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Bank Chiefs Call for Change, Defend Own Practices

Leaders of four of the biggest U.S. banks will call for regulatory changes such as lower leverage and better consumer protection in testimony Jan. 13

Stocks on the Move: Baidu, Kraft, Rio Tinto

Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses. Prices are as of 7:45 a.m.

U.S. Stocks Fall, Snap Six-Day Rally

The S&P 500 retreated for the first time this year, after Alcoa's earnings trailed estimates and China moved to cool economic growth

Stocks on the Move: Cirrus, MGM, Supervalu

Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 11:05 a.m. in New York.

Stocks on the Move: Alcoa, Emulex, Infosys

Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 9:45 a.m. in New York.

Structuring New Fees Could Be Tricky

President Barack Obama plans to raise as much as $120 billion through a fee on financial institutions to help recoup losses from the Troubled Asset Relief Program and reduce the deficit, according to an administration official.

U.S. Stocks Advance a Sixth Day

U.S. stocks advanced, sending the Standard & Poor’s 500 Index higher for a sixth day, as Alcoa Inc. gained before reporting results and record Chinese imports added to evidence that the global economy is gathering pace.

Alcoa Profit Trails Estimates

Alcoa Inc., the largest U.S. aluminum producer, reported fourth-quarter profit that trailed analysts’ estimates as the company faced higher energy and currency costs.

Cuomo Seeks Bonus Data From Bailed-Out Banks

New York Attorney General Andrew Cuomo’s office demanded information on executive pay from Bank of America Corp., Goldman Sachs Group Inc. and six other U.S. financial institutions that received taxpayer bailout funds.

U.S. Stocks Fluctuate

U.S. stocks swung between gains and losses as Venezuela’s devaluation of the bolivar drove down consumer shares, while Alcoa Inc. rallied amid optimism about corporate earnings in the fourth quarter.

Obama Said to Consider Fee on Banks

The White House is considering a fee on financial services companies as a way to cut the federal deficit

Stanley Sees Fed Raising Key Rate to 3% by End 2010 (Update1)

The Federal Reserve will have to raise its benchmark interest rate to 3 percent by the end of the year to combat inflation, said Stephen Stanley, chief economist at RBS Securities Inc. in New York.

Citigroup, Marshall & Ilsley Post Biggest S&P Drops (Update2)

Citigroup Inc. and Marshall & Ilsley Corp. were among the worst performing stocks in the Standard & Poor’s 500 Index this year, dragged down by souring commercial and residential property loans that may extend the declines into 2010.

Japan Air Plunges Amid Bankruptcy Fears

Japan Airlines Corp., Asia’s biggest carrier by sales, plunged to a record in Tokyo trading after reports the carrier may enter bankruptcy proceedings led investors to sell shares on the year’s last trading day.

GMAC Said to Discuss $3 Billion or More in U.S. Aid

GMAC, the home and auto lender that counts the U.S. government as the largest stakeholder, is discussing with the Obama administration a third bailout of $3 billion to $4 billion

Treasuries Little Changed After $42 Billion 5-Year Note Sale

Treasuries were little changed after the government sold a record-tying $42 billion of five-year debt, the second of three note sales this week totaling $118 billion.

Biggs, Faber Predict Dollar Rally as S&P 500 Surges

Barton Biggs and Marc Faber, who recommended buying stocks in March when investors were dumping them, are again united as they predict gains for U.S. equities and the dollar

Bear Stearns Staff Parties On

Staffers of the collapsed investment bank reunited at a velvet-roped bar that sells bottles of Cristal champagne for $450

SEC Suit: Sanofi Bid for Chattem Leaked to French Investors

Sanofi-Aventis SA’s $1.9 billion bid for Chattem was leaked in advance to two French investors who reaped $4.2 million by making illegal insider trades, U.S. regulators claim in a lawsuit

This Week's Top 10 Videos

Miss out on business news this week? Fret not. Here are the top 10 most-viewed videos from this week:

10 stocks to watch this week

Freeport-McMoRan Copper & Gold, one of the world's largest mining companies, appears on an MSN Money list of recommended stocks.

40 ways to save on almost anything

Save thousands of dollars with these easy tips to trim expenses on food, utilities, travel, entertainment, investing and more.

End in sight, health care battle tilts Obama's way

One by one, House Democratic fence-sitters began choosing sides Friday, and the long, turbulent struggle over landmark health care legislation tilted unmistakably in President Barack Obama's direction.

Petrobras' Chairman To Step Down -- Reports

Regulators shut 7 banks in 5 states; 37 in 2010

Regulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year. The closings follow the 140 that succumbed in 2009 to mounting loan defaults and the recession. The Federal Deposit Insurance...

Federal Deposit Insurance Corporation - United States - Bank failure - Bank - Business