*Mechel's debt totals $8.6 bln. MOSCOW, July 30- Russia has prepared two different options for bailing out indebted coal miner Mechel and both involve a change in ownership, President Vladimir Putin's top economic aide said on Wednesday.» Read More
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.
Federal Reserve Chairman Ben Bernanke strongly defended the U.S. central bank's bond-buying stimulus before Congress on Tuesday, saying that the bank sees little risk of higher inflation in the near term.
Hundreds of thousands of workers at firms with government contracts are expected to be laid off because of sequestration. But picking who stays and who goes could be complicated and costly.
U.S. new-home sales jumped in January from the previous month to the highest level since July 2008, while a separate report showed that consumer confidence picked up much more strongly than expected in February.
Former Clinton Treasury Secretary Lawrence Summers argued on CNBC for a "balanced approach" because President Barack Obama has agreed to more spending cuts.
Japan's government is likely to nominate Asian Development Bank President Haruhiko Kuroda, an advocate of aggressive monetary easing.
Some tax loopholes and deductions are under immediate scrutiny in efforts to cut the deficit and raise revenues. But questions remain on whether closing or reducing deductions will raise revenues and make the tax code fairer.
The American middle class is "hollowing out" as the U.S. economy fails to compete effectively in a globalized world, Harvard economist Michael Porter told CNBC.
Change is in the air as Italy goes to the polls, but that change could also throw up a nasty surprise for the euro zone.
Metropolitan areas in Texas saw the fastest economic growth as the recovery took hold in 2011, according to federal data released Friday.
"It's going to look more like the rounding error in GDP," says one economist. "I think there is a lot more noise than light being shed on the sequester."
Long lines at the airport, food scarcities and a rise in identity theft are just some of the disasters awaiting Americans if sequestration goes through.
Pimco Founder Bill Gross called out the Federal Reserve on its vigilance in three major areas, during a CNBC interview.
Despite an increasingly large Fed balance sheet, a top official at the central bank said the fear of losing money should not stop it from providing aggressive support to the U.S. economy now.
The Federal Reserve's "very aggressive" easy money policy is going to stay that way for a "long time," St. Louis Fed President James Bullard told CNBC on Friday.
U.S. home resales edged higher in January and left the supply of homes at its lowest level in 13 years, a sign that steam is gathering in the U.S. housing market.
Iceland's biggest IT company CCP is what the island needs to leave its economic crisis behind. It is global, growing and employs hundreds but its tale is also one of frustration that echoes concerns about the country's future.
Hopes the euro zone might emerge from recession soon were dealt a blow on Thursday, as surveys showed the downturn in the region's businesses worsened unexpectedly this month - especially in France.
Less than a year after opening, Atlantic City's newest casino and resort, Revel, has found itself headed to bankruptcy court.
Governor Rick Snyder has 30 days to decide if Detroit needs an emergency manager to oversee its finances after the city's fiscal situation was deemed a financial emergency.
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