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U.S. automotive sales should hit 13.9 million new vehicles this year as low interest rates and a mild recession in Europe keep the American economy humming.

China's Xiwang Special Steel plans to raise up to $217 million in a Hong Kong initial public offering, a person familiar with the situation said Saturday.

Goldman Sachs cut CEO Lloyd Blankfein's stock bonus for the first time since the financial crisis, the latest sign that Wall Street executives are paying for a year of mixed financial performance.

Regulators in Switzerland and the U.K. stepped up pressure on Swiss and foreign banks, extending a probe into alleged manipulation of interest rates and disclosing possible action against UBS in a trading scandal.

Caterpillar said it will close a locomotive plant in London, Ontario, following a lockout, eliminating about 450 jobs that mostly paid twice the rate of a U.S. counterpart.

A computer hacker group continued a wave of attacks against Brazilian financial websites, hampering the sites of Citigroup and other prominent institutions.

Prominent hedge-fund manager Philip Falcone's Harbinger Capital Partners lost 47% last year in its biggest fund on a hefty markdown on the value of its largest investment in wireless network LightSquared.

The two reactors at the San Onofre nuclear-power station will stay shut down this weekend while federal safety officials investigate why critical—and relatively new—equipment is showing signs of premature wear.

Orange-juice futures settled lower as traders discounted the prospects for a ban on juice imports into the U.S. It appears they weren't off the mark.

Barbara Desoer, a high-profile mortgage executive who once was a candidate to become chief executive of Bank of America, is leaving as the financial giant retreats from the home-loan business.

Hewlett-Packard agreed to give its stockholders the chance to approve so-called proxy access through a bylaw vote at its 2013 annual meeting.

Shares of South African mobile-phone operator MTN fell after the company said it is investigating claims by Turkey's largest mobile-phone operator that it engaged in corruption to secure a deal in Iran.

Spirits maker Beam, which posted better-than-expected earnings, expects established brands and new flavors to help it outperform the broader category's growth this year.

Steven R. Appleton, chairman and chief executive of Micron Technology died Friday when the high-performance airplane he was piloting crashed at Boise, Idaho's airport.

Brunello Cucinelli, the Italian founder of the premium cashmere clothing line of the same name, said he had filed a request with regulators to list a third of his company's stock in Milan.

Some Apple devices were unavailable for sale briefly on Friday in Germany, as part of a patent tussle with Motorola Mobility.

A Hungarian man was sentenced to two and a half years in prison Friday for hacking into Marriott International's computer system and threatening to reveal confidential business information if the company didn't give him a job.

Clorox said fiscal second-quarter sales rose more than expected with help from higher prices, overcoming concerns that tepid demand in North America would crimp sales for household staples.

Walgreen's same-store sales slid 4.6% in January as the drugstore chain's prescriptions sales were battered by the loss of major customer Express Scripts.

The SEC named a top federal-government auditor to a seat on the Public Company Accounting Oversight Board.