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David Westin's departure as head of ABC News is unlikely to alter its shift to a leaner, lower-cost approach to news gathering he initiated.

A surging yen is encouraging third-party websites to jump in with deep discounts on high-end luxury goods.

H-P sued to block former CEO Mark Hurd from joining rival Oracle as a senior executive, citing trade-secret and other concerns.

Goldman Sachs Group is about to start selling municipal bonds directly to Mom and Pop.

Barclays confirmed investment-banking boss Robert E. Diamond Jr. will become the U.K. bank's chief executive next spring, as officials tried to dispel the notion the move represented a fundamental shift.

Bristol-Myers Squibb agreed to acquire biotechnology company ZymoGenetics Inc. for $9.75 a share in cash, in a deal valued at about $885 million.

Executives said proposed new tax breaks might accelerate some investment plans but many said they'd rather see income-tax cuts to spur consumption and a wider tax overhaul.

Vodafone, under pressure to divest minority holdings, is selling its 3.2% stake in China Mobile for $6.58 billion. Proceeds will be used for stock buybacks and debt repayment.

The sudden departure of HSBC Chairman Stephen Green for the post of U.K. trade minister has touched off a scramble to find his replacement.

Global banking regulators appear poised to demand larger reserves, which they believe will prevent a future financial crisis, and reserves of higher quality, under so-called Basel 3.

A federal judge in Chicago handed a partial victory to Anheuser's U.S. arm, ruling that an Illinois beer-distribution law discriminates against out-of-state brewers.

Questions about the rigor of recently completed stress tests imposed on European banks dragged down global stock markets and drove up borrowing costs for several European nations.

The Justice Department said Cisco and Westcon Group North America agreed to pay $48 million to settle charges that the companies made misrepresentations during contract negotiations with the federal government.

Ireland extends certain government guarantees for its troubled banks in a bid to quash escalating concerns about the health of the nation's troubled financial sector.

Russia may sow the same amount of winter grain this year as in 2009, government officials and farmers said, although some experts called the crop projections overly optimistic.

SEC Chairman Mary Schapiro said the agency is looking at a practice others have called "quote stuffing" to assess whether it violates "existing rules against fraudulent or other improper behavior."

Chinese state-owned Sinochem Corp. has approached Singapore's state investment company, Temasek Holdings, to discuss the potential creation of a bidding consortium for Potash Corp.

Eldorado Gold withdrew its competing bid for Andean Resources, saying it wouldn't top Goldcorp's offer of $3.48 billion.

With fresh worries about European banks compounding fears of a volatile autumn, one of the Tuesday's biggest options trades braced for stocks at levels not seen since this time last year.

Bruce Amlickehas returned to UBS to oversee its primary hedge-fund of funds unit after five years with Blackstone Group.