Best Buy's founder Richard Schulze is stepping down as chairman of the beleaguered consumer-electronics chain.

Coca-Cola Co. is giving mid-calorie sodas another try, this time with Sprite and Fanta.

If you're as busy as I am, asking you to weigh in on yet another request for comment from the Consumer Financial Protection Bureau is likely to be greeted with a well-understood "humph."

Ousted Yahoo CEO won't get severance

A new program in Virginia will make it easier for veterans to get jobs in the transportation industry.

JPMorgan Chase CEO Jamie Dimon owned up to stock analysts and went on TV to accept blame for a $2 billion trading mistake.

LOCAL EVENTS

A huge underwater power line to serve wind farms planned off the East Coast cleared a regulatory hurdle Monday, although construction is still years away.

Home sales rose in South Hampton Roads last month and prices ticked up, according to a report released Monday. The Real Estate Information Network, a Virginia Beach-based multiple-listing service, reported that 1,037 existing homes sold last month, up 8.9 percent from March and up 13.6 percent from April 2011.

NORFOLK A former real estate broker and developer pleaded guilty Monday to a federal bank fraud charge, admitting his role in a larger conspiracy involving Bank of the Commonwealth. Recardo S. Lewis, 61, was described in U.S. District Court as "a minor participant" in a scheme to defraud the bank out of millions of dollars.