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Twitter Inc. plans a $1 billion stock market launch under the TWTR ticker symbol, but the U.S. online messaging service revealed it has never turned a profit.
A British lawmaker said a Bank of America executive was less than forthright in his testimony regarding manipulation of a critical benchmark lending rate.
UPI Almanac for Saturday Sept. 14, 2013.
Bank of America Merrill Lynch said it will review its culture of long hours following the death of a German intern this week in its London office.
The sudden death of a student working as an intern at Bank of America Merrill Lynch in London has led to Internet speculation he worked punishing hours.
Bank of America Corp. says it can absorb Merrill Lynch & Co. into its corporate structure by the end of the year while keeping it as a separate brand.
The U.S. Securities and Exchange commission will not pursue fraud charges against hedge fund Magnetar Capital, sources told The Wall Street Journal.
President Obama believes it is appropriate to look broadly at the state of the U.S. economy and the path the country should take, the White House said Monday.
Antitrust regulators in Europe charged 13 large banks Monday with colluding to prevent new competitors from entering the credit derivatives market.
News the U.S. Federal Reserve could wind down its quantitative easing prices next year has economists debating the repercussions, some approvingly, some not.
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