What's News US
Updated: 1 year 4 months ago
Asian markets were mostly lower on Tuesday, as Chinese stocks continued to decline on fears of a flood of new listings, while Japanese stocks got a boost from a weaker yen. The Shanghai Composite lost 0.2%.
Federal prosecutors are seizing cars and cash from those using straw buyers to acquire expensive new vehicles in the U.S. and export them to China, where the cars fetch much more.
A budget-stretching tactic employed by strapped local governments from California to Puerto Rico is coming under market scrutiny, amid fears that Detroit's record bankruptcy filing could presage further pain.
These "unconstrained" funds are gaining in popularity as investors anticipate the Federal Reserve reducing its bond-purchase program.
A top lieutenant to Bernard L. Madoff explained in detailed testimony the lengths required to maintain the firm's massive Ponzi scheme.
Bank of America agreed to pay $404 million to Freddie Mac to resolve claims stemming from mortgage loans the bank sold to Freddie over the past decade.
FCC chief Tom Wheeler indicated he might support limiting big carriers like AT&T and Verizon Wireless from amassing airwaves at a coming spectrum auction, in good news for T-Mobile and Sprint.
Elite New York law firm plans to pay associate attorneys the same bonuses it paid in 2012, reflecting a cautious outlook
Viewership is weak at business-focused cable TV channels CNBC, Fox and Bloomberg, in part a reflection of the way individual investors have ceded stock trading to large institutional investors.
French media company Lagardère and German car maker Daimler are set to face trial on charges of alleged insider trading of shares in European Aeronautic Defence & Space in 2006.
Some of the nation's largest banks will offer loans that don't conform to new gold-standard lending definitions under sweeping mortgage regulations set to take effect next month, reversing course after industry leaders had earlier suggested that banks might further curtail lending.
Genetic-test maker 23andMe said it stopped all marketing of its service last week in response to a U.S. regulatory order.
Goldman Sachs and J.P. Morgan won approval from the Fed on their capital plans, a move designed to ensure they have the wherewithal to withstand a period of economic or financial stress.
U.S. factories expanded in November for the sixth straight month, signaling stronger demand at home and abroad that could boost growth prospects into next year.
As the five lead underwriters for Twitter Inc.'s IPO rolled out their first research reports on the stock, only two gave Twitter a ratings equivalent of "buy."
Officials from Saudi Arabia and other Persian Gulf oil nations said for the first time Monday that the prices they charge in the U.S. were hurt by a shale production boom.
Officials cited an error that occurred during a test of its system.
After 12 years of missed deadlines—and the failure last week to agree on even a scaled-back package ahead of a four-day meeting in Bali—the Doha round of trade negotiations appear all but dead.
Deal includes rights to Nokia patents as well its smartphone products; about 32,000 Nokia employees are expected to join Microsoft.
Dow Chemical is exploring a possible sale or spinoff of its commodity chemicals businesses, in a continuation of the company's push to refocus its efforts.