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The U.S. Federal Reserve used a non-competitive bid process when it secured middlemen services to maintain liquidity in the critical money-market fund market -- an emergency action necessitated by the financial crisis triggered by the collapse of Lehman Brothers.

A federal judge ruled that the Federal Deposit Insurance Corp has to face a $10 billion lawsuit tied to the failure of Washington Mutual Bank.

Stocks shot three percent higher on Tuesday on speculation Federal Reserve Chairman Ben Bernanke this week would signal new help for the economy, giving investors hope a four-week rout was nearing an end.

Bank of America Corp (BAC.N) shares fell nearly 8 percent on Monday, reaching their lowest level since March 2009, as investors fretted the bank may need to raise some $50 billion of capital and worried about potential additional mortgage lawsuit payouts.

World stocks eked out a gain on Monday, stabilizing after the previous four weeks of sharp losses, while Brent crude prices slipped on prospects Libya's civil war will soon end.

Bank of America Corp shares fell as much as 6.6 percent on Monday, reaching their lowest level in two weeks, as investors fretted about the bank facing additional legal liabilities over mortgages.

Bank of America Corp shares fell as much as 6.6 percent on Monday, reaching their lowest level in two weeks, as investors fretted about the bank facing additional legal liabilities over mortgages.

South Korean trading firm Samsung C&T (000830.KS) said on Monday it was considering taking over independent U.S. oil firm Parallel Petroleum, which a media report said might be worth about $920 million.

Credit Suisse Group (CSGN.VX) will buy the nearly 50 percent stake it does not own of Brazilian investment fund Hedging-Griffo, which the Swiss bank will make its sole asset management platform in Latin America's biggest economy, a local newspaper reported on Monday.

The U.S. stock market had a mini-meltdown on Thursday as fears about a second recession in the United States and Europe rattled investors.

Hewlett-Packard Co may spin off the world's largest PC business, part of a wrenching series of moves away from the consumer market, including killing its new tablet and buying British software company Autonomy Corp for as much as $11.7 billion.

Stocks tumbled in New York after the opening bell this morning, prompting fears that America is heading into another deep economic recession.

Stocks tumbled in New York after the opening bell this morning, prompting fears that America is heading into another deep economic recession.

Hambrecht, Icahn nominee, quits Motorola Mobility board

The trustee seeking money for victims of Bernard Madoff's fraud on Wednesday filed an amended $2 billion lawsuit adding new allegations against UBS AG and related defendants.

By the complaints coming from Washington, you might think that the Standard & Poor's credit rating service is a big headache for its owner, the McGraw-Hill Companies Inc .

Bank of America Corp may settle a state and federal probe of foreclosure practices in a deal that lets New York proceed with an inquiry into securitizations, Bloomberg reported citing two people with direct knowledge of the matter.

Former employees of elite Wall Street firms are triumphing over their previous investment banks in Google Inc's blockbuster $12.5 billion deal to buy Motorola Mobility Holdings Inc.

Allstate Corp on Monday sued Goldman Sachs Group Inc , accusing the Wall Street bank of causing losses by hiding the risks more than $123 million of mortgage securities it bought.

Lloyd C. Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc., lost about $52 million of his personal wealth this month.

U.S. banks still wrestling with legal troubles springing from the subprime mortgage crisis are lobbying the new consumer agency for strong legal protection for future home loans.

U.S. banks still wrestling with legal troubles springing from the subprime mortgage crisis are lobbying the new consumer agency for strong legal protection for future home loans.

Bank of America Corp (BAC.N) shares fell as much as 9.5 percent to their lowest level since April 2009 on Monday morning over fears of a slowing U.S. economy and challenges to a multi-billion dollar mortgage settlement.

Guidewire Software Inc, which sells software to the insurance industry, is gearing up to go public and has selected JPMorgan Chase & Co (JPM.N) and Deutsche Bank (DBKGn.DE) to underwrite the deal, people close to the matter said.

U.S. stocks rose in volatile trade on Friday as investors saw a buying opportunity following the sharp sell-off that took the S&P 500 down 10 percent over the last 10 sessions.

Web.com, an online provider of Internet services for small and medium-sized businesses, has agreed to pay about $560 million for privately held marketing and domain company Network Solutions.

JPMorgan Chase & Co and UBS AG , emboldened by a favorable court ruling, urged a federal judge to throw out many claims by the bankruptcy trustee seeking billions of dollars for victims of Bernard Madoff's Ponzi scheme.

High inflation and soaring real estate prices have thrown thousands of residents into dire straits.

Money market funds face uncharted waters if a debt deal is not reached soon in Washington, but Joe Morgan is not ready to abandon ship.