WASHINGTON - The federal Export-Import Bank will phase out starting at midnight Tuesday due to congressional inaction. The bank is a small government agency that provides financial support to U.S.
U.S. stocks gave up some of their gains in afternoon trading on Tuesday as investors remained on the edge, hoping for a last-minute deal to keep Greece in the euro.
On Tuesday, the biotech ponied up $1 billion to gain access to innovative cancer treatments being developed by Juno Therapeutics. The deal gives Celgene a 10% stake in Juno, as well the rights to sell the company's therapies around the world.
Apollo Education Group Inc., owner of the University of Phoenix, fell the most in three months after it lowered profit and revenue forecasts and said enrollment will fall by 50,000 next year.
With temperatures soaring, managers of California's electricity grid urged residents Tuesday to conserve energy from 2 to 9 p.m.. The California Independent System Operator, which runs the state's transmission grid from Folsom, issued a so-called “Flex ...