Yahoo on Monday released an iPhone app that weaves in story-summarizing software bought from a London schoolboy last month for a sum reported to be around US$30 million.

The U.S. Senate moved Monday toward expected approval of a bill that would subject online retailers to state sales taxes, cutting a advantage that helped them steal business from brick and mortar stores.

Ben Bernanke is intensifying speculation that this year will be his last as Federal Reserve chairman by deciding to skip the Fed's annual August conference in Jackson Hole, Wyoming.

The U.S. International Trade Commission on Monday tossed out a Motorola Mobility patent claim that threatened to block the import of some Apple iPhone models into this country.

Home resales edged downward in March, even though the housing market recovery that has helped boost the economy has shown strength in recent months and is expected to continue.

Washington's budget tightening is having a minimal effect on businesses, a survey of business economists released Monday shows.

BP is reviewing its biggest new oil project in the Gulf of Mexico, due to rising development costs across the industry, and could delay the US$10 billion scheme.

Mexico's government wants to boost lending by making it easier for banks to collect on guarantees for bad loans and by giving new powers to regulators to punish firms that do not lend enough, according to a draft of a new banking reform.

U.S. Federal Reserve Chairman Ben Bernanke will miss the annual Jackson Hole monetary policy symposium this year due to a scheduling conflict, skipping the prestigious event for the first time since taking the helm of the central bank in 2006.

A strengthening housing recovery and robust auto sales contributed to moderate economic growth across the United States in late February and March, according to a Federal Reserve survey released Wednesday.