U.S. News


  • 'Rally has gone too far,' Citi strategist says Monday, 29 Jul 2013 | 11:09 AM ET

    Normally bullish Tobias Levkovich, chief U.S. equity strategist at Citigroup, cautions that the market is relying too much on unreliable information.

  • If Detroit cuts pensions, will your city be next? Monday, 29 Jul 2013 | 10:46 AM ET
    Hamtramck, Mich., residents attend a town hall meeting called to address city's financial problems.

    If the bankruptcy court allows Detroit to cut pensions, other cities and states may also try to take that route, an investment manager to pension plans warns.

  • Bernanke can be deposed over AIG bailout: Judge Monday, 29 Jul 2013 | 10:43 AM ET
    Federal Reserve Board Chairman Ben Bernanke.

    Former AIG CEO Hank Greenberg should be able to depose US Fed Chairman Ben Bernanke over the terms of AIG's bailout, a federal judge ruled on Monday.

  • Wal-Mart's Washington showdown over wage law Monday, 29 Jul 2013 | 10:22 AM ET
    Washington Mayor Vincent Gray

    Wal-Mart is threatening to scrap expansion plans in the nation's capital because of a local law that would compel big box retailers to pay workers at least $12.50 an hour.

  • Rising rates dampen home sales momentum Monday, 29 Jul 2013 | 10:00 AM ET

    Contracts to purchase previously owned US homes fell in June, retreating from a more than six-year high touched the prior month.

  • Ben Bernanke the M&A banker? Monday, 29 Jul 2013 | 8:57 AM ET

    The Federal Reserve's taper talk may have rattled the financial markets but it has had one notable beneficiary: Mergers and acquisitions.

  • Icahn prods Dell committee on voting rules change Monday, 29 Jul 2013 | 8:17 AM ET
    Michael Dell

    Carl Icahn urged Dell special committee to not change voting rules in a way that would make it easier for a CEO-led group to take the personal computer maker private.

  • PPG Industries sheds subsidiary for $1.73 billion Monday, 29 Jul 2013 | 8:09 AM ET
    Charles Bunch, chief executive officer with PPG Industries Inc.

    PPG Industries will sell its majority stake in lens supplier Transitions Optical to Essilor International for about $1.73 billion in cash.

  • Prince warns US shale could hurt Saudi economy Monday, 29 Jul 2013 | 7:38 AM ET
    Prince Alwaleed Bin Talal, Saudi billionaire and founder of Kingdom Holding Co.

    Saudi billionaire Prince Alwaleed bin Talal warned that the Gulf Arab kingdom needed to reduce its reliance on crude oil and diversify its revenues.

  • In bet on luxury, Saks draws $2.4 billion bid Monday, 29 Jul 2013 | 7:24 AM ET

    Saks agreed to sell itself to Hudson's Bay Co., the Canadian parent of Lord & Taylor, for about $2.4 billion in a deal that will bring luxury to more North American locales.

  • BMW's new i3 battery car targets urbanites Monday, 29 Jul 2013 | 6:28 AM ET
    BMW i3 detail

    One look at the BMW i3 and you'll know this is not your typical BMW.

  • Amazon.com goes on hiring spree in 13 states Monday, 29 Jul 2013 | 6:03 AM ET
    An employee stacks boxes filled with merchandise for shipment at the Amazon.com Inc. distribution center in Phoenix, Ariz.

    Amazon.com said it is adding 7,000 jobs in 13 states, beefing up staff at the warehouses where it fills orders, and in its customer service division.

  • House bill aims its sights at Iran's energy sector Monday, 29 Jul 2013 | 6:00 AM ET
    Iran's 50000 Rials with a portrait of Ayatollah Ruhollah Khomeini.

    Congress is poised to increase the economic pressure on Iran and its nuclear program in a vote expected to take place late next week.

  • SAC's Cohen throws a party, despite indictment Monday, 29 Jul 2013 | 5:46 AM ET
    Steve Cohen's, Chairman and CEO of SAC Captial Advisors LP, Hampton's home.

    Steven A. Cohen did not let the filing of criminal charges against his SAC Capital Advisors get in the way of a party this weekend at his vacation estate.

  • More Americans say sequester hurts: NBC-WSJ poll Monday, 29 Jul 2013 | 5:34 AM ET

    Heading into another budget battle, more Americans say they have been negatively affected by the sequester budget cuts, an exclusive poll found.

  • US gas prices are doing this for 1st time 10 weeks Monday, 29 Jul 2013 | 5:10 AM ET
    Gas prices displayed in Los Angeles on July 16.

    The average price of a gallon of gas in the U.S. rose for the first time in 10 weeks, as retailers passed on higher wholesale costs to consumers, according to a survey.

  • Summers as next Fed chief? Brace for swings Monday, 29 Jul 2013 | 3:52 AM ET
    Lawrence Summers

    If Larry Summers is appointed as the next head of the Fed, markets that have been expecting the dovish Janet Yellen to be the next central bank chief could be jolted.

  • Mad Men? Rivals question $35 billion ad deal Monday, 29 Jul 2013 | 3:04 AM ET

    The multi-billion dollar merger between advertising giants Publicis and Omnicom will create the world's largest ad agency but their competitors brushed off concerns about a more powerful rival on Monday.

  • US drugmaker Perrigo to buy Ireland's Elan Monday, 29 Jul 2013 | 2:43 AM ET

    U.S. generic drugmaker Perrigo agreed to buy fellow drug company Elan for $8.6 billion on Monday in a deal that will hand it royalty rights from a blockbuster treatment and tax savings from being domiciled in Ireland.

  • Would you pay to use Twitter? Friday, 26 Jul 2013 | 4:54 PM ET

    Would you pay to use micro-blogging site Twitter? If yes, how much would you pay per month?

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