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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.

Singapore's Temasek sold stakes in two of China's biggest banks on Wednesday to raise $3.6 billion, in a move likely aimed at reducing the sovereign investor's big exposure to the financial sector and building up a warchest.

Zynga Inc, developer of popular Facebook games like FarmVille and Mafia Wars, is all set to hit the capital market with an initial public offer (IPO). The company filed with regulators for an IPO of up to $1 billion on Friday, hopping that its close ties with Facebook will be a key to its future success.

The company behind Farmville, Mafia Wars, Words With Friends, Empires and Allies and many other social games has officially filed for an IPO. In doing so, it follows in the footsteps of fellow social comapny, LinkedIn, which had an impressive IPO of its own last month.

Washington Mutual Inc's officers, directors, underwriters and auditor have agreed to a $208.5 million settlement to end class-action securities fraud lawsuits, according to court documents.

The vast majority of self-directed investors say they don't understand the fees their brokers charge, and they aren't happy about it, says a new survey.

MBIA Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide Financial unit of fraudulently misleading it about mortgage securities it insured, costing at least $1.4 billion.

The much-debated proposal to implement the Durbin amendment cap on debit-card interchange fees came in focus once again Wednesday as Fed raised the debit interchange rate cap to 21 cents.

U.S. stocks were mixed in early trade on Wednesday with Nasdaq turns negative after Greece’s parliament approved key austerity bill to prevent a debt default.

The companies whose shares are moving in pre-market trade on Wednesday are: Bank of America, AK Steel Holding, Archer Daniels Midland, Analog Devices, Legg Mason, Monsanto, United States Steel, KB Home, General Mills and Family Dollar Stores.

Bank of America (NYSE:BAC), one of the nation's largest banks by assets, has confirmed an $8.5 billion settlement with high-profile investors over mortgage loans, and would report a second-quarter loss in the range of $8.6 billion to $9.1 billion.

Bank of America (NYSE:BAC) is nearing an $8.5 billion settlement with high-profile investors over mortgage loans, according to people familiar with the matter.

Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from a group of powerful investors that lost money on mortgage-backed securities, a person familiar with the matter said on Tuesday.

New York's highest court revived on Tuesday a lawsuit by banks including Bank of America Corp and HSBC Holdings Plc challenging MBIA Inc's 2009 restructuring, which they complained was unfair to policyholders.

Industry analyst says Bank of America shares are undervalued for the long term.

Some companies will win, some companies will lose as growth slows in the American economy and inflation rises. Here's a list of five winners, and five losers.

The U.S. Supreme Court ruling places new limits nationwide on class-action suits. Companies facing similar suits to benefit from the ruling include Cigna Corp., Goldman Sachs Inc., Bayer AG, Deere Co., and Costco Wholesale Corp. The case one of the most important for U.S. businesses in a decade.

Operator and supporters of marijuana dispensaries say banks are turning away their business because they risk falling afoul of anti-money-laundering and drug-trafficking laws.

The companies whose shares are moving in pre-market trade on Wednesday are: Carmax, Fedex, Yahoo, Reynolds American, Reynolds American, United Parcel Service, Jabil Circuit, Philips Electronics, Archer Daniels Midland and Archer Daniels Midland.

The top after-market NASDAQ Stock Market gainers are: AeroVironment, Asia Entertainment & Resources, A-Power Energy Generation Systems, Globus Maritime, and Merge Healthcare. The top after-market NASDAQ Stock Market losers are: NuVasive, Adobe Systems, Atmel, Globe Specialty Metals, Altera, Research In Motion, and Apple.