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The White House said its counsel was told on April 24 about the preliminary findings of an IRS audit that showed IRS employees targeting conservative groups for extra scrutiny.
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Blackstone Group is talking to three private equity firms about investing in J.C. Penney and in discussions with banks about making a $500 million or greater loan to the struggling retailer, which would be secured by inventory, according to a source.
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JPMorgan Chase reported quarterly profit that topped analyst expectations and increased its dividend, but shares dipped as loan growth slowed and net revenue fell.
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Wells Fargo reported a 23 percent jump in first-quarter profit on Friday as the bank set aside less money to cover bad loans and it held down costs.
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Immigration requirements in the emerging Senate bill could end up excluding hundreds of thousands from the path to citizenship, a Senate aide said.
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Wells Fargo executives have conceived a new vision for its branches—smaller to scale, but still full-service.
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Nasdaq OMX Group said it slashed the 2012 annual bonus of Chief Executive Robert Greifeld by $542,100 over the botched handling of Facebook's initial public offering last year.
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If the Masters golf tournament is any indication of how the U.S. economy is faring, then things seem to be looking up. At least for some.
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Scott London, former auditor at KPMG who was fired and arrested this week amidst allegations of insider trading, has been released on a $150,000 bail.
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Troubled J.C. Penney has hired Blackstone financial advisory arm to explore how best to position the firm financially, three sources said on Thursday.
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Economic pressures rather than moral values are thought to be the principal US problem, a new NBC/WSJ poll finds.
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Even if the stock market should run into a wall later, investors can take comfort that this likely will be another huge year for dividend payouts.
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This just in: The president's tax returns! Take a peek at what the Obamas made in 2012 and what their tax rate was. Was it higher or lower than yours?
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With so much uncertainty in the market, it's hard enough to forecast this year. The gang at Goldman is taking a stab at year-end 2015.
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A top Federal Reserve official on Friday defended the central bank's dual mandate of full employment and price stability, but also said he's optimistic the economy is gathering strength.
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The Bank of Japan's monetary bazooka has investors bracing for a flood of liquidity into risk assets. It may not happen, analysts say.
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The U.S. investment bank has added to the exuberance over Tokyo markets, upgrading its 12-month target for stocks on expectations of bumper earnings growth.
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The gusher of cash from the Fed explains why prices for everything from 1950s Ferraris to Brazilian farmland to old U.S. stamps are surging.
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The value of Bitcoin continued to plunge as trading resumed at Mt Gox, the world's largest virtual currency exchange.
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Insider selling at the biggest tech companies hit a record pace over the last six months even as investors snatched up shares, pushing the Nasdaq Composite Index to a 12-year high.
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Retailers broadly missed analysts' estimates for same-store sales in March, a month that typically sees cold weather and slow hiring in the early weeks.
U.S. Video
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Rep. Tom Cole, (R-OK), offers insight on the tornado which ripped through Oklahoma today.
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Insight on earnings and the rally, with Henry Blodget, Business Insider, and Zachary Karabell, River Twice Research.
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emergency crews are working to rescue trapped people in Moore, Oklahoma, with Henry Blodget, Business Insider. Meanwile CNBC's Eamon Javers discusses today's hearing on bringing offshore cash back to the U.S.