General Electric set targets for reducing GE Capital to less than half its size ahead of the financial crisis by the end of next year.

Target posted a 29% drop in quarterly earnings and lowered its outlook, citing weak sales in seasonal and weather-related categories.

Boeing on Wednesday outlined plans to return to shareholders around 80% of the cash generated by its bulging aircraft order book by trimming capital and development spending and potentially boosting production rates.

Tim Cook challenged Senate investigators who reported Apple paid no corporate income tax on tens of billions of dollars in overseas income over the past four years and urged reforms.

Concerned about the need to fight antibiotic resistance and possible bioterrorist attacks, the U.S. government will give drug maker GlaxoSmithKline up to $200 million over the next five years to help fund research into new antibiotics.

At least two investor groups have expressed interest in salvaging Fisker Automotive, the troubled maker of luxury plug-in hybrid cars, but both proposals would require the Obama administration to accept pennies on the dollar for a taxpayer funded loan.

Faced with public outrage over tax-evasion scandals at a time of austerity budgets, European leaders are trying to ensure that everybody—from high rollers to big multinationals—pays their fair share.

KKR weighing an investment in Saks, possibly with an eye toward merging the high-end department store with rival Neiman Marcus, according to a person familiar with the matter.

France's Carrefour said it is selling its 25% stake in a Middle Eastern joint venture to local partner Majid Al Futtaim Holding for €530 million ($686 million).

Several senior executives at HTC have left the company in recent weeks, signaling a broader management shake-up at the struggling smartphone maker and putting a spotlight on CEO Peter Chou.