Wells Fargo reported a 23 percent jump in first-quarter profit on Friday as the bank set aside less money to cover bad loans and it held down costs.
Blackstone Group is talking to three private equity firms about investing in J.C. Penney and in discussions with banks about making a $500 million or greater loan to the struggling retailer, which would be secured by inventory, according to a source.
Wells Fargo executives have conceived a new vision for its branches—smaller to scale, but still full-service.
Retail sales slid in March even though producer prices recorded their biggest drop in 10 months as the cost of gasoline tumbled
Immigration requirements in the emerging Senate bill could end up excluding hundreds of thousands from the path to citizenship, a Senate aide said.
JPMorgan Chase reported quarterly profit that topped analyst expectations and increased its dividend, but shares dipped as loan growth slowed and net revenue fell.
If the Masters golf tournament is any indication of how the U.S. economy is faring, then things seem to be looking up. At least for some.
Scott London, former auditor at KPMG who was fired and arrested this week amidst allegations of insider trading, has been released on a $150,000 bail.
Nasdaq OMX Group said it slashed the 2012 annual bonus of Chief Executive Robert Greifeld by $542,100 over the botched handling of Facebook's initial public offering last year.
Troubled J.C. Penney has hired Blackstone financial advisory arm to explore how best to position the firm financially, three sources said on Thursday.
The Bank of Japan's monetary bazooka has investors bracing for a flood of liquidity into risk assets. It may not happen, analysts say.
The value of Bitcoin continued to plunge as trading resumed at Mt Gox, the world's largest virtual currency exchange.
Economic pressures rather than moral values are thought to be the principal US problem, a new NBC/WSJ poll finds.
The U.S. investment bank has added to the exuberance over Tokyo markets, upgrading its 12-month target for stocks on expectations of bumper earnings growth.
The Gulf Coast is becoming to oil production what Apple is to the technology sector: a dominant player beset by upstarts.
U.S. prosecutors in California filed criminal charges against Scott London, a former senior auditor at KPMG in Los Angeles, of conspiracy to commit securities fraud.
One reason the market rally has been so durable is many investors have been slow to return. But have the bears run their course?
President Obama submitted a 244-page budget proposal. The Fiscal Times dug through and found five critical—but easily overlooked—takeaways. Here they are.
The gusher of cash from the Fed explains why prices for everything from 1950s Ferraris to Brazilian farmland to old U.S. stamps are surging.
Insider selling at the biggest tech companies hit a record pace over the last six months even as investors snatched up shares, pushing the Nasdaq Composite Index to a 12-year high.