Business News

Investors in companies buying mortgage bonds are discovering that coming late to the party can still leave them with the biggest hangover.

Japan's SoftBank Corp. cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp. declined to make a new offer after SoftBank sweetened its own bid last week.

Profile America Wednesday, June 19th. As radio broadcasting matured, the Federal Communications Commission was established on this date in 1934 to regulate use of the airwaves in the public interest.

Mortgage rates have spiked over the past few weeks, rising at the fastest pace since 2010, sparking fears that the housing market could weaken and undermine the country's economic recovery.

Duke Energy Corp., the nation's largest electric utility, named Chief Financial Officer Lynn Good to replace Jim Rogers next month as CEO.

Rubber is headed for the biggest glut on record, prolonging the bear market that began in April, as supply exceeds demand for a third year and Southeast Asian exporters ended curbs on shipments.

The woman reported the incident at the time, but later stopped cooperating with investigators, NBC reports.

The so-called "Obama phone" has caught the ire of American conservatives for quite some time .

A former City trader has been charged in connection with the investigation by the Serious Fraud Office into the manipulation of the Libor interbank lending rate.

President Barack Obama's choice for chairman of the Federal Communications Commission is expected to face questions about his past work within the telecommunications industry at a Senate confirmation hearing on Tuesday.

This March 6, 2012 photo provided by the law offices of Butler, Wooten & Fryhofer, LLP shows the scene of a crash in Bainbridge, Ga., where a 4-year-old boy named Remi Walden was burned and died when a Jeep Grand Cherokee was struck from the rear by a Dodge Dakota pickup truck.

The 59-year-old former banker, a Mandarin-speaking American, sits on the boards of five U.S.-listed Chinese companies, including JinkoSolar Holding Co.

The Porsche-Piech family bought Qatar Holding LLC's 10 percent stake in Porsche Automobil Holding SE to regain full control of the investment company whose only asset is a majority stake in Volkswagen AG.

The $950,000 grant passed city council as Toronto police arrested two suspected drug dealers allegedly seen with the embattled politician in an infamous photo.

The U.S. stock market rose in early trading Monday, driven not by any new economic data but by investors counting on the Federal Reserve to extend programs meant to boost the economy.

A customer leaves Orchard Supply Hardware store in Mountain View, Calif., in this Jan. 3, 2012 file photo.

Dow Jones futures are up 124 points to 15,112. S&P futures have added 14.3 points to 1,632.70.

Those requests were made as part of Prism, the recently revealed highly classified National Security Agency program that seizes records from Internet companies.

Demand for the Treasury securities most vulnerable to inflation is climbing to an almost two-year high as pension funds and insurance companies snap up discounted debt with consumer prices rising at the slowest since 2010.

But the pop sensation, who's causing friction abroad with his bad boy persona and run-ins with Hollywood neighbors, is still tops with fellow Canadians.