California's independent legislative analyst on Wednesday offered a rosier financial forecast for the state than in the last several years, projecting annual operating surpluses approaching $10 billion a year by the 2017-18 fiscal year if current spending and revenue policies continue.
Even though J.C. Penney's latest results show the beleaguered retailer is hardly out of the woods, investors still see reasons to cheer.
A prosecutor told jurors at the start of the first insider trading trial of a portfolio manager for SAC Capital Advisors that insider trading was relied upon to boost slumping results in 2007, but a defense lawyer said Wednesday that his client was the victim of a corrupt analyst who cooperated with the government to escape a long prison sentence.
An online video game company accused of infecting thousands of computers with malicious software and using that access to illegally mine for the electronic currency Bitcoin has agreed to pay a $1 million settlement, the New Jersey attorney general's office said Tuesday.
Johnson & Johnson said late Tuesday that it will pay $2.5 billion to settle thousands of lawsuits brought by hip replacement patients who accuse the company of selling faulty implants that led to injuries and additional surgeries.
Ben Bernanke offered a broad defense Tuesday of the Federal Reserve's policies under his leadership two months before his eight-year tenure ends.
JPMorgan Chase & Co. has agreed to pay $13 billion in a landmark settlement and acknowledged that it misled investors about the quality of risky mortgage-backed securities ahead of the 2008 financial crisis.
Irvington, N.J., is moving forward with plans to become the second municipality in the nation to use eminent domain to buy mortgages that are in foreclosure.
Former U.S. Treasury Secretary Timothy Geithner, who played a central role in the government's response to the financial crisis of 2008-2009, is joining private equity firm Warburg Pincus LLC.
The Obama administration on Friday proposed to reduce the amount of ethanol in the nation's fuel supply for the first time, acknowledging that the biofuel law championed by both parties in 2007 is not working as well as expected.
The price of oil circled $94 for a second week as the promise of the continuation of the Federal Reserve's economic stimulus was balanced by abundant U.S. supplies.
Top Volkswagen officials are trying to quell fears among Tennessee politicians about efforts to work with a union to create a German-style works council at the automaker's lone U.S. plant in Chattanooga.
JPMorgan Chase & Co. has reached a $4.5 billion settlement with investors who said the bank deceived them about bad mortgage investments.
The five states that border the Gulf of Mexico are getting $113 million to improve the environment, the first small chunk of $2.5 billion that BP and Transocean were fined as a result of criminal pleas last year following the 2010 Gulf oil spill.
Warren Buffett's company disclosed a new stake of 40 million Exxon Mobil Corp. shares Thursday and revealed that it further cut its ConocoPhillips investment during the third quarter.