Employee-Paid

Attorneys for the NFL Players Association are arguing a lawsuit by a group of retirees alleging unfairly reduced benefit payments is "fatally flawed" because the complaint lacks legal backing.

New York's State Senate will not wait for Washington's go-ahead to restore a commuter benefit that allows workers to save more pre-tax money for their transit expenses.

Anxious to avoid a bruising election-year fight, negotiators on Capitol Hill worked into Wednesday night ironing out final details of an agreement to extend a cut in the payroll taxes paid by most Americans. The legislation also would renew jobless benefits for millions more.

Teva Pharmaceutical Industries Ltd.'s fourth-quarter profit sank 34 percent as an acquisition by the world's largest generic drug maker improved revenue but raised expenses.

Aides to participants in House-Senate talks on renewing President Barack Obama's signature payroll tax cut say negotiators have made significant progress and that an agreement could come as early as Tuesday.

House lawmakers are returning to Capitol Hill to weigh a proposal by GOP leaders to extend the 2-percentage-point cut in the payroll tax through the end of the year and add the roughly $100 billion cost to the nation's $15 trillion-plus debt instead of scrounging around the budget for ways...