Wall Street Gives Mixed Response to Weak Jobs Report

Wall Street markets were mixed in early trading on Friday after softer-than-anticipated jobs data. Bonds jumped on the news. The yield on the 10-year...

Home Depot Investigating Possible System Hack

Home Depot may be the latest retailer to suffer a major credit card data breach. On Tuesday, the popular home improvement chain said it's working...

Global Stocks Rise, Euro Slumps After European Central Bank Cuts Interest Rates Again

European stock markets surged and the euro sank on Thursday after the European Central Bank surprised by cutting already ultra-low interest rates to prop...

Eric Cantor Hired as Vice-Chairman at Moelis & Co.

When Eric Cantor suffered a surprising electoral defeat this year, Washington pundits wondered where the House majority leader would end up.  The answer: a Wall Street boutique...

Jeff Bezos Appoints Fred Ryan as New Washington Post Publisher and CEO

Amazon CEO Jeff Bezos acquired The Washington Post newspaper and website one year ago, but in some ways his period of ownership is just...

Fast-food Workers Plan to Walk Off the Job on Thursday to Demonstrate for $15/hour...

McDonald's line cooks, Burger King cashiers and other fast-food restaurant workers across the U.S. plan to walk off the job on Thursday in an...

Lawyers, Financial Managers, and Software Developers Top List of Six-Figure Jobs with Most Employees...

The nationwide median household income was $53,891 as of June, according to Sentier Research, down nearly 5% from where it was at start of...

Start-Ups Stock Up on Financing in Case of Leaner Times Ahead

In 1999, right before the dot-com bubble popped, Lawrence Coburn quit his corporate job and dove into the Internet gold rush, raising $600,000 from...

Mort Zuckerman Says President Obama “Has Lost the Confidence of the Business Community”

US News and World Report Chairman and Editor-in-Chief and publisher of The New York Daily News, Mort Zuckerman argued that President Obama “has lost...

S&P 500 Ekes Out Another Record Close at 2000.12

Stocks were relatively unchanged and closed mixed in listless trading Wednesday as the S&P 500 managed to eke out another record closing high. The major...

Burger King Reportedly in Talks to Buy Canadian Doughnuts-and-Coffee Chain and Move Headquarters There

Burger King may be the home of the Whopper, but Canada may be the new home of Burger King. The restaurant operator said on Sunday...

S&P 500 Hits Milestone 2,000 Level

The U.S. S&P 500 stock index broke through the landmark 2,000 level on Monday, marking a six year rally which has benefitted many Americans from...

Sprint, T-Mobile, and Verizon to Begin Price Reduction War in U.S.

The situation is such in the United States that the wireless service providers have been made to run after the customers of other service providers....

5 Executives In Line to become the Next CEO of Procter & Gamble

Tucked away in the fine print of just-delivered annual financial reports are clues that may help answer a tantalizing question: Who might become Procter...

McDonald’s Names New US Unit President for Second Time In Two Years

McDonald's Corp MCD.N is changing the leadership at its struggling U.S. division for the second time in two years in a move that may...

Bank of America’s $16.65 Billion Government Settlement May Be Softened by Tax Deductions

Bank of America's (BAC) $16.65 billion government settlement for selling toxic mortgage securities marks a new U.S. record, but the bank can cushion much of the...

Bank of America to Pay $16.65 Billion in Largest Settlement in U.S. History

Bank of America Corp. has agreed to pay $16.65 billion to end federal and state investigations into the sale of toxic mortgage securities during...

Macy’s to Pay $650,000 in Racial Profiling Settlement

Macy’s will pay $650,000 to settle allegations of racially profiling customers at its Herald Square store in Manhattan, making it the second New York department...

Computer System Breach at UPS Store May Have Exposed Sensitive Customer Data

United Parcel Service Inc. (UPS:US) said a breach of computer systems at UPS Store retail outlets may have exposed customers’ personal and payment data at some...

Home Depot Gets Boost from Strong Spring Rebound

Home Depot reported a 14% jump in fiscal second-quarter profit, as the home-improvement retailer benefited from a strong spring rebound after the severe winter delayed...