Analysts say Phillips-Van Heusen purchase of Tommy Hilfiger makes strategic sense.
US banks are losing the opportunity to earn fees on the roughly $500 billion in planned European debt offerings this year.
Tiger Woods tees up his ball on the second hole during final round play of the Tournament Players Championship PGA golf tournament at TPC Sawgrass in Ponte Vedra Beach, Fla., May 9, 2010.
Red tape and limited savings are hampering the much-lauded $75-billion mortgage modification plan. A new round of government help may be on the way as foreclosures are expected to reach 3 million in 2010.
Venezuelan President Hugo Chávez this weekend devalued the country's currency, the bolivar, by half, in a move that economists say underscores the dire economic straits of the oil-rich nation.
Lawmakers and unions press for greater limits on financial institutions as some firms make sizable awards to high flyers.
A silver lining is the US economy shed fewer jobs in May than forecasters had predicted.