IBT Staff Reporter

JPMorgan Securities, the brokerage arm of banking giant JPMorgan Chase & Co , is trying to lure advisers from Wall Street rivals with an unlikely pitch: We're actually a small boutique.

Bank of America NA prevented homeowners from receiving mortgage-loan modifications under a federal program in order to avoid millions of dollars in losses while benefitting from financial incentives for participating in the program, according to a complaint unsealed in federal court Wednesday.

The Bank of England left its monetary policy unchanged on Thursday, deciding that February's extra 50 billion pounds ($79 billion) of quantitative easing was enough for now to support the economy through a period of fitful recovery.

The number of planned layoffs at firms dipped in February, with the transportation and consumer products sectors seeing the most job cuts, a report on Thursday showed.

Stock index futures jumped on Thursday after a Greek official reported a strong uptake by investors for a debt swap that faces a deadline later in the day.

The Bank of England left its monetary policy unchanged on Thursday, sticking with February's decision to do an extra 50 billion pounds of quantitative easing to support the economy through a period of fitful recovery.

Franco-Dutch airline Air France-KLM warned that a soaring fuel bill would hit profits this year after it swung to a loss in 2011 and scrapped its dividend.

The Organisation for Security and Cooperation in Europe has urged Tajikistan to end a local shutdown of Facebook and several Russian-language sites that had published material critical of the nation's veteran leader.

The European Central Bank is expected to keep interest rates on hold later on Thursday and signal that it has played its part in fighting the euro zone crisis after unleashing a dramatic sweep of measures that has unsettled some at the bank.

The European Central Bank is expected to keep interest rates on hold later on Thursday and signal that it has played its part in fighting the euro zone crisis after unleashing a dramatic sweep of measures that has unsettled some at the bank.

When concrete-pump maker and symbol of German industrial strength Putzmeister rolled up at Japan's Fukushima last year to help tackle the nuclear disaster, few industry watchers might have guessed it would soon be bought by China's Sany Heavy Industry.

General Motors Co chief executive Dan Akerson said it may be two years before its European division is back in profit as the continent sheds over-capacity the same way the U.S. industry had to over the past half decade.

Chrysler Group LLC's top executive declined a salary and bonus for a second straight year in 2011, when the Detroit automaker repaid more than $7 billion in government loans from its bankruptcy restructuring nearly three years ago.

The Justice Department has warned Apple and five of the biggest U.S. publishers that it plans to sue them, accusing them of colluding to raise the prices of electronic books, The Wall Street Journal said, citing people familiar with the matter.

The Justice Department has warned Apple and five of the biggest U.S. publishers that it plans to sue them, accusing them of colluding to raise the prices of electronic books, the Wall Street Journal said, citing people familiar with the matter.

The U.S. Justice Department has warned Apple and five of the biggest U.S. publishers that it plans to sue them, accusing them of colluding to raise the prices of electronic books, the Wall Street Journal said, citing people familiar with the matter.

Athens' failure to accept Germany's help on reducing bureaucracy and boosting private investment is disappointing, German Economy Minister Philipp Roesler was cited as saying by a newspaper on Thursday.

The head of Qatar Airways, usually one of the aircraft industry's fiercest critics, expressed confidence that Airbus and Boeing would resolve a series of high-profile glitches but warned against further production delays.

Ray Ozzie, the man who succeeded Bill Gates as Microsoft Corp's tech visionary, believes the world has moved past the personal computer, potentially leaving behind the world's largest software company.

Ray Ozzie, the man who succeeded Bill Gates as Microsoft Corp's tech visionary, believes the world has moved past the personal computer, potentially leaving behind the world's largest software company.

The Treasury Department plans to sell $6 billion of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.

The Treasury Department said on Wednesday it will sell $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.

The Treasury Department said on Wednesday it will sell $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.

The Treasury Department plans to sell $6 billion of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.

Beijing and the influential U.S. agriculture department may have overstated China's corn crop by as much as 14 percent, pointing to higher imports from the world's second-largest consumer of the grain that could squeeze already tightening global supplies.

Japan's economy shrank less than initially estimated in the fourth quarter as companies ramped up capital expenditure, but the current account swung to a record deficit in January as a shift away from nuclear power pushes up fossil fuel imports.

Japan's economy shrank less than initially estimated in the fourth quarter as companies ramped up capital expenditure, but the current account swung to a record deficit in January as a shift away from nuclear power pushes up fossil fuel imports.

CalSTRS, the big teachers pension fund in California, said it will vote against Kinder Morgan Inc's roughly $23 billion takeover of El Paso Corp , criticizing the deal's lack of transparency and apparent conflicts of interest.

Leading software and technology companies on Wednesday pressed President Barack Obama's administration for quick action on a new Indian government policy that they said threatens exports to the fast-growing economy.