Shortly after the Nikkei Stock Average suffered one of its worst single-day declines in decades, a 7.3% drop, Japan's economy minister moved quickly to soothe market fears.

The consumer-products giant said that Mr. McDonald, who has been CEO since 2009, is retiring on June 30. Enlarge Image. image. Close.

McDonald's Corp. Chief Executive Don Thompson, presiding over his first annual shareholders meeting since taking the helm of the fast-food chain last summer, defended the company's efforts to market to children.

WASHINGTON - Economic data released on Thursday indicated solid job growth and provided further signs that housing is recovering. The New York Times.

Investors bought the largest share of a 10-year Treasury Inflation Protected Securities sale since at least 2003 as yields at 14-month highs boosted demand.

Health insurers in California will charge an average of $304 a month for the cheapest silver-level plan in state-based exchanges next year, according to rates released Thursday by Covered California, which is implementing the Affordable Care Act there.

Haruhiko Kuroda may need to talk his way out of a paradox he helped create. Installed as head of the Bank of Japan in March, Kuroda aims to unlock borrowing and spending by lifting inflation expectations and wages after 15 years of deflation.

International Monetary Fund chief Christine Lagarde faced hours of questioning at a special Paris court Thursday over her role in the 400 million euro ($520 million) pay-off to a controversial businessman when she was France's finance minister.

Home buyers are paying more for newly built homes than they ever have, as U.S. home builders continue pushing up prices and limiting the number of properties hitting the market.

Internet radio company Pandora Media Inc. reported higher-than-expected revenue in the latest quarter, with losses in line with analysts' forecasts, as the number of subscribers who pay for ad-free listening more than doubled to exceed 2.5 million.