Pfizer Drug Delays Worsening of Lung Cancer vs. Chemotherapy

Pfizer's new cancer drug Xalkori significantly delayed the worsening of a form of lung cancer compared with chemotherapy in a clinical trial.

Overcapacity, Fuel Costs Hit Shipping

The owners of the world's containerships make globalization a reality. Their fleets transport 90% of world trade in manufactured goods, but most of the biggest shippers lost money in 2012 amid excess tonnage and high fuel prices.

Glencore Xstrata CEO: Expect Big Layoffs

As Glencore Xstrata shares start trading Friday, CEO Ivan Glasenberg's focus is on integrating the two firms, squeezing out every ounce of profit, and watching for the next deal.

SEC Broadens Its Probe of 'Political Intelligence'

Securities regulators probing how Washington handles market-moving information are looking at trading in health insurers stretching further back than was previously known, a move that turns up the heat on the clubby world of political intelligence.

S&P Tops 1600 on Jobs Data

Stocks rallied to new highs, briefly sending the Dow industrials above 15000 and pushing the S&P 500 past 1600, after April jobs data handily beat expectations.

RBS Presses U.K. on Stake Sale

RBS said it would have largely completed its restructuring in 2014 and urged the U.K. government to start selling down its stake. The bank logged its first quarterly net profit since late 2011.

Job Gains Calm Slump Worries

U.S. job growth picked up in April, with employers adding 165,000 jobs, and the unemployment rate ticked down again, to 7.5%, suggesting steady but still-measured economic growth.

Buffett Investors Arrive in Good Spirits

As Berkshire Hathaway investors descend on Omaha for the annual meeting, they have cause for good spirits: the company's shares are up 33% since last year's event.

Wal-Mart Ads Tout 'American Success Story'

Facing criticism over bribery allegations, worker protests and conditions at the foreign factories that make its goods, Wal-Mart aims to burnish its image with a feel-good advertising campaign.

Bancroft Family Scion Dies at 82

William Cox Jr., a senior member of the Bancroft family that sold The Wall Street Journal to News Corp. in 2007, died at 82.

Vinik to Close Fund

Hedge-fund manager Jeffrey Vinik plans to close his firm and return investors' money after poor performance under a new investment team.

Fed Official: Bank Rule Falls Short

A top Federal Reserve official said more needs to be done to protect the global financial system, including higher capital requirements on big banks.

J&J Recalls Children's Tylenol in South Korea

J&J is recalling all bottles of Children's Tylenol that it made and sold in South Korea after finding high levels of the main ingredient in the popular cold remedy.

LinkedIn Shares Slide After Disappointing Outlook

LinkedIn's surging share price cooled Friday as the social network projected slower revenue growth next quarter following a decision that analysts say will lower the number of display ads that the website shows.

BofA Settlement Clears Hurdle

Two states withdrew objections to a proposed $8.5 billion settlement between Bank of America and investors who purchased mortgage-backed securities

RIM Says Services Restored

Research In Motion said its BlackBerry services have been restored after some of its users experienced service issues Friday.

'Mini' Options Right Size for Retail

In a world of supersizing, "mini" options are finding a receptive audience among individual investors.

Regulators Scrutinize Auto Lenders Over Add-Ons

The Consumer Financial Protection Bureau has issued subpoenas to U.S. auto lenders over the sale of extended warranties and other financial products, expanding a civil probe that could slow the booming car-loan industry.

Verizon Talks Tough to Vodafone

In comments that appear aimed at pressuring Vodafone to sell its stake in the companies' U.S. joint venture, Verizon's CEO hinted that Verizon Wireless might not pay a distribution to its two owners this year.

Copper Surges 6.8%

Copper futures surged almost 7%, notching the biggest one-day rise in 18 months on a better-than-expected U.S. jobs report and signs of rising physical demand for the metal.