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The Securities and Exchange Commission and New York state prosecutors are investigating whether investment firms made improper payments of millions of dollars to intermediaries to gain business from the state's pension fund, The New York Times reported on Tuesday.

On Monday the US Treasury Department told General Motors to make all necessary preparations for a possible bankruptcy filing by June 1, even though the troubled automaker insists it can restructure its business on its own, The New York Times reported.

WASHINGTON, April 12 - The U.S. Treasury Department is directing General Motors to lay the groundwork for a bankruptcy filing by June 1, even though the automaker has publicly stated it could reorganize outside of court, The New York Times reported on Sunday.

WASHINGTON, April 12 - The U.S. Treasury Department is directing General Motors to lay the groundwork for a bankruptcy filing by June 1, even though the automaker has publicly stated it could reorganize outside of court, The New York Times reported on Sunday.

Stock index futures pointed to a higher open on Thursday after the New York Times reported the U.S. banking industry seems to be in better shape than many people think, citing officials involved in the federal stress tests.

The U.S. banking industry seems to be in better shape than many people think, the New York Times said, citing officials involved in federal stress tests.

Americans have grown more optimistic about the economy and the direction of the country since President Barack Obama took office in January, according to the latest New York Times/CBS News poll on Monday.

Talks between IBM Corp and computer and software company Sun Microsystems Inc are on the brink of collapse, The Wall Street Journal reported on its website on Sunday.

The New York Times Co has threatened to shut The Boston Globe unless the newspaper's unions quickly agree to $20 million in concessions, the Globe reported on Friday, quoting union leaders.

Rupert Murdoch, whose media company News Corp owns one of the few U.S. newspapers that makes people pay to read its news on the Web, said more papers will have to start doing the same to survive.

The U.S. Justice Department has opened about 100 criminal investigations into wealthy American clients of the Swiss bank UBS AG , the New York Times said, citing a person briefed on the matter.

Stocks climbed on Wednesday as factory and home sales data raised hopes the economic downturn is moderating, sparking a broad advance.

World stocks kicked off a new quarter Wednesday with strong gains in Japan and losses in Europe after registering their best monthly performance since December 1999.

The President’s meeting with the top U.S. bankers on Friday was a non-confrontational gathering, which nevertheless saw the nation’s chief executive tell the industry leaders that it was necessary to show restraint while continuing to help the nation by continuing to lend, according to several reports.

Two of the most respected U.S. newspaper publishers, The Washington Post Co and The New York Times Co, are embarking on new cost cuts in the face of dramatic declines in advertising revenue.

The New York Times Co laid off 100 employees on Thursday and cut salaries for the rest of the year by 5 percent, and said it might cut newsroom jobs at its namesake newspaper if it cannot get union employees to agree to a similar cut.

Several more employees are leaving the controversial financial products unit that brought American International Group Inc to its knees last year, according to a person with knowledge of developments there.

Goldman Sachs Group Inc hopes to pay back the $10 billion it took from the U.S. government's $700 billion Troubled Asset Relief Program within a month, The New York Times said on Tuesday, citing people involved in the process.

President Barack Obama plans a significant increase in the size of the Afghan police force, U.S. special representative for Afghanistan and Pakistan Richard Holbrooke said on Saturday.

The U.S. government will announce as soon as Monday a long-awaited plan to try to get bad assets off the books of banks, a cornerstone of its efforts to tackle the credit crisis, The Wall Street Journal reported.

Taliban leader Mullah Omar is not hiding in Pakistan's Baluchistan province whose people will resist any U.S. attempt to extend its war against militancy there, the province's chief minister said on Friday.

Barney Frank, the chairman of the House Financial services Committee, said Monday that while some functions of mortgage finance will remain with the banks, some will remain with a public entity, according to the New York Times

Amazon.com Inc, responding to criticism that a text-to-speech feature on its new Kindle book reader helps it sidestep royalty payments, plans to allow the audio function to be disabled.

Large majorities of Americans support U.S. President Barack Obama's plans to revive the economy and his efforts to work across party lines, according to a pair of public opinion polls released on Monday.

UBS AG may face a mini-trial in a U.S. court in July as it fights efforts to force it to disclose the names of 52,000 U.S. clients suspected of offshore tax evasion, the New York Times reported on Tuesday. UBS, the world's largest banker to the rich, agreed last week to pay a $780 million fine and disclose the identity of about 300 of its U.S. clients to avert crimi...

The Obama administration has added Wall Street expertise to its team overseeing the restructuring of General Motors and Chrysler, naming Steven Rattner as adviser to Treasury Secretary Timothy Geithner.

Citigroup Inc is in talks that could see the U.S. government take a bigger stake, a source said, sparking a recovery in the battered share price of what was once the country's most valuable bank.

to also convert their preferred shares into common stock, the Journal reported. Until most of the news is known, there will be a lot of volatility and probably a downward trend in the equity market because we don't know how much pain for investors government measures will induce, said Dariusz Kowalczyk, chief investment strategist with SJS Markets in Hong Kong. By which I mean, will curr...