NEW YORK - With a $73 billion debt burden that Gov. Alejandro Garc�a Padilla recently called inconvertible, Puerto Rico is now being giving advice by hedge funds: improve tax collection and cut education spending to reduce mounting debt.
DETROIT Ford Motor Co's chief executive, Mark Fields, said on Tuesday he wants the company to act "like a startup" as it prepares for an evolution of the auto industry, after it posted second-quarter profit that handily beat expectations.
U.S. stocks rebounded Tuesday, snapping a five-day losing streak. A slowing selloff in China along with better-than-expected earnings reports sparked a relief rally on Wall Street, with the main indexes posting solid gains.
The French pharmaceutical giant Sanofi will pay at least $1.7 billion to enter a new collaboration with Regeneron Pharmaceuticals, this one aimed at developing drugs that harness the body's immune system to fight cancer.
US Consumer confidence slumped in July by the most in almost four years. Ed Bailey. by Erin Roman. Americans are growing concerned that this is about as good as it gets.