Bank of America Corp. said Wednesday it is selling the long-term asset management business of one of its units to Ameriprise Financial Inc.
Charles Gordon says he's always wanted to run his own business. But the Sacramento man had a solid career in information technology, and with it, security.
Since February, when the government launched a Web site, Recovery.gov, to provide a window on the federal stimulus package, critics have been calling for a makeover.
JPMorgan Chase & Co. said Tuesday it is shuffling the management duties of its investment banking and asset management units.
Federal regulators expect bank failures to cost the deposit insurance fund about $100 billion in the next four years and the fund to fall to a negative balance this month.
Investors are just not sure where the economy is headed. And so the stock market may be in limbo for a while.
The recession has stripped millions of workers of jobs, putting many behind on bills and damaging their credit records.
Xerox Corp. has agreed to buy Affiliated Computer Services Inc. for about $5.75 billion in cash and stock in a deal that will boost the size of its document management business and take it another step away from its roots as a printer company.
Abbott Laboratories is buying the pharmaceutical business of Belgian chemicals maker Solvay for $6.6 billion in a move to further expand internationally and add to its product portfolio.
On the day 19 years ago that Bill Owens bought his Lexus, the saleswoman assured him it would be good for 500,000 miles.