Business News

U.S. stock futures are down in light trading ahead of an appearance this week by Fed Chairman Ben Bernanke before Congress.    

Wireless company Sprint Nextel Inc. says it can now let Dish Network see its books and talk with Dish to see whether its competing offer to buy Sprint is better than its current deal with Japan's SoftBank.    

Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery.    

As a teenager, Tumblr CEO David Karp would canvass the streets of New York City's Upper West Side, offering to build websites for local businesses. After his freshman year of high school, the precocious, computer-savvy kid decided to drop out altogether to devote more time to his passion for technology.

The U.S. Department of Agriculture expects farmers to plant 174.4 million acres of corn and soybeans this year, a record high.

Chesapeake Energy has named Anadarko Petroleum executive Robert Douglas Lawler as its new CEO.

The mountains of Sochi are now home to Potanin's slope, Gazprom's gondola lift and Sberbank's ski jump. The nicknames used by locals and an army of construction workers leave no doubt about who is paying for the 2014 Winter Games: Russia's business powerhouses.

White House insists Obama was not involved in IRS

Despite Democratic fears, predictions of the demise of President Barack Obama's agenda appear exaggerated after a week of cascading controversies, political triage by the administration and party leaders in Congress and lack of evidence to date of wrongdoing close to the Oval Office. In a week when the White House was repeatedly assailed over the IRS' targeting of conservative groups, the attack on the U.S. diplomatic mission in Libya and the Justice Department's secret seizure of Associated Press phone records, sweeping immigration legislation advanced methodically toward bipartisan approval in the Senate Judiciary Committee. A bipartisan House group also reported agreement in principle toward an immigration compromise — which looms as Obama's best chance for a signature second-term achievement.

Yahoo CEO Marissa Mayer is promising to unveil "something special" Monday in New York as she tries to attract more traffic and advertising to the Internet company. The Sunnyvale, Calif., company gave no further details Friday other than that Mayer will be discussing a product.

Former Groupon CEO Andrew Mason is diving into several new ventures, including indulging his inner rock star with an album of "motivational business music."

A research report by the Pew Charitable Trusts says younger baby boomers and Generation Xers face an uncertain retirement because of reduced savings, high levels of debt, and losses during the Great Recession.    

NEW YORK—It was supposed to be our IPO, the people's public offering. Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger than McDonald's, bigger than Coca-Cola.

Shares of General Motors are trading above $33 for the first time in over two years.

President Barack Obama is leaving behind scandal-focused Washington to focus on the country's slowly improving jobs picture.