The battle to rein in spending and overhaul taxes is something that Washington's policymakers must work "to get off the front page," Caterpillar CEO Doug Olberhelman told CNBC on Wednesday.
In tough times poverty stricken rural Romanian farm owners sell their old workhorses to slaughterhouses to make a little extra cash, and begin a process whereby horsemeat winds up on the dinner table.
Virgin America will launch new flights to Austin and Anchorage this year, bringing new competition for United and JetBlue.
The defense company Raytheon has created software that taps user data from social media companies to track people.
Apple cut the price on the base version of its 13-inch MacBook Pro laptop with "retina" display by $200 as it revamps its top-end laptops.
Apple has 100 employees working on a smartwatch, signaling that the company is past the experimental period in creating the new device, according to a recent report.
Under proposed rules for the Affordable Care Act, companies with 50 or more full-time employees will be required to offer benefit plans, or face fines. CNBC's Bertha Coombs takes a closer look at one small business, Batchbook, navigating Obamacare.
For large retail and restaurant chains the big unknown in the year ahead is how much more they'll pay for health coverage. Employers with 50 or more workers who put in 30 hours a week will be required to provide health care coverage or pay a fine, under the Affordable Care Act.
U.S. business inventories edged up in December as sales pushed higher, confirmation that a slow pace of warehouse restocking weighed on economic activity.
Comcast Chairman and CEO Brian Roberts told CNBC on Wednesday that he's "bullish and optimistic" about the prospects for NBCUniversal.
In London, surprisingly robust sales of Lamborghinis and Ferraris depend on mass-market techniques as the super-rich spend less freely.
Drugmaker Merck said Wednesday that the devaluation of Venezuela's currency will reduce its net income by about $200 million this year.
Deere, the world's largest farm equipment maker, reported first-quarter results above analysts' expectations as farmers geared up to plant the biggest corn crop in U.S. history.
Retail sales barely rose in January as tax increases and higher gasoline prices restrained spending. Separately, import and export prices rose slightly less than expected in the month.
The problem, Mackey explained, is that the type of benefit plans the government will likely mandate, will require more benefit coverage than he provides now.
A cruise line said it is making the passengers stranded aboard a disabled ship in the Gulf of Mexico as comfortable as possible, contradicting the accounts of some passengers who told relatives of filthy, hot conditions and limited access to food.
Retailer J.C. Penney increased its borrowing capacity under a bank credit facility by $100 million to $1.85 billion and expanded an option to borrow more at a later date, raising concerns among analysts as it works on a turnaround.
Applications for U.S. home mortgages fell last week, with purchase and refinance demand drying up as interest rates rose for the fourth week in a row, an industry group said on Wednesday.
Detroit Mayor Dave Bing, delivers speech on Wednesday to avoid losing much of his authority to a state takeover of the city's financial affairs.
As gasoline prices soar, consumers are blaming hedge funds who have been amassing winning bets on oil.