Fri May 24, 2013 7:05am EDT. May 24 (Reuters) - Procter & Gamble Co will pay A.G. Lafley, the former chief executive it brought back on Thursday to run the world's largest household products maker, a base salary of $2 million a year, it said in a regulatory ...

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.

German consumer confidence will jump to the highest in more than 5 1/2 years in June as low unemployment and receding inflation encourage households to spend, GfK AG said.

Friday 12:00 BST. Japanese stocks closed higher, but only after another extremely volatile session leaked uncertainty into global equity markets that some investors consider vulnerable after many months of strong gains.

Sears Holdings Corp. swung to a fiscal first-quarter loss from a profit a year earlier, when the retailer booked a large gain on asset sales.

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.

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.

China agreed to give a U.S. regulator access to documents from Chinese accounting firms, moving toward a resolution of a dispute that could have pushed the country's companies to stop trading on U.S.

FRANKFURT�Germany's businesses and households are becoming more chipper, two sentiment surveys showed Friday, indicating that growth in Europe's largest economy is gaining traction following a weak start to the year.