China chalked up a $31.5 billion trade deficit in February, its largest in at least a decade, as exports and imports rebounded from a seasonal slowdown caused by Lunar New Year holidays, customs data showed on Saturday.
A previously announced $25 billion settlement between five major banks accused of abusive mortgage practices and government officials will be filed in federal court on Monday, people familiar with the matter said late Friday.
Apollo Global Management LLC co-founder Leon Black will take home $104.2 million in 2011 dividends, salary and share of profits from the private equity firm, more than twice what he got in 2010, thanks to the firm's record investment payouts.
Greece averted the immediate threat of an uncontrolled default on Friday when a sufficient number of private creditors agreed on a bond swap deal that will cut the country's public debt and clear the way for a new bailout.
Bank regulators approved Capital One Financials acquisition of HSBC's $30 billion U.S. credit card business, the Office of the Comptroller of the Currency announced on Friday.
Employers added more than 200,000 workers to their payrolls for a third straight month in February, a sign the economy was strengthening and in less need of further monetary stimulus from the Federal Reserve.
NetJets Inc, a private jet-sharing company owned by Warren Buffett's Berkshire Hathaway Inc , was sued for $366.3 million by the government to recover unpaid taxes, four months after sued the government for nearly twice as much.
Bank regulators approved Capital One Financial's acquisition of HSBC's $30 billion U.S. credit card business, the Office of the Comptroller of the Currency announced on Friday.
A senior Morgan Stanley banker pleaded not guilty on Friday to hate crime, theft and assault charges stemming from an incident last December that police say escalated from a dispute over a $200-plus cab fare to a knife attack on the driver.
Stocks advanced on Friday as investors brushed off the technical default by Greece and focused instead on another strong monthly jobs report.
A computer hacker-turned-FBI informant known as Sabu combined daring online attacks against governments and major companies with a life of petty crime and drugs, according to a copy of his plea agreement.
The regulator for Fannie Mae and Freddie Mac , responding to political pressure, on Friday slashed salaries for the chief executives of the two firms and ruled out bonuses for many top executives.
Chris Hughes, one of the co-founders of Facebook and a former online strategist for Barack Obama during the 2008 presidential campaign, has purchased a majority stake in The New Republic, the magazine said on Friday.
Stocks were on track to end the week higher on Friday after a strong monthly jobs report, but gains were trimmed in late afternoon trade on news of a credit event in Greece.
Stocks pared gains in late trading on Friday, as worries about Greece increased after news that a derivatives group has declared a Greek credit event.
A new compensation plan for housing-giants Fannie Mae and Freddie Mac announced on Friday by their government regulator will eliminate executive bonuses and target CEO pay at $500,000.
Ford Motor Co will offer lump-sum payouts as an option for future salaried retirees in the United States as part of its push to decrease the risk presented by its pension obligation.
Britney Spears, who is currently in talks to become the newest judge on Simon Cowell's The X Factor, has re-listed her Mediterranean-styled Beverly Hills mansion for $2.995 million. Check out photos of Spears' sprawling abode, presented by Nancy Sanborn of Prudential California Realty.
Search engines users disapprove of personal data being collected for search results or for targeted advertising, according to a Pew survey released on Friday that underscored the public's growing concern with web privacy.
Stocks advanced on Friday after another strong monthly jobs report showed the economic recovery was expanding.
Stocks rose on Friday after another strong monthly jobs report showed the economic recovery was broadening.
The dollar rallied broadly on Friday as strong payrolls data highlighted a growing disparity with struggling economies in other regions of the world.
Freddie Mac requested $146 million from the U.S. Treasury in order help make interest payments on government loans used to keep the mortgage buyer afloat, the company said Friday.
Employment grew solidly for a third straight month in February, a sign the economic recovery was strengthening and in less need of further monetary stimulus from the Federal Reserve.
Employment grew solidly for a third straight month in February, a sign the economic recovery was broadening and in less need of further monetary stimulus from the Federal Reserve.
The U.S. trade deficit widened more than expected in January as high oil prices and resurgent demand helped pushed imports to a record high, a Commerce Department report showed on Friday.
Stocks were set for a higher open on Friday after a report showed the economy added more jobs than expected in February, which could push indexes into a higher trading range in the weeks ahead.
Stock index futures edged lower on Friday after their strongest two-day gain in nearly three months and ahead of a report likely to show employment grew solidly for a third straight month.
Greece averted the immediate risk of an uncontrolled default on Friday, winning strong acceptance from its private creditors for a bond swap deal which will eat into its mountainous public debt and clear the way for a new international bailout.
JPMorgan Chase & Co said it had entered into a partnership with AirPlus International, a business travel manager owned by Deutsche Lufthansa AG , to offer expense tracking systems and commercial credit cards to multinational corporations.
