The U.S. government expects to sell the last of its stake in General Motors by the end of the year, bringing an end to a sad chapter in the 105-year-old company's history.
The number of people applying for U.S. unemployment benefits fell 21,000 to a seasonally adjusted 323,000 last week, the lowest since late September and further evidence of an improving job market.
U.S. wholesale prices fell in October for the second straight month, driven down again by cheaper gasoline costs.
Further evidence emerged Thursday to show that the economic recovery in the 17-country eurozone is already losing steam, just months after it emerged from its longest-ever recession.
Cheaper gasoline lowered overall U.S. consumer prices slightly in October. But outside the steep drop at the pump, inflation stayed mild.
Fewer Americans bought existing homes in October, as higher mortgage rates, the 16-day partial government shutdown and a limited supply of houses on the market reduced sales.
Consumers shrugged off the 16-day partial government shutdown and spent more on autos, clothing and furniture in October, boosting U.S. retail sales by the most in four months.
U.S. businesses increased their stockpiles in September by the largest amount in eight months while sales posted a modest gain.
Lowe's third-quarter net income increased 26 percent, as the home-improvement retailer was bolstered by the housing market's ongoing recovery.
JPMorgan Chase & Co. has reached a record $13 billion settlement with federal and state authorities, resolving claims over the bank's sales of low-quality, high-risk mortgage-backed securities that collapsed in value during the U.S. housing crisis.
Americans' shift toward fresh foods is kicking Campbell Soup right in the can.
United Airlines said Tuesday that it will cut costs, overhaul its website, and shift flying from Asia to Europe as it aims to keep shareholders happy.
Home Depot's fiscal third-quarter profit climbed as sales at its U.S. stores strengthened amid the improvement of the housing market.
Nokia shareholders looked set Tuesday to approve the sale of the ailing cellphone division and a portfolio of patents and services to Microsoft Corp. for 5.4 billion euros ($7.2 billion).
Growth in global prescription drug spending will slow to the lowest rate in decades as low-cost generic drugs continue replacing former blockbusters in the U.S. and Europe, where governments face new pressure to reduce health care spending, according to a new forecast.