Mitsubishi UFJ Financial Group reported a 53 percent jump in fiscal first half profit and disclosed plans to raise up to $11.2 billion as Japan's biggest bank seeks to shore up its balance sheet.

The value of loans held by the largest banks who received the largest amounts of government bailout support fell for an eighth consecutive month in September, according to the Treasury Department.

Fortinet Inc. plans to go public Wednesday in an initial public offering, giving investors a chance to tap a network security provider with sales expected to grow.

United Airlines parent UAL Corp. said Tuesday it priced $810 million in notes that it will use partly to pay off old debt.

Lazard Ltd. on Tuesday appointed Kenneth M. Jacobs as CEO and chairman, choosing a longtime executive at the investment advisory firm to fill vacancies from last month's sudden death of Chairman and CEO Bruce Wasserstein.

By Joan Gralla

Flu drug developer BioCryst Pharmaceuticals Inc. said Tuesday it plans to sell as many as 5.75 million new shares of stock.

By Edward Taylor and Krista Hughes

Bristol-Myers Squibb Co. is splitting off its holdings in infant formula maker Mead Johnson Nutrition Co. in order to focus on its biopharmaceutical business.

Morgan Stanley's brokerage unit is getting more aggressive in trying to lure financial advisers as the wider retail brokerage job market heats up.

Morgan Stanley is seeking a buyer for its 34 percent stake in investment bank China International Capital Corp, Wei Sun Christianson, the U.S. bank's China chief executive, said on Monday.

One of the federal government’s most opaque methods for bailing out the banking system allowed a handful of giant institutions to save up to $25 billion on their borrowing costs, a Congressional panel estimated on Friday.

The nation's biggest banks face a February deadline for submitting employee compensation plans to the Federal Reserve, according to people with knowledge of the process.

Singapore said its economy would expand as little as 3 percent in 2010, well below the high growth rates of past years because of a sluggish recovery in the U.S. and other developed countries.

Bill Dudley, president of the New York Federal Reserve, summoned 28 CEOs of the nation’s top banks toon Monday to reinforce the principles that were outlined in a proposal by the Fed on compensation issued on October 22.