CBS Outdoor's stock surged in its debut on the New York Stock Exchange, gaining 8 percent, to $30.24 in morning trading.
Pacific Gas & Electric Co. said Thursday the company will likely face federal criminal charges for its role in a fatal gas pipeline explosion in San Bruno, Calif.
Ally Financial filed for an initial public offering that could raise as much as $3.06 billion, with the U.S. Treasury planning to sell 95 million shares for $25-$28 per.
Baxter International is dividing itself into two separate businesses, one to focus on biopharmaceuticals and the other on other medical products.
Bank of America agreed Wednesday to pay $9.5 billion to settle claims by government-sponsored mortgage finance giants Fannie Mae and Freddie Mac.
Taco Bell has launched an ad campaign featuring everyday men who happen to have the same name as the McDonald's mascot known for his bright red hair and yellow jumpsuit.
Satellite TV companies Dish and DirecTV are reportedly talking merger in the wake of consolidation in the TV cable industry.
The Federal Reserve is barring Citigroup and four other big banks from increasing their dividends or buying back their own stock because they need better plans for coping with a severe recession.
Virgin America earned its first full-year profit just in time for a possible IPO this year.
Rupert Murdoch said on Wednesday he had promoted his son Lachlan Murdoch to vice-president of his media empire.
The World Trade Organization ruled Wednesday that China has violated international trade rules with its export restrictions on minerals that have key industrial and high-tech uses.
Barington Capital Group is calling on Darden Restaurants, Olive Garden's parent company, to consider looking for a new CEO.
The stock market opened higher Wednesday following a strong report on U.S. manufacturing, but "Candy Crush Saga" flopped in its market debut.
Michael Cavanagh, who had been considered a possible successor to CEO Jamie Dimon, is joining The Carlyle Group to become co-president and co-chief operating officer.
An investment fund is taking issue with Coca-Cola's pay proposal for management, saying it shareholders the short end of the stick in light of the company's slowing growth.