WASHINGTON, Feb 9- President Barack Obama on Tuesday unveiled a budget that proposed $2.9 trillion in deficit reduction over 10 years, largely by curbing tax breaks for the wealthy and proposing new savings in the Medicare and Medicaid health care programs. The budget would boost spending to $4.1 trillion for 2017, up $196 billion from fiscal 2016, while...» Read More
Advance Auto Parts Inc will buy General Parts International Inc for just over $2 billion, creating the largest North American retailer of auto parts.
The United States has overtaken Saudi Arabia to become the world's biggest oil producer as the jump in output from shale plays has led to the second biggest oil boom in history.
Groups protested the government shutdown, taking down barricades around the World War Two memorial before marching to the gates of the White House.
Proxy advisory group ISS has urged Twenty-First Century Fox Inc shareholders to vote against the reelection of Chairman Rupert Murdoch and some other board members at an annual shareholders meeting this month, criticizing the company's adoption of a poison pill.
'Gravity,' a new 3D thriller about two stranded astronauts floating through space, soared to the top of weekend movie charts.
Five years after Lehman Brothers collapsed, families in major countries around the world are still too spooked to take chances with their money.
Most doubt it will happen, but banks are already gearing up for how to handle any US Treasuries tainted by missed payments.
A rare flash of bipartisanship Saturday served as a cruel tease to those hoping Congress is moving toward reopening the government.
The IRS said that it has stopped initiating new asset seizures from tax delinquents during the government shutdown.
BP won a legal reprieve in its effort to force the administrator of a settlement related to the 2010 Gulf of Mexico oil spill.
Chrysler said it will recall an estimated 132,000 sport utility vehicles globally, mostly in the United States, to address potential software problems.
Consumer goods company Unilever warned on Monday that a slowdown in its emerging markets accelerated in the third quarter and it now expects underlying sales growth of just 3 to 3.5 percent in the period.
Mazda is recalling 161,400 Mazda6 sedans in the United States because loose screws could cause the side doors to come open.
"It is clear that I have a lot to learn about the lively debate concerning the evolution of the family," Barilla said in a videotaped apology.
The Fed could start reducing its asset purchases this year based on economic forecasts but the decision could be pushed into next year, a top Fed official said on Friday.
The British government said on Friday it would offer shares in state-owned Royal Mail at between 260 pence and 330 pence each in its London listing, valuing the company at as much as 3.3 billion pounds.
JC Penney shares tumbled to their lowest in nearly 13 years after a Goldman Sachs report projected slow sales and liquidity trouble.
Users may find something lacking in the new iPhone compared with last year's model: They could break more easily.
Walt Disney and the producer behind the blockbuster "Pirates of the Caribbean" franchise and the summer flop "The Lone Ranger," will end their long-running film deal next year.
Following are some of the key components for the iPhone 5S and their makers that have been identified so far.