BUSINESS

A series of messy budget showdowns earlier this year have left many in Washington pessimistic that politicians can deliver on two pressing priorities: taming surging deficits and spurring job growth.

In a rundown patch of Detroit, enclosed by a cyclone fence and barbed wire, stands an unremarkable warehouse that investment bank Goldman Sachs has transformed into a money-making machine.

An initiative backed by Costco to allow supermarkets and warehouse stores to sell liquor in the state of Washington has shattered an election spending record

Groupon, currently valued at $12.7 billion, is ripe for short-selling.

Wal-Mart Stores Inc said on Wednesday it will soon give fans a sneak peek at its Black Friday deals and will hold a sale this Saturday, as the world's largest retailer and other U.S. chains make an early effort to win over fickle shoppers this holiday season.

Amidst the protests against Wall Street, the 1 percent has formed their own movement and is fighting back.

Here is a list of the 10 biggest gold mines in the world, starting with the biggest.

If you’d told me 5 months ago that I would spend a lot of 2011 studying accounting, talking to businesses and saying bad things about a company that everyone once loved, I never would have believed you.

Groupon shares soared in early trading this morning to $28, a 40 percent increase over its $20 price announced last night, as the company made its initial public offering.

Groupon Inc raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by a U.S. Internet company since Google Inc raised $1.7 billion in 2004.

State governments across the United States are just a few months into their fiscal years and already many fear that tax revenues are running short of forecasts.

California's government could face a budget gap of up to $8 billion in its next fiscal year, substantially more than the $3.1 billion shortfall projected by Governor Jerry Brown's office, The Sacramento Bee said on Thursday, citing a memo from Assembly budget officials.

The California attorney general on Thursday called on Fannie Mae and Freddie Mac to cut mortgage debt on the loans they own, a suggestion the government entities have long resisted.

Professional networking company LinkedIn posted quarterly results that beat estimates and raised its full-year outlook, but margin expectations and plans for a share offer drew scrutiny from investors.

A manslaughter conviction against Michael Jackson's doctor would boost the late pop star's image and open opportunities for his estate in many markets, including family-oriented products, industry experts said.

Apple has finally revealed its new Glass Cube at the Apple Store on Fifth Avenue of New York City, and the new design indeed looks different.

Groupon Inc raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by an Internet company since Google Inc raised $1.7 billion in 2004.

DaVita Inc , the biggest U.S. operator of dialysis clinics, said its third-quarter profit rose 13 percent, meeting Wall Street estimates, as treatment volumes increased.

Short sellers who banked on a fall in the price of solar stocks this year pocketed big returns and are already positioning themselves for another go at the battered sector.

It was announced Thursday that search engine giant Google will be tweaking its algorithm to produce fresher results, which will affect about 35 percent of what search results come up now.

Boeing moves its space shuttle program to Florida and a House Committee discusses the viability of private market for human spaceflight.

Amazon's new Kindle Owner's Lending Library will let Amazon Prime members borrow e-books on their Kindle devices.

Square and Rovio, the Angry Birds-maker, recently received a $1 billion valuation; other companies hope to follow in their footsteps.

When Dolby Laboratories want to show off the latest and greatest in sound and visual technology, you figure they would turn to one of Hollywood's big-budget, state-of-the-art blockbusters.

Twentieth Century Fox has been shedding production executives at a rapid clip -- five in the past two years, with another two about to jump ship, TheWrap has learned.

Money manager AXA Rosenberg and co-founder Barr Rosenberg agreed to pay $65 million to settle a lawsuit by investors who said they lost money after a computer coding glitch impeded the firm's ability to manage risk.

Shares of Thoratec Corp (THOR.O) fell 10 percent in pre-market trade Wednesday, a day after the cardiac device maker cut its full-year sales forecast, citing slower sales growth of its heart pumps in the United States in the second half of 2011.

Workers were evacuated from a unit at the San Onofre nuclear power plant in California on Tuesday after an ammonia leak, but the incident posed no threat to the public, officials said.

On Wednesday, Google's rumored updated Gmail app was released for Apple's iOS. It will be available on the iPhone, iPad and iPod Touch running on iOS 4 and up.