Search results for

Federated Department Stores plans to acquire May Department Stores for more than $11 billion in cash and stock. Federated owns Macy's and Bloomingdale's among other retail chains. May operates Lord & Taylor, Marshall Field's and others. The combined company will have about 1,000 stores and nearly $30 billion in annual sales.

Indian investigators have now named two operatives believed to have masterminded last week's attacks in Mumbai. More details are also emerging about how the attacks were planned and executed. Praveen Swami, associate editor of The Hindu newspaper, sheds light on the latest developments in the case.

The mayors of San Diego and Tijuana are banding together to reduce border wait times. They say speeding up border crossings is critical to the region's well being. KPBS reporter Amy Isackson has the s

Many Americans wonder if they are really safer from a terrorist attack. Pulitzer-Prize winning reporter Lowell Bergman has produced a "Frontline" Documentary called "The Enemy Within." He talks about

The Bush administration upheld an import ban Monday on cell phones that contain Qualcomm Inc. chips, further threatening the introduction of new handsets.

Investors are moving their money into safe places fast. Demand for Treasury securities is high and gold prices are shooting up. Many people with funds in money markets are wondering whether they are still safe. Financial experts say they are.

Joppatowne High School in Maryland has built a curriculum to train students for careers in homeland security. Proponents say the goal is to get the students jobs, but critics fear that the program is telling kids what to think about national security rather than teaching them to protect it.

Presidential hopefuls John McCain and Barack Obama are both slamming Wall Street for its "unbridled greed" (as McCain put it) and for "an economic philosophy that has completely failed" (as Obama said) — strong words for two candidates who have accepted millions of dollars in campaign contributions from Wall Street.

An anti-immigration group says it will fight the state transportation department's decision to relocate their Adopt-A-Highway site away from a busy Border Patrol checkpoint to a less-traveled stretch

Federal Reserve Board Chairman Alan Greenspan says a combination of the current deficit and the unpredictable aspects of health care entitlement programs could put future federal budgets on an "unsustainable path."