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.
Its been called the most exciting 2 minutes in sports. We are talking about the Kentucky Derby which runs on Saturday after 3:00 in the afternoon. Local sports books have extended that two minutes to roughly 48 hours of action.
A new report from the U.S. Environmental Protection Agency has dramatically lowered estimates of how much of a potent greenhouse gas is being leaked by the natural gas industry despite rapid growth in production.
International Game Technology says a strong performance in its earnings for the second quarter has the Nevada-based slot-machine maker confident it will post its fourth consecutive year of double-digit growth.
Bidders Circle Electric-Car Maker Fisker At least two investor groups have expressed interest in salvaging Fisker Automotive, the troubled maker of luxury plug-in hybrid cars, but both proposals would require the Obama administration to accept pennies on the dollar for a taxpayer funded loan.
KKR Eyes Saks-Neiman Merger KKR weighing an investment in Saks, possibly with an eye toward merging the high-end department store with rival Neiman Marcus, according to a person familiar with the matter.
Target's Quarter Lacks Spring Target posted a 29% drop in quarterly earnings and lowered its outlook, citing weak sales in seasonal and weather-related categories.
Cooler Weather Hurts Lowe's Lowe's net profit rose 2.5% as the home-improvement retailer reported slightly lower expenses, but revenue was almost flat and results missed Street estimates.
Boeing to Reward Holders With Cash Boeing on Wednesday outlined plans to return to shareholders around 80% of the cash generated by its bulging aircraft order book by trimming capital and development spending and potentially boosting production rates.
Apple CEO Calls for Corporate Tax Reform Tim Cook challenged Senate investigators who reported Apple paid no corporate income tax on tens of billions of dollars in overseas income over the past four years and urged reforms.
Penguin to Settle in E-Book Dispute Pearson's book publishing business, Penguin Group, has agreed to pay $75 million to settle a dispute in the U.S. over the way it priced electronic books, drawing to a close an investigation into the publishing industry's e-book pricing tactics.
Wal-Mart Hires Dan Bartlett Wal-Mart named Dan Bartlett, a former adviser to President George W. Bush, to head its corporate and government affairs. He will succeed Leslie Dach, who led the retail giant's decadelong push to remake its corporate image.