Wells Fargo & Co agreed to pay a $85 million civil penalty to the Federal Reserve Board for allegedly steering borrowers into costly subprime mortgages, the largest fine the Fed has ever imposed in a consumer-enforcement case.
EBay Inc's PayPal business has become one of the largest online payment systems, but its now heading offline, Chief Executive John Donahoe said in the wake of the e-commerce company's quarterly results on Wednesday.
Rates for cybersecurity insurance edged lower in the last few months despite surging demand, as heavy competition brewed among insurers rushing into the market in search of the next profitable product, insurance brokers Marsh said on Wednesday.
EU leaders must find a convincing solution to Greece's debt crisis at a summit on Thursday or the global economy will pay the price, the head of the European Commission said in an unusually somber warning.
New software for screening travelers at U.S. airports will do away with naked images, addressing a major public concern, the Transportation Security Administration said on Wednesday.
Sales of previously owned U.S. homes hit a seven-month low in June as demand for condominiums fell and contract cancellations surged, dampening hopes the distressed housing market was starting to improve.
Seventeen people were indicted on Wednesday on charges of running a high-end prostitution ring that catered to Wall Street clients who often spent more than $10,000 in a night, authorities said.
EBay Inc on Wednesday reported that its second-quarter results were dented by acquisition costs, and the e-commerce company forecast third-quarter profit just below analyst forecasts, sending shares 1 percent lower.
The agency that regulates national banks issued a final rule on Wednesday rejecting claims that it is seeking to keep too much power to block states from enforcing consumer laws over large banks.
Stocks closed near unchanged on Wednesday, a day after Wall Street's best rally since March, as the oncoming debt ceiling deadline overshadowed strong earnings from Apple Inc.
Narrower loan margins may cut into the profits of three large U.S. regional banks even as they make more loans.
EBay Inc reported better-than-expected quarterly results on Wednesday as the company's main online Marketplace business showed signs of a turnaround and its PayPal unit continued to grow quickly.
Stocks closed near unchanged on Wednesday, a day after Wall Street's best rally since March, as the oncoming debt ceiling deadline overshadowed strong earnings from Apple Inc.
E*Trade Financial Corp reported a rise in second quarter profit on Wednesday as loan-loss provisions at the online U.S. broker dropped.
Groupon Inc's rapid growth has attracted rivals and regulators, a twin threat to the largest online daily deal company as it gets ready for an initial public offering.
Shares of real estate and housing data company Zillow Inc tripled in value on their debut, after pricing above their expected range, as investors buoyed by a wave of successful internet IPOs shrugged off its ties to a weak housing market.
The next head of Verizon Communications expects U.S. regulators to approve rival AT&T Inc's proposed $39 billion purchase of T-Mobile USA due to the company's need for more wireless airwaves.
Michael Lee Johnson, whose Google+ (or Google Plus) ad was banned by Facebook last week, has responded by deleting his Facebook profile.
Fitch Ratings said on Wednesday it will decide next month whether the United States deserves to keep a stable outlook on its AAA credit rating as it concludes a review of the country's economic and fiscal outlook.
Stocks hovered close to the break-even point on Wednesday, with technology shares falling as Apple's blowout quarter failed to entice more buying after Wall Street's best day since March.
Sales of previously owned homes unexpectedly fell in June to touch a seven-month low as cancellations of pending contracts surged, an industry group said on Wednesday.
A New York judge approved a deal on Wednesday that will allow Lehman Brothers Holdings Inc to present its latest bankruptcy exit plan without opposition from two key creditor groups, moving the failed investment bank an inch closer to ending the biggest bankruptcy in U.S. history.
BlackRock Inc , the world's largest money manager by assets, marshaled a rapidly growing list of fund styles and asset classes to post a 43 percent jump in second-quarter profit, topping expectations.
Sales of previously owned homes unexpectedly fell in June to touch a seven-month low as cancellations of pending contracts surged, an industry group said on Wednesday.
Stocks dipped on Wednesday, with technology shares falling as a blowout quarter from Apple failed to entice more buying after Wall Street's best day since March.
Sales of previously owned homes unexpectedly fell in June to touch a seven-month low as cancellations of pending contracts surged, indicating continued weakness in the housing sector.
Yahoo Inc plugged some of the holes that were weakening its Internet search business in the second quarter, but revealed new challenges that hurt its display advertising business.
BlackRock Inc , the world's largest money manager by assets, marshaled a rapidly growing list of fund styles and asset classes to post a 43 percent jump in second-quarter profit, topping expectations.
Sock index futures pointed to a higher open on Wednesday as continued strong earnings, including from Apple Inc
, underscored the growing sense companies were faring well despite the soft patch in the economy.Applications for home mortgages surged last week, racking up the biggest increase in four months on a flood of refinancing demand as interest rates remained low, an industry group said on Wednesday.
