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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

GM recalls heavy duty trucks with Takata air bags

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.

Dollar Tree to sell 330 Family Dollar stores to Sycamore Partners

- 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.

29 May 2015

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.

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

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