BOSTON— The University of Massachusetts and seven labor unions have reached an agreement to pay $10.9 million in retroactive pay to faculty and staff. UMass President Martin Meehan and the unions announced the deal on Thursday. UMass spokesman Robert Connolly says if the funds aren't appropriated, the university will be forced to make mid-year cuts.» Read More
Michaels, the biggest U.S. arts and crafts retailer, said on Saturday it is working with federal law enforcement officials to investigate a possible data breach on its systems that process payment cards.
The DoJ and the CFTC have both held investigations into whether BofA engaged in improper trading by doing its own futures trades ahead of executing large orders for clients.
Samsung Electronics Co posted its first decline in quarterly profit in two years, hit by a one-off special bonus as well as slowing smartphone sales.
EBay reported a higher profit for the holiday quarter as more transactions were paid with its PayPal service.
The Mortgage Bankers Association said its index of mortgage application activity rose in the latest week.
A U.S. cybersecurity firm says it has gathered evidence that the Russian government spied on hundreds of American, European and Asian companies.
A local currency hit by months of political unrest, and skittish consumers spending less are keeping the pressure on Thai billionaire Dhanin Chearavanont.
Discount airline Norwegian Air Shuttle ASA said on Tuesday that a fuel leak on a Boeing Co 787 Dreamliner caused a flight to be delayed by 19 hours.
"Results are running light, and negative announcements have been off the hook," one analyst said amid a spate of disappointing reports.
Texas Instruments plans to cut 1,100 jobs worldwide as part of a corporate restructuring intended to help it save $130 million by the end of 2014.
Starboard Value has urged Darden Restaurants Inc to delay the spinoff of its struggling Red Lobster chain.
Softbank Corp has entered direct talks with Deutsche Telekom, Bloomberg reported on Sunday.
Goldman has been quietly moving thousands of jobs to cheaper cities like Salt Lake City in recent years, a move that's finally paying off.
Nintendo said on Friday that sales of its Wii U consoles had flopped, pushing it to a third consecutive annual loss.
Singapore's GIC Pte Ltd is partnering a group of investors to buy $1.3 billion worth of Manhattan office space from Time Warner Inc..
Nu Skin shares plunged on concerns over an investigation by Chinese authorities' into its business practices in the country.
U.S. Treasury says foreign holdings of long-term and short-dated U.S. securities tanked in November.
Australian miners shoveled record tonnages of iron ore in the December quarter, supported by billions of dollars worth of expansion plans coming on stream.
A judge rejected a conservative challenge to insurance subsidies available to people that declined to establish their own online marketplaces.
A U.S. federal judge dismissed a lawsuit challenging new rules forcing banks to tell IRS officials about accounts held by foreigners.