After five years at the helm of telecoms company Alcatel-Lucent, CEO Ben Verwaayen has announced he is to step, down telling CNBC that the execution required to complete the firm's turnaround may be beyond his abilities.
When an outside analysis uncovered serious flaws with thousands of home loans, JPMorgan Chase executives found an easy fix. The NYT reports.
The U.S. economy could take a big hit from automatic government spending cuts even if Congress only leaves them in place for a month or two.
Standard and Poor's has hired John Keker, one of the country's top white-collar defense attorneys, to help fight a $5 billion lawsuit brought by the U.S. government this week.
Boeing is working on battery design changes that would minimize fire risks on its grounded 787 Dreamliner and could have the passenger jet flying again as soon as March, the Wall Street Journal reported on Wednesday.
Yelp on Wednesday reported a loss for the fourth quarter that was wider than Wall Street analysts' expectations.
The Federal Reserve said that one of its websites had been briefly breached by hackers, though no critical functions of the U.S. central bank were affected.
Texas Gov. Rick Perry has released a radio ad in California hoping to lure businesses to the Lone Star state. California Gov. Jerry Brown's reaction? "It's a big nothing."
Visa's first-quarter profit that exceeded market's expectation for the ninth quarter in a row. "I'm most impressed by the upside to revenue," one analyst said.
U.S. refiners are the clear winners in the recent rally--but at consumers' expense. If gas prices stay at $3.60 or higher for the rest of the month, it will cost consumers an extra $10 billion in the first quarter.
The threat of a cyber-attack tops the threat of losing money as the primary risk business executives worry about, according to a new survey sponsored by insurance giant AIG.
"I believe we will return to growth this year," said the CEO of J.C. Penney in an interview with CNBC. "As we approach this year, the number one priority is to return to growth."
The growing oil supply glut in the Midwest and the inability to transport and offload these supplies via pipeline to refineries along the Gulf Coast has created the widest price differential of the year between the world's largest oil futures contracts.
Following a year in which his hedge fund again badly underperformed, investor Whitney Tilson has shed his stake in Apple and promised clients his decision to go solo would reap them benefits.
Over the past month, hundreds of thousands of Monopoly fans worldwide voted for which new token should replace one of the iconic ones being retired after countless journeys past Go. The results are in.
Jeff Bewkes, CEO of Time Warner, said that "Netflix is competition, but it's reasonable competition."
The divide between new and existing home prices is wider than ever and as one analyst notes, "The only people who can buy are people who are very well off, so that's created a positive mix shift."
Let's help out the former Treasury Secretary with title suggestions for his upcoming book.
"This is just one step in a plan to resolve our finances," Postmaster General Patrick Donahoe said in an interview on CNBC.
Shares of the nutritional-supplement company are down 20% since the hedge-fund managers duked it out on CNBC on Jan 25.