News and Finance

Even in this chilly economic climate, megabanks like Wells Fargo and Citigroup have somehow managed to make money.
A bit lower on the banking […]

Chocolate maker Hershey Co posted a higher-than-expected rise in quarterly profit, helped by price increases and market share gains.
The maker of Hershey’s Kisses and […]

The U.S. Treasury’s plan to purge toxic assets from banks’ balance sheets is vulnerable to fraud and abuse and needs tough rules against conflict […]

The Securities and Exchange Commission is reviewing whether Bank of America Corp. violated federal securities law by failing to disclose Merrill Lynch & Co.’s […]

President Barack Obama plans to meet on Friday with top financial regulators to sketch out the next steps to take with the "stress tests" […]

Microsoft Corp. was ordered to pay $388 million in damages for infringing a patent held by anti-piracy software maker Uniloc Inc. Wednesday.
Microsoft (MSFT, Fortune […]

South Africa will set up a commission after elections this month to oversee all ministries including the National Treasury, which became a “Frankenstein” bullying […]

The Obama administration has made it clear: In order to get the billions of dollars of federal money that Chrysler and General Motors need […]

The Federal Reserve’s $1 trillion effort to restart the market for securities backed by loans is encountering resistance from investors, undermining Chairman Ben S. […]

Detroit — He doesn’t know exactly what the Obama administration wants him to cut, but Fritz Henderson, the new CEO of General Motors Corp., […]