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 (AP) - Stocks are closing sharply higher after the US government reported a big increase in hiring last month. The Dow Jones industrial average jumped 198 points, or 1.3 percent, to 16,020 Friday.
Matthew Taylor, a former trader for Goldman Sachs, pleaded guilty to fabricating huge positions Brendan McDermid/Reuters Matthew Taylor, a former trader for Goldman Sachs, pleaded guilty to fabricating huge positions to protect his bonus.
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.