NEW YORK CITY

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.

The Dow and S&P fell on Wednesday after Morgan Stanley revived concerns about the banking sector and the wider economy after it posted its second straight quarterly loss and slashed its dividend.

Bank of New York Mellon Corp and Northern Trust Corp , two large U.S. custodial banks, reported disappointing profit as declines in client assets depressed fees, while State Street Corp topped forecasts.

Citigroup Inc Chief Executive Vikram Pandit said he expects the No. 3 U.S. bank to rebound from its current woes and pledged that it would repay every dollar it owes to the U.S. government.

Citigroup Inc Chief Executive Vikram Pandit said he expects the No. 3 U.S. bank to rebound from its current woes and pledged that it would repay ever dollar it owes to the U.S. government.

Bank of New York Mellon Corp said first-quarter profit fell by more than half as fees tumbled, and the bank slashed its dividend 63 percent in an effort to build capital.

Stocks rose on Friday, with the Dow scoring its biggest six-week gain since July 1938, helped by a reassuring report on the mood of consumers and stabilization in General Electric and Citigroup's quarterly results.

Stocks rose on Friday, capping the S&P 500's longest weekly winning streak since 2007, helped by a reassuring report on the mood of consumers and stabilization in General Electric and Citigroup's quarterly results.

Stocks rose on Friday, putting the benchmark S&P 500 on course for a sixth straight weekly gain, as an upbeat consumer survey added to hopes of economic stabilization and investors bet on strong results ahead following reports of General Electric and Citigroup.

Stocks fell on Friday as investors paused to reassess the sustainability of the recent spate of upbeat profits and whether or not the banks have turned a corner, following mixed results from Citigroup .

Stocks fell on Friday as investors paused to reassess the sustainability of the recent spate of upbeat profits and whether or not the banks have turned a corner, following mixed results from Citigroup .

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.

One of the nation’s largest public pension funds says it is looking to buy assets which are a part of the U.S. government’s $700 billion program to help banks sell off the illiquid investments.

Real money investors sat out the March stock market rally and are probably waiting for a second one around June or July, the head of the world's biggest stock exchange, NYSE Euronext , said in a newspaper interview.

Blackrock Inc will raise between $5 billion and $7 billion in toxic assets from U.S. financial institutions through a planned government program.

Citigroup is considering the sale of several assets in Japan to raise cash besides retail brokerage Nikko Cordial which is already on the market, according to a report.

The controversy surrounding American International Group Inc's bonuses to employees could make the process of winding down the insurer's financial products unit more costly for taxpayers, the Wall Street Journal cited the unit head Gerry Pasciucco as saying.

Pulte Homes , the fourth-largest U.S. homebuilder, said it would buy the third largest, Centex Corp , for $1.3 billion in stock as it looks to save costs and get through the housing downturn.

Median cash salaries and bonuses for chief executives of 200 big U.S. companies fell 8.5 percent in 2008 to $2.24 million, the Wall Street Journal said, citing an analysis prepared for it by Hay Group, a management consulting firm.

Former AIG chief executive testified before a congressional committee on Thursday that when he left the company several years ago, it was still in good financial shape.

Maurice Greenberg said he was not responsible for problems at American International Group since they occurred after he left, the Wall Street Journal reported citing an interview with the former chief of the company.