Business News

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Think that a secure password and erasing your phone's memory will protect sensitive information on your smartphone? Think again.

A rally on Wall Street fizzled Wednesday afternoon as investors remain focused on the Federal Reserve.

European leaders took the fight to tax cheats Wednesday with a pledge to share bank account data across the European Union and accelerate initiatives to tackle abuse by companies.

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Pope Emeritus Benedict had made cleaning up the Vatican's reputation for shady money a top priority, and Pope Francis is continuing the effort.

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Home sales continued to climb in April, according to the latest reading on the housing recovery from an industry trade group.

Sony shares spiked to their highest level in two years Wednesday as the company said it would consider a proposal to spin off its movie and music division.

Royal Bank of Scotland and Lloyds won't need to tap investors or taxpayers for new funds to bolster their financial strength as they prepare to be returned to the private sector.

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The U.K. should spend more on infrastructure projects this year and cut corporate taxes to shore up its fragile economic recovery, said the International Monetary Fund.

Watch out Apple and Samsung? Caterpillar launched a drop-proof, water-proof, dust-proof smartphone Monday that you actually wouldn't be embarrassed to carry around with you.

All eyes are on Ben Bernanke and the Federal Reserve Wednesday as investors await clues about whether the central bank will continue to pump money into the financial system.

Wall Street analyst reports are like paper hankies: useful when needed but less than durable and easily disposed of afterward. Not so the annual "Car Wars" report by Bank of America Merrill Lynch's John Murphy. Published each May for some two decades, it provides a glimpse into the future of the U.S. auto business. By detailing every redesigned model due over the next four years, it has become the most authoritative analysis of what's coming to the market and how it will impact individual manufacturers. To find out more about future models, you'd need a telephoto lens and top security clearance

Across the country, law enforcement officials are warning seniors to beware of so-called "grandparent scams," in which fraudsters are impersonating a grandchild in distress -- and begging for cash.

It's common for companies to make big cash donations after a disaster. But following Monday's tornado in Oklahoma City, several firms are going beyond writing a check, offering help through the use of their equipment, staff, buildings and other in-kind donations.