Business News

Read full story for latest details.

Home sales continued to climb in April, according to the latest reading on the housing recovery from an industry trade group.

Sony shares spiked to their highest level in two years Wednesday as the company said it would consider a proposal to spin off its movie and music division.

Royal Bank of Scotland and Lloyds won't need to tap investors or taxpayers for new funds to bolster their financial strength as they prepare to be returned to the private sector.

Read full story for latest details.

Read full story for latest details.

Read full story for latest details.

The U.K. should spend more on infrastructure projects this year and cut corporate taxes to shore up its fragile economic recovery, said the International Monetary Fund.

Read full story for latest details.

All eyes are on Ben Bernanke and the Federal Reserve Wednesday as investors await clues about whether the central bank will continue to pump money into the financial system.

Wall Street analyst reports are like paper hankies: useful when needed but less than durable and easily disposed of afterward. Not so the annual "Car Wars" report by Bank of America Merrill Lynch's John Murphy. Published each May for some two decades, it provides a glimpse into the future of the U.S. auto business. By detailing every redesigned model due over the next four years, it has become the most authoritative analysis of what's coming to the market and how it will impact individual manufacturers. To find out more about future models, you'd need a telephoto lens and top security clearance