Ryanair Bids for Aer Lingus

Ryanair Holdings of Ireland said it intends to offer $873 million to purchase rival airline Aer Lingus in a push to create a single, strong Irish carrier.

Facebook to Bolster Payments Business

Facebook is seeking to strengthen the nonadvertising side of its business by enabling users to make payments on the social site in local currency.

Wynn Director Seeks Court Backing to Sell Shares

Elaine Wynn, the ex-wife of casino mogul Steve Wynn, sought permission from a federal court to sell her shares in the gambling company that bears their last name.

Four Wins In a Row For Stocks

Speculation that U.S. central bankers are set to unveil additional stimulus measures lifted the Standard & Poor's 500-stock index for the fourth session in a row.

U.S. Home Building Slows

U.S. home building slowed in May amid a pull back in multifamily construction, but new permits granted reached their highest level since 2008, suggesting future demand for new houses.

Penney to Change Its Message, Not Its Strategy

J.C. Penney will revamp its marketing to convince customers that they are getting a deal, but its chief executive isn't backing off a new lower-prices/fewer discounts strategy that has produced a steep drop in sales this year.

Lockheed, Machinists to Resume Negotiations

Lockheed Martin will hold its first talks with a striking union since a walkout eight weeks ago at a Texas plant slowed production of the much-delayed F-35 Joint Strike Fighter.

Apple's FaceTime Could Eat Up Wireless Data Limits

Apple's recent decision to bring its popular video-calling application FaceTime to cellular networks could give wireless carriers a boost as they look to find new ways to charge for data usage.

Investors Miss Web IPO Payoff

An IPO is supposed to be the big payoff for venture capitalists and other prominent investors, but it's not working out that way for some backers of newly public Internet companies.

Julius Baer Seeks BofA Unit

Julius Baer said it is in talks to buy Bank of America's Merrill Lynch international wealth-management business, a move that would help reduce the Swiss private bank's dependence on its home market.

Spain Hurts Danone

Danone issued a profit warning, citing a drop in consumption in southern Europe, especially in Spain, highlighting the accelerating fallout from Europe's sovereign-debt crisis on large corporations.

U.K. Inflation Slows

Annual inflation in the U.K. slowed in May to its lowest level in more than two years, official data showed, strengthening expectations that the Bank of England will soon embark on a fresh round of stimulus.

U.S. Airlines Scored Poorly in Consumer Survey

Passenger satisfaction with U.S. airlines rose 3.1% this year and the industry attained its highest score in a decade, according to a new consumer survey.

AIJ Employees Arrested in Japan

Japanese police arrested the president of asset manager AIJ Investment Advisors and three others for allegedly selling funds with the knowledge that performance figures had been fabricated.

EU Warns G-20 of Long Road to End Crisis

European officials sought to deflect mounting pressure from world leaders about their Continent's debt troubles, warning of a long road ahead to end the crisis.

China Looks for Loan Boost

China is expected to soon kick-start a trial program that could remove as much as $7.9 billion worth of loans from banks' balance sheets by allowing banks to turn the loans into securities.

Toyota Defends Domestic Output

Toyota President Akio Toyoda repeated his pledge to maintain domestic production, despite the impact of the strong yen on exports.

Yahoo Recruits Google Executive

Yahoo is adding senior talent to help its advertising business, recruiting a Google executive who previously worked with Yahoo's interim chief executive.

Senior Oracle Executive Quits

Oracle said its fourth-quarter profit increased 7.5%, a surprise announcement three days ahead of schedule that appeared to be triggered by the departure of a top sales executive.

Penney Ousts President

J.C. Penney's president, Michael R. Francis, is out at the retailer, which has stumbled in its efforts to wean shoppers off of constant markdowns. CEO Ron Johnson will assume his merchandising duties.