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  • As Clock Ticks, Can the US Avert 'Fiscal Cliff'? Thursday, 27 Dec 2012 | 11:28 PM ET

    President Obama will meet with congressional leaders on Friday in a last-ditch effort to avert a fiscal crisis. The NYT reports.

  • Norman Schwarzkopf Jr., the hard-charging U.S. Army general whose forces smashed the Iraqi army in the 1991 Gulf War, has died at the age of 78, a U.S. official said on Thursday.

  • 'Container Cliff' Avoided Until Early February Thursday, 27 Dec 2012 | 8:20 PM ET
    Members of International Longshore and Warehouse Union Local 63 Office Clerical Unit walk a picket line near APM Terminals, halting cargo at the busiest seaport complex in the nation.

    After a week of negotiations, The Federal Mediation and Conciliation Service announced that an agreement has been reached between the International Longshoremen's Association and the U.S. Maritime Alliance.

  • Justice Department Opens Probe Into Autonomy: HP Thursday, 27 Dec 2012 | 6:46 PM ET

    Hewlett-Packard said the Justice Department has notified the firm that it has opened an investigation into Autonomy.

  • Stocks Have a Bad Case of the 'Fiscal Cliff' Jitters Thursday, 27 Dec 2012 | 5:26 PM ET

    Stocks are increasingly vulnerable as the "fiscal cliff" deadline nears, but traders are still betting politicians will compromise on a deal to head it off, even if it's early in 2013.

  • Will 'Fiscal Cliff' Accelerate Millionaire Deaths? Thursday, 27 Dec 2012 | 5:04 PM ET

    If the life of an elderly wealthy family member extends into 2013, the tax bills will be substantially higher.

  • Shoppers Are Left Dangling on the 'Fiscal Cliff' Thursday, 27 Dec 2012 | 4:20 PM ET

    Despite strong sales early on, the "fiscal cliff" left shoppers hanging on the edge.

  • Hundreds of Flights Canceled as Storm Pounds Eastern US Thursday, 27 Dec 2012 | 2:36 PM ET
    A pedestrian crosses the Smithfiled Street Bridge in Pittsburgh.

    A powerful winter storm forced the cancellation of about 200 U.S. flights on Thursday, as heavy snow and high winds pummeled the northeastern U.S.

  • As Market Optimism Grows, Is It Time to Get Out? Thursday, 27 Dec 2012 | 1:40 PM ET

    Mom-and-pop investors may be coming off the sidelines just as the pros are ready to take a breather, setting up a dicey start for 2013.

  • Consumer, Businesses Brace for 'Fiscal Cliff' Thursday, 27 Dec 2012 | 12:51 PM ET

    Business managers have blamed uncertainties over the looming "fiscal cliff" for their lack of new hiring. We may be about to find out just how justified those fears are.

  • Banks Face an Uncertain 2013: BankUnited CEO Thursday, 27 Dec 2012 | 11:54 AM ET

    The banking industry faces an uncertain regulatory environment in 2013 as Dodd-Frank rules continue to be written but big bank stocks could continue to perform well even after a strong 2012, BankUnited CEO John Kanas told CNBC on Thursday.

  • Americans Stay at Jobs Longer as Options Dwindle Thursday, 27 Dec 2012 | 11:34 AM ET

    With the labor market still on the ropes, Americans who have jobs are hunkering down and staying at them longer.

  • Apple CEO to Earn 1% of Last Year's Pay Thursday, 27 Dec 2012 | 10:43 AM ET
    Apple CEO Tim Cook speaks with Apple products displayed on a large screen during an Apple special event at the historic California Theater on October 23, 2012 in San Jose, California.

    Apple Chief Executive Tim Cook will receive total compensation of $4.17 million in 2012, down from a $378 million pay package in 2011 that included stock awards.

  • Flights Amid Storms More Likely to Be Canceled Thursday, 27 Dec 2012 | 10:24 AM ET

    Airlines are increasingly canceling flights ahead of predicted storms due to better technology and new federal rules that punish airlines if they keep passengers waiting in planes too long, analysts said.

  • New Home Sales Rise to Highest Level Since 2010 Thursday, 27 Dec 2012 | 10:02 AM ET

    New U.S. single-family home sales accelerated in November to the fastest pace in 2 1/2 years and median sales price jumped, but economic optimism was tempered by a report showing falling consumer confidence.

  • Snow Covers 65 Percent of US     Thursday, 27 Dec 2012 | 9:55 AM ET

    The Weather Channel's Eric Fisher reports the winter storm that swept across the nation is now exiting Maine.

  • Jobless Claims Continue Trend Lower; Sandy Fades Thursday, 27 Dec 2012 | 8:31 AM ET

    The number of Americans filing new claims for unemployment aid fell last week to nearly its lowest level in 4 1/2 years, a sign that the labor market is healing.

  • Chipmaker Marvell Loses $1.17 Billion Patent Verdict Thursday, 27 Dec 2012 | 5:53 AM ET

    A federal jury on Wednesday found that Marvell Technology Group infringed two patents held by Carnegie Mellon University, and ordered the chipmaker to pay $1.17 billion in damages.

  • Piano Maker Steinway Takes Down 'For Sale' Sign Thursday, 27 Dec 2012 | 4:02 AM ET

    Steinway Musical Instruments, the famous manufacturer of pianos, saxophones and trumpets, said on Wednesday it had decided not to sell itself following a 17-month-long exploration of strategic alternatives.

  • Big Pharma Bets on Obesity Drug Binge Thursday, 27 Dec 2012 | 2:18 AM ET

    As Christmas overeating gives way to under-fulfilled new year diets, the pharmaceutical industry's appetite has been whetted for a fresh surge in business.

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