The federal government believes the Monterey Shale, which lies under more than 1,750 square miles of central and southern California, has far more shale oil than anywhere else in the lower 48 states — nearly four times the amount of the Bakken Shale in North Dakota.
U.S. home resales edged higher in January and left the supply of homes at its lowest level in 13 years, a sign that steam is gathering in the U.S. housing market.
Weekly jobless claims moved up while rising prices pointed to some inflation pressure, economic reports showed Thursday.
Manufacturing in the U.S. could take off on "the cheapest energy in the world," BP Capital Founder T. Boone Pickens told CNBC.
Chesapeake Energy reported a quarterly profit that topped Wall Street views, helped in part by lower-than-expected expenses.
As Google and other companies begin to build wearable technology devices, an industry not known for its fashion sense faces a new challenge, the NYT reports.
Hedge fund manager David Einhorn, who is battling Apple in court to distribute more of its cash, will now make a direct appeal to the company's shareholders.
Hackers have hit many U.S. companies, but few have admitted it. Now, some are going public, reflecting new ways of judging the risks and benefits of such moves.
Wal-Mart Stores reported quarterly earnings Thursday that topped analysts' expectations, but its guidance for the first quarter was short of consensus estimates.
American sportwear company Nike suspended its endorsement contract with South African Paralympian Oscar Pistorius on Thursday after he was charged with murdering his girlfriend a week ago.
Foxconn has imposed a recruitment freeze across most of its factories in China as it slows production of Apple's iPhone 5.
Every year, firms dutifully detail what their five highest paid executives receive in compensation. But the reported numbers don't always reflect reality. Here's what the really make.
The Justice Department and AB InBev asked a court for a short delay as the Budweiser parent seeks to save a $20 billion beer deal.
Tesla reported a wider-than-anticipated net loss for the fourth quarter as higher production costs offset better-than-anticipated revenues.
Some Fed policymakers think the policy may have to end earlier than promised.
A group of investors have filed a proposal calling for JPMorgan Chase to name an independent board chairman, splitting the CEO and chairman roles currently held by Jamie Dimon.
With the White House and the Speaker's Office publicly throwing barbs at each other, Wall Street increasingly believes the federal budget cuts known as the sequester are likely to take effect March 1.
The U.S. government must take a stand in light of new evidence of cyber attacks on American corporations by a Chinese military unit, Business Insider CEO Henry Blodget told CNBC.
Less than a year after opening, Atlantic City's newest casino and resort, Revel, has found itself headed to bankruptcy court.
Arne Sorenson, CEO of Marriott International, sees gridlock in Washington as a serious threat to his business.