FedEx has been indicted by a federal grand jury on charges of shipping powerful prescription drugs for illegal online pharmacies, the latest major company targeted by federal law enforcement for playing a part in the proliferation of such drugs on the black market.
AbbVie inked a nearly $55 billion deal to acquire Irish drugmaker Shire, the companies announced in a joint statement Friday.
Forbes said Friday it will sell a majority stake in the family owned magazine publisher to a Hong Kong-based investor group.
IBM reported a ninth straight quarter of declining sales as demand fell for hardware and computer services, underscoring the urgency of its plan to get more revenue from newer businesses like cloud computing.
Honeywell International reported an upbeat second-quarter profit and lifted the lower end of its earnings outlook range for 2014.
The Hershey Co. announced an average 8 percent increase in wholesale prices this week due to rising prices of raw cocoa, dairy, nuts, packaging, fuel, utilities and transportation.
General Electric says its net income rose 13 percent in the second quarter and that orders were especially strong in developing countries.
The downing of a passenger plane flying over eastern Ukraine rattled U.S. markets Thursday, deepening a slide set off by disappointing company earnings and a weak homebuilders report.
Google's second-quarter earnings rose 6 percent as World Cup fever drove more traffic to the Internet company's search engine and YouTube video site while Android devices spurred more sales through its mobile store.
Mattel's profit sagged 61 percent in the second quarter, weighed down by slowing sales of its Barbie and Fisher-Price products.
UnitedHealthcare expects to play a much bigger role in the health care overhaul next year as Obamacare begins offering growth opportunities for insurers.
Morgan Stanley said Thursday its quarterly profit increased more than twofold on strong performances from investment banking and money management.
Philip Morris International's second-quarter profit declined 13 percent, stung by foreign exchange rates for the U.S. dollar.
Airbus beat rival Boeing in the aircraft order stakes at this year's Farnborough International Airshow, garnering nearly twice as many orders and commitments.
Yum Brands reported a 19 percent increase in second-quarter profits, boosted by rebounding business at KFC in China where worries about food safety have eased.