No one at the Federal Reserve advised Bank of America chief Kenneth Lewis on any disclosure issues, Fed spokeswoman Michelle Smith said on Thursday.
Bank of America Corp CEO Kenneth Lewis was pressured by senior federal officials Henry Paulson and Ben Bernanke to accept a merger with troubled Merrill Lynch & Co or lose his job, New York Attorney General Andrew Cuomo said on Thursday.
The New York Times Co will remain publicly traded, build its online business and cut costs despite brutal conditions that threaten the survival of newspapers, Chairman Arthur Sulzberger Jr said at the publisher's annual meeting on Thursday.
An investigation of Bank of America Corp revealed facts that raise questions about the transparency of the U.S. government program to help banks in the financial crisis, New York's top legal officer said in a letter made public on Thursday.
Bank of America Corp CEO Kenneth Lewis testified under oath that Federal Reserve Chairman Ben Bernanke and then-Treasury Secretary Henry Paulson pressured him to keep quiet about losses at Merrill Lynch & Co, which the bank was buying, the Wall Street Journal reported.
The pregnancy was unexpected, and for one 32-year-old single mother in Syracuse, New York, the ailing economy became a factor in her decision to have an abortion.
Stocks rose on Wednesday as a broker upgrade of Caterpillar lifted big manufacturers, while biotechnology shares got a boost from better-than-expected results from Gilead Sciences.
U.S. stocks rose on Wednesday as a broker upgrade of Caterpillar lifted big manufacturers, while biotechnology shares got a lift from better-than-expected results from Gilead Sciences.
A biomedical engineering doctoral student at the University of Wisconsin-Madison has successfully typed on a computer using his brain with the help of electroencephalography (EEG) using a system called BCI2000.
French Electricite de France S.A. (EDF) has been approved to acquire three nuclear power plants in New York for $4.5 billion, the New York State Public Service announced Tuesday.
The New York Times dominated the Pulitzer Prizes announced on Monday, winning five of the coveted awards for investigative, breaking news and international reporting, feature photography and criticism.
U.S. stocks slid more than 3 percent on Monday after weak results from Bank of America reignited concerns over the state of the banking industry and the economy.
The rebuilding of New York's World Trade Center site may take up to three decades to complete because the demand for office space has shrunk with Wall Street's falling fortunes.
Time Warner Cable Inc said on Thursday it would shelve plans to test a system that bills customers for the amount of broadband bandwidth they use instead of at a flat fee to access the Internet from home after an uproar from consumer groups and politicians.
Time Warner Cable Inc. is shelving its plan to bill customers based on how much Internet traffic they generate, until it can improve its customer education process, after receiving a poor response from consumers.
New York Gov. David Paterson on Thursday introduced a bill to allow gay marriage in the state, likening the effort to civil rights struggles and brushing aside objections from religious leaders.
New York Governor David Paterson will introduce legislation on Thursday to make gay marriage legal, but the move faces an uncertain vote in the state's Senate.
The risk of a General Motors Corp bankruptcy is rising, causing bondholders to pursue independent strategies to protect their interests if GM's survival battle moves to bankruptcy court, two sources close to the government talks with GM said on Tuesday.
A former New York state political party leader was criminally charged in a probe of kickback fees paid to manage state pension investments, New York's top legal officer said on Wednesday.
A former New York state political party leader was criminally charged in a probe of kickback fees paid to manage state pension investments, New York's top legal officer said on Wednesday.
One in every eight U.S. households, a record share, ended 2008 behind on their mortgage payments or in the foreclosure process as job losses intensified a housing crisis spawned by lax lending practices, the Mortgage Bankers Association said on Thursday.
Pirates attacked a U.S.-flagged cargo ship off the coast of Somalia with rockets and automatic weapons on Tuesday but failed to board the craft, the ship's owner and the U.S. military said.