Fitch Ratings said on Wednesday that a menu of automatic spending cuts would not trigger a U.S. credit downgrade, but a failure to hike the country’s debt limit will ultimately cost the world’s largest economy its triple-A rating.
Median-income families in only one major U.S. city actually can afford to buy a new car, a new study finds.
Clearwire said it will take $80 million in financing from Sprint Nextel in the form of exchangeable notes.
The U.S. government is cutting back at a pace exceeded in the last half-century only by military war demobilizations. The NYT reports.
Applications for U.S. home mortgages sagged for a third straight week last week, even as mortgage rates eased slightly, an industry group survey showed on Wednesday.
Best Buy founder Richard Schulze's effort to take the company private is in trouble after attempts to secure financing faltered, while an alternative strategy to line up minority investors may not pan out either, Reuters reported.
Cablevision sued Viacom for forcing it to pay for more than a dozen low-rated cable networks in order to get access to Viacom's more popular channels such as Nickelodeon, MTV and Comedy Central.
New Jersey Governor on Tuesday approved online gambling within the state's border, to help boost state revenues.
Jumbo loans are returning to the mortgage market after almost disappearing entirely in the wake of the credit crisis of 2008 and the real estate meltdown.
Tribune Co., the media company that recently exited a four-year bankruptcy, hired bankers to sell its flagship newspaper properties, according to two people familiar with the matter.
The rhetoric has been flying on automatic spending cuts but now America has spoken: 52 percent say the sequester is a "bad idea," the latest NBC/WSJ poll shows.
Priceline reported earnings that topped forecasts, which the company attributed to improved hotel- and car-rental reservations.
Apple CEO Tim Cook will be under pressure to reveal more details about what the company's cash plans are at the annual shareholder meeting Wednesday.
JPMorgan Chase announced plans Tuesday to slash $1 billion in costs. The financial giant will also cut its staff by about 4,000 jobs this year, the company said.
"Penta-millionaires," those worth $5 million or more, are happier than the merely rich, a new study shows.
Some people have brought religion into the debate over America's aversion to eating horse meat. But really, it's just economic common sense.
Best Buy says it has cut about 400 jobs at its Richfield, Minn., headquarters.
President Obama approaches Friday's budget deadline with a far stronger reputation than Republicans, an NBC News-Wall Street Journal poll has found.
Apple is easier to deal with under CEO Tim Cook than during Steve Job's reign, according to the head of one of Europe's major telecommunication companies.
It appears like quarterback Tom Brady will finish his football career where it started, with the New England Patriots. Reports are that the three-time Super Bowl winner has agreed to a three-year contract extension that keeps him with the team through the 2017 season.