SAN FRANCISCO - Marissa Mayer, chief executive of Yahoo, said on Tuesday that the Internet company would spin off its 15.4 percent stake in Alibaba, China's leading e-commerce company, into a separate company.
A slew of economic reports Tuesday highlighted the growing confidence of consumers and the emerging concerns of businesses. Consumer confidence surged to a more than seven-year high in January as gasoline prices continued to tumble and job growth ...
AT&T, one of the largest U.S. telecom companies, said Tuesday its wireless sales grew nearly 8% in the 2014 fourth quarter but reported a net loss of $4 billion as operating expenses rose.
China's slowdown is expected to hit construction-equipment sales at Caterpillar, but that shouldn't come as a surprise. Photo: Reuters.
WASHINGTON - The Obama administration moved Tuesday to open up a vast stretch of East Coast waters to oil and gas drilling, a decision that could have a profound impact on the economic and environmental future of states from Virginia to Georgia.