WASHINGTON�The amount of debt U.S. consumers held on credit cards and other revolving accounts reached the highest level in more than three years in October, a sign that Americans were looking to spend heading into the holiday season.
Bitcoin, the virtual money former Federal Reserve Chairman Alan Greenspan called �a bubble,� was accepted as payment in the purchase of a Tesla Motors Inc. (TSLA) Model S electric car at a California Lamborghini dealership.
NEW YORK (Reuters) - Stocks soared on Friday, with the Dow and the S&P 500 ending a five-day losing streak after a robust jobs report gave traders confidence that the economic recovery was gaining strength.
A former Goldman Sachs vice president and trader, was on Friday sentenced to nine months in prison by a federal judge in Manhattan for trying to cover up an $8.3 billion trade.
Struggling Sears Holdings Corp. said Friday it will spin off its Lands' End clothing business, adding to the list of units it has been getting rid of to raise cash.