Finance News

A ship floats amongst a sea of spilled oil in the Gulf of Mexico after the BP Deepwater Horizon oil spill disaster.

Gulf States Reach $18.7B Settlement With BP Over Oil Spill

BP and five Gulf states announced a record $18.7 billion settlement that resolves years of legal fighting over the environmental and economic damage done by the energy giant's oil spill in 2010.

Warren Buffett

Who Will Succeed Warren Buffett as CEO of Berkshire Hathaway?

Warren Buffett is 84. Only the Oracle of Omaha and Berkshire's board know who's destined to eventually fill his Brooks running shoes.

US Rails Skid Into Bear Market on Triple Whammy Cargo Slump

U.S. railroads, Wall Street favorites for much of the past decade, are slumping into a bear market amid a three-way squeeze from plunging coal, crude-oil and grain shipments.

Barack Obama.

Boosting Overtime: Obama Calls for Broader Coverage

They're called managers, and they sometimes work grueling schedules at fast-food chains and retail stores. But with no overtime eligibility, their pay may be lower per hour than many workers they supervise.

The Reason Wall Street's Women Are Stuck in the Middle

Banks say all the right things about promoting women, but the numbers tell a different story.

Pending Home Sales Climb to 9-Year High

The steady job growth coupled with low but rising mortgage rates has created greater urgency to buy homes.