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.
Apple Uses 'Alchemy' in Tax Practices Senate investigators said Apple turned to "alchemy" and "ghost companies" to pay no corporate income tax to any national government on tens of billions of dollars in overseas income over the past four years.
Sprint Boosts Bid for Clearwire Sprint boosted its offer for Clearwire by 14%, succumbing to shareholder pressure with the hope of winning over vigorous opposition to the deal.
Home Depot Raises Outlook Home Depot raised its full-year outlook and said net profit jumped 18%, helped by the recovering housing market and sales related to reconstruction in the wake of superstorm Sandy.
Best Buy Swings to Loss Best Buy posted a quarterly loss as it ramped up cost-cutting and revenue continued to slide. Online sales improved, however.
Saks Profit Falls Saks fiscal first-quarter profit sank 38% as the luxury retailer's results were hurt by store-closing costs and debt-extinguishment losses, though same-store sales rose 5.9%.
G4S Chief Buckles Resigns Security company G4S said Chief Executive Nick Buckles, who was heavily criticized over the company's handling of the London Olympic Games last year, will resign at the end of the month.
Burberry's China Sales Rise 20% Burberry showed further signs of recovery following a midyear profit warning, as it reported a rise in full-year revenue on Tuesday. Sales in China for the year finished 20% higher.
Vodafone Keeps Verizon Dividend Vodafone said it will keep the $3.15 billion dividend payment it will receive from Verizon Wireless and plow it into its flagging operations in Europe, which weighed heavily on the mobile giant's full-year profit.
Philip Morris to Buy Mexican Unit Philip Morris International has agreed to buy the 20% that it doesn't already own in its Mexican tobacco business for about $700 million. The stake is currently held by Grupo Carso SAB, a conglomerate founded by Carlos Slim.
Poor Earnings Pressure M&S Boss British retailer Marks & Spencer reported another set of lackluster earnings, putting Chief Executive Marc Bolland under the spotlight after three years in charge.