Volkswagen Shuffles Management

Volkswagen is shuffling its management to intensify efforts in China, improve cooperation between the auto maker's truck brands and revamp the board at the company's premium Audi marque.

BP Shareholders Could See Proceeds From Stake Sale

BP could return some of the proceeds from the sale of its stake in TNK-BP to shareholders if such a divestment takes places, a company spokesman said.

New Bank Rules, More Lending Worries

U.S. regulators are getting an earful from big banks about tougher capital rules. But some economists say the pending regulations are unlikely to crimp lending.

'Dallas' Returns With Social Media Splash

To promote "Dallas," TNT is pushing a "360 degree" marketing plan that emphasizes social media.

Can Central Banks Save Investors Again?

For a third straight year, markets are heading toward summer in a panic over the global effects of Europe's debt woes. Debate is growing among investors about whether they can count on central banks to rescue them again.

Kerviel: SocGen hares Blame

Jérôme Kerviel, the former Société Générale trader whose bets led to one of the largest trading losses ever, says the bank should share the blame. That is likely to be his strategy at an appeal set to start in Paris on Monday.

As Generali Dumps CEO, Focus Is on Capital

Top shareholders in Assicurazioni Generali ousted the CEO, but it isn't clear whether the new management will do better at obtaining the fresh capital analysts say the Italian insurer needs.

Nintendo Pins Its Hopes to New Wii

Nintendo will use this week's Electronic Entertainment Expo, or E3, to unveil a successor to the Japanese company's Wii game console.

MF's Bank Returns $600 Million

J.P. Morgan Chase has returned roughly $600 million that was ensnared at the bank when MF Global collapsed in October.

Roche Cancer Drug Performs Well

A study involving an experimental cancer drug being developed by Roche showed it delayed disease progression in women with a specific type of breast cancer compared with conventional therapy.

'Snow White' Reigns at the Box Office

"Snow White and the Huntsman" found a happy ending at the box office over the weekend, earning the gritty fairy tale retelling a healthy $56.3 million in the U.S. and Canada, according to early studio estimates.

Dow's Drop Is Worst This Year

Another dismal U.S. jobs report triggered the year's biggest stock selloff and erased what was left of the Dow Jones Industrial Average's 2012 gains.

Italy's Generali Board Ousts Chief Executive

The board of Assicurazioni Generali SpA ousted the insurer's chief executive, in a management coup at one of Italy's most important companies.

Cancer Drugs Use Body's Own Defenses

Researchers said two experimental drugs by Bristol-Myers significantly shrank tumors in some patients with advanced skin, lung and kidney cancers.

Hormone Drug Slows Prostate Cancer Growth

Johnson & Johnson's drug Zytiga slowed the growth of prostate cancer in a clinical trial of men who hadn't undergone chemotherapy.

Grim Jobs Data Upend Debate

Feeble hiring by U.S. employers in May roiled markets and dimmed the already-cloudy outlook for an economy that appears to be following Europe and Asia into a slowdown.

Dissident Shareholder Nominees Backed for AOL Board

Institutional Shareholder Services, the influential shareholder advisory firm, has recommended that AOL stockholders vote for two of the three board nominees put forward by dissident shareholder Starboard Value.

Google Tips Off Users in China

Google has begun notifying users in China when they use search terms that can trigger China's Internet blocks, in its boldest challenge in two years to Beijing's efforts to restrict online content.

Asia Weakness Heightens Fears of Contagion

Manufacturing activity in China and across a wide swath of Asia slowed in May, heightening fears that the turmoil in Western economies is dragging down one of the few remaining engines of global growth.

Euro-Zone Data Deepen Gloom

A further decline in euro-zone manufacturing and a record jobless rate of 11% suggest that the region's economy will continue to flounder.