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.
NEW YORK -- U.S. stocks tumbled Tuesday, with the Nasdaq 100 index falling the most since April, as a drop in durable-goods orders and disappointing results from Caterpillar to Microsoft, heightened concern about the economy's strength.
(Bloomberg) -- Singapore's central bank unexpectedly eased monetary policy, sending the currency to the weakest since 2010 as the country joined global policy makers in shoring up growth amid dwindling inflation.
Customers shop in December at Nordstrom Rack in Schaumburg. Lower gas prices has people spending more, helping to spike the consumer confidence index.
SAN FRANCISCO (AP) - Yahoo CEO Marissa Mayer is losing a precious security blanket now that she is spinning off the Internet company's prized stake in China's Alibaba Group.