Amid all the noise about mortgages in the U.S. going sour and the difficulties banks are having unloading corporate debt, it can be easy to overlook their core business ?plain, old-fashioned deposits.
General Electric Co. disclosed Friday that it widened its internal accounting review to include its health-care and aviation businesses, saying it adjusted earnings for some prior periods as a result.
Next week's batch of third-quarter reports from the major U.S. banks will not really be about the third quarter. It will be about how they are planning to pick up the pieces.
The dollar traded mixed in late New York trading Friday, regaining some ground as investors saw positive September retail sales as a signal of U.S. economic strength.
Gold and silver prices slipped Friday as the dollar strengthened, reinforced by news of a sharp uptick in wholesale price inflation and better-than-expected retail sales.
Biotechnology firm Biogen Idec Inc. said Friday it was exploring a possible sale of the company and already has interest from billionaire investor Carl Icahn, who has recently bought up company shares.
British pharmaceutical maker GlaxoSmithKline PLC has sued to block new patent rules that the company says will harm about 100 of its pending applications for new products.
RENO, Nevada ?A jury has cut nearly $100 million (?70 million) from the compensatory damages it awarded three Nevada woman in a case involving hormone replacement drugs made by Wyeth Pharmaceuticals.
A federal judge set bond at $1.5 million (?1.06 million) Friday for the co-founder of a prestigious New York law firm who was indicted in a major class-action kickback scheme.
The main planks of the United Auto Workers union's deals with General Motors and Chrysler will help Ford Motor Co. become more competitive, its chief executive Alan Mulally said.
Retail sales in the U.S. posted a stronger-than-expected gain in September, easing fears about a possible recession, while a big surge in gasoline costs pushed wholesale inflation higher.
