Fully 20 percent of U.S. adults become rich for parts of their lives, wielding outsize influence on America's economy and politics. This little-known group may pose the biggest barrier to reducing the nation's income inequality.
European air and defense company EADS, the parent company of Airbus, said Monday it is cutting 5,800 jobs over the next two years as part of a major overhaul to reduce costs and refocus on civil aviation.
American Airlines emerged from bankruptcy protection and US Airways culminated its long pursuit of a merger partner as the two completed their deal Monday to create the world's biggest airline.
McDonald's said Monday that a key sales figure rose 0.5 percent in November, even as the world's biggest hamburger chain faced tough competition and basically flat traffic in the U.S.
Japan slashed its estimate of economic growth for the July-September quarter Monday as investment by companies slowed more than first estimated.
Fewer booths were open this weekend at the Saturday Market as retailers and shoppers decided not to fight the freezing temperatures.
As the U.S. job market improves, it's also evolving, with winners and losers.
U.S. consumers increased their spending in October even though their wages and salaries barely increased, raising questions about how strong the economy will grow at the end of the year.
The Obama administration said Friday it will allow some companies to kill or injure bald and golden eagles for up to 30 years without penalty, an effort to spur development and investment in green energy while balancing its environmental consequences.
The Supreme Court will hear an appeal of a lower court decision that a federal judge called the "death" of software patents.
Sears Holdings Corp. said Friday that it will spin off its Lands' End clothing business as a separate company by distributing stock to the retailer's shareholders.
A possible World Trade Organization deal moved closer to approval Friday after a row over food subsidies was set aside following hours of global negotiations that went late into the night.
A fourth straight month of solid hiring cut the U.S. unemployment rate in November to a five-year low of 7 percent. The surprisingly robust job gain suggested that the economy may have begun to accelerate.
The U.S. economy grew at a 3.6 percent annual rate from July through September, the fastest since early 2012. But nearly half the growth came from a buildup in business stockpiles, a trend that could reverse in the current quarter and hold back growth.
The number of Americans applying for unemployment benefits tumbled 23,000 last week to 298,000, nearly a six-year low that shows companies are laying off fewer workers.