Consumer credit surged in December as shoppers boosted their credit-card debt for the first time in more than two years, supporting views economic activity was gathering momentum.
Regulators began their most forceful attempt yet to clamp down on bank bonuses since the 2007-2009 financial crisis, and warned firms they would seek to counter attempts to circumvent the reforms.
Gold prices inched up on Monday, underpinned by inflation concerns, but a more optimistic economic outlook and worries about interest rate hikes kept bullion from rising further.
The price of crude oil - and the consumer products like gasoline and diesel fuel that are made from it - will head higher in the summer months, said John Hofmeister, former CEO of Shell Oil.
Shanee Greenidge of Boston has been searching for full-time work since she dropped out of high school in 2009 and took a string of part-time jobs to help her mother pay bills.
Regulators on Monday are expected to make their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.
U.S. regulators on Monday made their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.
The U.S. government will have to reduce its competitive role in the mortgage market to entice private investors to return, even if it means higher borrowing costs in the transition, the chief executive officer of Redwood Trust said on Monday.
Chipotle Mexican Grill (CMG.N) has a lot going for it -- an upscale burrito concept, a hip and eco-friendly image, expansion plans galore and a 500 percent-plus stock price gain in just over two years.
Even as results of a landmark vote show the people of Southern Sudan have decided to form a new nation and international leaders congratulate them, recent reported violent incidents in the North and South indicate that peace in the embattled nation is fragile.
The U.S. government strategy to clamp down on illegal immigrant workers has been focused for the last two years on so-called I-9 audits that target employers rather than large-scale raids that net lots of employees .
George W. Bush, the former president of the U.S., cancelled a trip to Switzerland for next weekend due to potential protest demonstrations by human rights groups over the treatment of prisoners at Guantánamo Bay as well as the threat of his arrest
Ford Motor Co is recalling more than 1,600 just-built Explorers for a safety problem with the second row of seats.
Republican Governor Rick Scott, who was just elected last November in a very close race, unveiled a budget that envisions $5 billion in spending cuts and almost 9,000 jobs slashed from the public sector.
An iPhone app aimed at helping Catholics through confession and encouraging lapsed followers back to the faith has been sanctioned by the Catholic Church in the United States.
Speaking at the Information Technology and Innovation Foundation event in Washington, F.C.C. Chairman Julius Genachowski said the U.S. needs to take action on its broadband problem.
Musical comedy Glee more than doubled its TV audience on Sunday, attracting 26.8 million viewers for a special episode broadcast after the Super Bowl, ratings figures showed on Monday.
The Federal Deposit Insurance Corp. (FDIC) has proposed new rules that will mandate large financial institutions to delay payment of 50 percent of executive bonuses for a period of three years in order to discourage risky financial activities.
The German newspaper Der Spiegel is reporting that the U.S. government has devised a plan for the president of Egypt Hosni Mubarak to exit the country gracefully by going to a hospital in Germany to seek medical treatment and a “prolonged health check.”
Hasbro Inc touted a strong entertainment lineup for 2011, including toys modeled after the movie Transformers -- Dark of the Moon, to reassure investors about its future sales prospects after a lackluster finish to the all-important holiday selling season.
A U.S. trade panel on Monday approved combined final duties ranging up to nearly 450 percent on steel drill pipe from China used in oil production.
U.S. stocks rose on Monday, boosted by merger news and rising metals prices as investors bet on a stronger global economy.
