Even if Congress does vote to create an Internet sales tax, Amazon may still be able to vanquish its foes -- and could even make money by collecting the new taxes for other retailers. NYT reports.» Read More
April 17- Bank of America Corp has reached a record $500 million settlement with investors who claimed they were misled by its Countrywide unit into buying risky mortgage debt.
April 9- The board of J.C. Penney Co Inc is facing scathing criticism from investors and corporate governance experts after ousting Chief Executive Ron Johnson and replacing him with his own embattled predecessor, Myron Ullman. More than 16 hours after the change, Penney's website still listed Johnson as CEO.
Penney shoppers: Meet the new boss. The struggling department store chain parted ways with Chief Executive Ron Johnson, who failed to win over shoppers and investors with his everyday-low-price strategy, and on Monday rehired Johnson's predecessor, former CEO Myron Ullman, to revive the company.
A large oil tanker broke loose from a pier and struck the Sarah Mildred Long Bridge in New Hampshire, reports CNBC's Brian Sullivan.
NEW YORK, March 23- New York City Mayor Michael Bloomberg, a staunch advocate of tougher gun control laws, will bankroll a $12 million national advertising campaign aimed at key members in the U.S. Senate, the mayor said in an interview with The New York Times published on Saturday.
LONDON, March 20- Oil rose to around $108 a barrel on Wednesday, recovering from a three-month low, on hopes the United States would continue its stimulus programme and European policymakers would ensure the crisis in Cyprus did not spread.
Auto insurance rates vary according to how many drivers are on the road, how safe they are, even who decides lawsuits.
*Obama discusses deficit reduction with Paul Ryan. President Barack Obama expanded his fledgling search for Republican allies on a possible deficit-reduction deal when he hosted lunch on Thursday for Paul Ryan, one of the House of Representatives' leading fiscal conservatives.
President Barack Obama expanded his fledgling search for Republican allies on a possible deficit-reduction bargain when he hosted lunch on Thursday for Paul Ryan, one of the House of Representatives' leading fiscal conservatives.
DETROIT, March 7- Ford Motor Co is recalling about 230,000 older minivans globally to fix a corrosion problem that could prevent the fold-down third-row seats from locking in place.
*Washington may be responding to public impatience. WASHINGTON, March 6- Legislation easily passed the U.S. House of Representatives on Wednesday to avert another partisan budget battle and a possible government shutdown, as President Barack Obama also opened new lines of communication with Republicans.
It was not clear when Wednesday's meeting, which has not been confirmed by the White House, would take place, with the federal government shut down as Washington faced heavy snow forecasts. The White House on Sunday suggested talks could center around a broad budget deal that includes new tax revenues as well as reforms to entitlement programs.
The New York Times, which first reported the dinner, also said the president plans to make a rare visit to Congress next week for separate meetings with Republicans and Democrats in the Senate and House of Representatives, citing unidentified sources.
WASHINGTON, March 4- Tension over the U.S. fiscal crisis eased on Monday as President Barack Obama called more opposition lawmakers to find a way to stop $85 billion in damaging budget cuts and congressional Republicans announced a plan to prevent a government shutdown.
WASHINGTON, March 4- President Barack Obama, unable to persuade Republicans to accept higher taxes, is attempting to cobble together what he calls a "common-sense caucus" among lawmakers to help resolve U.S. budget woes and push his legislative agenda.
*Government agencies to cut $85 billion in spending. WASHINGTON, March 1- President Barack Obama formally ordered broad cuts in U.S. government spending on Friday night after he and congressional Republicans failed to reach a deal to avert automatic reductions that could dampen economic growth and curb military readiness.
*Washington to begin $85 billion in cuts. Put in place during a bout of deficit-reduction fever in 2011, the automatic cuts can only be halted by agreement between Congress and the White House. Financial markets in New York shrugged off the stalemate in Washington.
*Washington to begin $85 bln in cuts. Put in place during a bout of deficit-reduction fever in 2011, the automatic cuts can only be halted by agreement between Congress and the White House.
*Washington about to begin $85 bln in cuts. Put in place during a bout of deficit-reduction fever in 2011, the automatic cuts can only be halted by agreement between Congress and the White House.
WASHINGTON, March 1- From a submarine base in Maine to a Humvee repair shop in Texas and a Navy graduate school in California, workers in the bull's eye of U.S. spending cuts worry not just about money, but about risking the government's mission and sometimes their own safety.