Bank of America Corp said Tuesday it will close its correspondent mortgage lending business by the end of the year after failing to find a buyer for the operation.
American Airlines may be the most likely big U.S. airline to go bankrupt, but the sum of its hardships -- high labor costs and weak cash flow -- do not add up to an imminent Chapter 11 filing, according to analysts who study the carrier's finances.
U.S. banks are losing ground in the battle to combat credit and debit card fraud, a new report shows, underscoring the growing threat thieves and hackers pose for the financial system.
The S&P 500 brushed up against a bear market on Tuesday, but investors rushed in to buy technology and other beaten-down sectors and the index posted its largest gain in more than a week.
Stocks fell for a third day on Tuesday on worries Europe's debt problems will hurt banks, pushing the S&P 500 into bear market territory.
Ford (F), which did not accept U.S. Government assistance, has rebounded after a restructuring, and is well-positioned to capitalize on U.S. job growth, when it returns with gusto. Is now a good time to consider Ford's shares?
Big U.S. stocks are providing some shelter from cascading world equity markets but they are far from a safe haven.
Bank of America Corp shares fell 5.2 percent Tuesday to their lowest level since March 2009 amid concerns about how a slowing world economy and the European debt crisis would affect the largest U.S. bank.
U.S. banks are losing ground in the battle to combat credit and debit card fraud, a new report shows, underscoring the growing threat thieves and hackers pose for the financial system.
Billionaire investor Warren Buffett is not concerned by the sharp drop in Bank of America Corp shares in the last couple of days, despite his $5 billion investment in the company last month, he told Reuters on Tuesday.
But in the end, the iPhone 4S the company unveiled today has many of the features expected, including voice Assistant, more member (16GB) and (32GB) versions, and more.
The chairman of the House of Representatives intelligence committee on Tuesday accused China of widespread cyber economic espionage and said many U.S. firms were afraid to come forward for fear their computers would be the targets of even more attacks.
The head of Deutsche Boerse AG , which is working on sealing its $9 billion takeover of NYSE Euronext , said exchange operators must go global to survive and cannot focus only on local markets.
New orders for manufactured goods fell in August but capital investment by businesses rose, providing a mixed view for how much support the factory sector will provide to the economic recovery.
The S&P 500 entered bear market territory after the open on Tuesday, down over 20 percent from its 2011 high, as European officials considered making banks take bigger losses on Greek debt and fears of contagion in the world's financial system grew.
Angry protesters blockaded Greek ministries on Tuesday despite appeals from the finance minister for the public to rally around the tough measures the Athens government needs to achieve fiscal targets and avert default on its colossal debt.
Gold prices fell Tuesday, along with other safe-haven investments, after the head of the Federal Reserve said the central bank was ready to do more to support economic activity.
Some of Berkshire Hathaway Inc's largest units will post record profits this year, but the conglomerate's housing-related businesses are doing as poorly as they ever have, Chief Executive Warren Buffett said on Tuesday.
The Nasdaq jumped 1 percent on Tuesday, reversing an earlier steep drop as tech shares rose and the overall stock market trimmed losses on comments from Federal Reserve Chairman Ben Bernanke that he was ready to take more steps to help the fragile recovery.
The Federal Reserve is prepared to take further steps to help a fragile economic recovery held back by a weak job market and financial stresses in Europe, Fed Chairman Ben Bernanke said on Tuesday.
Hedge funds posted their worst returns in three years in the third quarter, and the fourth quarter appears to be off to an equally rocky start.
Few organizations have moved to cloud computing -- the delivery of computing as a service from remote centers -- and of those that have, many are disappointed with the results, a survey published on Tuesday found.
EU regulators will formally object this week to the planned merger of Deutsche Boerse and NYSE Euronext , two sources with knowledge of the case said, which may force the companies to offer concessions to ease competition concerns.
Gordon Smith, credit card chief of JPMorgan Chase , often spends his weekends at his northern New Jersey home, rebuilding the engines of vintage cars.
Gold price declines turned into a gold price plunge in midday trading Tuesday as stock exchanges pared losses, U.S. Treasuries fell and the dollar reversed its earlier gains to turn modestly lower.
A secondary offering of shares in Lions Gate Entertainment Corp by affiliates of billionaire investor Carl Icahn has been put on hold due to poor market conditions, a source with direct knowledge of the process said.
Gold prices turned lower on Tuesday, surrendering early gains as it was caught up in hefty losses across the financial markets due to heightened concerns over the prospect of a Greek default.
The U.S. economy is still suffering from a shocking drop in homeowners' equity and reforms are needed in how mortgage loans are originated and handled, Federal Reserve Governor Sarah Bloom Raskin said on Tuesday.
New orders for factory goods fell for the second time in three months in August, putting into question strength in the manufacturing sector which had led the economic recovery.
Stocks tumbled on Tuesday with the S&P 500 sliding into bear market territory as European officials delayed a vital aid payment to debt-stricken Greece but the government said it was not preparing for a default.
