Office Depot Inc posted better-than-expected first-quarter results on Tuesday as cost cuts offset a sharp decline in sales, and the No. 2 U.S. office supplies retailer's shares jumped more than 23 percent.
Office Depot Inc reported a quarterly loss on Tuesday as consumers and small business customers reduced their spending on large ticket items like furniture and computers.
The U.S. Internal Revenue Service is preparing to pursue other foreign banks for allegedly facilitating tax evasion by wealthy Americans following its high-profile case against Switzerland's UBS AG , an IRS official said on Monday.
A college diploma has long been the ticket to a good job, but the deepest economic slump in decades has dampened the dreams of many U.S. college seniors.
Switzerland, under pressure to join a global crackdown on tax fraud, asked the United States Saturday to drop a legal case involving UBS bank in return for a new tax accord the two countries are about to negotiate.
Bank regulators in Michigan closed Michigan Heritage Bank on Friday, the 27th U.S. bank to fail this year as the struggling economy and falling home prices take their toll on financial institutions.
SunTrust Banks Inc posted its second straight quarterly loss on Thursday, hurt by charges related to the collapsing real estate market.
The Turks and Caicos Islands consist of 40 islands and cays, eight of which are inhabited. The islands are located 550 miles southeast of Miami, Florida, just below the Bahamas chain and just to the east of Cuba and the island of Hispaniola (Dominican Republic and Haiti.) Technically, the Turks and Caicos are located in the Atlantic Ocean, not the Caribbean Sea.
General Electric Co Chief Executive Jeff Immelt told shareholders on Wednesday that it is hard to tell how long the current global recession will linger.
FPL Group's chief executive officer said on Monday that the company's Florida utility's $200 million smart grid initiative will link homes and power plants and support expanding use of solar power and electric cars.
Heather Whaling, a marketer from Florida, was recently planning a business trip to Long Beach, CA, and wondered if she should fly into Long Beach or LAX. She could have looked at blogs, checked out airport websites, or even called a travel agent.
The mustached face of Sir Allen Stanford, the billionaire Texan accused of an $8 billion fraud by U.S. regulators, can be yours for only $29.99.
One in every eight U.S. households, a record share, ended 2008 behind on their mortgage payments or in the foreclosure process as job losses intensified a housing crisis spawned by lax lending practices, the Mortgage Bankers Association said on Thursday.
A wealthy Florida yacht broker, caught up in a federal probe of UBS AG , pleaded guilty on Tuesday to using the Swiss bank to hide more than $3 million in assets from the U.S. government.
A Florida utility and a real estate developer are aiming to bring the country's first solar-powered city to the Sunshine State.
U.S. authorities are opposing an effort to force Bernard Madoff into involuntary bankruptcy, a move some bilked clients contend would help ensure the confessed swindler's personal assets will be used to compensate his victims.
Three members of a U.S. congressional delegation met on Tuesday with former Cuban leader Fidel Castro in his first known talks with U.S. officials since he underwent surgery in July 2006.
Allen Stanford, the billionaire Texan accused of an $8 billion fraud by U.S. regulators, expects to be indicted by a federal grand jury in the next two weeks, according to an ABC News interview released on Monday.
Representatives from at least 15 U.S. states discussed with a federal regulator the possibility of using their pension funds to buy troubled loans and securities, or toxic assets, the Bergen County Record in New Jersey reported.
As investigators delve into the private life and personal possessions of Wall Street swindler Bernard Madoff, at least one thing has become apparent -- he was obsessed with bulls.
The number of U.S. workers filing new claims for jobless benefits surged to a nearly 26-1/2 year high last week, data showed on Thursday, indicating that the pace of job losses was yet to peak.
Massachusetts' securities regulators sued Fairfield Greenwich Group, a major feeder fund for Bernard Madoff's Ponzi scheme, accusing the hedge fund of lying to investors and not exercising enough diligence over investments that were worth billions of dollars.
