NEW YORK (AP) - Stocks are moving higher on Wall Street following signs of progress in the budget talks in Washington.
Indexes opened higher following news that House Speaker John Boehner made an offer to raise taxes on people making more than $1 million a year and to extend the government's
By By The Associated Press
TAXATION NATION: More than 70 tax breaks for individuals and businesses expired at the end of 2011. If Congress doesn't extend them retroactively back to the beginning of this year, a typical middle-class family could face a $4,000 tax increase when it files its
NEW YORK (AP) - Compuware shares jumped 17 percent Monday, after one of its largest shareholders offered to buy the software development company for about $2.35 billion in a bid to turn it around.
New York-based investment firm Elliott Management, which holds an 8 percent stake in Compuware Corp.,
By By MENELAOS HADJICOSTISAssociated Press
NICOSIA, Cyprus (AP) - Cyprus' cash-strapped government had to get loans from state-owned companies to make sure it could pay its own workers' salaries during the holiday period, officials said Monday.
Finance Ministry Permanent Secretary
NEW YORK (AP) - The price of oil finished higher Monday as political leaders in Washington appear closer to a resolution in critical budget negotiations.
President Barack Obama and House Speaker John Boehner met at the White House on Monday in hopes of making more progress toward avoiding the "
By By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - Foreign ownership of U.S. Treasury securities rose to a record level in October, a sign that overseas investors remain confident in U.S. debt despite a potential budget crisis.
Total foreign holdings of U.S. Treasurys rose to $5.
By By DAVID McHUGHAP Business Writer
FRANKFURT, Germany (AP) - The head of the European Central Bank says EU leaders must move forward and set up an authority to clean up failed banks in a way that doesn't leave taxpayers stuck with the bill.
Draghi said Monday that's the next important