Kohl's 4Q earnings rise; 2011 outlook falls short
Just as department stores are bouncing back from the recession, they are beginning to worry that sharply higher costs for cotton, fuel and other commodities could hobble their recovery.

Air Force awards $35B tanker contract to Boeing
The Air Force awarded a $35 billion contract to build the next generation of air refueling planes to Chicago-based Boeing Co. on Thursday.+9+9

Obama to offer solutions for housing finance
Homebuyers will face potentially higher interest rates under any of three Obama administration options for reducing government support of the mortgage market.

Obama and business community seek to ease tensions
When President Barack Obama named Gene Sperling as his chief economic adviser, two of Sperling's early calls went to AFL-CIO President Richard Trumka and U.S. Chamber of Commerce President Thomas Donohue.

With Egypt in turmoil, oil and food prices climb
The turmoil in Egypt is causing economic jitters across the globe, pushing up food and oil prices so far, but bigger worries are ahead.

More jobs needed for true US recovery
The US economic recovery has strengthened and is gaining pace, but victory cannot be declared until the job market improves, Federal Reserve chairman Ben Bernanke has warned in a rare press conference.

Higher commodity prices may spur inflation
Rising wholesale prices for food and energy are putting pressure on manufacturers and retailers to pass higher costs to customers. It's a trend that could raise inflation in the United States and slow economies in Asia and Latin America.

Investments place value of Facebook at $50 billion
An injection of cash that values Facebook at $50 billion will help it delay going public for at least another year, giving the company breathing room to focus on long-term ambition rather than short-term profit.

Pfizer CEO Kindler, 55, steps down unexpectedly
Jeffrey B. Kindler, Pfizer Inc.'s CEO and chairman, abruptly stepped down Sunday after 4½ years leading the world's biggest drugmaker, saying he needed to "recharge my batteries."