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Bank of America tried to grow at the peak of the U.S. financial disaster several years ago, acquiring Countrywide Mortgage and Merrill Lynch, the investment bank, but now the Charlotte, N.C.-based company is destined to shrink. The company disclosed plans on Monday to cut 30,000 jobs, as the nation's largest bank tries to cut costs as the U.S. economy continues in a slow-growth, high unemployment mode.

Despite the FDA advisory panel's backing, RBC Capital Markets does not believe Johnson & Johnson's (NYSE: JNJ) Xarelto is well positioned to receive marketing approval on Nov. 5.

AT&T, Inc.(NYSE:T), the second-largest wireless carrier in the U.S., faces an uphill battle as the Department of Justice's (DoJ) action and upcoming Federal Communications Commission (FCC) action suggests a philosophy of too much wireless M&A too soon.

For one professional commuting to Midtown Manhattan, the warm, crystal-clear blue sky summer day after a vacation dawned like any other, first-day back from vacation. Until 8:46 a.m. EDT.

In the event the Bank actually follows through with this huge elimination, it would represent one of the biggest job culls in recent corporate history.

Investors are likely skeptical about the efficacy of Obama’s jobs program and whether or not such a massive scheme would pass Congress.

Major global banks have been jettisoning workers en masse for the past few months – the brutal manifestation of a grim new economic landscape.

Nasdaq OMX has intensified its opposition to the planned tie-up of NYSE Euronext and Deutsche Boerse , saying the deal would irrevocably destroy competition in Europe's listed-derivatives market, the Wall Street Journal said.

Deutsche Boerse late on Thursday said shareholders in the Frankfurt-based exchange operator who had not yet tendered their stock as part of the NYSE Euronext deal, would not be forced to do so as part of a so-called squeeze-out.

Gold mining companies rose Thursday in U.S. trading along with the price of the yellow metal on increased purchases of bullion, an unexpectedly downbeat unemployment report and very little evidence that the domestic economy has much energy.

The bank’s chief executive Stuart Gulliver warned in August that HSBC will cut up to 30,000 jobs around the world by 2013.

Shares of Silvercorp Metals Inc. jumped Tuesday after the Canadian company that mines for silver in China launched a public relations campaign to vindicate its reputation.

A principal point of the dispute – the right of airline workers to unionized – remains unresolved.

Hewlett-Packard Co. (NYSE:HPQ), which recently decided to discontinue webOS devices including TouchPad, is splitting its webOS division into two, according to a Wall Street analyst.

The largest silver producer in China says it is being accused of accounting fraud by an anonymous party who admits to placing financial bets that the Vancouver-based company's shares will fall.

EchoStar and Hughes had originally entered into a $26-billion merger agreement in October 2001.

The DoJ opposes the $39-billion deal, largely on anti-trust grounds, but also cited that such a transaction would cost thousands of jobs -- in an economy that simply cannot withstand anymore job losses.

Robert Kelly, the chief executive of Bank of New York Mellon Corp. (NYSE: BK) was recently fired reportedly because of his “abrasive” personality and management style.

AT&T (NYSE:T), the No.2 wireless carrier in the U.S., faces an uphill battle to get the T-Mobile deal approved by regulators following the Dept. of Justice (DOJ) antitrust suit to enjoin the merger and Federal Communications Commission (FCC) have echoed DoJ concerns.

The combination would also cut down the number of big-time players in the sector to just three: AT&T, Verizon (NYSE: VZ), and Sprint Nextel (NYSE: S).

The chief executive of Bank of New York Mellon Corp. Robert Kelly was fired on Wednesday reportedly because of his “abrasive” personality and management style.