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The U.S. sell-off follows even greater declines in Europe.

HighTower Advisors, a firm that is expanding by poaching financial advisers from the big brokerages, on Monday said it hired a private banking team from Merrill Lynch managing more than $1 billion of client assets.

Merrill Lynch, the second largest U.S. brokerage by assets and financial advisers, on Monday said it hired seven new advisers overseeing more than $800 million in combined client assets.

Interest rates on most Treasury bills fell on Monday after a tentative deal among top Washington lawmakers to raise the debt ceiling soothed anxiety of a sovereign debt default.

Bank of America was sued by 15 former Countrywide Financial institutional investors who said they lost money after being misled about the mortgage lender's financial condition and lending practices.

More than a dozen traders have quit Goldman Sachs Group Inc's (GS.N) North American government bonds and derivatives trading desk in New York in recent months as the bank takes fewer risks and big bonuses for ambitious traders dry up.

comScore Media Metrix released its list of top 50 web properties for June with Google, Yahoo! and Microsoft sites assuming top positions. However social networking sites like Facebook, online luxury magazines like Glam Media, sports and entertainment sites like Turner Digital and Viacom seem to be gaining in popularity. American web users show a marked trend towards networking, shopping, sports and entertainment.

Most financial advisers are holding a lot of hands this week. Many of their clients, with the horrors of the financial crisis so fresh, are getting scared by the possibility of a United States' debt default.

Dunkin' Brands (DNKN.O) has raised $422.75 million after pricing its IPO at $19 per share, well above the range set by underwriters, signaling strong demand for this week's biggest deal.

President Barack Obama's Democrats and their Republican rivals were further apart than ever on Tuesday in an impasse over the government's debt limit as investors braced for a looming default and downgrade.

President Barack Obama's Democrats and their Republican rivals were further apart than ever on Tuesday in an impasse over America's debt limit as Wall Street braced for a looming U.S. default and credit downgrade.

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.