Business

The Justice Department has launched a criminal probe into allegations that subsidiary helicopter maker Sikorsky and two subsidiaries overbilled the Navy, United Technologies Corp. said Friday.

Even as TV watchers increasingly go online, AT&T has become the country’s biggest traditional TV provider with its $48.5 billion purchase of DirecTV.

The Food and Drug Administration on Friday approved a first-of-a-kind drug that lowers artery-clogging cholesterol more than older drugs that have been prescribed for decades.

The health care overhaul law has reshaped the health insurance business, and one consequence is more than $100 billion in mergers and acquisitions over the last few years.

Transportation Secretary Anthony Foxx said Friday the government has opened a price-gouging investigation involving five airlines that allegedly raised airfares in the Northeast after a deadly Amtrak crash in Philadelphia in May disrupted rail service.

More than 140,000 night lights are being recalled because they can overheat and spark a fire. Other recalled consumer products this week include strollers with a foam piece that could be detrimental and dressers that need to be secured to a wall.

Anthem Inc.’s $48 billion purchase of rival Cigna Corp. is set to create the nation’s largest health insurance company. The combination, in tandem with Aetna Inc.’s pending purchase of rival insurer Humana Inc., would leave three health insurers that would dominate the rapidly changing industry landscape in the U.S. Sluggish growth in traditional employer-paid health […]

A federal appeals court on Friday revived a legal challenge to the Consumer Financial Protection Bureau, the federal office created to protect consumers in financial dealings with banks, lenders and credit card companies.

The European Medicines Agency has recommended approving what would be the world’s first licensed malaria vaccine, even though it’s only about 30 percent effective and its protection fades over time.