OTTAWA—Canada moved to toughen measures for the rail shipment of dangerous goods, including ordering the immediate phaseout of the least crash-resistant tank cars and setting a three-year timeline for shippers to phase out or retrofit substandard tank cars.
General Electric Co. named John J. Brennan, a former chairman of mutual fund Vanguard Group, as lead independent director on the company's board, a signal the company is carefully considering investor interests.
A consortium backed by Lawrence Ho agreed to raise its stake in a casino project on the outskirts of Vladivostok to 85%, as the gambling mogul expands his empire beyond Macau and into far eastern Russia.
A bankruptcy judge on Wednesday cleared distressed investor Clearlake Capital Group to acquire plus-size women's clothing retailer Ashley Stewart out of its Chapter 11 case.
Brinker International Inc.'s said its third-quarter profit climbed 8.3% as the operator of the Chili's Grill & Bar and Maggiano's Little Italy chains posted higher same-restaurant sales at its chains.
A consortium developing the giant Kashagan oil field in Kazakhstan, that has been closed since last October, has concluded that pipelines carrying both oil and natural gas from offshore wells need to be replaced, the deputy head of the group said.
Delta Air Lines first-quarter earnings surged, with higher revenue and passenger demand and despite a sharp rise in flight cancellations from adverse weather.
Reynolds American Inc. said first-quarter revenue rose 2.8% as the cigarette maker posted stronger volumes from its smokeless products.
Biogen Idec Inc. said its first-quarter profit jumped 12%, as strong sales of its pill-based multiple-sclerosis treatment Tecfidera drove revenue higher.
Polaris Industries Corp. raised its full-year guidance as it reported a 7.2% increase in its first-quarter profit.
"One Love, One Rhythm: The Official FIFA World Cup Album," featuring the likes of Pitbull, Claudia Leitte, Shakira and Santana, marks an effort to target the hard-to-define demographic: the pan-Latin American consumer.
IBM unveiled the first computers based on its latest microprocessor chips, the technology behind a high-stakes effort to help revive IBM's sagging hardware business and take sales from Intel.
More accident victims are protesting General Motors' use of its 2009 bankruptcy sale to shield it from liability related to an ignition-switch defect, telling a judge GM should be "held accountable for its egregious wrongdoing."
The British coal industry is on the point of fizzling out, following the planned closure of two of its three remaining deep mines in northern England. Among the beneficiaries: Russian exporters of the commodity.
Pact between Google and SunPower will provide financing support for about $250 million of residential solar-lease projects.
Primark, a clothing chain whose formula of fashionable looks at rock-bottom prices has proved a hit with U.K. shoppers, plans to open its first U.S. store in the former Boston home of the original Filene's Department Store.
TE Connectivity said its fiscal second-quarter earnings rose on sales growth driven by its transportation and industrial segments as well as stronger margins.
Tupperware Brands Corp. raised its full-year guidance as sales in the first quarter continued to reflect strength in the company's emerging-markets business.
Cnooc Ltd. is selling multibillion dollar bonds in three portions, partly to repay loans related to $15.1 billion purchase of Canadian oil-sands operator Nexen Inc.
Johnson Controls Inc. said its second-quarter earnings climbed as the manufacturer of car batteries and automotive seating reported higher automotive production in all regions.
Glaxo's decision to sell its cancer-drug business to Novartis sent shock waves around the industry—and there could be still more consolidation ahead in the cancer space.
Facebook's purchase of virtual-reality headset maker Oculus VR has secured Federal Trade Commission approval.
Cracker Barrel Old Country Store's shareholders overwhelmingly rejected two nonbinding proposals put forth by activist investor Sardar Biglari, the company said, pointing to preliminary results from Wednesday's special meeting.
U.S. media group Gannett Co. said first-quarter profit slid 43%, as an increase in operating expenses offset revenue gains driven by its broadcasting business.
Norfolk Southern said its first-quarter earnings fell 18% as the railroad operator's revenue declined modestly.
General Motors said thousands of kits with ignition switches, ignition cylinders and key sets have been shipped to repair cars included in its recent safety recall.
HBO agreed to license older episodes of its programming library to Amazon's Prime Instant Video streaming service, the first time the premium cable channel has struck such a deal with an online streaming service.
EMC Corp. said Wednesday its first-quarter earnings fell 32% as a rise in some of the data-storage provider's costs offset revenue growth.
South Korea's LG Household & Healthcare said it is considering a bid for U.S. cosmetics company Elizabeth Arden.
Ingersoll-Rand said its earnings fell as stronger revenue and margins were masked by restructuring-related expenses and the spinoff of its commercial and residential security operations.