Warren Buffett's company is investing $500 million in Insurance Australia Group and taking on 20 percent of that company's new business.
Target will sell its pharmacy and clinic businesses to the drugstore chain CVS Health for about $1.9 billion in a deal that combines the resources of two retailers seeking to polish their health care reputations.
U.S. factory output slipped in May, hurt by a decline in oil refining that overshadowed solid gains by automakers.
United Technologies Corp. announced Monday it is shedding Sikorsky Aircraft, and whether it ultimately sells or spins off the helicopter maker, the union that represents its workers and local officials are confident that the exodus of well-paid manufacturing jobs in Connecticut will not play out again.
Saudi Arabia's stock market, valued at $585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices.
U.S. homebuilders are feeling more confident about their sales prospects than they have since last fall, while their outlook for sales over the next six months is at the highest level in 10 years.
Airbus is betting on big jets as the future of aviation, while rival Boeing is gambling on smaller ones - but both sold scores of planes of all sizes at the Paris Air Show on Monday, defying predictions of slowing demand.
U.S. gasoline prices have risen again but at a slower pace.
Mayor Eric Garcetti signed into law on Saturday an ordinance that makes Los Angeles the biggest city in the nation to gradually raise the minimum wage to $15 an hour.
A leading Republican supporter of trade legislation that House Democrats drove to defeat said Sunday that President Barack Obama must sway members of his own party if he wants to save the measure.
Prices at the wholesale level rose at the fastest pace in nearly 3 years in May, pushed higher by a sharp jump in the cost of gasoline and a record increase in the price eggs related to an outbreak of avian influenza.
With a last-minute trip to the Capitol, President Barack Obama sought to quell a revolt Friday among House Democrats threatening to torpedo top-priority legislation to strengthen his hand in global trade talks.
Dominique Strauss-Kahn had a caustic reaction as four years of legal battles involving sex charges on two continents ended without a single conviction: "All that for this?"
Honda Motor Co. is setting aside another $363 million to fund a growing recall of air bags that can explode with too much force.
For a South Korean tour agency, the outbreak of Middle East respiratory syndrome feels like a bigger threat to business than a North Korean attack or nuclear reactor meltdown.