Arizona Girds for Immigration Law

Both the undocumented and law-enforcement officers are preparing to face a new reality when Arizona's immigration law takes effect Thursday.

EU Banks Survive Stress Test

Regulators painted a rosier-than-expected portrait of the continent's beleaguered banking sector, provoking criticism that the government's "stress tests" weren't tough enough on banks.

Citigroup's Risk Chief Learned the Hard Way

Brian Leach, chief risk officer at Citigroup, knows well the downsides of risky bets. He paid for one of his own as a trader for Morgan Stanley in 1992. Now he's working to help the New York bank cut back its risk profile.

DJIA Rises 3.2% on the Week

The Dow industrials rose 102 points, or 1%, to 10424.62, up 3.2% for the week. The S&P 500 index breached 1100 for the first time this month.

Sanofi-Aventis Circles Genzyme

Sanofi-Aventis has made an informal acquisition approach to biotechnology drug maker Genzyme, which has a market value of about $14 billion. 

GE Restores Part of Dividend Cut

GE raised its quarterly dividend by two cents to 12 cents, as credit pressures that led it to slash its payout in early 2009 have eased.

Ford's Earnings Increase 13%

Ford's second-quarter profit rose 13% as it sold more vehicles at higher prices thanks to new models and high-tech features.

Wall Street Exhales After Pay Czar's Report

Wall Street took the latest government report on its pay practices in stride, saying it would review U.S. pay czar Kenneth R. Feinberg's suggestions about compensation while privately expressing relief that the report wasn't tougher on them.

Disney in Talks to Buy Playdom

Disney is discussing a deal to acquire online game developer Playdom for more than $500 million, as it looks to build a bigger presence in social games.

White iPhone 4 Is Delayed

Apple said the white version of the iPhone 4 won't be available until later this year, as it is proving difficult to manufacture.

FDA Approves Generic Lovenox

The FDA approved the first generic version of the big-selling blood thinner Lovenox, in a victory for a unit of Novartis.

U.K. Data Point to Sturdy Recovery

Britain's economy grew more quickly than expected last quarter, underscoring the sturdiness of its recovery and easing fears that the euro zone's debt problems and austerity measures at home could push the country back into recession.