For the second time in six years, Procter & Gamble Co. PG 0.33 % directors replaced Chief Executive A.G. Lafley with an insider whom he groomed.
NEW YORK - With a $73 billion debt burden that Gov. Alejandro Garc�a Padilla recently called inconvertible, Puerto Rico is now being giving advice by hedge funds: improve tax collection and cut education spending to reduce mounting debt.
DETROIT Ford Motor Co's chief executive, Mark Fields, said on Tuesday he wants the company to act "like a startup" as it prepares for an evolution of the auto industry, after it posted second-quarter profit that handily beat expectations.
U.S. stocks ended sharply higher on Tuesday, breaking a five-day losing streak as attention shifted from trouble in Chinese equities to U.S.
The French pharmaceutical giant Sanofi will pay at least $1.7 billion to enter a new collaboration with Regeneron Pharmaceuticals, this one aimed at developing drugs that harness the body's immune system to fight cancer.