Bank of America Corp's consumer banking chief, tipped to be a leading candidate to replace outgoing CEO Kenneth Lewis, said he is keen to take the top job, but will stay on if he misses out on it.

Nearly a year after leaving Bank of America under a cloud of controversy involving massive losses, executive bonuses, and lavish office decorating, former Merrill Lynch CEO John Thain is set to emerge from his self-imposed seclusion Thursday at a hedge fund event in Greenwich, Conn.

Former Hewlett-Packard CEO Carly Fiorina says she'll run for the U.S. Senate seat held by California incumbent Barbara Boxer.

The formula to determine Goldman Sachs' executive bonuses will be decided by mid-December, sources familiar with the matter told CNBC, and will set a precedent for other investment companies to follow.

The U.S. Federal Reserve is communicating to large banks its expectations and plans for rules to tailor pay for executives and key employees to risk, Fed Reserve Governor Daniel Tarullo said on Monday.

Business air traffic is starting to stabilize, said Larry Kellner, CEO of Continental.

Robert McCann, the former head of Merrill Lynch's brokerage unit, was named the head of UBS's private client group.

The CNBC European Business Leaders Awards, created to identify and honor CEOs who are making a difference through leadership and innovation, enters its seventh year in 2010.

Pfizer's acquisition of Wyeth will add to the pharmaceutical giant's diversity, which over time will help boost the company's stock, CEO Jeff Kindler told CNBC Tuesday.

The Federal Reserve should raise interest rates now or the US economy will be faced with another bubble, Barron's warned in its cover story; but analysts say this will not happen.

Despite recent warnings that the rally may be over, stock markets face a "meltup" as institutional investors will now feel obliged to buy to deliver returns, Philippe Gijsels, senior equity strategist at Fortis, told CNBC Monday.

The decade that brought us the Enron scandal, the Madoff scandal, the subprime scandal, the Stanford scandal and the great bailout scandal has just two months to run and we have another scandal, the Rajaratnam scandal.

It's National Boss Day. Ideally it's a time for employees to thank their supervisors and superiors for being kind and fair. More often than not these days the secular holiday is viewed with cynicism and disdain; another marketing ploy by greeting card companies to fuel their business.

Embattled Bank of America CEO Ken Lewis agreed to give up his $1.5 million salary and other compensation for 2009. Lewis will repay the bank the more than $1 million that's been paid to him so far this year.