Sponsored by Bank of america

A broad settlement with major banks over mortgage servicing abuses that would bring relief to distressed U.S. homeowners could be announced as early Thursday, two people familiar with the matter said.

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.

Delaware stands to leave up to $40 million in homeowner relief on the table, if it does not join a multi-state mortgage settlement, according to a letter from the state's banking commissioner seen by Reuters on Tuesday.

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.

The job cuts, if they go through, would be part of thousands of other cuts which financial institutions plan to make in the near future.

VeriSign Inc., the company in charge of delivering people safely to more than half the world's Web sites, has been hacked repeatedly by outsiders who stole undisclosed information from the leading Internet infrastructure company.

Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say.

A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.

Stocks extended January's rally on Wednesday after upbeat global manufacturing data boosted sentiment and as Greece neared a long-delayed deal with private creditors.

A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.

JC Penney's new Chief Executive Ron Johnson thinks shoppers have dropped the coupon-hounding, sale-chasing era when department stores reigned. Retail territory has been ceded to bargain sellers such as Walmart and Target. The former Apple retail executive offered a much-hyped solution last week, mixing branding, a new pricing structure and a buoyant ethos.

Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.

Facebook Inc. will list a preliminary fund-raising goal of $5 billion on Wednesday, which is smaller than some earlier estimates of the offering. The public stock offering will probably value the company at $80 billion to $100 billion. But how did simple status updates and random photos of users help create what will likely be the biggest tech IPO in till date? Let's try to find out here...

Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.

Facing both a slew of regulatory developments and volatile capital markets, banks are seeing some parts of their traditional revenue model threatened. One solution: charge customers more fees, either by raising the price of existing fees, charge for services that used to be free, or offering new services at a cost.

Stocks fell on Monday after Greece's efforts to reach a debt restructuring with creditors stalled, hampering European leaders' push to shift the market's focus to jobs and growth.