Recent Business News
DETROIT - General Motors Co is recalling about 375,000 heavy duty pickup trucks equipped with passenger-side air bag inflators made by Takata Corp , the U.S. automaker said.
- Discount retailer Dollar Tree Inc agreed to sell 330 Family Dollar Stores Inc stores to private equity firm Sycamore Partners to get antitrust approval for its $8.5 billion takeover of Family Dollar.
- 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
- 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.
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