NEW YORK: Wholesale prices jumped slightly in May, the government said Tuesday, but the increase was less than expected and the 5% annual rate of decline was the sharpest since 1949.

The number of Americans filing first time claims for unemployment benefits rose last week, while the total jobless rolls decreased, the government said Thursday. There were 558,000 initial jobless claims filed in the week ended Aug. 8, up 4,000 from an...

WASHINGTON: In his first speech since he was reappointed, Federal Reserve Chairman Ben Bernanke said the recession is “very likely over” but detailed the tough road ahead for the economy.Bernanke also said that despite delays, he is confident that...

NEW YORK: Finally! After nearly two years of declines, the net worth of Americans rose by 2 trillion to an estimated 53.1 trillion in the second quarter compared with the first three months of the year.The soaring stock market accounted for much of the...

(Fortune Small Business) — Few entrepreneurs plan to shoot their product down. For David Lashmore, it was a necessity. Lashmore’s company, Nanocomp Technologies, is the first in the world to make sheets of carbon nanotubes — microscopic tubes stronger...

NEW YORK: Wow. I just had the strangest dream that I had time warped back to 1992. Shares of General Electric were surging and NBC was enjoying great ratings.But it’s not a dream. GE (GE, Fortune 500) has been on a monstrous tear as of late. With its...

NEW YORK (Fortune) — Where are the perp walks for the subprime mortgage executives that dragged us into this mess? Three years after the housing bubble popped, federal prosecutors have yet to bring a case against the executives whose firms took part in...