NEW YORK

Bank of America Corp has agreed to pay $33 million to settle charges that it made false and misleading statements to investors about bonuses at Merrill Lynch & Co, the U.S. Securities and Exchange Commission said on Monday.

Eye-popping Wall Street bonuses could be banned by the U.S. government if pay packages are deemed to encourage inappropriate risks, under a bill approved on Friday by the U.S. House of Representatives.

Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.

Yahoo Gets Hard Look, Cumo's Bank Critique, Exxon Earns Less Billions

Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.

Several large, troubled banks that received government assistance paid hundreds of employees bonuses of at least $1 million last year, according to New York Attorney General Andrew Cuomo. Cuomo criticized the top U.S. banks for paying boom-time bonuses in an era of economic peril. At least 4,793 bankers and traders were paid more than $1 million in bonuses last year.

Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.

Bonuses paid to executives at nine banks who received U.S. government bailout money in 2008 were in some cases greater than net income, the office of New York Attorney General Andrew Cuomo said on Thursday.

Cablevision Systems Corp plans to spin off its Madison Square Garden unit by the end of the year, hoping to get a better valuation from Wall Street for assets including the New York Knicks basketball team and Radio City Music Hall.

Cablevision Systems Corp said on Thursday its board approved a spinoff of its Madison Square Garden (MSG) unit by year-end, in hopes of a better valuation from Wall Street for assets such as its New York Knicks basketball team and Radio City Music Hall.

Top Japanese model Yuri Ebihara has made her mark in Asia but now she wants to take her place on the global catwalk alongside the world's supermodels.

IBM Corp. said Tuesday it plans to acquire SPSS Inc., a technology services company that helps businesses predict future trends and observe consumer patterns and behavior, for $1.2 billion.

First Niagara Financial Group Inc said it agreed to buy Harleysville National Corp for $5.50 per share, or $237 million, in stock to create a strong foothold in Pennsylvania.

A rebounding economy could signal a boost for AvalonBay Communities (AVB.N), a real estate company, Barron's said.

High speed trading for stocks is under pressure from a senior Senator who has called on the top U.S. securities regulator to ban a certain type of orders which he says gives and advantage to some traders over others.

U.S. regulators closed seven small banks on Friday, a pace matching a one-day total seen earlier in July and bringing the number of failures so far this year to 64.

U.S. criminal authorities are probing whether Corey Ribotsky, Managing Member of NIR Group, a Roslyn, New York hedge-fund, defrauded investors about their returns and the holdings of his various funds, the Wall Street Journal reported, citing people familiar with the matter.

Three New Jersey mayors and several rabbis were arrested on Thursday in a sweeping federal investigation into political corruption that also uncovered human kidney sales and money laundering from Brooklyn to Israel, authorities said.

Award-winning travel journalist Bruce Northam has wandered freestyle in over 100 countries on seven continents, with experiences ranging from drifting with Burma's sea gypsies, playing naked Frisbee with New Guinea natives, and beholding the beguiling shores of Antarctica.

Starwood Hotels & Resorts Inc posted a higher net profit for the second quarter on Thursday, helped by broad cost cuts.

Most men would not want to be in a room with their estranged wife, current girlfriend and two former mistresses, but Allen Stanford is not most men.