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Wall Street stocks declined on Monday as Eurozone data signaled the region could be facing a recession, adding to worries about Europe's debt crisis.

Bank of America Corp plans to sell most of its remaining stake in China Construction Bank Corp for $6.6 billion in cash to boost the ailing U.S. bank's capital levels.

Bank of America Corp plans to sell most of its remaining stake in China Construction Bank Corp for $6.6 billion in cash to boost its capital levels.

Warren Buffett said his Berkshire Hathaway Inc has accumulated a 5.5 percent stake in IBM, the billionaire investor's biggest bet in the technology field he has historically shunned.

Bank of America Corp. (NYSE:BAC) said it agreed to sell about 10.4 billion common shares of China Construction Bank Corp. (CCB) through private transactions with a group of investors, in a move that will result in an after-tax gain of about $1.8 billion.

FBR Capital Markets said the broad changes to the Home Affordable Refinance Program (HARP) were outlined by U.S. President Barack Obama's administration on Oct. 24. However, the release of most of the technical details was delayed until Nov. 15.

Profits at Italian bank UniCredit have all but evaporated and capital has shrunk to dangerous levels, results due on Monday will show as the bank prepares a $10 billion rights issue and 5,000 job cuts to get back on track.

Stocks jumped on Friday, ending higher for the week after the Italian Senate's approval of economic reforms gave investors some relief from worries about the Eurozone's debt crisis.

The decision to lay off 1,066 people who worked for MF Global -- effective immediately and without severance -- will give people pause. But it is only the beginning of the nastiness in the MF Global saga

Stocks rose about 2 percent on Friday, with major indexes on track to end the week higher as Italy's Senate approved economic reforms, easing investor concerns about the euro zone's debt crisis.

Stocks rose at the open on Friday as debt-laden Italy moved to implement tough austerity measures crucial to avoid a Eurozone meltdown.

Chinese banks wrote 587 billion yuan ($92.5 billion) of new loans in October, much more than expected and a sharp jump from September, evidence of "selective" policy easing by the government to keep the world's second-largest economy on an even keel.

The banking sector, enduring rounds of deep job cuts, faces the grim prospect of having nowhere to turn to for immediate employment in the industry, as nearly all branches of finance have pulled back on hiring.

Goldman Sachs Group Inc faces lawsuits over $15.8 billion worth of mortgage securities, the bank said in a regulatory filing on Wednesday, a more than 30-fold increase from the amount disclosed three months earlier.

Stocks slid more than 2 percent on Wednesday as a spike in Italian bond yields heightened fears the debt crisis in Europe was spreading.

Global markets stampeded Wednesday after the bond market signaled that Europe's third-largest economy can no longer survive without a rescue.

China's annual inflation rate fell sharply in October to 5.5 percent in a further pullback from July's three-year peak, giving Beijing more room to fine tune policy to help an economy feeling the chill of a global slowdown.

New Hewlett-Packard CEO Meg Whitman may try to sell the Palm WebOS mobile platform designed into the ill-fated TouchPad tablet.

Hewlett-Packard Co is looking to sell Palm's webOS mobile software platform, a deal that could fetch hundreds of millions of dollars but less than the $1.2 billion that HP paid last year, four sources close to the matter said.

Toyota, Bank of America, Priceline, DryShips, Rockwell Automation and Activision Blizzard are among the stocks that may see active trading on Nov.8.

Morgan Stanley said a group of investors believes the bank may have sold defective mortgage bonds contained in more than $6 billion of trusts, signaling that it may face litigation over its involvement.

State attorneys general Eric Schneiderman of New York and Beau Biden of Delaware have teamed up to investigate mortgage crisis.

Stocks were little changed in choppy trading after being lower on Monday as Europe's debt problems dominated investors' concerns, with the focus heavily on Italy's political turmoil.

Stocks fell on Monday as investors stayed focused on Europe, this time on the political turmoil in debt-burdened Italy, as a reason to sell risky assets.

Wall Street must raise its appeal to the next generation of investors and female professionals to remain competitive in the wealth management industry, the former head of Bank of America's wealth management unit said on Monday.

Bank of America Corp is considering further reducing its stake in China Construction Bank Corp, a newspaper reported said on Monday, after the bank cut its holding by half in August.

Bank Transfer Day -- the protest movement urging Americans to take their business out of big banks on Saturday and put it into credit unions and local banks -- is being used as a marketing opportunity by some.

Since Bank of America announced its now-abandoned plan to charge debit-card users a $5-per-month fee, consumers have been fleeing from large money-center banks to small community banks and credit unions. And Saturday is both Bank Transfer Day and Move Your Money day.

World leaders on Friday identified 29 banks deemed so important to the global financial system that they require more capital and closer supervision, as well as a plan that would safeguard taxpayers should they fail.