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Two days after J.C. Penney's board of directors ousted Ron Johnson as chief executive, hedge fund manager and board member Bill Ackman broke his silence to say he's sticking by the beleaguered department store retailer.
So did at least one law firm, a hedge fund, a private equity fund, trade groups and lobbyists.
One is, as always, expressing the president's priorities. The second is to lure Congressional Republicans, again, into negotiations for a budget "grand bargain."
President Obama's fiscal 2014 budget plan proposes cancellation of or cuts to several weapons programs.
Homes are more affordable now than they have been in decades, but that could turn more quickly than expected, because the affordability is based entirely on mortgage rates.
According to Einstein, nothing's faster than the speed of light. But for some traders the speed of light—at least through fiber-optic cable—just isn't fast enough anymore.
The US Postal Service is delaying its plan to cease Saturday delivery of first-class mail, a service that it says is costly but that many Americans rely on.
Silicon Valley’s latest attempt to shape national policy risks attracting negative publicity, critics say.
President Barack Obama called the sequester reckless and said his 2014 budget proposal a "fiscally responsible blueprint for middle class jobs and our economy."
President Obama sent Congress a $3.8 trillion spending blueprint on Wednesday that strives to achieve a "grand bargain" to tame runaway deficits, raising taxes on the wealthy and trimming popular benefit programs.
The construction sector is poised for strong growth and will become a leading job creator, said Sheryl Palmer, CEO of homebuilder Taylor Morrison.
Instagram has yet to monetize its photo-sharing social network. It may want to take a page out of Twitter's monetization playbook.
Newly reappointed JC Penney CEO Mike Ullman detailed some of his top priorities in one of his first conversations with analysts since Ron Johnson was ousted this week as chief of the struggling retailer. The top priority: reconnecting with its customers.
Even as images of the Sandy Hook Elementary School shootings are fresh in America's conscious, a pro-gun group is sponsoring a promotion to give away a gun each day in April.
Staffers on the House Financial Services Committee received the minutes yesterday, a full day ahead of schedule.
With home listings down as the housing market heats up, some buyers are refusing to wait until the for-sale signs appear.
Wall Street regulations crafted after the financial crisis were written quickly during turbulent times and need to be changed, the head of the U.S. Chamber of Commerce told CNBC.
The 2013 Atlantic hurricane season will be "above average" with 18 tropical storms, nine of which will intensify into hurricanes, forecasters at Colorado State University predicted on Wednesday.
Ron Johnson's plush taste, against-the-grain ideas and controversial partnership deals all played a hand in his downfall at JC Penney after 17 months. The NYT reports.
Federal Reserve policy makers worried about increased risks due to the central bank's aggressive monetary stimulus, though most view those dangers as "manageable" for now.