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Not for the first time, asset managers may be playing a high-risk game as they face the threat of a U.S. debt default without concrete contingency plans.

Policymakers worldwide oscillated between hope and confidence on Monday that U.S. lawmakers will break a debt impasse that threatens to trigger a default and up-end global financial markets.

A sharply divided Congress pursued rival budget plans on Monday that appeared unlikely to win broad support, pushing the United States closer to a ratings downgrade and debt default that would send shockwaves through global markets.

The earnings season is when a large number of publicly traded companies release their quarterly earnings reports. The earnings season is so far topping Street views at a pace above typical quarters.

Wells Fargo & Co agreed to pay a $85 million civil penalty to the Federal Reserve Board for allegedly steering borrowers into costly subprime mortgages, the largest fine the Fed has ever imposed in a consumer-enforcement case.

U.S. stocks were flat Wednesday as investors obsessed over the debt ceiling. The Dow Jones industrial average fell 16 points, or 0.1%.

Bank of America Corp reported its biggest-ever quarterly loss -- $8.8 billion -- as low interest rates squeezed lending margins at the largest U.S. bank.

Bank of America Corp reported an $8.8 billion second-quarter loss, its worst ever, and posted a drop in lending margins as low interest rates weigh on the largest U.S. bank.

For Bank of America Corp, the mortgage issues never seem to end, which is the chief worry for investors and analysts.

AnonPlus could take the anonymity out of Anonymous.

The Hacker group says, So what? We'll start our own social network.

Google reported its strongest quarter in several years, with revenue and earnings handily exceeding all expectations, driven by core search and momentum in display and mobile businesses.

Bank of America (BOA) shares dropped below $10 for the first time in two years on Friday.

A New York state appeals court revived Ambac Financial Group Inc's $1 billion lawsuit against JPMorgan Chase & Co over an investment vehicle that in 2007 and 2008 suffered heavy losses from toxic subprime debt.

The Netflix price increase outraged many customers. And why shouldn't they be when it's as large as 60 percent?

Netflix has raised its prices and essentially forced consumers to either choose DVD or streaming.

New York's attorney general has requested data from 20 of the institutional investors that agreed to a $8.5 billion settlement with Bank of America Corp over their holdings in soured mortgage-backed securities.

New York's attorney general has requested data from 20 institutional investors that agreed to a $8.5 billion settlement with Bank of America Corp over their holdings in soured mortgage-backed securities.

A string of troubled initial public offerings in Europe has pushed Bank of America Merrill Lynch to draw up a set of new guidelines to improve the listing process and restore confidence between sellers and buyers.

Bank of America is donating up to 150 vacant and abandoned properties in Chicago for demolition and rehabilitation to tackle neighborhood blight.

Wall Street banks are reported to post poor second quarter results this week, accounting for nearly a 20 percent drop in sales and trading revenues and prompting another round of layoffs, according to the New York Times.

Dunkin' Brands, owner of Dunkin' Donuts, is nearing its IPO. Shares are expected to be priced between $16 and $18 per share. The stock will trade on the NASDAQ under the symbol DNKN.

Time Inc.'s Fortune magazine released its annual Fortune Global 500 list, which is a ranking of the top 500 corporations worldwide as measured by revenue. Start slideshow to view a gallery of the top 10 biggest companies in the US.

LivingSocial has picked Bank of America Merrill Lynch, JPMorgan and Deutsche Bank to lead-underwrite an IPO that could value the daily deals site at $10 billion to $15 billion, two sources with knowledge of the matter said.

Social coupon network LivingSocial has selected three banks to leads its IPO.

JPMorgan Chase & Co agreed to pay $211.2 million to settle federal and state charges that its employees rigged bids for derivatives sold to at least 48 cities and charities.

Bank of America will take another $13 billion in charges related to pending settlement with private label mortgage-backed securities investors, Sanford C Bernstein said.

The stock market was on fire today after investor confidence increased after two promising reports on the job market were released. The Dow Jones industrial average gained 94 points or 0.7%, closing at 12.720.

Bank of America Corp lost its bid to dismiss a lawsuit accusing it of reneging on promises to help borrowers modify their mortgage loans under a much-criticized federal program.