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Several senior executives at HTC have left the company in recent weeks, signaling a broader management shake-up at the struggling smartphone maker and putting a spotlight on CEO Peter Chou.

Wal-Mart named Dan Bartlett, a former adviser to President George W. Bush, to head its corporate and government affairs. He will succeed Leslie Dach, who led the retail giant's decadelong push to remake its corporate image.

Big phone companies have started to sell the data they gather about subscribers' locations, travels and Web-browsing habits, providing a powerful tool for marketers but raising new privacy concerns.

Lowe's net profit rose 2.5% as the home-improvement retailer reported slightly lower expenses, but revenue was almost flat and results missed Street estimates.

Samsung is stepping up investments to beef up its mobile business, this time taking a 10% stake in local handset maker Pantech.

Target posted a 29% drop in quarterly earnings and lowered its outlook, citing weak sales in seasonal and weather-related categories.

Staples said quarterly profit fell 9.2% as the office-supplies retailer's North American and European same-store sales continued to weaken.

A team of former Las Vegas Sands executives with experience in Macau has been chosen to manage the gambling operations of a $3.5 billion resort in the Bahamas.

The International Monetary Fund said that recent economic data were “encouraging” but did not point to a sustainable recovery in the near term.    

Two of Britain’s largest banks, Royal Bank of Scotland and the Lloyds Banking Group, outlined plans on Wednesday to increase their capital reserves.    

The chief executives of eight leading energy utilities criticized the European Union's political leaders for the bloc's fragmented energy policy, calling for a more favorable market environment to encourage investment in energy infrastructure.

The chairman and CEO of Puerto Rico's Popular declared his candidacy to become president of the International Olympic Committee.

Microsoft unveiled a reinvented Xbox game console that demonstrated the software giant's most aggressive play yet for control of consumers' living rooms.

Pearson's book publishing business, Penguin Group, has agreed to pay $75 million to settle a dispute in the U.S. over the way it priced electronic books, drawing to a close an investigation into the publishing industry's e-book pricing tactics.

The Federal Reserve chairman, Ben S. Bernanke, told Congress that a premature tightening of monetary policy “would carry a substantial risk of slowing or ending the economic recovery.”    

Carol Margolis considers herself an experienced traveler, but even she was not prepared for what happened on a recent trip from Norway to Colorado.    

The market for bonds backed by a single loan on commercial real estate is booming for the first time since the financial crisis.

It is rare for an investment firm to be charged under the Racketeer Influenced and Corrupt Organizations Act, a powerful legal tool used against the Mafia and drug gangs.

Pfizer plans to shed its majority stake in animal-health company Zoetis, continuing Pfizer's efforts to its hone its focus on drugs and vaccines for humans.

The forum was to focus on entities based in Europe, but it comes after the United States Senate found that Apple had reduced taxes by recording income in Ireland.