MARKETS / FINANCE

Bank of America Corp has been paying millions in bonuses in order to lure talent and retain investment bankers the company views as vital, the New York Post reported, citing sources.

NYSE Euronext said it had signed a deal with Depository Trust & Clearing Corp to form a joint venture for clearing U.S. fixed income derivatives.

NYSE Euronext , the world's top exchange operator by the size of its listings, is planning to establish a clearinghouse for fixed-income investments, the Wall Street Journal said.

Oil rose toward $72 a barrel on Thursday as the dollar weakened, and bullish data on China and U.S. crude inventories helped lift sentiment.

NYSE Euronext , the world's top exchange operator by the size of its listings, is planning to establish a clearinghouse for fixed-income investments, the Wall Street Journal said.

Asian stocks retreated on Thursday, with some investors booking profits after solid gains in the second quarter sparked by signs the global economy is starting to recover.

China could still increase its holdings of U.S. Treasuries if the dollar is stable, even though the long-term trajectory is to diversify its foreign exchange reserves, a former central bank governor said in an essay.

Oil paused at $71 a barrel on Thursday, as traders weighed a steady dollar against bullish data on China and U.S. crude inventories.

Oil paused above $71 a barrel on Thursday, as traders weighed a steady dollar against bullish data on Chinese fuel exports and U.S. crude inventories.

Intel Corporation on Wednesday reveals the forthcoming brand structure for the future microprocessors and technologies that lead to set aside the Centrino brand which was introduced in 2003.

Amazon.com Inc. acquired Palo Alto, California based company SnapTell Inc. prior to Amazon plans to beef-up its mobile capabilities.

Dell on Wednesday introduced its new enterprise technology efficiency for small and medium businesses.

Nvidia Corporation was raised to a BUY from HOLD rating as higher revenue is expected in its future, according Wedbush Morgan research during its analyst day.

The controversial software to filter pornography and other unsuitable websites may face another yet another hurdle. The developers of the Chinese filtering software ‘Green Dam’ may face legal charges from the California-based Solid Oak, makers similar filtering software.

E*Trade Financial Corp., looking to boost its bank’s capital, announced Wednesday a common stock offering worth $400 million.

Option traders will soon be able to speculate or hedge their risk in the shares of Berkshire Hathaway Inc , the insurance and investment conglomerate run by billionaire Warren Buffett.

Specialty retailer Eddie Bauer filed for bankruptcy on Wednesday, but says it will continue to serve customers as it seeks court permission to sell its assets to a private equity group.

NEW YORK, June 17 Reuters) - Ten of the largest U.S. banks said on Wednesday they repaid more than $68 billion of taxpayer bailout funds, as they race to extract themselves from government restrictions on pay for top executives.

(Corrects number of banks in first bullet point, corrects index closing level in third bullet point, updates total repayment figure to $68 bln in bullet point and paragraph 1)

Technology shares buoyed the Nasdaq on Wednesday after positive broker comments on Qualcomm, but financial shares' losses held back the Dow and the S&P 500.

U.S. consumer prices rose slightly in May, but over the past 12 months prices registered the biggest drop in nearly 60 years, allaying fears that inflation could threaten prospects for economic recovery.

(Corrects comment initially sent at 11:58 a.m. to change number of banks downgraded by S&P to 18 in second bullet and lead paragraph)

U.S. stocks were mixed on Wednesday, weighted by a downgrade of 18 banks by Standard and Poor's and a disappointing earnings outlook from economic bellwether FedEx Corp .

President Barack Obama laid out his vision for recrafting U.S. financial regulation on Wednesday, vowing to halt a cascade of mistakes ... over the course of decades that eroded bank and market oversight.

President Barack Obama said Tuesday that today’s antiquated U.S. financial system puts “American dreams” in “consistent danger,” as he announced his proposals to change the laws which govern how financial companies are run.

(Corrects unofficial close to remove 22 and read several in reference to S&P's debt downgrades of banks)

Apple's iPhone 3.0 software is now available today and here's the steps on how end-users can update their iPhone's to get working with the new operating system.

Apple officially announced the availability of iPhone 3.0 software last week, but the exact time has been kept in secret.

Oil rose on Wednesday, supported by government data showing a drop in U.S. crude supplies, gains in the stock market and a weaker dollar.