While Congress and the White House still have more than two weeks to raise the debt ceiling before the Treasury Department's early August deadline, the financial markets are getting jittery, fearing they won't reach a deal in time.
Qualcomm Inc. is making a $3.2 billion bet on the continuing spread of Wi-Fi-connected gadgets _ think tablet computers, smart phones or even TVs _ into every corner of life in the 21st century.
Pfizer Inc. may be the world's biggest drugmaker, but new CEO Ian Read is taking charge at a trying time for the company, and he will have to deal with a declining share price, repeated failures of potential new products and expirations of patents on key drugs.
An analyst praised chip maker Xilinx Inc. on Thursday after its fiscal first-quarter results and second-quarter outlook topped expectations, but another warned that the company continued losing market share to rival Altera Corp.
NEW YORK (AP) — Wall Street sank yesterday as oil's surge above $108 a barrel and more worrisome signs for the financial sector led investors to extend last week's losses. The Dow Jones Industrial Average fell more than 150 points, bringing its three-day loss to nearly 515, while broader indexes showed steeper percentage losses.
Marriott International is on a building spree in the Washington area and elsewhere amid steady demand for new hotels.
