- Bank of America Corp has agreed to pay $131.8 million to settle U.S. Securities and Exchange Commission charges that its Merrill Lynch unit misled investors about mortgage securities it structured and sold.
Recent Business News
MEXICO CITY - Mexico's Congress on Thursday overwhelmingly voted to open up the country's oil and gas sector to private investment in the biggest overhaul of the industry since it was nationalized in 1938.
BEIJING - A China state television investigative report accusing Starbucks of overcharging local customers for coffee triggered enormous disquiet among journalists at the network and even some soul-searching after it aired.
NEW YORK - A former asset management firm analyst testified Thursday that he received detailed tips from a friend at Dell Inc, giving prosecutors a link to show how SAC Capital Advisors portfolio manager Michael Steinberg obtained inside information.
WASHINGTON - U.S. retail sales rose solidly in November, adding to signs of a strengthening economy that could draw the Federal Reserve closer to reducing the pace of monetary stimulus.
The government has started using manual work-arounds for the various software errors that plague HealthCare.gov, as enrollment starts to increase.