Bank of America Corp., the second- biggest U.S. credit-card lender, reached a $783 million accord with regulators who said the firm deceptively sold debt cancellation and identity theft-protection products to millions of consumers.
Megaworld Corp., the Philippine builder controlled by billionaire Andrew Tan, plans to spend at least $5 billion in the next decade to develop properties for the nation’s expanding outsource services industry.
General Motors Co. is recalling 1.55 million vans, sedans and sport-utility vehicles, citing concerns over brakes, seat belts and air bags, adding to 1.6 million cars recalled this year due to faulty ignition switches.
Avianca Holdings SA is limiting sales in Venezuelan bolivars as currency controls leave the airline unable to withdraw cash from the country valued at $300 million, Chief Financial Officer Gerardo Grajales said.
Verizon Wireless, the largest U.S. mobile-phone carrier, said it is closing three U.S. call centers and relocating employees because it wants to improve customer service and make better use of existing facilities.