BANK OF AMERICA

Forty-nine states and five major banks reached a $26 billion mortgage settlement that will aid about two million homeowners, government officials announced Thursday.

The announcement caps more than a year of chaotic negotiations among state and federal officials, and the banks, who have been accused of using robosigners and unlawful documentation to deal with a flood of foreclosures.

China's annual inflation spiked to a consensus-busting 4.5 percent in January as spending jumped during the Chinese Lunar New Year holiday season, breaking a five-month softening trend and forcing a market rethink of policy easing expectations.

California and New York, two big holdout states in a $25 billion mortgage settlement, are expected to join the deal, smoothing the way for an announcement on Thursday, according to a person familiar with the matter.

California and New York, two key holdout states for a multi-state mortgage settlement, are expected to join the deal, smoothing the way for an announcement expected on Thursday, according to a person familiar with the matter.

Groupon shares fell 12.53 percent to $21.50 as of 5:40 EST after closing up 1.61 percent to $24.58.

As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.

PepsiCo Inc. (NYSE:PEP), the world's largest snack-food maker, is projected to report stronger fourth-quarter profit as PepsiCo continue to capitalize on emerging market growth and proper hedging against commodity price swings.

The Bank of America tower in Atlanta has taken the U.S. foreclosure crisis to new heights. The 55-storey tower, situated in Atlanta, is set to be sold at an open outcry auction Tuesday after landlord Bentley Forbes missed mortgage payments.

A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it.

Kenneth Robinson, a man who paid $16 to file a one-page claim so that he could live in a $340,000 suburban Dallas house, has left the house after a judge's order.

Bank of America Plaza, the tallest building in Atlanta, will be sold in a foreclosure auction on Tuesday, reflecting continued turmoil in the local real estate market.

The challenge for the Los Gatos, Calif.-based entertainment provider is to stand out as others such as Hulu and Amazon with its Prime service and Redbox try to gain an edge in the streaming business.

California and New York may join a settlement between states and major lenders over foreclosure fraud, potentially boosting the banks' aid to homeowners to $25 billion from $19 billion.

A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report.

The Bank of America will sell and leaseback some of its administrative office space as part of its move to shed nonessential assets.

The lawsuit accuses banks of creating a registry service that fails to accurately track mortgage ownership and lacks any legal authority to initiate foreclosures.

Unless you have been living under a rock for the last couple of years, you'll know that companies big or small have been constantly axing jobs across the board. Which companies are axing jobs in 2012?

The Bank of America is no longer the nation's biggest mortgage servicer in the U.S., according to the latest report.

Solar power company SolarCity is expected to debut on U.S. markets in the third quarter this year and has hired Goldman Sachs to underwrite its initial public offering, a source close to the company said on Thursday.

The Dow and S&P 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe's fiscal mess bolstered sentiment.