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Decline in Venture Capital Returns Is Manageable

U.S. venture capital funds raised an aggregate $100 billion in 2000 amid an explosion in the number of VC firms, but many veteran VCs predicted that such a rapid expansion would not be good for the industry.

Fed Sees US Economy Mostly Improving

The nation's economy expanded moderately in all 12 Federal Reserve bank districts in March, but higher payroll taxes and gasoline prices, federal spending cuts and colder-than-usual weather crimped activity in several regions, the Fed said Wednesday.

Cyprus Bailout Good for Russia, Medvedev Says

The EU's handling of Cyprus' debt crisis was a boon because it convinced Russian investors to keep their money at home, Russian Prime Minister Dmitry Medvedev said Wednesday.

Beige Book: US Experiencing Modest Expansion

The U.S. Federal Reserve said Wednesday most of the country was experiencing slight to modest economic expansion from late February to early April.

Justice Department Denies Boston Bombing Arrest

The Department of Justice says no arrest has been made in the Boston Marathon bombing despite media reports.

Mortgage Activity Up as Rates Drop

U.S. mortgage activity rose last week, as long-term interest rates dropped, the Mortgage Bankers Association said Wednesday.

BofA Earns $2.25 Billion, Below Expectations

Bank of America earned $2.25 billion for shareholders in the first quarter, or 20 cents per share, the bank reported Wednesday -- higher than the same period a year ago but below analysts' expectations.

Stocks Bounce Back After Upbeat Reports

U.S. stock markets bounced back from a tough Monday after upbeat economic reports.

US, Emerging Economies Leaving Europe Behind

The U.S. is poised to pull away from lagging Europe even as developing and emerging countries continue to drive global economic expansion, the IMF said Tuesday.

Industrial Production Sees Large Gain in Q1

Industrial production rose at an annual rate of 5 percent, the largest gain since the first quarter of 2012, the Federal Reserve said Tuesday.

Fred Diaz Leaves Ram Truck Brand for Nissan

Fred Diaz, one of Chrysler's highest ranking executives, is joining Nissan as the Japanese automaker vies for U.S. industry sales and prepares to roll out a redesigned Titan pickup.

US Inflation Enters Negative Territory

US consumer prices fell 0.2 per cent in March, the US Labor Department reported Tuesday, on the back of a sharp drop in the price of petrol and steady food prices.

FBI Investigating Boston Marathon Bombings

The FBI will lead the investigation of the blasts that killed three and injured more than 130 near the finish line of the Boston Marathon, officials said.

Blasts at Boston Marathon Jolt America

Explosions at Boston Marathon Kill at Least 2, Injure Dozens

A pair of explosions scattered runners and fans at the 117th Boston Marathon on Monday, sources are reporting.