Cuomo subpoenas 5 Bank of America directors
Ratcheting up pressure on the largest U.S. bank, New York Attorney General Andrew Cuomo has subpoenaed five current or former Bank of America Corp directors to learn what they knew about Merrill Lynch & Co's problems as the companies prepared to merge. Read Full Article here.
Citi to pay back U.S. when recovery more evident
Citigroup Inc plans to pay back $20 billion it owes the government when the bank sees more concrete signs of recovery, Chief Executive Vikram Pandit said on Wednesday. Read Full Article here.
Fed policy makers dividing on hiking rates: Medley
Influential hedge fund adviser Medley Global Advisors issued a report on Wednesday saying there is a growing divide among Federal Reserve policy makers on how quickly they should begin raising interest rates, causing U.S. government bonds to briefly sell off. Read Full Article here.
U.S. home builder sentiment highest since May 2008
U.S. homebuilder sentiment rose in September to its highest level since May 2008, the National Association of Home Builders said on Wednesday, bolstering the view that the battered housing market is stabilizing. Read Full Article here.
Behind the snags, drama, hype: Meet the Boeing 787
Boeing Co's long-delayed and hotly anticipated 787 Dreamliner is a case study in the growing pains that can accompany engineering innovation. Read Full Article here.
Credit card losses climb with jobless rate in Aug
A weak U.S. labor market led to bigger bank writedowns of credit card debt in August as a record-high jobless rate left consumers struggling to pay their bills. Read Full Article here.
GM CEO sees Opel signing by early October
Fritz Henderson, the chief executive of General Motors, expects that a deal to sell a majority in Opel to a Russian-backed consortium around Magna can be signed by the beginning of next month. Read Full Article here.
Comcast plans to bring TV shows to your phone
Leading U.S. cable operator Comcast Corp said on Wednesday it plans to offer subscribers the option to watch their favorite TV shows on mobile devices through its new wireless Internet service. Read Full Article here.
Big venture funds more cautious but still love green
Venture capitalists searching for the next big green idea to invest in are being more cautious in their due diligence but are still more than willing to place risky bets in the emerging sector. Read Full Article here.