Latest US Retail Sales Data Shows Consumers Are Worried, Cautious
U.S. retail spending rose less than expected last month and stayed at roughly the same level it has been at since September.
Berkshire Hathaway Pays $1.2B For Shares From Estate Of Founder Warren Buffett
Berkshire Hathaway's board bought 9,200 of its shares from Warren Buffett's estate for $131,000 per share.
US Airways And Pilots Of Bankrupt American Airlines Seek Creditor Approval For Carriers To Merge, AMR Fighting Back
With pilots of bankrupt American Airlines approving a contract, the tug-of-war between American and US Airways over American's future will intensify.
US Economy Added 146,000 Jobs In Nov. - Better Than Expected - Unemployment Falls To 7.7%
U.S. employers last month created 146,000 jobs, far more than analysts expected, slashing unemployment to 7.7%.
Airlines Spending Big On More Fuel-Efficient Jets
Bombardier and Boeing are securing big orders as carriers like Delta Air Lines upgrade fleet fuel efficiency.
Freeport-McMoRan Copper & Gold Paying $9B For Plains Exploration & Production And Mcmoran Exploration Co.
Mining giant Freeport-McMoRan Copper & Gold Inc. agrees to pay $9 billion to diversify into oil and natural gas exploration and production.
Ignatius IV, Patriarch Of The Greek Orthodox Church Of Antioch And All The East, Dies
The head of the world's oldest Christian church, Ignatius IV of Damascus, died Wednesday of complications from a stroke.
US M&A Activity This Year To Be Weakest In Three Years: Survey
This year has been a dud for corporate mergers & acquisitions, a survey revealed, but there is some hope regarding 2013.
LA/Long Beach Port Strike Ends, Goods Begin Moving To Market For Holiday Shoppers
An eight-day strike at the ports of Los Angeles and Long Beach ended, lifting a threat to the fragile U.S. economic recovery.
SEC Charges Chinese Affiliates Of 5 Accounting Firms
The U.S. Securities and Exchange Commission charged the Chinese affiliates of five big accounting firms with violating securities laws by not turning over work papers from their audits of China-based firms the SEC is investigating.
Delta Aiming To Be First US Airline To Own Part Of Foreign Carrier
Delta Air, seeking better access to London's Heathrow, and a 1-ticket flight, is eyeing a 49% Virgin stake.
Scores Of Companies Line Up To Buy Rights To Twinkies
Twinkie lovers may be in for a sweet surprise soon as Hostess Brands finds big demand for the iconic treat.
Spain's Four Biggest Banks To Get $50B In Bailout Funds
The EU agreed to fund Spain's four nationalized banks in exchange for layoffs, asset sales and big losses for the banks' bond-holders.
Sales Of Homes And Durable Goods Boosting US Economy
The U.S. economy continues to strengthen, boosted by home sales and manufactured goods: computers, refrigerators and heavy machinery.
OECD Slashes Global Growth Forecast
Prospects for global economic growth are diminishing, the OECD said Tuesday.
Lehman Brothers Estate Sells Archstone For $6.5B
Equity Residential and AvalonBay Communities will pay $6.5 billion for U.S. apartment owner Archstone.
Obama Names Elisse Walter New Head Of SEC
President Obama names SEC commissioner Elisse B. Walter as chairman of the Securities and Exchange Commission.
Apollo Buying McGraw-Hill's Education Business For $2.5B
Apollo is paying $2.5 billion to buy the education business of McGraw-Hill Companies.
Hostess Brands RIP, But Who Will Take Over Making Twinkies?
Bankrupt Hostess Brands Inc. gained a court OK to wind down operations and fire 15,000 workers, one day before Thanksgiving.
United Airlines Not Responsible For Suspected 9/11 Security Breach: Court
A judge tossed negligence claims against United Airlines that it is responsible for suspected security breaches at a Maine airport just before the 9/11 attacks.
Bernanke: We Love The Banks, We Are Not Europe
The head of the U.S. central bank used a New York speech to explain the Federal Reserve's policies and priorities.
Bernanke Challenges Lawmakers To Address Nation's Fiscal Problem
The head of the world's most powerful central bank offered support for a two-step approach to the "fiscal cliff."
Rogue UBS Trader Convicted In $2.3B Loss
London jurors convict former UBS senior trader in $2.3 billion losses incurred from 2008 to 2011.
White House Officials Discussing Plan To Limit Fiscal Cliff's Spending Cuts: Report
White House officials are discussing a plan to delay and diminish the so-called fiscal cliff, according to a published report.
Twinkies Maker, Hostess Brands, To Liquidate; 18,000 Out of Work
The maker of the iconic American snack Twinkies is closing operations after 82 years.
Fiscal Cliff Fears Drag US Stocks Sharply Lower
U.S. stocks were sharply lower and analysts said worries about a big tax hike next year was one probable cause.
US Car Sales Post Strong Gains In October, Despite Sandy
Despite Hurricane Sandy cutting October car sales, the industry posted a big improvement in October over last year's results.
Barrick Gold Hit Again As Cost Increase Tops Price Hikes
The world's biggest gold producer posted its fourth-straight disappointing quarterly report as it struggled with costs that rise more than gold's price.
Exxon's 3Q Profit Falls But Beats Street's Expectations
The world's No. 1 energy company by market value posted declining third-quarter profits but still topped analysts' expectations.
Ford's 3Q Profit Beats Expectations On Strong US Performance
The No. 2 U.S. automaker posted an unexpected strong third-quarter as gains in its domestic business offset European losses.
