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The magazine said it picked Merkel for her "steadfast moral leadership in a world where it is in short supply." Merkel is the first individual woman to receive the honor in 29 years.

Federal action on gun laws is unlikely. President Obama has again called for state and local governments to tighten them. Here's what those laws look like where you live.

Some companies have bought the patents for old drugs, then abruptly upped the prices — from $13 per pill to $750 in one case. Irate senators call it price gouging.

Yahoo has announced a counterintuitive strategy in its efforts to sell shares in another company: If it can't spin off Alibaba tax-free, the company will try to spin off the rest of Yahoo instead.

Outbreaks of foodborne illness are ruining the holiday spirit for Chipotle. The latest cases erupted over the past few days among students at Boston College.

Was it the enchilada pie? After three members of her family became miserably ill with gastroenteritis, a woman is determined to track down the microbial culprit. But the mystery may remain unsolved.

The Wu-Tang Clan made just one copy of Once Upon A Time In Shaolin and sold it, shrouded in secrecy, for millions. Bloomberg Business reveals the buyer: a CEO infamous for a massive drug-price hike.

As the debate has shifted away from comprehensive immigration overhaul and toward the idea of mass deportations, a group created by Facebook's Mark Zuckerberg is trying to refocus the conversation.

In the post-World War II economy, most Americans lived in middle-income homes. But that has been shifting for decades. Today, middle-income families make up less than 50 percent of all households.

A new ranking looks not just at dollars but at trade barriers, environmental impact, arms sales and openness to migrants.