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.
Cyprus does not pose a threat to the US economy, and there are no signs of stock market bubble, Fed Chairman Ben Bernanke said Tuesday after the Fed said it would keep interest rates low.
CVS warned employees who use the company’s health insurance plan to report to a doctor for an annual WebMD Wellness Review and reveal their weight by May 1 or pay a monthly $50 penalty.
Hooters girls drafted to man the sidelines during spring training are throwing the game a curveball. Over the last two weeks, there have been several errors, as some Hooters girls attempted to "wing" it playing America's pastime.
U.S. mortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark interest rate known as Libor.
President Bill Clinton said Republicans need to openly state how their proposals, specifically tax cuts, would realistically work for the benefit of the American economy.
The producer of Monster Energy will no longer be required to tell federal regulators about reports potentially linking its products to deaths and injuries. The NYT reports.
Applications for U.S. home mortgages tumbled for a second week in a row last week as interest rates continued to climb to seven-month highs, data from an industry group showed on Wednesday.
Japanese government policies to help kickstart its economy and ease the burden of long-term deflation are "on the right path," BlackRock Chairman and Chief Executive Laurence Fink said.
BlackBerry inventors Mike Lazaridis and Doug Fregin are pairing again to launch a $100 million fund to incubate and commercialize quantum science technologies capable of spearheading the next wave of computing.
Shares of the investment giant have dropped 5 percent in two days, as jitters over Cyprus spooked the market and put European tail risk back onto the table. And while banks as a whole have sold off, Morgan Stanley has especially taken it on the chin.
Yahoo's investments in Flickr and Tumblr are steps toward fixing trends it missed, but it's only the beginning, Mark Mahaney of RBC Capital Markets says.