Procter & Gamble says CEO swap doesn't signal "bigger problem"

Procter & Gamble Co. wants to make something clear to investors: The replacement of Chief Executive Bob McDonald with his predecessor A.G....

Abercrombie & Fitch earnings stumble, stock slumps

Teen retailer Abercrombie & Fitch Co. stumbled hard in its first quarter, with same-store sales diving 15% and profit missing Wall Street’...

Prius leads 2013 California car sales; domestic brands make gains

The Toyota Prius hybrid was the bestselling vehicle in California during the first quarter of this year, narrowly outpacing Honda’s redesigned...

Durable goods orders bounce back in April, jumping 3.3%

WASHINGTON -- Orders for airplanes, appliances, computers and other long-lasting durable goods jumped 3.3% in April after a sharp decline the previous...

Stocks close mixed, market down for the week

Major stock indexes closed out their first weekly loss in a month in quiet trading Friday.

New California health insurance rates unveiled

Amid anxiety over rising costs from the federal healthcare law, California received better-than-expected insurance rates for a new state-run...

If this health plan is 'socialism,' we need more of it

So this is what socialism looks like: Private companies competing for people's business in an open marketplace.

Sears reports bigger-than-expected 1Q loss

NEW YORK (AP) — It was another ugly quarter for Sears Holdings Corp.

Wall St. bucks global slump

NEW YORK — After bracing for a steep fall, Wall Street barely shrugged at a sharp sell-off in stock markets around the globe.

Navy conducts first test flight of Northrop's Triton drone

Aerospace giant Northrop Grumman Corp., plagued by setbacks with its pricey high-flying spy drones, has come up with a new version for the Navy that...

New home sales climb in April

New home sales climbed strongly in April, an indication that a long-awaited building market comeback is strengthening.

Freddie Mac: Mortgage rates higher, 30-year fixed averages 3.59%

Mortgage rates have risen for the third week in a row, with Freddie Mac's survey of lenders pegging the average 30-year fixed-rate home loan at 3.59%,...

Initial jobless claims drop to 340,000 after one-week spike

WASHINGTON -- Initial unemployment claims dropped back to a level indicating moderate job growth last week after a spike the previous week raised...

Twitter adds two-step verification option to help fend off hackers

Twitter has rolled out a two-step verification, a feature users can turn on to give themselves more protection against would-be hackers.

Jennifer Lopez, Verizon team up to launch mobile brand Viva Movil

Jennifer Lopez: actress, singer, dancer, fashion designer, and now, mobile phone mogul.

Chevy Spark EV lease highlights electric-car price cuts

General Motors is joining the electric-car price war with a lease deal on the Chevrolet Spark EV at $199 a month.

Pickup truck surge is powering strong May auto sales

May is turning out to be another good month for car sales, according to auto research firms J.D. Power and Associates and TrueCar.com.

Pay your taxes, Europe warns multinationals

LONDON — European leaders fired a warning shot in the battle against multinational companies that exploit loopholes or set up complicated...

UnitedHealth, Aetna and Cigna opt out of California insurance exchange

Some prominent health insurers, including industry giant UnitedHealth Group Inc., are not participating in California's new state-run health insurance...

Palm Springs' Downtown PS redevelopment to get underway

Palm Springs, already in the midst of a long-overdue makeover, is now scrapping an empty downtown shopping mall along once-fashionable Palm Canyon...

Fed's mixed messages roil markets

WASHINGTON — The Federal Reserve's unprecedented stimulus efforts are starting to box in the nation's central banker.

Hewlett-Packard's slump continues as revenue drops 10%

Hewlett-Packard Co.'s slump continues. Its quarterly earnings marked the seventh consecutive decline in revenue compared with the same period the...

Auto Club to cut automobile insurance for 1 million customers

About 1 million customers of the Automobile Club of Southern California will get an average $65 reduction in their annual car insurance bills, the...

With U.S. market share surging, Ford ramps up production capacity

Ford Motor Co. is expanding its production capacity to take advantage of the shift in buyer sentiment toward smaller cars and SUVs and for F-series...