Federal Reserve Chairman Ben S. Bernanke defended the central bank's record stimulus program under questioning from lawmakers, telling them that ending it prematurely would endanger a recovery hampered by high unemployment and government ...

WASHINGTON�Sales of previously owned homes reached the highest level in more than three years, with the share of foreclosure purchases shrinking, as the housing market continued its rebound last month.

Hewlett-Packard Co. Chief Executive Meg Whitman last fall told investors to expect a fallow 2013, but the company fared better than she predicted in its latest quarter, driving its share price up 13% in after-hours trading.

The Detroit Three auto makers learned a valuable lesson during the Great Recession: too much assembly capacity is deadly. Now, with the U.S.

Wed May 22, 2013 5:50pm EDT. * Wires $452 million to pay off U.S. DOE loan. * Repays loan using part of almost $1 bln raised in offerings last week.

TOKYO�Struggling Japanese conglomerate Sony Corp. said its board of directors has started preliminary discussions on what to do about a proposal from activist hedge-fund investor Daniel Loeb to take part of the company's entertainment business public.

(Corrects date of June FOMC meeting in fifth paragraph.) Yields on Fannie Mae and Freddie Mac mortgage bonds that guide U.S. home-loan rates climbed to the highest in almost a year as Federal Reserve Chairman Ben S. Bernanke told Congress the ...

It pays to be in TV. On the list of 10-best paid CEOs of 2012 - the exclusive club inside an already-exclusive club - half are in the entertainment and media industry, according to executive pay research firm Equilar.

The Florida city of South Miami misled investors by failing to disclose that it had used tax-exempt bond proceeds to help a developer finance a downtown parking and retail project, according to U.S.

A blogger is making a statement with bold photos that are going viral. She's challenging Abercrombie & Fitch with her own campaign: Attractive and Fat.