Baltimore-based Legg Mason Inc. said Tuesday that its fiscal fourth-quarter profit increased 10 percent as it cut expenses to offset the impact of lower stock and bond assets. Net income rose to $76.1 million, or 54 cents a share, in ...

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NEW YORK — A published report says Apple Inc. uses subsidiaries in Ireland, the Netherlands and other low-tax nations as part of a strategy that enables the technology giant to cut its global tax bill by billions of dollars every ...

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NEW YORK — Apple, already the world’s most valuable company, hit the $600 billion level for the first time Tuesday. Only one other company has been worth $600 billion — Apple’s old sparring partner Microsoft Corp. It reached that valuation ...

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Forgive me for what will be a short post. Forgive me for any lack of wit. I’m tired. Why? I was really sick for a week in January and had to take a week off at the beginning of this ...

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WASHINGTON — U.S. community banks are gaining strength even though the economy is improving only moderately, Federal Reserve Chairman Ben Bernanke said Wednesday. The Fed chief delivered prerecorded remarks on a video monitor before a convention of community bankers in ...

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WASHINGTON — U.S. companies will have to keep hiring steadily to meet their customers’ rising demand. That’s the message that emerged Wednesday from a report that employers are finding it harder to squeeze more output from their existing staff. Worker ...

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ROCHESTER, N.Y. — Is Kodak’s moment past? The glory days when Eastman Kodak Co. ruled the world of film photography lasted for over a century. Then came a stunning reversal of fortune: cutthroat competition from Japanese firms in the 1980s ...

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NEW YORK — Greed on Wall Street set a record, authorities said Wednesday as they unveiled a nearly $78 million insider trading case that involved at least seven financial industry professionals and included a hedge fund co-founder who triggered a ...

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NEW YORK — Target Corp. reported a 3.7 percent increase in third-quarter profits, helped by solid spending and improvement in its credit card business. The Minneapolis discounter said Wednesday that it earned $555 million, or 82 cents per share, in ...

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NEW YORK — Target Corp., buoyed by its push into groceries and incentives it offers credit cardholders, posted a 3.7 percent increase in second-quarter profit and said earnings for the year will beat Wall Street estimates. Target is counting on ...

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