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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.

Sprint may launch iPhone 5 as the carrier is set to offer unlimited data plan, according to a report from Bloomberg.

Intel may be eyeing a bid for InterDigital and its wireless patents

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

Former directors of a Lehman Brothers Holdings Inc affiliate are objecting to the proposed release of $90 million in insurance funds to settle an investor lawsuit against ex-Chief Executive Richard Fuld and other officials.

Apple Inc. said last week that its new Chief Executive Tim Cook promoted Eddie Cue to Senior Vice President of Internet Software and Services from his previous position of Vice President of iTunes.

Germany's Constitutional Court rejected on Wednesday a series of lawsuits aimed at blocking German participation in bailout packages for Greece and other euro zone countries, but said parliament must have a bigger say in future rescues.

Bank of America Corp Chief Executive Brian Moynihan is running out of time to fix the largest U.S. bank.

Lehman Brothers Holdings Inc -- whose North American business was taken over by Barclays Plc in 2008 -- has asked a U.S. judge on Wednesday to force the British bank to pay it back $500 million it says was meant to go to employees.

Chevron Corp has made a deepwater discovery in the Gulf of Mexico at the Moccasin prospect, the site of the first exploratory well permit after the end of last year's deepwater moratorium.

Halliburton Co (HAL.N) filled a gap in its offering of oil and gas extraction services with a deal to buy Multi-Chem Group LLC, North America's fourth-largest production chemicals company.

Ernie Els is a three-times major champion and has faced plenty of pressure in his glittering career but he had to survive a nerve-racking finish to the Deutsche Bank Championship on Monday.

AT&T is going to make concessions to get the T-Mobile deal approved according to a report from Reuters.

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 value of palladium, the least known of the world's four major precious metals, is set to rise this year, perhaps more sharply than its more popular cousins.

The Shanghai branch of British bank Barclays has won approval to become a trading member of the Shanghai Gold Exchange, the seventh foreign financial institute to obtain such membership, said the exchange on its Web site.

Barclays Capital said Tim Cook can handle the pressure and run Apple Inc. in Steve Jobs' shadow, but that it does not believe that Jobs is replaceable.

Asian stocks edged up Wednesday, poised to end a volatile month on a mildly stronger note, while the dollar struggled on heightened expectations that the U.S. Federal Reserve would do more to stimulate the economy.

Creditors of Lehman Brothers Holdings Inc were granted approval on Tuesday to vote on the failed bank's $65 billion payback plan, clearing a major hurdle in the path to ending the biggest bankruptcy in U.S. history.

A judge on Tuesday gave creditors of Lehman Brothers Holdings Inc the green light to vote on the failed bank's $65 billion payback proposal, clearing a major hurdle in Lehman's path toward ending the biggest bankruptcy in U.S. history.

Lehman Brothers Holdings Inc told a bankruptcy judge on Tuesday it has resolved or pushed off eight of the 18 objections to its plan outline to pay creditors back $65 billion and end the biggest bankruptcy in U.S. history.

Even PIMCO's Bill Gross makes a wrong call every now and then. Gross, manager of the world's largest bond fund noted for calling the housing bubble early on that burst several years ago, feels like crying in his beer for betting so heavily against U.S. government related debt this year.

Hong Kong shares could edge lower at Monday's open, with turnover likely to stay low though U.S. Federal Reserve chairman Ben Bernanke's comments on Friday could boost cyclicals, limiting losses.

Switzerland's banking industry may have to slash 10,000 jobs by the end of next year, particularly at Swiss subsidiaries of big foreign banks, Swiss newspaper SonntagsZeitung reported.

Big-hitting Dustin Johnson won a final-round duel with holder Matt Kuchar to win The Barclays Saturday and the runner-up sounded like it was almost unfair.

The gap between two traditional rivals will be scrutinized at Old Trafford as Manchester United host Arsenal on Sunday.

Safety fears over the possible impact of Hurricane Irene have forced the National Football League (NFL) and other North American sporting bodies to reschedule or cancel events for this weekend.

Federal Reserve Chairman Ben Bernanke on Friday stopped short of detailing further action to boost the U.S. recovery but said the central bank would consider what more it could do to fight high unemployment, giving some comfort to investors.

The struggling U.S. economy expanded even more slowly than previously thought in the second quarter of 2011, but a breakdown of the growth suggested a new recession could be avoided.