GE Says Industrial-Margin Growth May Miss Forecast

Chief Executive Jeff Immelt said the conglomerate's industrial profit margin may not grow as much as expected this year, although he vowed that the difference will be made up in 2013.

Buyback of Loans Is Forced on BofA

Freddie Mac forced Bank of America to buy back $330 million of mortgages originated over the past two years after the mortgage-finance giant challenged the lender over technical issues with how the loans were manufactured.

Bank of Montreal Profit Climbs 27%

Bank of Montreal's second-quarter earnings rose 27%, beating expectations, on higher volumes and fee revenue as well as lower loan-loss provisions.

Macy's Makes China Move

Macy's is acquiring a minority stake in a Chinese online retailer that will sell the U.S. department store's merchandise on its website. It will pay $15 million for a stake in VIPStore, which operates the Omei.com website.

Martha Stewart Named Nonexecutive Chairman

Martha Stewart was named nonexecutive chairman of the company she founded, Martha Stewart Living Omnimedia, eight years after she resigned amid charges that she lied to investigators about a stock sale.

BOE Saw Fine Balance in QE Vote

Several members of the Bank of England's Monetary Policy Committee came close to voting for an expansion of its bond-buying stimulus program at their May meeting.

Spain to Recapitalize Bankia

Spain will provide about $11.4 billion to cover Bankia's needs, the nation's finance minister said.

Burberry Focuses on Store Space

Burberry said it will invest in opening bigger stores as the luxury clothing and handbag retailer reported a big jump in full-year profit, although runaway growth in the key Asian market slowed.

BP Agrees to $400 Million Refinery Upgrade

BP agreed to add $400 million in pollution controls at its refinery in Whiting, Ind., to address environmental concerns about an expansion of the facility.

Commerzbank Sets Dividend Plan

Germany's Commerzbank aims to resume a dividend payment for the 2013 business year, Chief Executive Martin Blessing told the AGM.

Mutual Funds Promised Haven From Speedsters

A startup is aiming to create a trading platform that protects mutual-fund managers from high-speed traders.

Private Firms Gain Relief

The foundation that oversees accounting rule-making created a panel aimed at making it easier for millions of privately held companies to follow accounting standards.

Dell Shares Tumble

Dell tumbled 18% after its quarterly report raised questions about the strength of computer sales and tech spending. H-P and Microsoft slumped.

Pandora's Loss Widens

Pandora Media reported a wider quarterly loss on higher costs, but its revenue jumped 58% and the Internet radio company raised its outlook.

Seagate Seeks Control of LaCie

Seagate is seeking control of LaCie for about $186 million in cash, as the hard-drive maker looks to boost growth in the European and Japanese markets.

Mazda, Fiat to Build Roadster

Mazda Motor and Fiat said they will join forces on the development and production of a new two-seater sports car based on the Japanese car maker's MX-5.

Thai Rival Outbids Shell in East Africa

Thailand's PTT Exploration & Production intensified the fight to gain access to East Africa's natural-gas fields, bidding $1.9 billion to acquire Mozambique-focused Cove Energy and trump Shell's offer.

Toll Brothers Swings to Profit

Toll Brothers posted a fiscal-second-quarter profit, thanks in part to fewer inventory write-downs, as the builder delivered more homes and fewer buyers canceled.

H-P to Lay Off 27,000 Workers

H-P plans to lay off 27,000 employees. The tech giant also said its quarterly profit slumped 31% amid relatively flat revenue in its PC business and lower printing sales.

Chesapeake Raises Big Bet in Ohio

Chesapeake is ramping up drilling on the Utica Shale, a promising but unproven oil field, at a time when the embattled natural-gas giant is under financial stress and facing heightened scrutiny from investors.