"Apple of course has huge amounts of cash, but...the cost of borrowing now is so unbelievably low that issuing long-term bonds ... is actually a very smart thing," Schwarzman said on CNBC.
Yahoo CEO Mayer, who sparked an uproar and hurt her image as a working mom when she banned telecommuting 2 months ago, is now offering employees generous new family leave benefits.
As the Fed meets this week, all eyes are on Bernanke as Wall Street is buzzing that he will be leaving soon. Who will take his seat? Here's the one name that keeps coming up.
The Food and Drug Administration is watching caffeinated foods and wants to know more about their safety, as new caffeine-laced products hit the market.
Pfizer reported quarterly earnings and revenue that missed analysts' expectations on Tuesday, citing the stronger dollar and the spin-off of its animal health unit Zoetis.
Many of the big trends in technology today are a result of the proliferation of mobile devices around the world, venture capitalist Marc Andreesson told CNBC.
U.S. retailer Best Buy is selling its 50 percent stake in a joint venture with Europe's biggest independent mobile phone retailer Carphone Warehouse Group back to its European partner for about 500 million pounds (or $775 million).
Before the recession, non-Hispanic white families, on average, were about four times as wealthy as nonwhite families, according to a new study. By 2010, whites were about six times as wealthy.
Some businesses have reopened, but many others remain closed. Slow cleanup and lack of connectivity are among the roadblocks. An update from the Jersey Shore to lower Manhattan.
Newly minted college grads entering the job market could face another hurdle. Managers say many perform poorly — even bizarrely — in job interviews. USA Today reports.
The Bureau of Economic Analysis is about to overhaul the way it tracks the growth of the American economy. The new accounting rules will give more weight to "intangible and intellectual" assets.
Contracts to buy existing homes rose slightly in March, as an historically low supply of for-sale listings nationwide continues to plague the housing market.
Legislation to force Internet retailers to collect sales taxes has put antitax activists like Grover Norquist in an unusual position: They're losing. The NYT reports.
The iconic Empire State Building has been at the center of battles for control by larger-than-life figures. A new one is coming to a head. The NY Times reports.
ChannelAdvisor, a provider of cloud-based e-commerce solutions, had its IPO today. CEO & Co-Founder Scot Wingo discusses the company with CNBC's Jim Cramer.