American International Group is basing bonuses and incentive pay on its new "forced ranking" system that measures the performances of about 10,000 employees.

Bond underwriters handling the Obama administration-backed Build America bonds have collected more than $1 billion in fees so far.

The electronics giant will shift to "attack" mode by ramping up unit production and attempting to shore up market share, despite trailing rivals planning earlier 3-D models.

The News Corp. chief urged leaders in the U.A.E. and the wider Middle East to encourage greater press freedom and tolerate critical coverage in order to boost growth in the regional media industry.

A Food and Drug Administration panel recommended the agency approve a proposed lung drug, pirfenidone, from InterMune for the treatment of idiopathic pulmonary fibrosis.

Toyota and federal investigators probed the latest report of sudden acceleration, a dramatic incident on a California highway that ricocheted around the Internet.

Prosecutors equipped several cooperating witnesses with recording devices to try to obtain information about targets in the Galleon insider-trading probe.

The U.K. bank is seeking a retail lender that would give it more deposits and extend the presence of Barclays Capital in the U.S.

BofA lawyers have agreed to reimburse lawyers for a Miami developer after a judge's rebuke for trying "to score a litigation point" in an ongoing foreclosure dispute.

RBS's U.S. global banking and markets unit increased staff levels by 4% last year and plans to continue hiring, in an illustration of how insulated its transatlantic business has been from a departure of employees in the U.K.

Chevron plans to eliminate about 2,000 positions this year from the company's crude-oil refining and marketing business.

Europe's leading aerospace company said it swung to a loss in 2009 as problem contracts weighed on earnings despite solid underlying results.

Retailer J. Crew Group swung to a fourth-quarter profit and posted full-year earnings that exceeded pre-recession levels.

Metro-Goldwyn-Mayer creditors are signaling that they would rather convert their debt to equity than sell for an unsatisfactory price.

Cisco unveiled a piece of equipment for the core of the Internet it says can transmit three times as much data as its current hardware, though its introduction won't directly translate into faster connections for consumers.

India's top micro-finance institutions will join credit bureaus to ensure the world's poorest borrowers don't get overburdened with too many microloans.

The auto maker is contacting dealers slated to be dropped from its sales network to discuss settlement offers, an effort to avoid drawn-out arbitration with hundreds of franchise owners.

Enbridge Inc. is itching to get going on its proposed Northern Gateway Pipeline stretching from outside Edmonton, Alberta, to Kitimat, B.C.

Abbott Labs will bulk up its product pipeline with a $722 million deal for Facet Biotech, which had rebuffed overtures from development partner Biogen Idec.

Upscale retailer swings to a $4 million second-quarter profit after steep write-downs weighed on year-ago results.