Eli Lilly said on Friday it expects 2013 earnings to increase to $3.75 to $3.90 per share excluding items.
A provision of the "fiscal cliff" deal loosens restrictions on who can convert their traditional IRAs to a Roth IRAs, and when. Critics say the changes will lower revenues in the long run.
The U.S. securities regulator has decided not to take action against David Sokol, once considered a possible candidate for the top job at Warren Buffett's Berkshire Hathaway, Sokol's lawyer told Reuters.
Treasury Secretary Timothy Geithner's plans to leave near the end of January put the White House in a tricky spot, depriving the Obama administration of its longest-serving economic adviser for its next fiscal showdown with Congress.
A Shell oil drilling rig grounded off an Alaska island since a New Years Eve storm has suffered damage from waves and flooding but has spilled none of the 155,000 gallons of fuel and other oil products aboard, officials managing the incident said on Thursday.
Independent ratings agency Egan-Jones, which slashed the U.S. sovereign credit rating twice last year, said it has no intention of further downgrading the country this year, praising efforts by U.S. lawmakers to avert the "fiscal cliff".
Samsung is expected to widen its lead over Apple in global smartphone sales, helped by a broad product lineup, a market researcher firm said Friday.
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.