The return of A.G. Lafley as Procter & Gamble's chief executive was welcomed by the stock market as P&G shares jumped nearly 4 per cent on Friday, while the company said he would be paid $2m a year.

By Jason Lange. WASHINGTON | Fri May 24, 2013 11:14am EDT. WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course.

Fri May 24, 2013 11:03am EDT. By Phil Wahba. May 24 (Reuters) - Abercrombie & Fitch Co on Friday reported a steeper-than-expected drop in first-quarter comparable sales, blaming inventory shortages, and slashed its profit forecast, sending the teen ...

Federal officials have narrowed their probe into the cause of a May 17 derailment and train crash in Connecticut, saying a cracked rail joint in the area where the first train slid off the tracks had been repaired by maintenance workers just last month.

By Jessica Dye. Thu May 23, 2013 1:30pm EDT. (Reuters) - A group of U.S. retailers, including Macy's Inc. (M.N) and Target Corp.

By Rodrigo Campos. NEW YORK | Fri May 24, 2013 11:13am EDT. NEW YORK (Reuters) - Stocks fell for a third day on Friday amid lingering 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.

News Corp has adopted a �poison pill� to avoid anybody building a stake to challenge Rupert Murdoch's near-40 per cent voting control as his family media empire splits into separate entertainment and publishing businesses.

Bonds of Sears Holdings Corp. (SHLD) plunged to less than par after the retailer controlled by hedge-fund manager Edward Lampert reported a $279 million first-quarter loss.

Germany's economy barely grew in the first quarter of 2013 as exports and investment shrank, figures show. But higher domestic consumption - thanks to rising wages - helped offset the declines in foreign trade and capital investment, raising hopes it will help ...