BofA Boosts Mortgage Modifications

Wall Street Journal - 26 min 13 sec ago
Bank of America added nearly 8,000 customers to the ranks of borrowers modifying mortgages under a government program in the latest month.
Categories: Business

AnnTaylor Swings to Profit

Wall Street Journal - 36 min 52 sec ago
AnnTaylor Stores eked out a surprise profit in its latest quarter as a sales decline stabilized and it cut back on discounting. The women's clothing retailer forecast a return to sales gains this year.
Categories: Business

Examiner: Lehman Torpedoed Lehman

Wall Street Journal - 37 min 7 sec ago
A federal judge released a scathing report on Lehman's collapse that raps executives, auditor Ernst & Young and banks for lapses that sparked bankruptcy.
Categories: Business

South Africa Defends Bid for Loan

Wall Street Journal - 38 min 15 sec ago
South Africa defended an application for a $3.75 billion loan from the World Bank, hitting back at criticism the money will fund a power station and increase the country's carbon emissions.
Categories: Business

Schwab Issues Profit Warning

Wall Street Journal - 47 min 55 sec ago
Charles Schwab warned first-quarter earnings will fall short of fourth-quarter levels as the brokerage said February trading fell 14%.
Categories: Business

Crude Carriers, Aveo IPOs Fall

Wall Street Journal - 56 min 29 sec ago
Two U.S. initial public offerings fell on their debuts, underscoring the uncertainty surrounding the new-issues market.
Categories: Business

Pink Floyd Wins Downloads Suit

Wall Street Journal - 1 hour 7 min ago
Britain's High Court has ordered record company EMI to stop selling downloads of Pink Floyd tracks individually rather than as part of the band's original albums.
Categories: Business

MGM Mirage to Sell Borgata Stake

Wall Street Journal - 1 hour 10 min ago
Casino operator MGM Mirage agreed to sell its 50% stake in the Borgata Hotel Casino in Atlantic City in a settlement with New Jersey gambling regulators.
Categories: Business

British Airways Crew to Strike

Wall Street Journal - 1 hour 11 min ago
The union representing British Airways cabin crew announced that strikes will take place later this month after the U.K. airline and union leaders failed to reach a last-minute deal on changes to working practices.
Categories: Business

AIG Workers to Give Up $45 Million

Wall Street Journal - 1 hour 21 min ago
The resolution comes after months of discussion with Kenneth Feinberg. And GMAC's chief may not get any 2010 compensation.
Categories: Business

Hearst Tries Hand at Apps

Wall Street Journal - 1 hour 46 min ago
Publishing company Hearst is jumping into the business of developing software applications, or "apps," for the iPhone, targeting information for music, sports and food fans.
Categories: Business

Google Nears Decision on China Censoring

Wall Street Journal - 2 hours 3 min ago
Google could stop censoring its Web-search results in China within weeks, said people familiar with the matter, but the company isn't likely to withdraw from the country entirely.
Categories: Business

Avastin Fails Prostate-Cancer Trial

Wall Street Journal - 2 hours 24 min ago
Roche said its Avastin product didn't live up to expectations in a late-stage prostate cancer study, dealing a blow to the drug's prospects of becoming a universal cancer treatment.
Categories: Business

Farallon Regroups After Fall

Wall Street Journal - 2 hours 31 min ago
Farallon Capital is shrinking and reorganizing as the giant hedge-fund firm emerges from the rockiest period in its 24-year history.
Categories: Business

Pfizer Disappointed by Study Results

Wall Street Journal - 3 hours 23 min ago
Pfizer ended a Phase III trial for its experimental lung-cancer drug and said two studies of its advanced breast-cancer drug failed to meet their primary endpoints.
Categories: Business

Guangdong Bank to Pursue IPO

Wall Street Journal - 4 hours 34 min ago
The Chinese lender, in which Citigroup has a 20% stake, said it will pursue an initial public offering to help finance its rapid expansion in the next few years.
Categories: Business

KKR Begins U.S.-Listing Process

Wall Street Journal - 4 hours 47 min ago
KKR made its initial filing with the SEC as the private-equity giant moves ahead with plans to have its units listed on the New York Stock Exchange.
Categories: Business

UBS Lobbies for Swiss-U.S. Deal

Wall Street Journal - 5 hours 18 min ago
UBS has stepped up its lobbying efforts for a U.S.-Swiss tax deal over confidential bank data, urging parliamentary representatives to vote for the passage of the deal.
Categories: Business

Air China to Raise $952 Million

Wall Street Journal - 9 hours 30 min ago
The carrier plans to use the proceeds from the share sale to replenish its working capital as Chinese airlines push to capitalize on booming domestic demand.
Categories: Business

India's ONGC in Talks With Russia

Wall Street Journal - 9 hours 47 min ago
India's state-run Oil & Natural Gas Corp. is in talks with Russian oil majors OAO Gazprom, OAO Rosneft and Sistema to explore oil and gas opportunities in Russia.
Categories: Business
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