- The U.S. Treasury says it took in a surplus of $113 billion in April, the largest in five years. That lowered the federal deficit through the first seven months of the budget year and kept it on pace to be the smallest since 2008.
Spain Woos Deep Pockets The government wants to grant residency permits to foreigners who buy high-end homes or start new businesses, steps intended to help revive the economy.
China's Consumers Fight Back Chinese households are signaling impatience with government controls, finding alternatives to high cellphone costs and low interest on their savings, hurting state firms' profits in the process.
German Mood Brightens Germany's businesses and households are becoming more chipper, two sentiment surveys showed, indicating that growth in Europe's largest economy is gaining traction following a weak start to the year.
In Bid for Clarity, Fed Delivers Opacity Fed chief Ben Bernanke knows clear communication is key to managing market expectations for the central bank's bond-buying program, but discordant voices make clarity easier said than done.
New-Home Prices at High; Builders Cap Supply Home buyers are paying more for newly built homes than they ever have, as U.S. home builders continue pushing up prices and limiting the number of properties hitting the market.
Chinese Data Cast Global Pall New data suggesting contraction in Chinese manufacturing have cast further doubt about growth in the world's No. 2 economy, hitting markets as investors worry about the implications for the global outlook.
Lessons for Euro From Two Revolutions Europe overturned the convention of history when, unlike the U.S. or Germany before it, it created monetary union before political union. Now it is paying the price.
China Tilts Back to Big Spending A more detailed look at China's economic performance in 2012 shows it tipped further off balance, relying more than ever on credit-fueled investment, a trend it had tried to rein in.
P&G's Lafley Begins New Talent Hunt Procter & Gamble's A.G. Lafley, newly returned as CEO, must repopulate a depleted pool of top executives as he prepares a major overhaul and considers succession.
U.S. Firm's Gear Seen Aiding Syria Syria's telecommunications providers continue to use technology by Blue Coat Systems to monitor Internet usage, according to Telecomix, a hacker-activist group that has tracked the previous use of the technology.
Hulu Suitors Line Up Yahoo submitted a bid to acquire Hulu, as the Internet company tries to add more high-quality online video that can appeal to advertisers.
Google Pushes Into Emerging Markets Google is deep into an effort to fund, build and help run wireless networks in emerging markets such as sub-Saharan Africa and Southeast Asia, a move that could connect a billion or more new people to the Internet.
Abercrombie & Fitch Posts Loss Teenage-apparel retailer Abercrombie & Fitch reported a sharp drop in quarterly sales, but said it is having success fixing inventory problems.
Turkey Moves to Curb Alcohol Sales Turkey moved to curb alcohol sales and restrict advertisements in a move likely to deepen outrage among secular Turks who accuse the government of having an Islamist agenda.