Congress and the administration seem likely to extend the first-time-home-buyer tax credit. Senate Majority Leader Harry M. Reid wants to extend it through December 2010 but phase out the amount over time; Republican Senator Johnny Isakson, a former real estate agent, wants to extend it through J...
The nation's preeminent seniors group, AARP, has put the weight of its 40 million members behind health-care reform, saying many of the proposals will lower costs and increase the quality of care for older Americans.
U.S. newspaper circulation has hit its lowest level in seven decades, as papers across the country lost 10.6 percent of their paying readers from April through September, compared with a year earlier.
The Pentagon's chief auditor was forced from her post Monday following sharp criticism from lawmakers over failures to hold defense contractors accountable for overcharges and poor performance.
President Obama wants to issue an executive order creating panels that would foster greater collaboration between management and labor in federal agencies, but it's hard to craft a document that pleases both sides.
BANKRUPTCY Capmark Financial Group, one of the largest U.S. commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt, becoming the latest casualty in the still turbulent U.S. real estate market.
Billionaire investor Nelson Peltz built a reputation agitating for change at the food and beverage companies in his portfolio. Now he is turning his attention to the financial industry by accumulating a significant stake in Legg Mason and joining its board.
EXECUTIVES Preparing for an upcoming spinoff from Time Warner, AOL said Monday that it has named a new board that will include Michael K. Powell, former chairman of the Federal Communications Commission.
Allied Capital, a key part of Washington's finance industry for 50years, has agreed to sell itself for $648 million in stock to New York investment management company Ares Capital, the companies announced Monday.
The two pilots of a Northwest Airlines jet that overshot a Minneapolis airport by 150 miles last week might have lost track of time partly because they were using laptops, a violation of company policy, U.S. air safety investigators said Monday.
The chief lobbyist for the U.S. Chamber of Commerce alleged Sunday that there is a White House campaign of "invectives" and "name-calling" against his organization, and said the business group is eager to ignore the heated rhetoric.
HUANGHUA, CHINA -- Along the flat shoreline of the Bohai Sea, 33 new Chinese-made wind turbines jut up into the hazy sky, forming a line more than six miles long amid the shrimp farms here.
A wide array of economic data should provide insight into the state of the housing market, consumers, the manufacturing industry and the overall economy.
