In the latest major shake-up at Sam Zell's Equity International real-estate investment firm, three senior executives resigned this week, raising new questions about the firm's future.
The fact that Caterpillar's North American shipments of its machines to dealers fell 18% in April bodes poorly for Friday's report of April U.S. durable-goods figures. But the picture isn't so dire.
AT&T has added a new monthly administrative fee of 61 cents to the bills of all of its contract wireless lines as of May 1, a move that could bring in more than a half-billion dollars in annual revenue to the telecom giant.
Cerberus is eyeing about a half-dozen grocery chains, including Harris Teeter Supermarkets, for potential bids, as the private-equity firm weighs whether to further expand its grocery business.
McDonald's CEO Don Thompson, presiding over his first annual shareholders meeting since taking the helm, last summer, defended Ronald McDonald and the company's efforts to market to children.
Dover Corp. said it plans to spin off its fast-growing consumer-electronics unit that makes parts for smartphones like Apple's iPhone, in a surprising move to sharpen the company's focus on its industrial roots.