WASHINGTON - A bipartisan budget deal announced in the U.S. Congress on Tuesday, while modest in its spending cuts, would end nearly three years of partisan stand-offs between Democrats and Republicans that culminated in October with a partial government shutdown.
Recent Business News
NEW YORK - During three decades of working for Bernard Madoff, Frank DiPascali said knew his boss was running an illegal scheme.
- Banks and asset managers scored some small victories after U.S. regulators narrowed the scope of a provision in the Volcker rule that restricts banks' ownership stake in hedge funds and private equity funds.
TORONTO - Lululemon Athletica Inc named a new chief executive on Tuesday and said founder Chip Wilson will step down as chairman, as the upscale yogawear retailer tries to expand globally and put a series of embarrassing quality issues and other gaffes behind it.
DETROIT - General Motor Co's incoming president has gone to great lengths to prove that while he is the U.S. automaker's chief financial officer, he is not just a "bean counter."
Today, GM announced its new CEO will be Mary Barra, the company's current head of global product development.