U.S. construction spending showed a tiny increase in January as strength in housing helped to offset declines in nonresidential building and government projects.
Microsoft co-founder Bill Gates is back on top of the list of the world's richest people after a four-year hiatus.
Billionaire Warren Buffett is confident that Berkshire Hathaway will be a mainstay of the U.S. economy for the next 100 years, regardless of whether it sometimes underperforms bull market runs, like it did last year.
Engine maker Cummins Inc. and its joint venture Cummins Westport Inc. are recalling 25,013 engines because cold weather could cause a sensor to fail, resulting in an exhaust fire.
Provenance Hotel Group is renaming the 100-room Governor hotel. The new name is The Sentinel Hotel and arrives following a $6 million renovation.
The U.S. economy grew at a 2.4 percent annual rate last quarter, sharply less than first thought, in part because consumers didn't spend as much as initially estimated.
A rising stock market and a more optimistic outlook among younger Americans pushed up a measure of U.S. consumer sentiment in February.
The number of Americans who signed contracts to buy homes was essentially flat in January, a possible sign of a softening real estate market.
Looking to build on its toymaking success, Mattel said Friday that it will buy Mega Bloks owner Mega Brands for about $460 million.
Men's Wearhouse told Jos. A. Bank on Friday that it needs some more information before the rival men's clothing retailers can hammer out an acquisition agreement.
The number of people applying for U.S. unemployment benefits rose 14,000 last week to a seasonally adjusted 348,000, though the broader trend in applications remained stable.
Mortgage giant Freddie Mac posted net income of $8.6 billion for the October through December period, its ninth straight profitable quarter.
Sears Holdings Corp. reported a hefty loss in the fourth-quarter on a 14 percent sales drop, as the beleaguered retailer continues to struggle to bring shoppers into its stores.
Average U.S. rates on fixed mortgages rose for a third straight week as new data showed a surprisingly strong pace of new-home sales last month. Rates still remain near historically low levels.
EBay's founder Pierre Omidyar on Thursday said billionaire investor Carl Icahn's claims that the company is not operating in the best manner for shareholders aren't merited.