Business

Dow Chemical, which is the largest chemical maker by sales in the United States, plans to slash around 2,400 jobs and close 20 manufacturing plants to decrease its annual costs by $500 million as the global eco...

On Wednesday, Barnes & Noble announced that it was the victim of data theft through tampered devices that customers used to swipe debit or credit cards in 63 stores. B&N is the largest bookseller in the...

The market closed on a sour note Friday due to disappointing corporate earnings. The Dow Jones industrial average dropped more than 200 points to reach its worst level in four months. Three companies belonging ...

Brent crude prices dropped Friday for the fourth session in a row due to global economic concerns as well as speculations that a major Canadian crude oil pipeline project to the United States would restart on s...

American Express Co., the biggest credit card issuer by purchases, announced its third quarter profit. It matched analysts’ predictions as card spending growth slowed down. Net income for the company increased ...

Citigroup emerged as the big winner among US banks Monday with its shares increasing 5.5 percent to close at $36.66. All indexes increased 1 percent after the US Department of Commerce announced that retail sal...

Republican Mitt Romney wanted big tax cuts since the start of his presidential campaign. But at present, he seemed to have changed his mind and warned middle class families not to get their hopes too high. Duri...

Federal Reserve Bank of Chicago President Charles Evans said that policy makers must not be passive when it comes to the high unemployment rate in the United States. He fired back at the critics of the Fed’s de...

The world’s largest maker of generic drugs, Teva Pharmaceuticals has announced it agreed to yank its entire generic version of Wellbutrin XL from pharmacies and store shelves across the United States. Teva’s de...

Federal and state officials said that companies responsible for the 2008 financial crisis will face more lawsuits. They made the statement a day after New York State filed a lawsuit against JPMorgan Chase &...