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Bank of America added nearly 8,000 customers to the ranks of borrowers modifying mortgages under a government program in the latest month.

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.

A federal judge released a scathing report on Lehman's collapse that raps executives, auditor Ernst & Young and banks for lapses that sparked bankruptcy.

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.

Charles Schwab warned first-quarter earnings will fall short of fourth-quarter levels as the brokerage said February trading fell 14%.

Two U.S. initial public offerings fell on their debuts, underscoring the uncertainty surrounding the new-issues market.

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.

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.

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.

The resolution comes after months of discussion with Kenneth Feinberg. And GMAC's chief may not get any 2010 compensation.

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.

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.

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.

Farallon Capital is shrinking and reorganizing as the giant hedge-fund firm emerges from the rockiest period in its 24-year history.

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.

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.

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.

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.

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.

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.