The largest tech IPO of the year will come from a company that many Americans have never heard of. Alibaba -- a Chinese e-commerce behemoth with revenue larger than Amazon and EBay combined -- has decided to go public in the U.S.
(Reuters) - Bank of America Corp posted a first-quarter loss on Wednesday as it set aside an extra $6 billion to cover litigation expenses, a figure that far exceeded the legal settlements the No.
The world's No. 2 economy posted first quarter GDP better than anyone expected at 7.4%, slightly above consensus estimates and well above the worst case scenarios of 7% and less.
US stocks finished higher on Tuesday after a wild swing lower led by tech stocks that saw the Nasdaq Composite index down nearly two percent at one point.
Detroit's two pension systems said they reached a tentative deal reducing cuts the bankrupt city's emergency manager threatened to impose on retirees as part of its plan to shrink $18 billion in debt.