U.S. News


  • Banks Rack Up Profits, but Investors Aren't Happy Friday, 19 Apr 2013 | 2:06 PM ET

    Banks have shored up their balance sheets and continue to rack up the profits, while disappointing investors who are worried about growth.

  • Budweiser Parent Swings Deal for Grupo Modelo Friday, 19 Apr 2013 | 2:01 PM ET

    The Justice Department and Anheuser-Busch InBev have reached agreement to let the beer giant expand its stake in Mexico's Grupo Modelo, according to court documents and company statements.

  • JC Penney Offered 2nd Loan on Real Estate: Sources Friday, 19 Apr 2013 | 8:50 AM ET

    Several banks, including Goldman Sachs and JPMorgan Chase, have proposed loans in the range of $500 million to $1 billion that would be secured by the company's real estate, according to sources familiar with the matter.

  • McDonald's Profit Rises, Falls Short of Estimates Friday, 19 Apr 2013 | 8:44 AM ET

    McDonald's on Friday reported first quarter profit that fell short of market expectations, amid weaker international and domestic sales as consumers appeared to dine out less.

  • Blackstone Abandons $25 Billion Move for Dell Friday, 19 Apr 2013 | 7:27 AM ET
    Stephen Schwartzman, CEO Blackstone Group

    Blackstone has abandoned its $25 billion offer for Dell after weeks of due diligence paid for by the company, people familiar with the matter said. The Financial Times reports.

  • Peltz Builds Bigger Stake in PepsiCo, Mondelez Friday, 19 Apr 2013 | 7:22 AM ET
    Nelson  Peltz

    Activist investor Nelson Peltz has amassed large stakes in both PepsiCo and Mondelez International, sources told CNBC on Friday, which total a combined $2.7 billion.

  • GE Earnings Top Views, but Europe Weighs on Sales Friday, 19 Apr 2013 | 7:07 AM ET
    General Electric Co. (GE) clothes washers and dryers.

    General Electric reported first-quarter earnings on Wednesday that topped Wall Street's expectations.

  • Wall Street Turns Viciously Against Apple Friday, 19 Apr 2013 | 4:04 AM ET

    Wall Street has turned against its one-time iDarling. The rout in Apple's shares has been swift, with the stock falling 44 percent since late September, leaving many wondering when, and where, all of this will end. The NYT reports.

  • Lenovo in Acquisition Talks Amid Report of IBM Deal Thursday, 18 Apr 2013 | 10:10 PM ET

    Lenovo Group said on Friday it was in preliminary talks about a potential acquisition, following a report that IBM was negotiating the sale of its server hardware business to the Chinese computer maker.

  • Next Wave of Earnings About to Hit Markets Thursday, 18 Apr 2013 | 8:21 PM ET
    Traders on the floor of the NYSE

    Several more Dow components report earnings Friday, providing a glimpse of how industrial and consumer companies fared in the squishy global economy last quarter.

  • IBM Earnings and Revenue Fall Short Thursday, 18 Apr 2013 | 7:06 PM ET

    IBM reported quarterly earnings and revenue that came in short of analysts' expectations. Shares fell after-hours.

  • FBI Releases Photos of Two Boston Attack Suspects Thursday, 18 Apr 2013 | 5:52 PM ET
    Boston police identify two suspects in Monday's bombing.

    The FBI has released photos of two suspects in the Boston Marathon bombings and is asking for the public's help in identifying them.

  • IRS Workers Caught With Hands in Cookie Jar Thursday, 18 Apr 2013 | 5:33 PM ET

    Twenty-four current and former Internal Revenue Service employees have been charged with stealing government benefits, federal prosecutors said Wednesday.

  • Microsoft CFO Exits; Earnings Top Forecasts Thursday, 18 Apr 2013 | 5:17 PM ET

    Microsoft announced that its CFO was stepping down. The software giant's latest earnings beat expectations. Shares rose after-hours.

  • Up to 15 Dead After Blast at Texas Fertilizer Plant Thursday, 18 Apr 2013 | 5:02 PM ET
    Smoke rises as water is sprayed at the burning remains of a fertilizer plant in the town of West, Texas, early April 18, 2013.

    Officials in Texas fear the death toll will rise as they search the rubble of a fertilizer plant devastated by an earthquake-size explosion. The blast also leveled dozens of homes.

  • Google Earnings Beat, but Revenue Misses Thursday, 18 Apr 2013 | 4:44 PM ET

    Google reported quarterly earnings that topped market expectations, supported by strong growth in its core advertising business. Shares gained on the announcement.

  • Crackdown on M&A Leaks Makes Them More Rewarding Thursday, 18 Apr 2013 | 4:14 PM ET

    Deals leak less often than before the financial crisis, but the payoff's better.

  • Pullback Puts Market Nowhere After 13 Years Thursday, 18 Apr 2013 | 4:05 PM ET

    The bears argue that we just keep blowing bubbles instead of taking our medicine and laying the framework for a lasting recovery.

  • Antibiotic-Resistant 'Superbugs' Creep Into Food Thursday, 18 Apr 2013 | 12:57 PM ET
    Ground beef exits a grinder.

    Antibiotic-resistant bacteria—often called "superbugs"—are entering the nation's food system and endangering consumers at an alarming rate, according to an analysis of government data.

  • Morgan Stanley's Still the Sick Man of Wall Street Thursday, 18 Apr 2013 | 10:46 AM ET

    Fixed income sales and trading revenue plummeted 40 percent.

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