Wholesalers slashed inventories more than expected in April as businesses struggled to get stockpiles in line with falling sales.
The Procter & Gamble Co. board is meeting after published reports that it's ready to act on a long-anticipated CEO succession plan.
Investors are reacting coolly to word that 10 of the nation's largest banks can repay $68 billion in bailout money.
General Motors Corp. said Tuesday the former chairman and chief executive of AT&T Inc. will become chairman.
A black Southern Baptist pastor has asked his denomination to acknowledge the importance of President Barack Obama's election, despite the convention's opposition to many of his policies.
Black, Latino and Asian lawmakers want President Barack Obama to focus more on racial disparities reported in medical treatment as the White House works toward overhauling the nation's health care system.
As a soldier in World War II, William Dabney was used to the military's segregated quarters. An African-American, he had no contact with his white counterparts.