Federal Reserve Chair Janet Yellen sees a number of encouraging signs that the economy is reviving after a brutal winter and says if the improvements stay on track, the Fed will likely start raising interest rates later this year.
FAO Schwarz on Fifth Avenue, probably the best-known toy store in the world, is closing Wednesday night.
U.S. factory production was unchanged for a second straight month in June as a sharp drop in auto manufacturing was offset by greater output of furniture and chemicals.
Eggs are getting much more expensive — by the dozen and otherwise.
Delta Air Lines' second-quarter profit nearly doubled to $1.5 billion as huge savings on fuel offset weak growth in revenue.
The wave of consolidation that swept the U.S. airline industry has markedly reduced competition at many of the nation's major airports, and passengers appear to be paying the price in higher fares and fees, an Associated Press analysis has found.
A Massachusetts woman filed a class-action lawsuit Tuesday accusing Wal-Mart of wrongly denying employee benefits for same-sex spouses.
Americans cut back their spending at stores and restaurants last month, a sign that they remain cautious despite robust job growth in the past year.
Starbucks is jumping into the surging coffee market in South Africa, where the number of cafes has expanded rapidly in recent years.
After fretting over a Greek bailout, a collapse in Chinese stocks and the timing of an interest rate increase, investors are hoping U.S. corporate earnings will bring more reassuring news this month.
The online price fight is heating up between Wal-Mart and Amazon.com, and it's not even the holiday shopping season.
Natural gas overtook coal as the top source of U.S. electric power generation for the first time ever earlier this year, a milestone that has been in the making for years as the price of gas slides and new regulations make coal more risky for power generators.
General Motors' faulty ignition switches were responsible for at least 124 deaths and 266 injuries, according to a fund set up to compensate the victims.
Satoru Iwata, who led Japanese video game company Nintendo Co. through years of growth with its Pokemon and Super Mario franchises, has died after a lengthy illness.
Authorities accused securities firms of manipulating stock prices during China's market plunge and launched a crackdown Monday against unlicensed companies that financed speculative trading.