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EU leaders approve Mersch, another male, for ECB
The appointment of Luxembourg's top banker to a top post at the European Central Bank left it looking a lot like an Old Boys' Club on Friday.
Cyprus 'very close' to signing bailout deal
Cyprus is "very close" to signing an agreement with potential creditors for a bailout to support its troubled banks and pay its bills, the crisis-hit ...
GM buying Ally assets in Europe and Latin America
General Motors said Wednesday that it will buy Ally Financial's operations in Europe, China and Latin America as it tries to build a global finance ...
Greek PM presses for deal on loan
Greece reacted with dismay Wednesday after European finance ministers failed to agree to release vital rescue loans, with the prime minister warning ...
Expert sees a gathering storm for top fund manager
The arrest of a former hedge fund portfolio manager in what prosecutors are calling one of the most lucrative insider trading schemes ever indicates ...
Eurozone fails to reach deal on Greece aid
European Union officials failed Wednesday to reach a deal on giving Greece more aid, prolonging uncertainty over the future of the debt-hobbled ...
Ex-hedge fund trader charged in $276M insider ploy
A former hedge fund portfolio manager was arrested Tuesday in what prosecutors called perhaps the most lucrative insider trading scheme of all time ...
Stocks end flat after HP shocker and Fed warning
Falling oil prices and a surprise announcement from Hewlett-Packard weighed on technology and energy stocks Tuesday. HP plunged 12 percent after ...
HHS details overhaul rules and required benefits
The Obama administration has strengthened the prescription drug coverage that will be available to the millions of people who will get insurance ...
Groupon shares climb after hedge fund buys a stake
Shares of Groupon Inc. added more than 10 percent Tuesday after a hedge fund said it bought a 9.9 percent stake in the battered online deals company.
Credit Suisse shakes up executives, bank divisions
Credit Suisse Group says it is overhauling its investment banking division and merging its private banking and wealth management arms to cut costs and ...
Aussie fake-bomb plotter sentenced to 13½ years
An Australian investment banker who admitted chaining a fake bomb to a Sydney teenager as part of a bizarre extortion plot was sentenced to 13 years ...
Judge: Hobby Lobby must offer morning-after pill
A federal judge Monday rejected Hobby Lobby Stores Inc.'s request to block part of the federal health care overhaul that requires the arts and craft ...
5 big US banks have cut mortgage balances by $6.3B
Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $6.3 billion, part of a total $26.1 billion in home loan relief ...
Spain: Residency for foreigners who buy houses
Looking for a new place to call home? Spain is hoping to give you a little bit more than a welcome basket of baked goods if you decide to move there.
J.C. Penney CEO tries to change the way we shop
J.C. Penney CEO Ron Johnson seems unfazed that the department store chain's mounting losses and sales declines have led to growing criticism of his ...
US pension insurer runs record $34B deficit
The federal agency that insures pensions for more than 40 million Americans last year ran the widest deficit in its 38-year history. The Pension ...
Nike to sell Cole Haan brand for $570M
Nike is selling its Cole Haan brand to private equity firm Apax Partners for $570 million, part of its effort to focus on core brands. The sneakers, ...
Stocks finish higher on optimism over budget talks
Optimism that President Barack Obama and Congressional leaders will reach a deal on the budget deficit and avoid the "fiscal cliff" helped stocks ...
JPMorgan, Credit Suisse paying $417M in SEC case
JPMorgan Chase and Credit Suisse have agreed to pay a combined $417 million to settle federal civil charges that they sold risky mortgage bonds to ...
Panel: Credit raters, regulators failed MF Global
A House panel says credit rating agencies and federal regulators contributed to MF Global's collapse last year. But it pinned most of the blame on ...
Spain halts evictions for the needy after suicides
Spain approved a two-year suspension of evictions Thursday for some needy homeowners unable to pay their mortgages, but activists said the government ...
Stocks close lower after weak retail reports
Stock indexes closed lower Thursday, a third straight decline, after U.S. retailers issued weak forecasts for earnings and more people filed claims ...
Bernanke: Banks' tight standards hurting economy
Federal Reserve Chairman Ben Bernanke said Thursday that banks' overly tight lending standards may be holding back the U.S. economy by preventing ...
Foreclosure starts down on annual basis in October
U.S. homes are entering the foreclosure process at a slower pace than a year ago, and fewer properties are being repossessed by lenders, new data show