Billionaire Warren Buffett is proud of what he's built as Berkshire Hathaway's CEO over the past 50 years, but he's also willing to admit making a few costly mistakes along the way.
Moody's Investors Service has downgraded Chicago's credit rating to two levels above junk status, citing the city's $20 billion mountain of unfunded pension liabilities.
The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit.
Gas prices are soaring in California in a classic example of supply and demand after an explosion stopped gasoline production at an Exxon Mobil refinery while another remains offline due to labor unrest.
February proved to be a strong month for U.S. stocks, even though it ended in downbeat fashion.
U.S. stocks drifted to a slightly lower finish on Thursday, weighed down by falling energy stocks as the slump in oil prices deepened.
The stock market largely shrugged off the Federal Communications Commission's vote to impose tougher rules on broadband providers like Comcast, Verizon and AT&T to prevent them from creating paid fast lanes for the Internet and slowing or blocking Web traffic.
The House voted Wednesday to expand the benefits of popular college savings plans that President Barack Obama failed to scale back.
Morgan Stanley said Wednesday that it has agreed to pay $2.6 billion to settle with the federal government over its role in the mortgage bubble and subsequent financial crisis.
The Dow Jones industrial average notched its third record high close in a row Wednesday, even as other market indexes ended lower.
Target Corp. delivered a cautious profit outlook for the first quarter and reported a loss in its fourth quarter, dragged down by costs to end its money-losing foray in Canada.
U.S. home prices rose in December at a faster pace than the previous month, likely because of a much smaller number of homes for sale.
Defying the Republican-run Congress, President Barack Obama rejected a bill Tuesday to approve construction of the Keystone XL oil pipeline, wielding his veto power for only the third time in his presidency.
The Dow Jones industrial average and Standard & Poor's 500 index delivered new highs Tuesday, beating marks they set last week.
The Home Depot Inc. on Tuesday reported fiscal fourth-quarter earnings of $1.38 billion.