Detroit said it would stop making some debt payments and asked creditors to accept pennies on the dollar to help it avoid the largest municipal bankruptcy filing in US history.
A four-story building near being demolished collapsed, injuring 12 people and trapping two others, Philadelphia's fire commissioner says.
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.
CNBC has been ranking all 50 states for competitiveness since 2007. This year's report comes as states continue to get back in fighting shape—fighting for jobs, that is.
CNBC scores all U.S. states on 55 measures of competitiveness and 10 categories, from the cost of doing business to technology and innovation.
The SEC charged Pennsylvania's capital city Monday with making misleading public and financial statements.
The SEC has charged the city of Harrisburg, PA for making fraudulent public statements, with CNBC's Scott Cohn.
US companies have easily beaten expectations for first-quarter earnings so far, but analysts don't expect the rest of the season to be as robust.
The Supreme Court ruled Wednesday in favor of Comcast in a 5-4 decision that prevents cable TV subscribers in Philadelphia who had accused the company of owning a monopoly from filing suit as a group.
The boom in new oil and natural gas flowing through U.S. pipelines is beginning to ripple through the wider American economy.
For many Americans, the improving economy has yet to take hold even as they hear about a stronger stock market and better jobs data.
The latest research busts some everyday beliefs about handling our money that even the smartest of savers may believe.
David Einhorn reiterated his arguments that a judge should block a shareholder vote on Apple's proposal to eliminate its ability to issue preferred shares without investor approval.
The Northeastern United States braced on Friday morning for a possibly record-setting blizzard bearing down on the region, which forecasters warned could drop up to 2-1/2 feet (76 cm) of snow and bring travel to a halt.
A federal jury on Wednesday found that Marvell Technology Group infringed two patents held by Carnegie Mellon University, and ordered the chipmaker to pay $1.17 billion in damages.
Concierge medicine, once thought to be only for the uber-wealthy, is becoming more affordable.
NEW YORK, Nov 6- U.S. stocks climbed on Tuesday on speculation the U.S. presidential election will produce a clear winner, removing a major source of uncertainty that has dogged investors. ``I think it's relief that hopefully the election will be over,'' said Fred Dickson, chief market strategist at D.A. Davidson& Co. in Lake Oswego, Oregon.
Nov 6- U.S. biofuel providers are being allowed to reroute critical supplies to New Jersey to help alleviate shortages caused by Hurricane Sandy, two U.S.
CNBC's Larry Kudlow says Mitt Romney has a real shot of breaking through the "Obama Midwest Firewall."
Phillips 66 confirmed that the region's second-largest refinery, the 238,000 barrel-per-day Bayway plant in New Jersey, would likely be shut for another two to three weeks as repairs are carried out, primarily on electrical equipment damaged by saltwater, as Reuters reported earlier.