French flight attendant, who was fired by United Airlines, has been allowed to pursue her federal discrimination claims against her former employer, the 7th Circuit Court of Appeals has ruled.

Single serve coffee represents a meaningful opportunity for Starbucks Corp. (NASDAQ: SBUX) as it is a $4 billion a year market globally with US growing rapidly from its current base of about $100 million, according to RBC Capital Markets.

Brown-Forman Corp , the maker of Jack Daniel's whiskey, posted a stronger-than-expected 30 percent increase in quarterly profit helped by strong demand in emerging markets, and it raised its full-year outlook.

The spreading unrest in the Middle East's oil exporting countries could push crude prices higher, resulting in a huge blow to the U.S. economy which is otherwise looking good, according to an analyst.

With gasoline & diesel prices at two-year highs, most of U.S. business fleets are forced to take an immediate hit to their profits, according to a new survey.

Galleon hedge fund founder Raj Rajaratnam, the central figure in the biggest U.S. insider trading case in a generation, went to trial on Tuesday in a showdown with prosecutors that will feature wiretap evidence and the testimony of former friends and associates.