MARKETS / FINANCE

The U.S. pursuit of offshore tax evaders is widening to include Israel, where U.S. authorities are scrutinizing three of Israel's largest banks over suspicions their Swiss outposts helped American clients evade taxes, people briefed on the matter said.

Swiss bank UBS said it had lost around $2 billion due to rogue dealing by a London-based trader at the Swiss bank and police said they had arrested a man on suspicion of fraud.

A criminal investigation involving eBay is a game changer that should slow Craigslist's attempts to obtain documents and depositions in a parallel civil case, an eBay lawyer said in court.

Europe must take immediate and decisive action to safeguard its banking system, while the U.S. economy is at stall speed and needs a dose of fiscal stimulus, top bankers and investors said on Thursday.

The jury has reached a verdict in a courtroom battle between Trust Company of the West and former investment chief Jeffrey Gundlach, concluding a six-week trial that has transfixed the financial industry.

Commonwealth Bank of Australia appointed several top executives on Friday, including a key Credit Suisse dealmaker, highlighting its efforts to acquire top talent under its new chief executive.

Troubled euro zone banks probably need more aggressive capital injections to get through turmoil caused by Europe's worsening debt crisis, top investors said at a Bloomberg Markets 50 Summit on Thursday.

Here is the list of a few features that the smartphone will not arrive with although they are deemed necessary.

To see why Bank of America Corp can cut 30,000 jobs from its consumer banking business, just stop by one of the 14,000 new automatic teller machines it has installed over the last three years.

Hewlett-Packard Co and top executives misled investors for months before unveiling a series of major decisions, such as the demise of the TouchPad, that hammered its shares, a shareholder alleged in a proposed class-action lawsuit filed this week.

Netflix Inc cut its third-quarter forecast by 1 million U.S. subscribers, sending its shares down nearly 19 percent, as the company known for rapid growth expects more fallout from a price increase on its DVD service.

THE ISSUE: Netflix Inc, one of the most closely-watched momentum stocks, dropped nearly 20 percent on Thursday. Is it time to buy 'bargain' shares in the fast-expanding web video service?

Investors pushed stocks higher for a fourth day on Thursday as coordinated central bank action encouraged optimism about dealing with the euro zone debt crisis and its threat to the global recovery.

Stocks rose for a fourth day on Thursday as coordinated central bank action calmed fears that Europe's financial sector was headed for a credit freeze due to the region's sovereign debt crisis.

To see why Bank of America Corp can cut 30,000 jobs from its consumer banking business, just stop by one of the 14,000 new automatic teller machines it has installed over the last three years.

EBay Inc unveiled new PayPal technology to more than a hundred big retailers this week as the e-commerce company tries to take its big online payments business into the physical world.

Google Inc's Japanese unit will launch an online search service on Friday that will display the prices and availability of products at stores near the shopper's location, the Nikkei business daily reported.

A U.S. judge will allow the bulk of Oracle Corp's copyright infringement claims against Google Inc over the Java programing language, according to a court ruling on Thursday.

European Central Bank Executive Board member Juergen Stark stuck to his position that personal reasons were behind his decision to resign from the central bank, but declined on Thursday to give details about the decision.

Gold and silver prices moved higher late Thursday after posting big losses in the New York futures market.

If you want to manage all of your money and all of your monthly payments in one convenient online place, you're pretty much out of luck.

Thursday's move by major central banks to prevent a worsening of the European sovereign debt crisis unleashed a flurry of protective put selling across a broad spectrum of U.S. exchange-traded funds.

Google Inc and authors and publishers groups have about nine more months to untangle their six-year-old legal dispute over plans to create the world's largest digital library, a federal judge said on Thursday.

House Speaker John Boehner, R-Ohio, on Thursday wasn't bashful and certainly wasn't partisan about what he thinks Congress' bipartisan super committee, tasked with finding $1.5 trillion in additional deficit reduction, should do to achieve that goal.

United Parcel Service Inc Chief Executive Scott Davis said the world's largest package delivery company is on track for record results this year in the face of the economy's bumpy ride and expectations for sluggish economic growth.

Morgan Stanley Chairman John Mack, whose sharp elbows and aggressive cost-cutting tactics earned him the nickname Mack The Knife, will step down at the end of the year, fully handing the reins to Chief Executive James Gorman.

JPMorgan Chase & Co was sued by Wells Fargo & Co , which seeks to force it to buy back more than 800 soured mortgage loans that it oversees as trustee.

Fifteen Democratic lawmakers asked the Obama administration on Thursday to approve AT&T Inc's proposed purchase of T-Mobile USA.

United Parcel Service Chief Executive Scott Davis said the world's largest package delivery company is on track for record results this year even in the face of the economy's bumpy ride.