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Strong sales could shift Ford, GM to higher gear

NEW YORK - Shares of U.S. automakers may finally be able to accelerate.

Recent Business News

Intel close to deal to buy Altera for $16 billion: sources

- Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $16 billion acquisition agreement, people familiar with the matter said on Friday. | Video

Deals, Tech 29 May 2015

Bank of America to improve compliance practices, pay $30 million fine to OCC

- Bank of America Corp agreed with U.S. regulators to improve its compliance practices and pay a fine for violations in lending rules toward military personnel.

Oil leaps 5 percent as dollar rally stalls, U.S. rigs fall

NEW YORK - Crude oil prices jumped almost 5 percent on Friday, their biggest rally in 1-1/2 months, as a steady U.S. dollar and a bigger than expected drop in U.S. oil rigs in operation set off a renewed rush of bullish bets.

29 May 2015

U.S. economy contracts in first quarter; dollar hurts corporate profits

WASHINGTON - The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly. | Video

29 May 2015

U.S. dealmaking at record year-to-date high

LONDON - Dealmaking in the United States has made its strongest start to a year since Reuters records began in 1980, climbing 52 percent year on year to $746.9 billion in the Jan. 1 to May 28 period.

29 May 2015

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