Consumer Spending Up, Sign of Decent Recovery

Consumers spent modestly last month, a sign that the economic recovery is proceeding at a decent, but not spectacular pace.

Mexican Telecom Tycoon Is 'World's Richest'

Mexican telecom tycoon Carlos Slim is the world's richest person, jumping past Americans Bill Gates and Warren Buffett to become the first person from a developing nation to top the list, according to Forbes magazine.

GM Adding 1,200 Autoworkers at Ohio Plant

General Motors Corp. said Tuesday it is bringing 1,200 autoworkers back to work this summer to start producing the Chevrolet Cruze compact car at a factory in northeast Ohio.

New Credit Card Laws Go Into Effect

Your next credit card statement is going to contain an ugly truth: how much that card really costs to use.

Bernanke Outlines Plan for Pulling in Stimulus

Federal Reserve Chairman Ben Bernanke began Wednesday to outline the central bank's strategy for reeling in stimulus money once the economic recovery is more firmly rooted.

January Unemployment Rate Drops to 9.7 Percent

The unemployment rate dropped unexpectedly in January to 9.7 percent, while employers shed 20,000 jobs, according to a report that offered hope the economy will add jobs soon.

Bernanke Wins Confirmation to Second Term

The Senate has confirmed Ben Bernanke for a second term as chairman of the Federal Reserve. The 70-30 vote came amid criticism of his judgment ahead of the financial crisis and his support for massive Wall Street bailouts.