GM to Invest $600 Million in Kansas Factory

GM said it will spend $600 million to expand and upgrade a Kansas assembly plant as part of an overall strategy to invest $1.5 billion in its North American operations this year.

Housing Recovery Opens Spigot

Sales are improving for products like power tools, air conditioners and furniture, as the housing recovery starts to show up in corporate results.

Citi Crafts Comic Push for Survey's Top Ranking

The head of foreign-exchange sales at the New York bank has created an alter ego, "Berniman," as part of an effort to generate votes in Euromoney's annual ranking of foreign-exchange firms.

Blue Chips Snap Win Streak

Weakness in materials stocks helped drive indexes modestly lower, as both the Dow industrials and S&P 500 took a step back from multiyear highs.

Ex-Jefferies Trader Accused of Fraud

Federal authorities arrested a former senior trader at Jefferies on charges he defrauded U.S.-government-sponsored funds out of more than $2.7 million.

Six Canadian Lenders Downgraded

Moody's downgraded six of Canada's largest banks, citing concern about high consumer-debt levels and elevated house prices.

Bank 'Stress Tests' to Be Released Over 2 Days

The Fed said Monday that it will release the results of the latest "stress tests" for the nation's 19 largest banks over two separate days in March.

U.S. Criticized for Pay at Rescued Firms

A watchdog said Treasury failed to rein in pay at companies that received federal bailouts, highlighting friction over the government's oversight of companies such as General Motors and Ally Financial.

Barnes & Noble to Whittle Stores

Barnes & Noble expects to close as many as a third of its retail stores over the next decade.

Panel Pushes Vaccine for Pregnant Women

Amid whooping cough crisis, new federal guidelines recommend mothers get vaccinated at each pregnancy to protect infants.

Durable-Goods Orders Rise 4.6%

Orders for long-lasting manufactured goods increased 4.6% in December to $230.74 billion, largely because of defense and transportation spending.

Flying Is Safest Since Dawn of Jet Age

Deadly jetliner crashes are at their lowest since the mid-1960s. But turboprops remain less safe and parts of Africa and Latin America face safety problems.

U.S. Backs Argentina in Creditor Dispute

The U.S. government came down squarely in Argentina's favor in litigation with holdout creditors suing the South American country over its defaulted bonds.

Nymex Oil Glut Hits New Record

The oil glut at Nymex's Cushing, Okla., hub unexpectedly grew, reaching a new record. Meanwhile, crude imports fell 9.2% in October to the lowest level since January 2000.

Japan Lashes Out Over Dollar, Euro

Japan's new finance minister upped the ante in the country's war of words against the strong yen, calling on the U.S. to strengthen the dollar.

Spain Buries Itself In Unpaid Bills

Local governments across Spain have been paying their suppliers' bills months behind schedule, forcing companies to help shoulder the financial woes of the Spanish government.

Revel Casino Gets New Infusion

Revel Entertainment has lined up $150 million in new financing for its Atlantic City casino, the third investor bailout since it opened in April.

EU Approves Dexia's Plan

European antitrust authorities formally approved, with conditions, the plans for winding down Franco-Belgian bank Dexia and restructuring its former Belgian unit Belfius, helping to bring the Dexia probe to a close.

Dow, Down 158.20, Practices Its Cliff Dive

U.S. stocks tumbled Friday as investors lost hope that politicians in Washington could hammer out a last-minute deal to avert the so-called fiscal cliff.

Pearson Acquires Stake in Nook Unit

Publishing and education company Pearson agreed to invest $89.5 million for a 5% stake in Barnes & Noble's digital-business unit.