Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.
Microsoft Executive Vice President Stephen Elop sent employees of the company's devices business a memo detailing its job cut plans.
Microsoft announced Thursday that it will cut up to 18,000 jobs, or about 14 percent of its staff. CEO Satya Nadella, who took the job in February, delivered the news to staff in a memo that Microsoft released publicly. Here's the text of that memo:
U.S. companies restocked their store shelves and warehouses at a steady pace in May, a sign they expect sales will remain solid in the months ahead.
Cigarette maker Reynolds American Inc. is planning to buy rival Lorillard Inc. for about $25 billion in a deal to combine two of the nation's oldest and biggest tobacco companies.
JPMorgan Chase, the nation's largest bank by assets, said Tuesday its second-quarter earnings fell 9 percent as revenue at its investment banking and mortgage businesses dropped.
Citigroup announced Monday that it will pay roughly $7 billion to settle a federal investigation into risky subprime mortgages, the type that helped bring on the financial crisis.
The world trade body has ruled against the United States in two disputes with India and China, telling the U.S. government it must abide by international rules.
Samsung Electronics Co. said it has suspended business ties with a Chinese supplier that allegedly hired children.
The SpaceX company has launched a rocket packed with communication satellites.
Volkswagen plans to build a new seven-passenger SUV at its factory in Chattanooga, Tennessee, adding about 2,000 factory jobs as it tries to reverse U.S. sales that have fallen for the past two years.
The once-every-four-years consumer frenzy, dubbed by some as the "World Cup Effect," drives the sale of everything from the traditional jerseys and cleats to unusual items such as team-endorsed windshield wiper fluid to Versace T-shirts and, yes, mobile phone apps.
A new fruit that research says packs more antioxidants than popular "superfoods" like blueberries, acai berries and goji berries is establishing itself in the aisles of mainstream grocery stores, showing up in everything from juices to powdered supplements to baby food.
The billionaire owner of Tesla Motors is giving $1 million to a New York museum dedicated to preserving the legacy of the inventor who inspired its name.
U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter.