Goldman Sachs CEO Lloyd Blankfein said Wednesday that a compromise in Washington was essential to avoid the fiscal cliff.
Former GOP presidential candidate Jon Huntsman has some tough words for his party as they approach negotiations with the White House to avert the "fiscal cliff." "In my party, compromise cannot be seen as analogous to treason, which it has been recently," Huntsman said in a recent interview with The Huffington Post published Wednesday.
President Barack Obama and his former rival Mitt Romney will meet Thursday for their first get-together since the November 6 election, according to a statement from White House Press Secretary Jay Carney.
Democrats pounced Wednesday on news from earlier this week about a Department of Justice investigation involving Republican Rep. Michael Grimm of Staten Island and possible campaign finance violations.
In the final race deemed too close to call, Republican David Rouzer conceded Wednesday after a recount in the race for North Carolina's 7th Congressional District showed incumbent Rep. Mike McIntyre won by a razor-thin margin.
Wednesday's Powerball drawing could be one for the history books, with the jackpot rising to a record $550 million.
U.S. stocks ended on a high note Wednesday as investors welcomed comments from President Obama and House Speaker John Boehner on the fiscal cliff negotiations.
The Securities and Exchange Commission is getting closer to taking enforcement against SAC Capital related to the largest insider trading case ever. SAC Capital, a $14 billion hedge fund run by billionaire Steven A. Cohen, received a Wells notice from the SEC late last week, according to a source familiar with the situation. The SEC issues Wells notices to warn firms that they are likely to bring an action against them.
Toys R Us may have bitten off more than it can chew. Since the beginning of the holiday shopping season, the toy store has unveiled one incentive after another this year, from price matching to layaways to earlier openings than ever on Thanksgiving, to lure in customers. But it seems the retailer may have pushed a little too hard, and has found it hard to keep up with demand. The retailer's Facebook page is teeming with dozens of customer service complaints after the Black Friday shopping weekend. Many shoppers claimed that they had placed orders to take advantage of some of Toys R Us' hottest deals, only to find out later that they were canceled because there weren't enough items in stock.