NEW YORK, NY - DECEMBER 02: People carry shopping bags along Broadway on December 2, 2013 in New York City. According to the National Retail Federation, retail spending over the Thanksgiving weekend fell for the first time in at least seven years.
China's cut in interest rates is set to squeeze banks' margins, the head of the world's most profitable lender said. On Friday, the People's Bank of China raised the cap on what banks can pay customers for deposits to 120 percent of the benchmark rate from ...
Adam Lanza's mother and others accommodated his social problems, says Connecticut's Office of the Child Advocate, and that proved to be 'a very tragic mistake.
Bond investors who sold Alibaba Group Holding Ltd. (BABA)'s new long-term debt deal earned about $11.5 million in gains with most of the increase coming from the longest-dated securities.
The stock market closed out its fifth straight week of gains with another record high on Friday. The Dow Jones industrial average and Standard & Poor's 500 indexes closed high, extending the market's gains for the week.