Associated Press
Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two years ago, collected outsized fees from borrowers facing foreclosure.
The euro is lower against the U.S. dollar following Moody's decision to downgrade Greece's credit rating to "junk" status.
U.S. markets gained ground in morning trading after European markets rebounded from an early slide and the euro strengthened.
A pair of Nebraska investors have filed a class-action lawsuit against LPL Financial, saying that one of the company's brokers misled them about the costs and benefits of annuities.
Fund manager sees 65% boost in profits in the first quarter -- thanks to rising stock prices, positive asset flows
Stocks are falling after a surprise increase in new claims for jobless benefits and a weaker regional manufacturing report raised concerns about the economy.
A former executive with Wachovia has pleaded guilty in federal court in North Carolina to charges involving the embezzlement of more than $11 million from the bank.
Stocks pointed to a lower open Wednesday after FedEx Corp.'s profit forecast fell short of expectations and as traders awaited reports on housing starts and industrial production.
Total money market mutual fund assets rose by $740 million to $2.841 trillion for the week, the Investment Company Institute said Thursday.
Financial advisers find themselves dispensing calming words and holding hands with uneasy investors as the stock market extends its biggest decline in more than a year.
