(Reuters) - Troubled electronics retailer RadioShack Corp is preparing to shut down the chain in a bankruptcy deal that would see half the stores taken over by Sprint Corp, Bloomberg News reported, citing people with knowledge of the discussions.
(Reuters) - Exxon Mobil Corp said on Monday its quarterly profit fell 21 percent as weak oil prices took a toll, but results topped Wall Street expectations due to a tax adjustment and higher earnings from its chemicals business.
NEW YORK (Reuters) - Oil prices rose strongly again on Monday, tacking on a total of 11 percent over two straight sessions, as some investors bet that a bottom had formed to the seven-month long rout on the market even as others remained pessimistic.
WASHINGTON (Reuters) - A plan by regulators for the world's biggest banks to hold more capital to withstand financial shocks is overly demanding, major U.S. bank groups said on Monday, urging further study into how to avoid future taxpayer bailouts.
DETROIT (Reuters) - Nissan Motor Co has rejected a U.S. State Department offer to mediate a dispute between the company and the United Auto Workers over claims of anti-union practices as the UAW tries to organize workers in Mississippi.
(Reuters) - Lululemon Athletica Inc founder Chip Wilson said on Monday he is quitting the board of directors of the yogawear retailer, hit nearly two years ago by a major recall, because the company was back on track with a strong management team.
DETROIT (Reuters) - The number of eligible claims for deaths and injuries linked to the defective General Motors Co ignition switch that led to the recall of 2.6 million older cars should rise, an official responsible for administering the victim compensation fund said on Monday.