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US Treasury Reports $113B Surplus in April

Posted: 2:57 PM 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.

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Obama to Launch Series of Trips on Economic Plans

Posted: 1:42 PM The White House says President Barack Obama's trip to Austin, Texas, on Thursday will kick off a series of day trips aimed at highlighting his proposals on jobs and the economy.

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Obama Emphasizes Trade with Latin America

Posted: 12:02 PM President Barack Obama says the U.S. places great importance on its trading relationships with Latin America and will keep working to improve those ties and help the region become more competitive.

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Big Weekend For Sports Books

Updated: 8:47 AM 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.

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EPA Methane Report Further Divides Fracking Camps

Posted: 12:46 PM 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.

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IGT Predicts 4th Year of Double-Digit Growth

Posted: 8:31 AM 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.

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Prom Spending Is on the Rise Again

Posted: 11:56 PM The prom spending is on the rise again. The recession forced parents and teens to cut back on spending for the annual high school dance, but wallets are finally opening again.

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Goodell Meets With Browns Owner Over Investigation

Updated: 1:54 PM The FBI alleges widespread fraud of customers at Pilot Flying J, the country's largest diesel retailer. Haslam has said he won't step aside from the Browns or as the company's CEO.

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Apple to Dole out $100B to Shareholders

Posted: 2:06 PM Apple is finally opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders over two years.

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PETA Buys Shares of SeaWorld Stock

PETA

Posted: 12:15 PM PETA has purchased newly-issued shares of SeaWorld Entertainment Inc., the theme park company that often has been the target of the animal rights group's protests.

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Report: Richest 7% Got Richer During Recovery

Posted: 9:13 AM A new report says the richest Americans got richer during the first two years of the economic recovery while average net worth declined for the other 93 percent of the nation's households.

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Lawmakers Urge Delay in Control Tower Furloughs

Posted: 8:46 AM Two senators are urging the Obama administration to postpone the furloughing of air traffic controllers, saying the turmoil caused by reduced staffing raises economic and security concerns as well as inconveniencing thousands of travelers.

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Halliburton Posts 1Q Loss on Litigation Charges

Posted: 6:39 AM Halliburton says it lost $18 million in the first quarter on litigation-related charges related to the 2010 Gulf of Mexico oil spill. But it made money if the unusual items are excluded, and beat Wall Street expectations.

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US Business News

  • Tesla's Brick Wall: Auto Dealers
    Tesla's Elon Musk has made a fortune disrupting the status quo in online shopping and renewable energy. Now, he's up against his toughest challenge yet: local car dealers.
  • Testing Asthma Drugs on a Microchip
    Forget lab rats. Researchers are testing medicines on a silicon chip that could provide a better read on how a drug will work.
  • Maker of 'Candy Crush Saga' Plans IPO
    The publisher of the hit mobile game "Candy Crush Saga" has hired banks to pursue a U.S. initial public offering, according to people familiar with the move.
  • Royalty Pharma's Offer for Elan Lapses
    Royalty Pharma withdrew its request for a judicial review of Irish takeover laws following its foiled bid worth up to $8 billion for biotechnology company Elan, formally ending its pursuit.
  • Chrysler Bows to Jeep Recall
    Chrysler said it would recall 2.7 million Jeeps to strengthen the vehicles, reversing course after initially rejecting a regulator's request for the recall after a study found a higher rate of fire after collisions than other SUVs.
  • Battle Brews Over E-Cigarettes
    The growing popularity of electronic cigarettes has divided regulators and antismoking activists just as Europe gets ready to tighten its tobacco laws.
  • United Adds to Elite-Flier Requirements
    United Airlines said it would add a minimum annual spending level that passengers will have to meet to qualify for elite frequent-flier status.
  • Icahn Raises Dell Stake, Urges Tender Offer
    Carl Icahn called for Dell to launch a tender offer for up to $16 billion of its shares, and he also bought about 72 million shares, making him the second-largest holder in the company.
  • Lilly's Zyprexa Under Scrutiny
    Federal regulators are investigating the death of two people who received an injection of an Eli Lilly antipsychotic drug.
  • Court Urges Ex-Im Bank to Refine Jet-Review Process
    A U.S. federal appeals court called on the Export-Import Bank of the U.S. to review its procedures in approving $3.4 billion in loan guarantees to Air India to buy as many as 30 long-range jets from Boeing.
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