Mary Schapiro will step down as chairman of the Securities and Exchange Commission next month after a tumultuous tenure in which she helped lead the U.S. government's regulatory response to the 2008 financial crisis.
Despite the flood around the holidays, annual catalog circulation by retailers has actually dipped substantially because of a postage increase, a weak economy and more shoppers making purchases online.
Federal Reserve Chairman Ben Bernanke is warning Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year.
Federal authorities in New York have charged a former hedge fund portfolio manager with what they call the most lucrative insider trading scheme in U. S. history, with benefits reaching more than a quarter of a billion dollars.
U.S. builders started construction last month on the most single-family homes and apartments since July 2008, more evidence that the housing recovery is gaining momentum.
Stocks are opening lower on Wall Street. Hewlett-Packard is down after saying that a British company it bought for $10 billion last year lied about its finances.
When he meets with about a dozen business executives at the White House today, President Barack Obama will be looking for support for $1.6 trillion in new revenue, to avoid the "fiscal cliff" in January.
The state still has not paid the final $2 million it owes to 3M Co. for a new motor vehicle system that created long delays after it was introduced in May.
