Under pressure from U.S. safety regulators, Takata Corp. has agreed to declare 33.8 million air bags defective, a move that will double the number of cars and trucks included in what is now the largest auto recall in U.S. history.
KFC is bringing back Colonel Sanders as the fried chicken chain seeks to refresh its image by harkening back to its past.
The U.S. housing market has given a sudden jolt to what appeared to be a slumping economy.
Federal regulators are proposing that PayPal Inc. pay $25 million to resolve allegations that it illegally signed up customers for its online credit product, used misleading advertising and mishandled billing disputes.
United Parcel Service Co. agreed to pay more than $25 million to settle complaints that it kept false records to hide late deliveries and collect more for overnight packages to government customers.
A record number of travelers are expected to take to the skies this summer thanks to a rebounding economy.
U.S. homebuilders are feeling slightly less confident about their sales prospects, a reflection of the sluggish start to this spring's home-selling season.
The Supreme Court ruled unanimously Monday in favor of participants in employee retirement plans who object to companies' investment decisions that eat into retirement savings.
The death toll from faulty ignition switches in small cars made by General Motors has reached 104.
Investors can for the first time bet on the value of bitcoins through an established stock exchange after Nasdaq launched an index based on the virtual currency in Stockholm, Sweden.
The average national price of a regular gallon of gasoline has jumped 22 cents in the past three weeks to $2.80.
Toys R Us is closing its iconic FAO Schwarz store, citing the high and rising costs of running the retail space on New York City's pricey Fifth Avenue.
The number of people seeking U.S. unemployment benefits ticked lower last week, pushing down the four-week average of applications to its lowest level since April 2000.
A sharp drop in the cost of gasoline and food pushed down overall U.S. producer prices in April.
Mortgage giant Freddie Mac says the average rate on a 30-year fixed-rate mortgage rose to 3.85 percent this week from 3.80 percent a week earlier.