Japanese stocks have suddenly gone into reverse. Let us take a long view of a so far sharply short-term phenomenon. Japanese stocks have been rallying for six months now, spurred by the radical new economic policies dubbed Abenomics.

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

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

Fri May 24, 2013 5:45am EDT. * Ifo index picks up more than expected in May. * Private consumption drove Q1 economic growth. * Consumers also likely to support weak expansion this year.

A $7 billion antitrust settlement over credit-card processing fees that critics say would make things worse for retailers suffered another insult today as Target Target, Macy's Macy's and J.C.

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.

Kaiser Permanente, Anthem Blue Cross and Blue Shield of California are all expected to participate in the state-run market for individual health coverage.

Mario Draghi, president of the European Central Bank, has called for the UK to be "more European" and said the continent's key institutions could face dissolution if the UK leaves the European Union.

The euro traded higher against the dollar after a closely watched German business-sentiment indicator beat expectations, while European stocks drifted as volatile trading in Tokyo extended into a second session.