Business

U.S. stock index futures rose modestly on Wednesday, indicating the S&P 500 may rebound from its worst drop since August, on expectations Janet Yellen will be tapped as the next chairman of the U.S. Federal Reserve. U.S. President Barack Obama...

Rising anxiety over the budget deadlock in Washington drove world shares down for a third day on Wednesday, though the expected nomination of Janet Yellen to head the U.S. Federal Reserve lifted the dollar. Markets were reassured about the outlook...

Jos. A. Bank Clothiers Inc (JOSB.O) has proposed to buy bigger rival Men's Wearhouse Inc (MW.N) for about $2.3 billion to create a men's apparel heavyweight with more than 1,700 stores. The $48 per share all-cash offer is a 36...

President Barack Obama will nominate Janet Yellen to replace Ben Bernanke as chairman of the Federal Reserve, a White House official said Tuesday, in a move that many expect will result in a continuation of the central bank’s loose...

Top U.S. bankers have warned the Obama administration and Republican lawmakers that any move to pay interest on debt before obligations such as Social Security and payments to veterans would pose severe risks to financial markets and the economy,...

U.S. stock index futures were little changed on Tuesday as small signs of progress began to emerge in the fiscal standoff among politicians in Washington. * With the partial government shutdown in its second week, and nine days until a...

The United States expressed hope on Tuesday it could seal an ambitious trade pact by year-end despite resistance from some countries and the absence of President Barack Obama from a regional summit that was to iron out differences on...

Ford Motor Co (F.N) is poised to overtake its Japanese rivals on the top seller's list in China as Toyota Motor Corp (7203.T) and Honda Motor Co (7267.T) struggle to regain market share following a flare up in anti-Japanese...

Signs of progress on the fiscal standoff in Washington helped lift the dollar off an eight-month low on Tuesday, but lingering fear of any U.S. debt default weighed on world shares and oil. A White House spokesman said on Monday...

U.S. multinationals have warned Washington not to compromise and weaken a landmark 12-nation Asia-Pacific free trade pact in order to complete the deal by the end of this year. After three years of talks, President Barack Obama's administration is making...