Before you shed a tear for the poor masters of the universe, consider this: The top 25 hedge fund managers made a combined $11.6 billion last year, according to an annual ranking by Institutional Investor's Alpha.
LOS ANGELES - Walt Disney Co. reported second-quarter profit that beat analysts' estimates, bolstered by improving results at its theme-park and merchandise units in a period that lacked a major movie blockbuster.
NEW YORK (AP) - Stocks are moving lower in midday trading following two days of gains that brought the market close to a record high.
When Tesla CEO Elon Musk unveiled his company's new battery division last week, he hailed the beginning of a "complete transformation of the entire energy infrastructure of the world.
The pace of growth in the U.S. services sector rose to a five-month high in April, lifted by a surge in business activity that offset a sharp decline in exports, an industry report showed on Tuesday.