A Wall Street Journal editorial had said healthcare reform will destroy wealth and capital. But White House Press Secretary Robert Gibbs says the bill only closes a tax loophole.
Analysts say Phillips-Van Heusen purchase of Tommy Hilfiger makes strategic sense.
An oversight panel predicted Wednesday that automakers General Motors and Chrysler are unlikely to pay back much of a $23 billion loan package.
The amount of global wealth stashed in tax-haven nations is staggering and largely uncontrolled, financial experts say. Here's a backgrounder.
Surging demand for cars in rapidly growing nations will mean a robust car industry in 20 years. The US will have a piece of it – though smaller than today – and the models it turns out will be much greener as the iconic industry reinvents itself.
Meet the Kimuras, who haven't bought a major appliance in 10 years and who have made being thrifty an art form.
Ahead of the G-20 summit on the financial crisis, many are eyeing Japan's huge foreign reserves. But Tokyo is reluctant to use them on struggling nations.