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.» Read More
U.S. government-run mortgage finance provider Freddie Mac earned $11 billion last year, the first annual increase in its net income since 2006.
Salesforce.com reported quarterly earnings and revenue that blew past analysts' expectations. Shares jumped after-hours.
The pace of business activity in the U.S. Midwest picked up modestly to reach an 11-month high in February as new orders gained, a report showed.
On paper, the spending cuts, due to kick in on Friday, promise $85 billion in budget savings. In reality, the "sequester" is likely to yield less than half that much.
The U.S. economy barely grew in the fourth quarter while the number of Americans filing new claims for unemployment benefits fell more than expected last week.
Foreclosure-related sales made up 21 percent of all U.S. sales in 2012 and short sales made up 22 percent, according to a new report from RealtyTrac.
Consumer debt rose in the final months of 2012 for the first time in four years, a sign that Americans may be starting to reach the end of cutting back on credit, New York Federal Reserve reported Thursday.
If mandatory federal spending cuts begin to take effect Friday, small employers are likely to experience a negative ripple effect of reduced business.
New management has big changes in store for the casual dining chain, which touts family-style Italian food and has struggled with declining sales. Among Olive Garden's changes: smaller plates, cheaper items and lower-calorie meals.
House Budget Chairman Paul Ryan told CNBC that he expects the across-the-board spending cuts known as the "sequester" take effect after Friday's deadline.
Chrysler, scrambling to keep up with greater demand for its Jeep Grand Cherokee, is hiring 1,250 workers and increasing production of 8 and 9 speed transmissions.
More than 200 companies have signed on to a supporting brief calling for the Supreme Court to overturn part of the Defense of Marriage Act. The NYT reports.
The American paycheck's not the only thing that's shrinking as big business thinks of creative ways — from smaller packages to deep price cuts — to capture the hesitant consumer's dollar amid signs of weak sales.
With the economy starting to improve, the Federal Reserve should begin to end its bond purchases, Richard Fisher, Federal Reserve Bank of Dallas President, told CNBC.
"I've decided that I'd like to spend more time with my family. Just kidding – I was fired today," Mason said in an email to employees announcing his departure.
As U.S. politicians try to cut a last-minute deal on the sequester cuts set to kick in on Friday, ING Chief International Economist Rob Carnell told CNBC that businesses are complacent about the significance of the cuts.
Regulators have escalated an investigation into suspicious trades placed ahead of the $23 billion takeover of H. J. Heinz, focusing on a complex derivative bet routed through London, according to two people briefed on the matter. The New York Times reports.
Sears posted a smaller fourth-quarter loss as it reduced its inventory and expenses, while sales at its namesake stores rose slightly.
Apple CEO Tim Cook still thinks David Einhorn's lawsuit against the company is a "silly sideshow" but is "seriously considering" returning cash to shareholders.
Online streaming music Pandora Media said it would cap free mobile listening at 40 hours per month as it tries to overcome rising royalty costs.
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 and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.
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.