WASHINGTON (Reuters) - U.S. consumer spending fell for a second straight month in January, likely as lower gasoline prices continued to weigh on receipts at service stations.
(Bloomberg) -- Lumber Liquidators Holdings Inc. sold flooring containing levels of formaldehyde higher than California health and safety standards, according to the television news program �60 Minutes.
Citigroup Inc. will become the exclusive issuer of Costco's credit cards and Visa Inc. will replace American Express as the credit-card network for Costco's stores starting in 2016, the retailer announced Monday.
Freescale Semiconductor's $17.6 billion 2006 leveraged buyout won't go down as one of the private equity industry's better deals after the highly indebted semiconductor fell into distress during the credit crunch.
Despite plunging oil prices and a weakened euro, the ranks of the world's wealthiest defied global economic turmoil and expanded yet again.