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U.S. closes BankUnited, sells to private equity

U.S. bank regulators seized troubled Florida lender BankUnited FSB and sold it to some of the most powerful private equity firms in the world.

Pimco’s Gross says US may eventually lose top credit rating

The co-chief investment officer of Pacific Investment Management Co. said on Thursday that the United States may eventually lose its ‘AAA’ credit rating.

OpenTable soars, best IPO debut in 18 months

Shares of OpenTable Inc closed their first trading session up 59 percent on Thursday following the restaurant reservation company's initial public offering, in the best first day performance for a U.S. company in over 18 months.

OpenTable shares soar 72 percent in debut

OpenTable Inc shares jumped 72 percent in their trading debut Thursday following the restaurant reservation company's initial public offering, putting it on pace for the biggest first day performance for a U.S. company in more than a year.

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Lehman Brothers questioned over securities sales: report

Regulators have questioned former Lehman Brothers Holdings executives over their marketing of auction-rate securities, the Wall Street Journal reported, citing people with knowledge of the matter.

Regions, Fifth Third selling stock to add capital

Regions Financial Corp and Fifth Third Bancorp announced plans on Wednesday to sell stock, the eighth and ninth of the 10 large U.S. banks ordered by federal regulators to bolster their finances to announce capital-raising plans.

Credit card crackdown wins Congress approval

The U.S. Congress on Wednesday gave final approval to a bill that would impose sweeping new limits on the credit card industry, with President Barack Obama expected to sign it into law within days.

The Sleepwalkers Rally

Although well off their all-time highs, American stocks are now marginally up for the current year.

Defensives lift Wall Street

Stocks rose on Wednesday as shares of McDonald's Corp and Procter & Gamble Co advanced on positive broker comments, but profit-taking in financials and the Federal Reserve's cautious comments on the economy kept gains in check.

Judge may rule by next month in WaMu/JPMorgan case

A bankruptcy court judge on Wednesday said she may rule by next month on efforts by Washington Mutual Inc to get back more than $4 billion in cash deposits to which it lost access when the bank was sold to JPMorgan Chase & Co last year.

Wall St pares gains; McDonald's, P&G lift Dow

U.S. stocks pared gains on Wednesday as a pullback in financial shares offset positive broker comments on bellwethers McDonald's and Procter & Gamble.

Economy bottoming, pay reform needed: BofA CEO

Bank of America Corp Chief Executive Kenneth Lewis, whose bank sold $13.47 billion of common stock this month, on Wednesday said the worst of the economic downturn has likely passed and that conditions will not worsen as much as feared.

WaMu asks bankruptcy court to rule on dispute with JPMorgan

Washington Mutual Inc has asked a bankruptcy court to rule on its dispute with JPMorgan Chase & Co over more than $4 billion in deposits, according to court documents on Wednesday.

BofA CEO: Economy bottoming, pay reform needed

Bank of America Corp Chief Executive Kenneth Lewis said the worst of the economic downturn has likely passed and conditions will not worsen as much as feared, a day after his bank raised $13.47 billion in a common stock offering, .

Toll Brothers homebuilding revenue dives 51 percent

Toll Brothers Inc said on Wednesday that it expected to report a 51 percent drop in quarterly homebuilding revenue, but said new orders had improved from the prior period, reflecting a seasonal upturn.

Target profit down but beats Street

Target Corp reported a lower quarterly profit on Wednesday, but the results beat Wall Street expectations as the No 2 U.S. discount retailer kept a tight control on inventory and expenses, and said its credit card business was profitable.

Recovery of renewable energy depends on IPOs: survey

The renewable energy sector will start recovering from the economic slowdown when companies can push through initial public offerings (IPOs) for startups, a survey seen by Reuters of investors shows.

Stocks futures point to higher open on economic optimism

Stock index futures pointed to a higher open on Wednesday as investors remained optimistic the worst of the economic slowdown was abating.

Banks line up to throw off TARP yoke

JPMorgan Chase & Co and several other banks eager to escape the restrictions and stigma linked to government bailout funds may get the chance to do so in the next few weeks.

Global stocks rise again, helped by commodities

World stocks rose for the fourth session in a row on Wednesday, despite overnight losses on Wall Street, lifting demand for higher-yielding currencies.

Bank of America raises $13.47 billion in share sale

Bank of America Corp raised $13.47 billion through a share sale, marking a major step toward meeting the U.S. government's requirements for capital-raising following the recent stress testing of the bank.

JPMorgan, others line up to throw off TARP yoke

JPMorgan Chase & Co and several other banks eager to escape the restrictions and stigma linked to government bailout funds may get the chance to do so in the next few weeks.

JPMorgan loses court ruling over credit cards

A federal appeals court reinstated a claim by a JPMorgan Chase & Co credit card holder accusing the bank of failing to properly disclose risk factors that allow it to suddenly raise rates.

Banks discuss TARP repayment with U.S.: Fed official

Several major banks are seeking permission to repay government bailout funds, and JPMorgan Chase & Co expects repayments to begin within the next couple of weeks.

U.S. housing starts and permits plumb record lows

U.S. housing starts and permits fell to record lows in April, weighed down by a slump in multifamily units, according to data on Tuesday that still hinted the U.S. recession may be drawing to a close.

Merkin shuts down funds after Cuomo's demands: report

Financier and money manager J. Ezra Merkin will stop managing his hedge funds and place them into receivership at the demand of New York Attorney General Andrew Cuomo, a person familiar with the matter told the Wall Street Journal.

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