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The Obama administration on Friday said it was ready to free up about $260 billion so the nation could continue paying its bills as a temporary debt ceiling suspension lapses.
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Mark Zandi, who's reportedly the front-runner to become the White House's next housing czar, said there were benefits to mortgage writedowns for underwater homeowners.
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American Airlines is trying to recover from a poorly timed public-relations nightmare after a computer meltdown forced the cancellation of most of its flights.
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The FBI says the Upper East Side gallery figured in a gambling and money-laundering ring that stretched from Moscow to Los Angeles.
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Applications for U.S. home mortgages rose last week for the second week in a row, helped by renewed demand for refinancing, new data from an industry group showed.
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Obama signed into law a provision repealing the requirement that senior government officials post their stock trades on line.
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Tesco wrote down the value of its global operations by $3.5 billion and announced plans to exit the U.S., after a year in which profit fell for the first time in two decades.
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An envelope sent to Republican Senator Roger Wicker of Mississippi tested positive for ricin, Senator Dick Durbin told reporters after a group of lawmakers were briefed by the FBI.
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U.S. builders ratcheted up construction, but the growth was entirely in apartment buildings. Multifamily housing starts are now running much faster than the 10-year average.
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Goldman Sachs reported first-quarter earnings on Wednesday that topped Wall Street's expectations, helped by higher revenue in its investment banking arm.
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U.S. builders started 1.04 million homes last month, the fastest pace in nearly five years, while a separate report showed consumer inflation easing.
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A large area of downtown Boston was cordoned off by police on Tuesday as authorities hunted for a suspect in the deadly bombings at the Boston Marathon.
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Coca-Cola reported first-quarter earnings on Wednesday that were boosted by a rise in sales in Europe and emerging markets.
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U.S. industrial production rose more than expected in March, but the increase was due to a surge in demand for utilities during a cold snap, while output actually declined at the nation's factories.
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Top Fed policy doves, with opposing economic views, agreed the job market has not yet improved enough to merit cuts to the central bank's bond-buying program.
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Deloitte’s American Pantry Survey found brand loyalty has fallen for the third year in a row, with nearly nine in ten consumers substituting private-label brands for national ones.
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Retailer Target warned first-quarter earnings would miss expectations, after weaker-than-expected sales of seasonal and weather-sensitive items.
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Yahoo and Intel report earnings tomorrow, and the outlook could hardly be more different.
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Billionaire founder of mobile carrier SoftBank is expected to stay in the battle for Sprint Nextel - even though he could walk away with $3.5 billion in gains from currency hedging.
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The pharmaceutical and medical devices company reported quarterly earnings and revenue Tuesday that exceeded Wall Street's expectations as growth of newer medicines for cancer, hepatitis C and blood clots offset declining sales of its treatments for heartburn and attention deficit disorder.
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The search giant's first-quarter earnings topped forecasts, but revenue fell short and shares fell after-hours.
U.S. Video
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Scott Nations helps a Facebook fan bet against Tesla for just $2.25.
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Arthur Laffer, chairman, Laffer Associates, discusses the falling deficit and why some people are saying the deficit is being cut too fast.
