MRU Holdings Inc., a student lender operating under the name MyRichUncle, said Monday it priced a $140 million asset-backed securitization.

German health care group Fresenius plans to buy APP Pharmaceuticals in a $3.7 billion deal to expand into the North American intravenous generic drugs market.

Wall Street is bracing for a big round of second-quarter earnings reports that few expect to deliver good news for the state of corporate America.

U.S. banks' trading profits fell 84 percent in the first quarter as they continued to be slammed by losses on mortgage-linked securities and other complex financial instruments.

The pace of the mortgage industry's efforts to assist troubled borrowers declined in May, as critics questioned lenders' progress in aiding U.S. homeowners facing foreclosure.

The Dow Jones Industrial Average shed 1.5 percent, ending the day firmly in bear-market territory. GM took a hit as one analyst raised the prospect of bankruptcy. Lehman Brothers rose.

The pace of the mortgage industry's efforts to assist troubled borrowers declined in May, as critics questioned lenders' progress in aiding U.S. homeowners facing foreclosure.

Merrill Lynch may incur $5.8 billion of writedowns in the second quarter, said Oppenheimer analyst Meredith Whitney, who also forecast a loss for the world's largest brokerage for the period.

(Reuters) - Citigroup Inc <C.N> may write down $8.7 billion and Merrill Lynch & Co Inc <MER.N> $4.5 billion in the second quarter, according to analysts at UBS, who also forecast a second-quarter and full-year loss for both companies.

Citigroup Inc <C.N> may write down $8.7 billion and Merrill Lynch & Co Inc <MER.N> $4.5 billion in the second quarter, according to analysts at UBS, who also forecast a second-quarter and full-year loss for both companies.

U.S. Treasury Secretary Henry Paulson said on Wednesday that high oil prices, further home price declines and capital markets turmoil will prolong the American economy's slowdown.

Stocks coasted to a positive finish, fueled by better-than-expected sales from General Motors, short covering and a pop in a manufacturing gauge, in what was a rollercoaster start to the first half.

The market may be headed south, but that doesn't mean your portfolio has to follow suit.  To give investors an edge, CNBC asked the market experts for their best stock picks now.

It was a rocky start to the second half for Wall Street as the market digested a mixed bag of auto sales, a $2 jump in oil prices and an encouraging reading on manufacturing.

Standard & Poor's on Tuesday lowered its outlook on diversified banks and other diversified financial services companies to "Negative" from "Neutral," warning that some may need to cut dividends and raise additional capital to cover mounting loan losses.