Investors should not own "long term debt of any kind" while the Federal Reserve continues its bond-buying program, private equity billionaire Wilbur Ross told CNBC.
After suffering steep losses in one fund, the Yucaipa Companies, the money management firm run by the billionaire Ronald W. Burkle, has cut fees for investors in the portfolio, The New York Times reports.
They got a little rain in Southeast Texas this week, but hardly enough to provide relief for rice farmers who are grappling with a third year of drought conditions and water constraints.
The Justice Department is in advanced stages of an investigation into whether former JPMorgan traders tried to hide losses from the infamous "whale" trade.
With US economic optimism rising and the Fed money spigot wide open, turmoil in Cyprus didn't spark a major correction in stocks. Could lackluster earnings do the trick?
Today, the minivan is just 3 percent of total auto sales in the U.S.—and just over 500,000 were sold last year. These days crossovers and sport wagons have become the vehicle of choice for many in suburban America.
The Supreme Court will hear arguments on Monday over whether big drug companies can settle patent litigation with generic rivals by making deals to keep cheaper products off the market.
Chicago will close 54 schools and 61 school buildings by the beginning of next year in the country's third-largest public school district, a move that union leaders called the largest mass closing in the nation.
The BlackBerry Z10 hits store shelves Friday and there's a lot at stake for the company. But with the Android and iPhone -- is there even room for the new BlackBerry?
The US Postal Service has suffered a setback in its plan to end Saturday delivery of first-class mail, as Congress advanced a bill requiring six-day delivery.
Former Education Secretary Bill Bennett has a new book out called "Is College Worth It?" Bennett discusses financial aid, tuition and what else is discouraging to students.
Discussing what's next for IRS official Lois Lerner, and whether it's time for an IRS special counsel, with Tom Curran, Peckar & Abramson and John Eastman, Chapman University.