'A number of participants' on the FOMC this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as summer.» Read More
Almost three weeks since the FAA grounded the 787 Dreamliner, several U.S. cities are facing a frustrating wait for the plane to get back in the air. Due to the grounding, the financial impact of the delayed service could be substantial.
After five years at the helm of telecoms company Alcatel-Lucent, CEO Ben Verwaayen has announced he is to step, down telling CNBC that the execution required to complete the firm's turnaround may be beyond his abilities.
Eighteen people have been charged in what may be one of the nation's largest credit card fraud rings, a sprawling international scam that duped credit rating agencies and used thousands of fake identities to steal at least $200 million, federal authorities said.
Jeff Bewkes, CEO of Time Warner, said that "Netflix is competition, but it's reasonable competition."
The battle for the soul of the Republican party is getting nastier following the launch of a new effort by some wealthy donors to strike back at ideologically driven activists– including conservative billionaires – who have steered the party to the far right. The FT reports.
Following a year in which his hedge fund again badly underperformed, investor Whitney Tilson has shed his stake in Apple and promised clients his decision to go solo would reap them benefits.
The $24.4 billion proposal to privatize U.S. technology giant Dell is part of founder Michael Dell's efforts to transform the company into a 'mini IBM', said analysts.
The divide between new and existing home prices is wider than ever and as one analyst notes, "The only people who can buy are people who are very well off, so that's created a positive mix shift."
Over the past month, hundreds of thousands of Monopoly fans worldwide voted for which new token should replace one of the iconic ones being retired after countless journeys past Go. The results are in.
Let's help out the former Treasury Secretary with title suggestions for his upcoming book.
The growing oil supply glut in the Midwest and the inability to transport and offload these supplies via pipeline to refineries along the Gulf Coast has created the widest price differential of the year between the world's largest oil futures contracts.
The U.S. Postal Service said it plans to stop delivering mail on Saturdays, but continue delivering packages six days a week.
"This is just one step in a plan to resolve our finances," Postmaster General Patrick Donahoe said in an interview on CNBC.
Visa's first-quarter profit that exceeded market's expectation for the ninth quarter in a row. "I'm most impressed by the upside to revenue," one analyst said.
Yelp on Wednesday reported a loss for the fourth quarter that was wider than Wall Street analysts' expectations.
U.S. refiners are the clear winners in the recent rally--but at consumers' expense. If gas prices stay at $3.60 or higher for the rest of the month, it will cost consumers an extra $10 billion in the first quarter.
"I believe we will return to growth this year," said the CEO of J.C. Penney in an interview with CNBC. "As we approach this year, the number one priority is to return to growth."
Online scrapbook Pinterest is trying to raise a new round of funding that would give it a valuation of $2 billion to $2.5 billion, the Wall Street Journal reported on Tuesday.
Applications for U.S. home mortgages rose last week even as interest rates climbed, while refinancing demand accounted for a slightly smaller proportion of total activity, an industry group said on Wednesday.
Banks that rigged interest rates behaved in "brazen, flagrant" fashion, the head of the Commodities and Futures Trading Commission told CNBC on Wednesday.
President Obama will meet with families affected by the Tornado in Oklahoma on Sunday. Sen. Tom Coburn (R-OK) shares his appreciation for the leadership in his state that has risen midst tragedy.
Gov. Tom Corbett (R-PA) and Austan Goolsbee, Chicago Booth School of Business, discuss the energy boom and the economic recovery in the U.S.
IRS director of tax exempt organizations Lois Lerner invoked her 5th Amendment rights and was dismissed from the hearing today. Gov. Tom Corbett (R-PA); Joseph diGenova, Former U.S. Attorney; and Austan Gooslbee, Chicago Booth School of Business, discuss.