Banking Rules Likely to Ease

International regulators, concerned about the European crisis, are poised to ease a core element of the Basel banking rules designed to safeguard the financial system.

Slim Expands Global Reach

Mexican billionaire Carlos Slim, the world's richest man, is increasing his global reach with two significant acquisitions in European telecommunications and a stake in an Argentine oil company.

Regulators Shut Banks in Three States

Regulators closed banks in Florida, Georgia and Tennessee, bringing the nationwide tally of bank failures to 31 for the year.

Fiat Will Shrink Spending in Europe

Italian car maker Fiat, the majority owner of Chrysler Group, will cut spending in Europe by $630 million this year amid shrinking demand for new cars as governments battle to resolve the euro zone's debt crisis.

Facebook Losing Tech Chief

Facebook's high-profile technology chief, Bret Taylor, is leaving the social-networking giant later this summer with future plans to assemble a start-up.

Hong Kong Exchange to Buy LME

Hong Kong Exchanges & Clearing entered into a deal to buy the London Metal Exchange for $2.16 billion, giving the city's stock exchange instant entry into commodities trading.

Facebook Losing Tech Chief

Facebook's high-profile technology chief, Bret Taylor, is leaving the social-networking giant later this summer with future plans to assemble a start-up.

Second Activist Piles Into Navistar

Activist investor Mark Rachesky acquired a 13.6% stake in struggling heavy-truck maker Navistar International, following a recent push for change at the company by rival investor Carl Icahn.

Seacrest to Bid for Clark Productions

"American Idol" host Ryan Seacrest is contemplating a bid for Dick Clark Productions, an independent producer of TV programs including the Golden Globes and "New Year's Rockin' Eve."

Burger King Unveils Venture in China

Burger King has formed a joint venture to open 1,000 restaurants in China over the next five to seven years, as the fast-food chain looks to gain ground in key growth markets.

Global Banking Rules Likely to Ease

International regulators, concerned about the European crisis, are poised to ease a core element of the Basel banking rules designed to safeguard the financial system.

Top Health-Law Official Steps Down

A top official in charge of implementing the federal health-care overhaul said Friday he would step down in mid-July, shortly after the Supreme Court is expected to rule on the fate of the law.

Dow Posts Back-to-Back Triple-Digit Gains

The Dow industrials bagged their second consecutive triple-digit gain amid optimism that central banks will step in to stabilize markets.

Navistar Attracts Activist Investor

Activist investor Mark Rachesky acquired a 13.6% stake in struggling heavy-truck maker Navistar International, following a recent push for change at the company by rival investor Carl Icahn.

Texas Oil Man Finds a New Groove

Floyd Wilson walked away from Petrohawk Energy after turning a $60 million investment into $12.1 billion in seven years. But he didn't go far.

Japan Parties Reach Tax Deal

Japan's ruling and main opposition parties agreed on a plan to double the national sales tax, in a deal that promises to spark controversy even as it represents only an initial step in draining the world's largest pool of government borrowing.

As Nokia Teeters, What's It Worth?

Nokia's latest profit warning and massive layoffs are raising an important question in the stock market: Just how much is the cellphone company's business really worth?

Exxon Expands Rosneft Alliance

Exxon Mobil agreed to develop so-called tight oil reserves in Western Siberia with Russian partner Rosneft, in the Texas energy giant's latest effort to replicate the U.S. shale boom globally.

Microsoft Preps Its Own Tablet

Microsoft is set to announce plans to sell a tablet computer under its own brand, as the software maker continues to play catch-up in the mobile markets.

Spain Debt Has Fund Worried

The IMF said Spain needs to redouble efforts to overhaul its ailing finances as the country's borrowing costs threaten to spiral out of control and new data showed the government's debt load surged in the first quarter.