posted: 08/21/2014 11:12 a.m.
WASHINGTON — The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday.
posted: 08/21/2014 4:59 a.m.
Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.
posted: 08/21/2014 2:36 a.m.
Target Corp. has reduced its financial outlook twice since Brian Cornell was named chief executive officer three weeks ago. Now the company's new leader has to show he can clear that lower bar.
posted: 08/21/2014 2:35 a.m.
Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs.
posted: 08/21/2014 2:32 a.m.
If North Carolina-based Lowe's Inc. decides to expand overseas, Chief Executive Officer Robert Niblock said the home improvement company will look to do so by buying existing firms, rather than muscling in with more Lowe's stores.
posted: 08/21/2014 2:30 a.m.
Federal Reserve officials raised the possibility that they might begin removing aggressive stimulus sooner than anticipated, as they neared agreement on an exit strategy, according to minutes of their July meeting released Wednesday.
posted: 08/21/2014 2:27 a.m.
Orion Energy Systems Inc. was sued Wednesday by the U.S. Equal Employment Opportunity Commission for reportedly punishing, then firing, a worker who refused to participate in a company wellness program.
posted: 08/21/2014 2:27 a.m.
Warren Buffett's company has agreed to an $896,000 penalty for failing to tell regulators about a December 2013 investment in wallboard maker USG Corp. beforehand.
posted: 08/21/2014 2:26 a.m.
The stock market rose for a third straight day Wednesday despite a report from the Federal Reserve that showed a growing chorus of central bank officials willing to raise interest rates sooner rather than later.
posted: 08/21/2014 2:25 a.m.
Global OK'd for oil by rail; Tesoro waits Just as Global Partners LP gained approval to unload more oil from rail cars at a marine terminal in Oregon, Tesoro Corp. learned its plans for a similar project in neighboring Washington will have to wait.
posted: 08/20/2014 11 a.m.
NEW YORK — Target Corp. slashed its annual profit outlook as the discounter continues to reel from costs related to a huge data breach, a botched expansion in Canada and sluggish sales in the U.S.
posted: 08/20/2014 2:31 a.m.
Housing starts surged in July to the highest level in eight months, the Commerce Department reported Tuesday, underscoring the recent pickup in builder optimism as the U.S. residential real-estate market gains some traction.
posted: 08/20/2014 2:29 a.m.
The Home Depot Inc., the largest U.S. home-improvement retailer, posted a second-quarter profit Tuesday that topped analysts' estimates and raised its forecast for the year as sales of seasonal merchandise rebounded. The shares gained the most in more than a year.
posted: 08/20/2014 2:28 a.m.
U.S. consumer prices rose in July at the slowest pace in five months, the Labor Department reported Tuesday, held back by a drop in gasoline prices.
posted: 08/20/2014 2:26 a.m.
Federal prosecutors are seeking to compel FedEx to settle a pending drug-trafficking case by adding money-laundering charges against the parcel shipping company, attorneys and analysts said.