New York City Business News

Twitter has proved to be a bit of a gold mine for Dell, the computer maker said promotions over the social networking site directly resulted in more than $6.5 million in sales this year. The number of subscribers to Dell's...

Putting his stamp on one of the most venerable names on Wall Street, the incoming chief executive of Morgan Stanley announced a management shake-up on Tuesday that, for the most part, signaled a smooth transition of leadership. James P.

Wall Street has so far avoided any crackdown on bankers' pay with the Obama administration taking a softer line than in Europe, where politicians are still involve in bank bailouts. Far from the possible UK windfall tax on bonus payments...

President Barack Obama called for a major new burst of federal spending Tuesday, perhaps $150 billion or more, aiming to jolt the wobbly economy into a stronger recovery and reduce painfully persistent double-digit unemployment. Despite Republican criticism concerning record federal...

U.S. consumers' outstanding credit balance fell for the ninth month in a row in October, but the decline in debt this year hasn't been as steep as previously reported, the Federal Reserve said Monday. Outstanding balances of consumer credit fell...

Monsanto Co. will on Tuesday reaffirm its full-year 2010 ongoing earnings guidance of $3.10 to $3.30 a share, but also say that it expects an ongoing loss in the first quarter of 5 cents a share or less. In a...

Senate Banking Committee said on Tuesday said it will vote December 17 on the confirmation of Federal Reserve Chairman Ben Bernanke for a second four-year term at the helm of the U.S. central bank. The committee said in a statement...

Although it's been overshadowed by other market collapses, a 2008 scandal over products called "auction rate securities" ensnared several Wall Street firms and tens of thousands of customers nationwide. Auction rate securities — bonds issued by municipalities, student loan entities...

Spurred by its ambitious parent company, the private equity firm went on a multibillion-dollar acquisition spree, snapping up assets such as Barneys, the New York retailer, the QE2 cruise liner, Cirque du Soleil and trophy real estate in London and...