Lois Lerner, the IRS official whose unit is at the center of the alleged Tea Party targeting, has been placed on administrative leave and an acting director has been named.
It's official: Stockton, Calif., will become the nation's most populous city to enter into bankruptcy protection after getting clearance from a federal judge on Monday.
Google, getting a headstart on the annual tradition of April Fools' pranks, released a YouTube clip on Sunday declaring that the world's most popular video website will shut down at midnight.
U.S. consumer spending rose in February and income rebounded, further signs economic activity accelerated in the first quarter, even though part of the increase in consumption reflected higher gasoline prices.
Exxon Mobil was working to clean up thousands of barrels of oil in Mayflower, Arkansas, after a pipeline carrying heavy Canadian crude ruptured, a major spill likely to stoke debate over transporting Canada's oil to the United States.
Major U.S. business and labor groups have reached an agreement on a guest-worker program that removes a major hurdle to a broad immigration overhaul and clears the way for Senate legislation to be introduced soon, according to a source.
The stock market is likely to see its typical, seasonal pullback in the second quarter, but unlike previous years, more bullish strategists expect a significantly higher end-of-year finale.
The menus offered to children by most U.S. restaurant chains have too many calories, too much salt or fat, and often not a hint of vegetables or fruit, according to a new study.
Initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 357,000, while GDP growth was light and even worse than expected.
Wal-Mart is considering a radical plan to have store customers deliver packages to online buyers, a new twist on speedier delivery services that the company hopes will enable it to better compete with Amazon.com.
The U.S. government wants more say in network equipment purchases as a condition to approve the $20 billion takeover of Sprint Nextel by Japanese mobile carrier Softbank , the Wall Street Journal reported, citing people familiar with the matter.
Student-loan defaults surged in the first three months of 2013 and efforts to collect are faltering as the system buckles under the massive load of debt.
In this excerpt from a "Squawk Box" interview on October 2, 2012, Pershing Square's Bill Ackman said he had bought some stock and expressed his concerns about the company to its Board.
Mad Money host Jim Cramer shares his final thoughts of the day. A look at how a money-loser like ChannelAdvisor can roar on the same day as a money maker like Hewlett-Packard.