In a $57 billion deal, Procter & Gamble Co. announced Friday it plans to buy Gillette Co., creating the world's largest consumer-products business.
President Bush on Friday named two former senators, Republican Connie Mack of Florida and Democrat John Breaux of Louisiana, to lead a panel to come up with ways to simplify the tax code.
Sprint Corp. announced Wednesday that it will buy Nextel Communications Inc. in a $36 billion deal that will create the third largest wireless telecommunications firm in the world.
President Bush on Friday named Sam Bodman, a former deputy commerce secretary and deputy treasury secretary, to head the Department of Energy, filling one of the last openings in his second-term Cabinet.
Calling him "one of America's most respected business leaders," President Bush on Monday nominated Carlos Gutierrez, the Cuban-born chairman and CEO of cereal giant Kellogg, to serve as the secretary of Commerce.
Nineteen major creditors agreed Sunday to cancel 80 percent of the $39 billion debt owed to them by Iraq in a deal that boosts U.S. efforts to put the Iraqi economy back on its feet and sets an important precedent…
President Bush on Friday signed into law a bill to increase the ceiling on the U.S. national debt by $800 billion, meaning the total federal debt could climb as high as $8.18 trillion.
Kmart and Sears, two of the oldest and most troubled U.S. retail chains, announced their plans to merge Wednesday.
U.S. employers added 96,000 jobs to their payrolls in September, the Labor Department reported Friday, a lower-than-expected result that will likely intensify the second presidential debate later in the day over the economy's direction.
A new federal law making sweeping changes to who receives overtime benefits went into effect Monday as debate over the new rules continued.
