Generation X, the unlucky cohort of Americans who became young adults during the boom years of the 1990s only to suffer a midlife bust, is facing bleak retirement prospects, according to a study.

Gold fell, capping the longest slump in four years, as the dollar jumped to a 34-month high and a Federal Reserve policy maker said that U.S. monetary stimulus may be reduced within months.

Tesla Motors Inc., the electric-car maker run by Elon Musk, increased the size of its equity and debt offerings by 30 percent to as much as $1.08 billion to repay its U.S. loan and build up cash reserves.

The Pentagon cleared Apple Inc. devices for use on its networks, setting the stage for the maker of iPhones and iPads to compete with Samsung Electronics Co. and BlackBerry for military sales.

Payrolls climbed in 30 U.S. states in April, while the unemployment rate dropped in 40, showing the labor market strengthened across the country.

Steven Miller, who is being forced out as acting commissioner of the Internal Revenue Service, said the agency has learned its lesson from the scandal involving selective scrutiny of tax-exempt groups.

The Angus burger is going away, and it may not be the only McDonald's dish on the chopping block.

President Barack Obama said he had no advance warning about an inspector general's report on the Internal Revenue Service's selective scrutiny of small- government advocacy groups.

The Bloomberg Billionaires Index is a daily ranking of the world's richest people.

Billionaire investor George Soros joined Northern Trust Corp. and BlackRock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost about $165 mill...

Harry Winston, the watch and jewelry brand that Swatch Group AG acquired this year, yesterday paid a record $26.7 million for a colorless diamond in Geneva.

David Beckham will retire from soccer at the end of the season, closing a career that led him from Manchester United to become one of the world's most-recognized people.

As the U.S. Senate works to rewrite immigration policy, the House of Representatives is spending floor time on legislation that won't become law, with its 37th vote set for today on repealing the 2010 Affordable Care Act.

Women led eight of Washington's 50 most politically active trade lobby groups and earned about $600,000 less than their male counterparts, according to salary data compiled by Bloomberg.

From the moment Barack Obama spoke at the Democratic National Convention in Boston in 2004, he has enjoyed a reputation as a politician with a claim to the high ground.