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.

Japan Gives Warning on Yen

The Japanese government went on high alert against the newly rising yen, trying to scare off global investors with multiple threats of intervention in currency markets.

Charged Questions Barred in Gupta Trial

A protégé of former Goldman Sachs director Rajat Gupta took the stand in Mr. Gupta's insider-trading trial, but prosecutors were precluded from asking him some of their most potentially explosive questions.

U.S. Auto Sales Keep Rising

Auto makers on Friday reported a 26% rise in May U.S. sales of new cars and light trucks, shrugging off worries about the American economy despite further signs the recovery is slowing.

Fed Debate Builds as Outlook Dims

The dismal jobs report is sure to sharpen a debate at the Federal Reserve about whether to take new actions to spur economic growth, but it likely doesn't settle it.

News Corp. Faces Wave of Phone-Hacking Cases

Lawyers for News Corp. and phone-hacking victims estimated that the company could ultimately face about 500 civil claims related to illegal voice-mail interception.

Macau Gambling Revenue Rises

Gambling revenue in Macau last month was the second-highest in history, but the rate of growth was the weakest since 2009 due to a variety of statistical factors and stress from a slowdown in the Chinese economy.

U.S. Probe of J.P. Morgan Widens

Federal regulators are using powers they gained in the Dodd-Frank financial law to ramp up an inquiry into the recent trading blunders at J.P. Morgan.

Verizon Bets on Connected Car

Verizon agreed to buy Hughes Telematics, a provider of wireless-enabled services to cars, for $612 million in cash.

Wal-Mart's Maturity Means Fat Dividends

Wal-Mart still bills itself as a fast-growth business, but it is shifting to a mature-company strategy to reward investors: becoming a dividend cow.

Plan Set To Curb Market Swings

The Securities and Exchange Commission approved a long-awaited plan by U.S. stock exchanges to upgrade and broaden measures designed to guard markets against another "flash crash."

Exxon Considers Chemical Plant Expansion Near Houston

Exxon Mobil said it is considering a multibillion-dollar expansion at its petrochemical facility near Houston.

Fiat Delays Launch of Two Models

has postponed the European launch of two cars for its namesake brand by at least a year, the latest example of the Italian auto maker's efforts to save money by slowing the development of new models as the region's car market shrinks amid a worsening financial crisis.

Japan Warns Against Rising Yen

The Japanese government went on high alert against the newly rising yen, trying to scare off global investors with multiple threats of intervention in currency markets.

Slowdown in Asia Sounds Warning

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.

U.S. Auto Sales Keep Rising

Auto makers on Friday reported a 26% rise in May U.S. sales of new cars and light trucks, shrugging off worries about the American economy despite further signs the recovery is slowing.

BP Draws Russian Suitors for TNK-BP Stake

BP received expressions of interest to buy its stake in its TNK-BP Russian venture from two bidders: Russian state energy holding company Rosneftegaz and BP's existing Russian partners.

Brazil Loses Steam as World Slows

Brazil grew at its slowest pace in more than two years during the first quarter as weak industrial production and a deteriorating global picture undermined Latin America's largest economy.

GM Acts to Pare Pension Liability

General Motors said it aims to reduce its pension obligations by $26 billion by overhauling its U.S. pension plan for retired white-collar workers, cutting by nearly 20% the biggest drag on its balance sheet.

BP Draws Suitors for Russian Stake

BP received expressions of interest to buy its stake in its TNK-BP Russian venture from two bidders: Russian state energy holding company Rosneftegaz and BP's existing Russian partners.