Maersk said stringent cost cuts and higher freight rates helped its container business, but a recent slump in demand is expected to permeate results for the rest of the year.

After pulling out of the European smartphone market in November due to tepid demand, Panasonic is now placing its bets on the competitive Indian smartphone market.

Microsoft shares hit a new five-year high this week, as growth in the company's online software business helped the stock break out of its mostly decadelong rut.

J.C. Penney lost $348 million in its first quarter on top of nearly $1 billion in net losses last year, as sales continued to slide. The results are the last to reflect former CEO Ron Johnson's stewardship at the retailer.

Private colleges, worried they could be pricing themselves out of the market after years of tuition hikes, are getting more generous with the aid they're doling out.

What happened to your money this week.