CIT Group, the U.S. lender caught in a liquidity crunch which may lead to a bankruptcy filing as soon as Monday, had planned for government assistance as a first and second resort, a senior Obama administration official said, according the Wall Street Journal.
American cyclist Lance Armstrong lost the third overall position in the Tour de France on Saturday during stage 14 of the race as George Hincapie also from the U.S. entered among the first three.
Three Republican senators said Friday they will back President Barack Obama's choice of Sonia Sotomayor to serve on the U.S. Supreme Court, setting the stage for a likely easy confirmation.
U.S. Secretary of State Hillary Clinton met survivors of the Mumbai attacks, talked climate change with Indian industrialists and was serenaded by village women as she visited India's financial capital on Saturday.
A U.S. securities industry lobbying group said on Friday it supports a proposal by the Obama administration to hold brokers to a higher standard for protecting clients' interests when giving investment advice.
Big defense contractors could be poised to shed jobs as the Pentagon cuts traditional weapons spending, while smaller, niche companies may ramp up their hiring as the United States expands resources to protect ground troops and computer networks.
The United States is ready to hold talks with North Korea if the conditions are right but will also press U.N. sanctions to punish Pyongyang for its nuclear and missile tests, a senior envoy for Asia said on Saturday.
President Barack Obama appealed to Americans on Saturday to back his ambitious revamp of the U.S. health care system, seeking to regain momentum amid growing worries among lawmakers over how to pay for it.
Several large investment firms are creating new lending companies that plan to go public to raise billions of dollars to take advantage of the distress in the commercial real estate market, and more are on the horizon.
Globe Specialty Metals Inc, a New York-based producer of silicon metal and silicon-based alloys, will price its estimated $112 million initial public offering on July 29, and begin trading on Nasdaq the following day, one of the IPO's underwriters said on Friday.
Insurer UnitedHealth Group Inc is in talks to buy the U.S. Northeast operations of rival Health Net Inc, sources familiar with the situation said on Friday.
Golden Gate Capital won an auction for Eddie Bauer Holdings Inc with a $286 million cash bid and agreed to keep open most of its 370 stores, the bankrupt outdoor apparel retailer said on Friday.
Brazilian mining company Vale, the world's top iron ore miner, said on Friday it is not seeking to buy fertilizer assets following rumors it was planning a bid for U.S.-based fertilizer company Mosaic.
The departure announced this week of Continental Airlines' CEO has spurred debate that the carrier could resume consolidation talks with new partner United Airlines, but the chance of a quick merger remains remote.
Activist investor Carl Icahn spoke out in favor of a search deal between Yahoo Inc and Microsoft Corp, as talks between the two companies appeared to regain momentum.
California farmer Tom Willey was first attracted to organic farming 21 years ago after noticing how many chemicals he was using in conventional farming.
The number of extremely rich people living in the United States declined by 18.5 percent in 2008 as the economic crisis took hold, according to a new report.
Spanish language media company Univision Communications said on Friday a U.S. district court ruled in its favor in an Internet rights litigation case with rival Grupo Televisa.
Audiences are voicing snap judgments on movies faster and to more people than ever before on Twitter, and their ability to create a box office hit or a flop is forcing major studios to revamp marketing campaigns.
U.S. President Barack Obama expressed his deepest condolences to the victims in Jakarta bombing on Friday.
American International Group Inc filed a shelf registration statement with U.S. regulators on Friday, giving it the capability to issue common or preferred stock in the future.
The House Intelligence Committee said on Friday it was launching a formal investigation into the concealment of a secret CIA program from Congress that one senator said was withheld on orders from former Vice President Dick Cheney.
