BofA to test overdraft program, cut branches
Bank of America Corp will test an overdraft program in the first quarter of next year, allowing customers to accept an overdraft fee when a debit transaction is turned down, a company executive said on Friday.
Stealth Helicopter Used In Bin Laden Raid
At least one of the helicopters used in the raid on Osama bin Laden's compound might have been a new stealth design, according to several reports emerging from the scene.
Last Pass: Overreaction or Compromised Database?
Last Pass says it may have overreacted to an anomaly in its network traffic log, but one security firm isn't so sure.
Wall Street jumps on jobs data, but caution remains
An unexpectedly strong U.S. payrolls report propelled stocks higher on Friday one day after a selloff, but investors were wary that the market's months-long rally may be near a peak.
SEC in JPMorgan talks, subpoenas Credit Suisse
JPMorgan Chase & Co is in advanced discussions with the U.S. Securities and Exchange Commission to resolve a probe into its role in selling collateralized debt obligations, the bank said.
Downturn hands Glencore investors pricing power
European mutual fund managers sense an opportunity to drive down the price of Glencore International's bumper $11 billion listing, as fears of slowing global economic growth rattles commodity markets.
Spanish recovery still too modest for comfort
Spain's economic recovery remained fragile at the start of the year, despite a pick up in exports and more people coming to its beaches, and doubts persist over the country's ability to grow fast enough to reduce its debt burden.
U.S. targets bankers in HSBC laundering probe: source
ST. LOUIS, May 5 - The Justice Department's money-laundering probe against banking giant HSBC Holdings Plc is looking at possible prosecution of individual bankers, a source close to the investigation said on Thursday.
Snap Analysis: Jobs report shows strength with a caveat
The U.S. private sector in April generated the most jobs since February 2006, but the jobless rate jumped back up to 9 percent from the previous month's 8.8 percent.
Jobs Report: Faster Job Growth Needed, Tax and Spend Battles Loom
The White House and Republicans agreed on Friday that jobs growth is not coming quickly enough despite the latest report showing that private sector jobs growth has continued to growth for the last 14 months.
Oil rebounds $3 after 10 percent drop
Oil prices rose on Friday, bouncing up $3 in a slight rebound from a 10 percent crash the previous session.
Will Apple launch an iOS-based ARM powered laptop?
Apple plans to start planting ARM processors in laptops which would usher in a departure from Intel chips which currently power its MacBook Pros.
Happy 50th birthday, George Clooney! [PHOTOS]
Happy Birthday, George Clooney! The original sexiest man alive turns 50 today.
FBI Raids Suspected Base Of Gene Simmons Hackers
The Federal Bureau of Investigation has raided a house near Tacoma, Washington in search of hackers who went after a really big target: legendary rocker Gene Simmons.
Damages claims hang over Glencore as IPO looms
Commodities trader Glencore is being pursued for as much as $900 million in damages through lawsuits including a long-running U.S. case linking it to pollution in the U.S. Virgin Islands.
Private sector hiring hits 5-year high in April
U.S. private employers shrugged off high energy prices to add jobs at the fastest pace in five years in April, pointing to underlying strength in the economy, even as the jobless rate rose to 9.0 percent.
Wells warns of higher foreclosure suit costs
Wells Fargo & Co on Friday raised its worst-case estimate for litigation losses by 42 percent to $1.7 billion because of its exposure to foreclosure-related legal issues.
Real Madrid - UEFA suspends Mourinho for five games
European football's governing body, UEFA, has suspended Real Madrid manager Jose Mourinho for five games by Uefa with a fine of £44,000, punishing him for his conduct during and after the first leg of his side's Champions League semifinal against Barcelona.
Gap chief designer gets the boot
Gap sacks its chief designer after first quarter figures revealed declining sales.
Oil seesaws on jobs data after early slide
Oil prices seesawed on Friday turning positive on better than expected U.S. jobs data, which eased fears about global economic recovery that led to a 10-percent price crash the previous day.
SEC head eyes fast traders on crash anniversary
The top U.S. securities regulator on Friday called for a broad reassessment of high-frequency trading on the one-year anniversary of the so-called flash crash of 2010.
Wall Street climbs at open on April payrolls data
U.S. stocks jumped at the open on Friday, cutting weekly losses on the S&P 500 in half, after an unexpectedly strong payrolls report eased fears about the path of the economic recovery.
Indonesia lashes Citi over embezzlement, debtor death
Indonesia on Friday slapped lengthy bans on Citibank's credit card and wealth management businesses over a case of alleged embezzlement and the death of a client following questioning by debt collectors.
Jacob Lusk gets eliminated from “American Idol”
Last night, one of the remaining five contestants was eliminated. The person who received the least amount of votes this week was Jacob Lusk.
Fidel Castro calls Osama Bin Laden's killing an abhorrent deed
Former Cuban President Fidel Castro derided U.S. action that killed Al Qaeda leader Osama Bin Laden calling it an abhorrent deed.
Jobs report 'welcome,' business uncertainty remains, House Speaker says
The latest jobs report released Friday was welcome news but nowhere close to where it should be thanks to tax uncertainty and spending plans being put forward by Democrats in the White House and the Senate, House Speaker John Boehner said.
Sony CEO apologizes to gamers
Sony Chief Executive Officer Howard Stringer apologized to users of its PlayStation Network and other online services, breaking his silence on the biggest Internet security break-in ever.
Manchester United Vs Chelsea - 'We frighten Chelsea' says Nani
Contributing the inevitable mind games, United midfielder Nani has claimed that the prospect of playing Manchester United at Old Trafford will frighten Chelsea
Wall Street set for higher open on payrolls data
U.S. stocks were set for a higher open on Friday, putting the S&P on track to snap a four-day losing streak, after an unexpectedly strong payrolls report eased fears about the path of the economic recovery.
Economy posts largest job gains in 11 months
U.S. private employers shrugged off high energy prices to add jobs at the fastest pace in five years in April, pointing to underlying strength in the economy, even as the jobless rate rose to 9.0 percent.