The Fed upgraded its economic assessment and said near-term risks have diminished, effectively leaving the door open to raise rates as early as September.
Boeing said Wednesday that it may stop production of the 747, ending nearly a half-century of producing the plane that became the aircraft of choice for the U.S. president and other heads of state.
Taikang Life Insurance Co. has disclosed a 13.5% stake in Sotheby’s, citing a “positive view” of the auction company’s prospects as well as potential interest in a board seat.
BHP Billiton said it would record a provision of over $1 billion relating to last year’s deadly dam failure at a Brazilian iron-ore mining operation.
Apple has a China problem, and it may only worsen, as Chinese smartphone makers offer better products and appeal to consumers to buy homegrown hardware.
Coca-Cola Co. lowered its 2016 revenue outlook after second-quarter volumes stalled for the first time in more than a decade, hurt by falling sales in China and other developing markets.
Cost pressures and merger uncertainty shouldn’t derail Anthem shares for long.
What Japan appears to be heading toward isn’t necessarily novel—but has worked before.
Eli Lilly CEO John Lechleiter will retire at the end of the year, the company said Wednesday, capping nearly four decades at the pharmaceutical manufacturer and an eight-year tenure at its helm.
Facebook’s mobile bet has shrunk the time it takes the social network to leap from one milestone to the next: On Wednesday, Facebook topped $2 billion in quarterly profit, six months after crossing the billion dollar mark for the first time.