Under pressure from activist hedge fund manager Bill Ackman, Procter & Gamble has replaced Chairman and CEO Bob McDonald with its former chief.

By Richard Hubbard. LONDON | Fri May 24, 2013 6:58am EDT. LONDON (Reuters) - World share markets looked vulnerable to further falls on Friday, with better economic news from Europe doing little to encourage investors who are worried that central bank ...

NEW YORK | Fri May 24, 2013 7:48am EDT. NEW YORK (Reuters) - Stock futures fell on Friday, setting up Wall Street for its first weekly decline since mid April, amid concern the central bank may scale back its support to the economy.

WASHINGTON�The number of U.S. workers seeking new unemployment benefits fell last week by more than expected, another sign of slow improvement in the labor market.

Target Corp. (TGT) and Macy's Inc. (M) joined with 15 other retailers in suing Visa Inc. and MasterCard Inc. (MA) over credit-card and debit-card fees after dropping out of a multibillion-dollar settlement of a similar case.

NEW YORK (MarketWatch) - Shares of Sears Holdings Corp. plunged 12.4% in light premarket trading Friday after the company reported a first-quarter loss Thursday.

Michael Jeffries's penchant for having the male crew on Abercrombie & Fitch's (ANF) corporate jet wear the retailer's boxer briefs, flip-flops, and cologne certainly hasn't hurt the chief executive officer's standing with his board.

Fri May 24, 2013 7:18am EDT. * Ambuehl chief negotiator in U.S. tax talks. * Also leads talks with EU over corporate tax. * Swiss Fin Min signalled deal could come soon.

Aerospace giant Northrop Grumman Corp., plagued by setbacks with its pricey high-flying spy drones, has come up with a new version for the Navy that could keep the company's unmanned aircraft assembly line in Palmdale humming.

A 9-year-old girl accused the CEO of McDonald's of targeting kids with food that's not healthy. His response: "We don't sell junk food.