News Tribune Financial
Macy’s Inc. reported a 20 percent increase in first-quarter profit even though cool temperatures and economic worries dampened some of its shoppers’ spending on spring clothes.
European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks’ creditors, including the holders of large deposits as a last resort.
Boeing restarted deliveries of 787s on Tuesday after a four-month halt while it dealt with the smoldering batteries that had kept the planes grounded.
The Food and Drug Administration on Tuesday approved a genetic test from Roche to help doctors identify patients who can benefit from a lung cancer drug made by the company’s Genentech unit.
The stock market marched back into record territory Tuesday as investors seized on the latest encouraging news about the economy. This time, it was a report on the health of small businesses.
Senior Internal Revenue Service officials knew agents were targeting tea party groups as early as 2011, according to a draft of an inspector general’s report obtained by The Associated Press that seemingly contradicts public statements by the IRS commissioner.
The U.S. Treasury said Friday that it took in a rare surplus of $113 billion in April, the largest in five years.
The government has sold another piece of its stake in General Motors Co.
One of the biggest critics of Michael Dell’s plan to take the company he founded private has launched a fresh challenge to that $24.4 billion bid and says the slumping PC maker needs new leadership.
Regulators say they have closed banks in North Carolina and Georgia, bringing the number of U.S. bank failures to 12 this year.
In a surprise move Friday, federal health regulators denied a request by Endo Health Solutions to block generic versions of its painkiller Opana ER, which the company argued are more easily abused than its branded product.
The dollar soared above 100 yen for the first time in more than four years Friday, driven by aggressive credit-easing aimed at reviving Japan’s sluggish economy and improved U.S. economic figures.
Financial data and news company Bloomberg LP said Friday that it had corrected a “mistake” in its newsgathering policies and cut off its journalists’ special access to client log-in data on the company’s ubiquitous trading information terminals after Goldman Sachs complained about the matter last month.
Battling back against tax cuts in neighboring Kansas, Missouri lawmakers gave final approval Thursday to an income tax cut for businesses and individuals that could reduce state revenues by about $700 million annually when fully phased in.
American Airlines has agreed to pay $24.9 million to settle $162 million in potential fines that were proposed by U.S. safety regulators.