Senate Minority Leader Mitch McConnell on Tuesday rejected the notion of committing to future budget cuts after the President leaves office as he appointed a fellow Senate Republican to a debt panel to discuss how to reduce the long-term federal deficits.
The CURRENT SURGE in silver prices worldwide might seem dramatic, but it's more measured - so far, at least - than the true silver bubble that went Bang! in Jan. 1980. Even so, you might as well call this a record price.
While the media in Britain, Europe and the U.S. (and elsewhere) are rapidly ramping up their coverage of the upcoming Royal Wedding between Prince William and Kate Middleton, more than one-third (35 percent) of British adults plan to ignore the festivities altogether, according to a survey by YouGov, internet-based market research firm launched in the UK.
U.S. Treasury Secretary Timothy Geithner, going on the offensive one day after Standard & Poor's threatened to lower its top-tier rating on U.S. government debt, said on Tuesday there was no risk of a downgrade.
Warren Buffett and the rest of Berkshire Hathaway Inc's board of directors were sued by a shareholder on Tuesday over presumed heir apparent David Sokol's trading in the stock of a company that was later bought by Berkshire.
Gold prices continue to defy gravity and barreled past the psychologically important level of $1,500 per ounce in intraday trading on Tuesday. It briefly hit $1,500.50 and settled at $1494.50. Both figures are record highs.
Treasury Secretary Timothy Geithner on Tuesday said bipartisan framework that sets targets for deficit reduction over the long-term could could be agreed to in the next few months, but exactly how to go about that would not happen soon.
Johnson & Johnson reported stronger-than-expected quarterly earnings, fueled by higher prescription drug sales and stabilizing performance of its consumer products business that has been plagued by recalls.
Research In Motion's PlayBook tablet computer launched in almost empty stores on Tuesday, unable to whip up the frenzy that accompanies the debut of anything from rival Apple.
Mike Huckabee would draw many votes in the key Iowa primaries next year if he chose to run on the Presidential ticket, according to a survey by Public Policy Polling (PPP).
U.S. stocks advanced on Tuesday as stronger-than-expected report on new home starts and encouraging quarterly results from Johnson & Johnson buoyed sentiment.
Goldman Sachs Group Inc posted a 72 percent decline in quarterly earnings as trading revenue dropped, and the bank cautioned that its businesses face headwinds.
U.S. stocks rose on Tuesday after encouraging earnings from healthcare and materials companies and unexpected strength in housing, but weakness in technology and banks tempered gains.
Brent crude oil futures fell below $120 on Tuesday for the first time in two weeks, pressured by concern over the economic outlook and the risk that high prices could erode demand.
General Electric Co imposed new conditions on a large options award the board granted to Chief Executive Jeff Immelt after shareholders expressed concerns that the terms needed to be more stringent.
The Obama administration fired a fresh salvo at Wall Street on Tuesday, telling critics of the U.S. financial reform law to knock off their attacks.
Nasdaq OMX Group and Intercontinental Exchange Inc promised to pay a $350 million fee to NYSE Euronext if regulators knock down their takeover offer, in a bid to get NYSE to start deal talks.
Research In Motion's PlayBook went on sale in the United States and Canada on Tuesday in a launch the company hopes will win customers away from Apple's dominant iPad tablet computer.
There are some interesting elements from Donald Trump’s own ancestry. For one thing, “Trump” is not his real name.
Goldman Sachs Group Inc posted a 72 percent drop in first-quarter profit to shareholders as it made less money from trading bonds for clients. The largest U.S. investment bank posted a profit to common shareholders of $908 million, or $1.56 per share, compared with $3.3 billion, or $5.59 per share, in the same quarter a year ago.
U.S. stocks were little changed on Tuesday as sliding revenue in financial companies pointed to a struggling economy.
NASA is working to ensure the next generation of space craft is American-made.