BofA in Multibillion Dollar Settlement Talks Over Mortgage Securities

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Bank of America is engaged in multibillion-dollar settlement talks with the Justice Department to end investigations into shoddy residential mortgage backed securities.

Stolen Roche Cancer Drug on Market

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Europe's top medicine authority warns that stolen vials of Roche Holding's cancer drug Herceptin has been reintroduced in some parts of Europe.

Carrefour Completes Real-Estate Deal With Klépierre

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French retailer Carrefour completed the creation of Carmila, the real-estate vehicle whose role will be to enhance the value of the shopping centers next to Carrefour hypermarkets.

GIP Exploring Sale of Ruby Pipeline Stake

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Global Infrastructure Partners is exploring a sale of its 50% stake in the Ruby Pipeline, which delivers natural gas from the Rocky Mountains to West Coast consumers, according to people familiar with the matter.

Yellen: Fed's Rate Considerations Hinge on 3 Big Questions

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Fed Chairwoman Janet Yellen, in a speech to the Economic Club of New York, sketched out the central bank's three "big questions" as it considers when the U.S. economy will be healthy enough to shift course on interest-rate policy.

China Growth Slows to 7.4%

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China's GDP growth slipped in the first quarter to its slowest level in 18 months as the world's second-largest economy continued to downshift.

Tesco Earnings Decline

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Tesco wrote down the value of its European business by $1.23 billion and reported the U.K.-based supermarket chain's second consecutive drop in annual earnings.

GM Chief Can't Shake Recall Furor

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General Motors' Barra sought to shift the focus to the auto maker's coming new vehicles and away from investigations of a troubled ignition-switch recall.

Airline Postpones Paris-Beijing Flights Due to Russia

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French privately-owned airline Aigle Azur said is postponing the start of regular service between Paris and Beijing until the first quarter of 2015 because Russian civil aviation authorities are refusing to allow its planes to fly through Russian airspace.

Post Holdings Near Deal for Michael Foods

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Cereal maker Post Holdings is nearing a deal to buy food processor Michael Foods Group for as much as $2.5 billion.

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