General Electric's GE +1.77% sprawling finance business was a huge moneymaker in the years before the 2008 financial crisis, but quickly became an albatross as frozen credit markets nearly brought the entire institution to its knees.
WASHINGTON—A gauge of upcoming home sales slid in May, a possible sign of slowing in the U.S. housing market heading into the summer months.
Canadian Imperial Bank of Commerce agreed to buy Chicago-based PrivateBancorp Inc. for $3.8 billion, joining the list of Canadian lenders looking to the U.S.
LONDON, June 29 (UPI) -- Vodafone, the British telecommunications giant, is considering moving its London headquarters outside of the United Kingdom depending on the results of Brexit negotiations.
WASHINGTON—Consumer spending climbed in May, suggesting a key pillar of the U.S. economy has bounced back after a lackluster start to the year.