WASHINGTON - U.S. consumer spending fell for a second straight month in January as households continued to cut back on purchases, opting to save much of the massive windfall from cheaper gasoline. | Video
Recent Business News
SAN FRANCISCO - Onetime highflying tech executive Ray Lane testified on Monday during a sex discrimination trial involving his former employer, Kleiner Perkins Caufield & Byers, that he made a mistake in judgment involving the harassment of a female venture capitalist at the firm.
- Standard Chartered bank will shrink its bonus pool for 2014 by about 9 percent to around 715 million pounds ($1.1 billion), Sky News reported late on Monday, citing a person familiar with the matter.
DETROIT - General Motors Co wants to boost the U.S. market share for its GMC truck brand by two-thirds over the next decade by advertising more heavily and introducing new vehicles, a top executive said on Monday.
DETROIT - Takata Corp said on Monday it plans to double its capacity to make replacement air bag inflators over the next six months and testing on parts that could explode with too much force continues.
WASHINGTON - Janet Yellen's premium on consensus may lead to a Federal Reserve decision the chair hasn't yet endorsed, as a near majority aligns in favor of a possible June interest rate hike.
By the numbers: Measuring U.S. aid to Israel since 1949