Business News

Business GM stock hits 10-month low, under IPO price GM stock hits 10-month low, under IPO price
Shares of General Motors Co. fell to a 10-month low Friday as the company's widening recall crisis put a coveted upgrade of its credit rating in doubt.
Business JPMorgan's first-quarter profit falls 20 percent JPMorgan's first-quarter profit falls 20 percent
JPMorgan Chase, the biggest U.S. bank by assets, said Friday its first-quarter earnings fell 20 percent, driven by a decline in investment banking and mortgage lending.
Business Wells Fargo's earnings rise 14 percent Wells Fargo's earnings rise 14 percent
First-quarter profit for Wells Fargo & Co., the biggest U.S. mortgage lender, surged 14 percent in the latest quarter as the bank continued to trim its losses on soured loans.
Business Amazon's Bezos offers update on drone deliveries Amazon's Bezos offers update on drone deliveries
CEO Jeff Bezos' annual letter to shareholders offers a glimpse into Amazon's internal workings and what it is aiming for in the future, including more grocery services and the much-discussed drone delivery.
Business Airlines' on-time record took a beating in Feb. Airlines' on-time record took a beating in Feb.
The bad news for travelers is that U.S. airlines posted terrible on-time numbers and record cancelations in February, as winter storms fouled operations at several large airports.
Business Another profitable quarter, Rite Aid breaks out Another profitable quarter, Rite Aid breaks out
Rite Aid has left the recovery ward and appears ready to break into a sprint after booking its sixth straight quarterly profit and making a deal to strengthen the drugstore chain's foothold in the burgeoning health clinic market.
Business EBay, Icahn settle proxy fight EBay, Icahn settle proxy fight
Ebay and billionaire activist investor Carl Icahn have settled their proxy fight ahead of the company's annual meeting.
Business Helicopter helps repair project in Kern River Canyon Helicopter helps repair project in Kern River Canyon(Video)
For weeks, drivers may have spotted signs warning they could spot a helicopter in use for a construction project in the Kern River Canyon. The overhead help is now underway, pouring concrete for a repair job near a Southern California Edison power plant.
Business Toyota recalls 1.8M vehicles in the US Toyota recalls 1.8M vehicles in the US
Toyota Motor Corp. is recalling 6.39 million vehicles globally for a variety of problems spanning nearly 30 models in Japan, the U.S., Europe and other places.