Pfizer Recalls Thyroid Drug Over Odor

Pfizer Inc. has recalled about 52,000 bottles of thyroid-disease treatment Levoxyl because of complaints of uncharacteristic odors in some bottles.

Oil Firms Test Myanmar Waters

International oil companies are lining up for the right to prospect in untested waters off Myanmar's coast. But uncertainty over how the country will handle the projects threatens to damp enthusiasm and delay much-needed revenue for its economy.

Angry Birds Maker at Pivot Point

Rovio Entertainment, creator of the popular Angry Birds franchise, doubled revenue and boosted profit 57% in 2012, but a top executive said maintaining momentum hinges on how well it pivots from a hot Nordic game developer into a global entertainment powerhouse.

Nikkei Down Ahead of BOJ Outcome

Asian markets were down Thursday with a stronger yen hitting the Japanese market ahead of the Bank of Japan's meeting outcome. The Nikkei fell 1.7%.

CVS Pays $11 Million in Drug-Records Settlement

CVS Caremark agreed to pay $11 million to settle civil allegations by the Justice Department that the drug store operator failed to keep proper records of prescription drug sales in Oklahoma, federal prosecutors said.

Battery Fires Don't Frighten Car Makers

Two incidents of lithium-ion batteries in Japanese cars burning or melding ended a multi-year stream of safe operation for the technology's use in cars, but not auto makers' support for the power packs.

Pandora Users Listening More

Internet radio company Pandora Media said listener hours rose sharply in March—but more listening means higher royalty costs.

Boeing Lands Dreamliner Order

The parent of British Airways plans to order 18 more Boeing 787 Dreamliners to replace some of the carrier's aging 747 jumbo jets.

SEC Embraces Social Media

The SEC backed companies' use of social media to disclose important information, so long as investors have been told which outlets will be used.

Job Market Still U.S. Economy's Wild Card

As the U.S. economy picks up steam, the job market remains a question mark.

Apps Fall Far From Apple's Tree

Heard on the Street: The app charts are something all technology investors should follow to understand who is up and who is down in the smartphone age.

Drug Firms Moving to Recoup Pay

Six of the biggest U.S. drug makers are revising their compensation policies to make it easier to recover payouts to an executive who violates ethics rules or otherwise behaves inappropriately.

J.P. Morgan Scores a Victory in Mortgage Suit

A federal judge dismissed a significant portion of Dexia's fraud lawsuit against J.P. Morgan Chase, giving the U.S. bank a victory as it tries to fend off legal headaches tied to mortgage securities that soured during the financial crisis.

Cisco Doubles Down on Small Cell

Cisco plans to acquire small-cell technologies provider Ubiquisys for $310 million, the latest in a string of acquisitions made by the technology heavyweight to increase its mobility offerings.

Ralcorp Deal Hits ConAgra Net

ConAgra's quarterly profit fell 57% as the packaged-foods company's results were dragged down by costs related to its acquisition of Ralcorp, though the new business also pushed revenue higher.

Asian M&A Activity Lags, but Outlook Is Brighter

Asian-Pacific merger-and-acquisition volume flagged in the first quarter, but bankers say the lull shouldn't last long.

Heinz CEO's Golden Exit Deal

William Johnson, chief executive of H.J. Heinz, could walk away from the ketchup giant with more than $200 million if he leaves when its new owners take control.

Fannie, Freddie to Merge Some Operations

The regulator of Fannie Mae and Freddie Mac announced one of the most concrete efforts to date for building a new infrastructure that could ultimately replace Fannie and Freddie.

Student-Loan Securities Stay Hot

The hunger for yield is driving investors to snap up securities backed by student loans, even as borrowers are falling behind on their payments at a faster clip.

Property Curbs Sink China Shares

China's move to clamp down on property prices jolted the country's stock market, with the Shanghai index slumping 3.7% Monday and pulling other Asian shares down with it.