The Fed minutes triggered a sell-off in equities as investors fretted over a possible end to historically low interest rates. The upside? Analysts say this reflects confidence in the U.S. economy.
Al Jazeera's announced plans to establish a new U.S. cable news channel via the purchase of Current TV isn't even 48 hours old and already it finds itself in a vicious battle to retain distribution rights.
In a surprise move, several Federal Reserve members said they want to end quantitative easing this year, but analysts said that doesn't mean the central bank will make a major policy shift anytime soon.
With interest rates predicted to stay low for the rest of the year, prospective borrowers can save for their down payment and improve damaged credit scores.
Richard Kovacevich, former chairman & CEO of Wells Fargo, sizes up the "fiscal cliff" agreement and what we have to look forward in the debt ceiling debate. "I'm stunned and shocked that basically, nothing has been done," he says.
Rep. John Boehner was re-elected House speaker on Thursday as the 113th Congress ushered in the new and the old -- dozens of eager freshmen determined to change Washington and the harsh reality of another stretch of bitterly divided government.
Former SAC Capital portfolio manager Mathew Martoma pleaded not guilty at his arraignment on charges of security fraud. The next hearing in the case is scheduled for March 5.
Automakers ended the year with the December sales rate expected to be about 1.5 million vehicles stronger. The final monthly sales rate is projected to be 15.5 million vehicles.
Minutes from the Fed's December policy meeting showed a growing reticence about further increases in the central bank's $2.9 trillion balance sheet, which it expanded sharply in response to the financial crisis and recession of 2007-2009.
After bruising fights in GOP ranks over the "fiscal cliff" and aid for victims of super storm Sandy, Congress started a new session Thursday with Republicans more divided than ever.
The Justice Department has reached a $1.4 billion settlement with Transocean Ltd., the owner of the rig that sank after an explosion killed 11 workers and spawned the massive 2010 oil spill.
"Given how cantankerous the fiscal cliff negotiations were, we do not have much faith," says economist Joseph LaVorgna. "We do not see how this is going to be good for business spending and hiring."
The latest batch of retail sales reports shed light on who the retail winners are right now.
The Federal Trade Commission closed its investigation against Google for antitrust violations Thursday.
Wracked by the recession, state governments overall are starting 2013 in their best financial shape in several years. USA Today reports.
Major hotel chains are building properties featuring two hotels in one location to save on development costs during tough economic times.
Fears of tax hikes in 2013 sent sales of high-end Manhattan properties soaring.
The SEC's whistleblower program report reveals that one state has a very high number of whistleblowers compared with the size of its economy. This suggests that the state also has a high-level of corporate wrongdoing.
Major automakers reported U.S. auto sales in December that were broadly higher on Thursday. Although most topped estimates, Toyota's sales fell short of expectations.
Microsoft bought start-up id8 Group R2 Studios as it looks to expand further in technology focused on the home and entertainment.