James Murdoch was grilled during a media-ethics inquiry about News Corp.'s political influence in Britain and his handling of a scandal over illicit reporting tactics at the company's British tabloids.

Prosecutors filed the first criminal charges in the Deepwater Horizon accident, accusing a former BP engineer of allegedly destroying evidence.

American International Group sued Steven Udvar-Hazy, the co-founder and former CEO of its giant aircraft-leasing business, accusing the industry veteran of stealing trade secrets and other confidential information for a rival company he now runs.

A handful of blue chips pushed the Dow industrials higher, but weakness in Apple's shares were a drag on the Nasdaq again.

Wal-Mart stepped up efforts at damage control on Tuesday as the retailer's shares sank for a second day and its former Mexico chief resigned his seat on MetLife's board of directors.

Amgen is nearing a deal to buy Turkish generic-drug company Mustafa Nevzat for roughly $700 million, according to people familiar with the matter.

Baidu's first-quarter earnings rose 76% as the Chinese Internet giant's revenue continued to surge.

Hungary's MOL said it won't help finance the massive Nabucco pipeline, dealing a blow to an effort to lessen European dependence on Russian gas.

French luxury-goods giant LVMH Moët Hennessy Louis Vuitton, looking for new ways to reach luxury consumers in Asia, launched the Chinese-language version of its editorial-only platform nowness.com.

Shutterfly will acquire Kodak Gallery from Eastman Kodak after no other bidders came forward for the online photo service.