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S&P ekes out second record close after lackluster data

- U.S. shares ended little changed on Friday, with the S&P 500 edging up to a record high for a second straight session after a ream of weak economic data. | Video

Recent Business News

Hedge fund activists buy McDonald's, but are they lovin' it?

- Some of the top U.S. hedge fund investors and activists, including Jana Partners LLC, took new positions or raised their equity stakes in fast food chain McDonald's Corp during the first quarter, according to regulatory filings on Friday.

15 May 2015

Nomura, RBS must pay $806 million in mortgage bond case: U.S. judge

NEW YORK - A U.S. judge on Friday ordered Nomura Holdings Inc and Royal Bank of Scotland Group Plc to pay a collective $806 million for making false statements in selling mortgage-backed securities to Fannie Mae and Freddie Mac .

Top U.S. hedge funds continued to dump Apple amid rally

NEW YORK - Top U.S. hedge fund management firms, including Leon Cooperman's Omega Advisors and Philippe Laffont's Coatue Management, continued to reduce or slash stakes altogether in Apple Inc during the first quarter, as shares of the iPhone maker rallied.

Tech, Money 15 May 2015

Exclusive: Lockheed-Boeing venture lays off 12 executives in major reorganization

WASHINGTON - United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co , on Friday said it was cutting its executive ranks by 30 percent in December through what it called voluntary departures by 12 executives.

Wal-Mart presses case for repairs at stores in labor dispute

- Weeks after Wal-Mart Stores Inc was accused of shuttering a California store to stop workers from organizing, the company said it would seek permits to rip up floors and replace plumbing lines as part of significant repairs at five stores the retailer said justified their abrupt closure.

15 May 2015

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