Bloomberg News

$822,000 Worker Shows California Leads U.S. Pay Giveaway

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From coast to coast, states are cutting funding for schools, public safety and the poor as they struggle with fallout left by politicians who made pay-and-pension promises that taxpayers couldn’t...

U.S. Profit On AIG Climbs To $22.7 Billion

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American International Group Inc.’s rescue has come to an end with the U.S. raising $7...

Job Openings Rose To Four-Month High In October

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Job openings in the U.S. climbed in October to a four-month high, indicating the labor market is on the mend.

U.S. Fiscal Dispute Shows Sign Of Thaw Before Deadline

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Lawmakers return to Washington today amid a potential thaw in the U.S...

Genworth Names McInerney CEO To Fix Mortgage Insurer

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Genworth Financial Inc., the insurer whose stock plunged more than 80 percent since the end of 2006, named Thomas J...

SEC Seeks Sanctions Against Ex-Morgan Keegan Fund Directors

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Eight former directors overseeing mutual funds for Morgan Keegan & Co. were accused by U.S...

Controversial Short Seller Continues To Highlight Problems At Asian Firms

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The founder of Los Angeles-based Muddy Waters, who has been vocal about accounting problems at U.S.-listed Chinese companies, is switching his focus elsewhere.

U.S. Intelligence Agencies Predict A Transformed World

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New technologies, dwindling resources and explosive population growth in the next 18 years will alter the global balance of power and trigger radical economic and political changes.

Fracking Seen Robbing OPEC's Power To Set U.S. Gasoline Prices

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The success of American drillers in coaxing fossil fuels from shale rock has the potential to boost production so much that it may deny OPEC the power to set global oil and gasoline prices, an...

Budget Crisis Really A 'Fiscal Slope'

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The image of a "fiscal cliff," coined by Federal Reserve Chairman Ben S. Bernanke, actually misstates the economic reality of a failed budget compromise, experts say.