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 ...

Lafley will replace CEO Bob McDonald, effective immediately. McDonald, who will retire June 30 after a transition period, has been CEO since 2009.

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.

The German economy's return to growth in the first quarter was hampered by declines in construction activity and investment as a severe winter and a recession in Europe damped demand.

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.

Friday 10:00 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.

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.

By William Schomberg. CARDIFF | Fri May 24, 2013 5:55am EDT. CARDIFF (Reuters) - A Bank of England policymaker said on Friday he favored small additional amounts of bond purchases over time, but not a hard-to-manage commitment to longer-term ...