CNBC's Jane Wells reports a judge allowed Stockton, California, to move forward with Chapter 9 bankruptcy.
The Chapter 9 bankruptcy case for Stockton, Calif., is being closely watched nationally. At issue: Does federal bankruptcy law trump the California law that says debts to the state pension fund must be honored?
Dell warned on Friday that it would be dangerous to take on a lot of debt and remain a public company given its worsening profit outlook, in a sign that it views proposals from Blackstone Group and billionaire investor Carl Icahn as fraught with risk.
The Supreme Court indicated Wednesday it could strike down the federal Defense of Marriage Act, which prevents legally married gay couples from receiving a range of federal benefits that go to other married couples.
Thousands of people gathered outside the Supreme Court as a hearing takes place in regards to whether gay couples have the constitutional right to marry, reports CNBC's John Harwood.
The Supreme Court is hearing arguments today on whether gay couples have the Constitutional right to marry, reports CNBC's John Harwood.
The boom in new oil and natural gas flowing through U.S. pipelines is beginning to ripple through the wider American economy.
Eschewing the Sun Belt, retirees are finding ways to cope with the high prices and high taxes that come with enjoying a big-city lifestyle.
NBC has settled on two new stars for "The Tonight Show": Jimmy Fallon and New York City. The New York Times reports.
Google's YouTube said the number of unique users visiting the video-sharing website every month has reached 1 billion.
Expect "some evolution" in Hewlett-Packard's board in coming years or even months, one director said at the company's shareholder meeting in response to criticism over the botched Autonomy deal.
Yahoo has acquired Jybe, a company that recommends books, movies and restaurants to users via an iOS application.
A tax on wealthy New Yorkers follows efforts in other states to improve shaky balance sheets with revenue from those with top incomes.
Yahoo is in talks to acquire a controlling stake in Dailymotion, one of the world's most popular online video websites.
A federal grand jury on Monday indicted former CalPERS CEO Frederico Buenrostro on conspiracy charges in connection with a scheme to commit fraud, according to the U.S. Department of Justice.
U.S. Defense Secretary Chuck Hagel announced plans on Friday to bolster U.S. missile defenses in response to "irresponsible and reckless provocations" by North Korea, which threatened a preemptive nuclear strike against the United States last week.
One of China's largest private companies is quietly rolling out plans to establish a network of natural gas fueling stations for trucks along U.S. highways.
Improved weather is projected to result in a successful growing year, which could reduce the pressure on grain, livestock feed and consumer prices.
For many Americans, the improving economy has yet to take hold even as they hear about a stronger stock market and better jobs data.
Prominent short-seller David Einhorn raised eyebrows last month when he popped up on Twitter to disavow that he had tweeted about Herbalife.