Alcatel-Lucent plans to rework its balance sheet and significantly tighten its focus to a handful of core businesses, in an effort to return the telecommunications-equipment maker to profitability, the company said.
Four of the largest U.S. mortgage servicers failed to comply with parts of a $25 billion landmark national mortgage settlement, the watchdog overseeing the process said.
Clothing chain Men's Wearhouse terminated its founder and public face, George Zimmer, from his position as executive chairman. Mr. Zimmer said he was being silenced after expressing concerns about the direction.
A hearing this week on whether to substantially reduce former Enron CEO Jeffrey Skilling's 24-year prison sentence comes amid a growing debate about the rules for punishing white-collar criminals.
Manchester United's parent company plans to drive margins above 30% by splitting some of its global sponsorship deals into regional packages, leveraging the English football club's global fan base.
Chrysler agreed to recall about 1.56 million Jeeps to address consumer concerns, documents released on Wednesday indicated, even as it denied the vehicles have defects that render them unsafe to passengers in rear-end collisions.
Should the US broker a peace treaty with the Taliban?