Charles River Laboratories International Inc., a U.S. medical research equipment and services company, said Friday it is canceling a $1.6 billion acquisition of WuXi PharmaTech after shareholder objections.

Honda's quarterly profit ballooned to a record $3.2 billion while Mazda reduced its losses, rounding out a tale of recovery among Japanese automakers.

Far-reaching aviation safety legislation developed in response to a deadly commuter airline crash in western New York last year was approved by the House late Thursday.

Stock futures dropped Friday as investors cautiously awaited the government's first reading on gross domestic product. GDP, the measure of the economy's total quarterly output, is likely to confirm that the recovery slowed in the second quarter.

British Airways PLC on Friday said its losses widened 15 percent to 122 million pounds in the three months ending June 30 as operations were disrupted by cabin crew strikes and a cloud of volcanic ash from Iceland.

After 20 months running drugmaker Sanofi-Aventis SA, Chris Viehbacher wants to end the roller coaster of revenue peaks and valleys as blockbuster drugs climb to billions in sales and suddenly plummet when generic competition hits.

BP gas station owners across the country are divided over whether the oil giant stained by its handling of the Gulf spill should rebrand U.S. outlets as Amoco or another name as part of its effort to repair the company's badly damaged reputation.

President Barack Obama is going to the heart of the U.S. auto industry to push an important election-year claim: his administration's unpopular auto industry bailout has turned into an economic good-news story.

EADS NV, the parent company of plane-maker Airbus, on Friday raised its outlook for 2010 -- despite a 61 percent drop in second quarter earnings -- as a resurgence in commercial aviation boosted hopes that a painful two-year downturn is over.

The already fragile economic recovery may be getting weaker. Economists expect the government to report Friday that economic growth slowed in the April-to-June quarter as consumers bought less, builders pulled back further, and cash-hungry state and local governments cut spending.