Railway Walkout Hits Canada

Nearly 5,000 unionized workers at Canadian Pacific Railway walked off the job, disrupting freight service across Canada.

NYSE, Nasdaq in Facebook Faceoff

NYSE is seeking to capitalize on Nasdaq's role in Facebook's bungled offering, renewing efforts to lure more stock listings to its exchange and persuade Nasdaq-listed companies to switch to the Big Board. And vice versa.

P&G Concedes Missteps in Expansion

Procter & Gamble said it would stabilize its largest, most-profitable businesses in major markets before further spending on emerging markets, where profit margins are thinner.

Lenovo Makes Solid Gain

Lenovo bucked the tough times in the personal-computer business with a 59% rise in fiscal fourth-quarter net profit.

Monsanto Diversifies in Agribusiness

Monsanto is paying $210 million for a maker of crop-planting technology as the agribusiness company steps up efforts to diversify beyond seed production.

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.

J.P. Morgan Exposed on Right Flank

The bank's trading loss has stoked frustration among Republicans—who haven't forgotten that it donated mostly to Democrats last election cycle.

Lenovo Makes Solid Gain

Lenovo bucked the tough times in the personal-computer business with a 59% rise in fiscal fourth-quarter net profit.

France Seeks Answers From Google

The French government's digital-privacy watchdog is renewing questioning of Google, amplifying a pan-European probe into the search giant's privacy policies.

New Home Sales Rise

Sales of newly built homes in the U.S. increased in April, another sign that the long-struggling housing sector is finding its footing.

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.

Google Wins Patent Verdict

A federal jury ruled that Google didn't infringe Oracle patents for Java technology in the second phase of the companies' trial.

Gupta Trial Turns to Goldman Salesman

Prosecutors acknowledged that senior Goldman Sachs salesman David Loeb shared information about three technology companies with Rajaratnam.

New Rules for Prepaid Card Companies

Financial companies in the $150 billion prepaid card market could face higher regulatory costs, while consumers could find it easier to recover stolen funds and sort out fees under new federal rules in the works.

Large Investors Swim on Their Own

Put off by high fees and disappointing performance of so-called pooled funds, major institutions are building in-house real-estate investment divisions to acquire property directly.

Monsanto Buys Planting Technology Company

Monsanto is buying Precision Planting Inc., a planting-technology company, for $210 million plus performance-based payments.

Ex-Premier to Greece: Stick With Austerity

Greece's former premier warned that the nation has no choice but to stick with the painful austerity program dictated by its lenders.

Fewer Write-Downs Help Toll Brothers

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.

Anxious Investors Push Down Stocks

U.S. stocks slumped and the euro dropped to a two-year low as investors focused on contingency plans for a potential Greek exit from the euro zone.

CBO Sees 2013 Recession Risk

The U.S. economy will likely enter another recession in the first half of 2013 if large tax increases and spending cuts are allowed to go into effect in January, the CBO said.