Bank of America has agreed to pay nearly $17 billion to settle federal and state allegations it sold risky, mortgage-backed securities to investors before the national financial crisis, a person familiar with the matter said Wednesday.
A Chinese manufacturing gauge fell more than analysts estimated in August as a credit slowdown and property slump add to risks the world's second-largest economy will miss its growth target this year.
Federal Reserve Chair Janet Yellen speaking at the International Monetary Fund in July. Then, Yellen said she doesn't see a need for the Fed to start raising interest rates to address the risk that extremely low rates could destabilize the financial system.
Executives sounded upbeat about a strong start to the back-to-school shopping season Wednesday as they discussed the retailer's latest quarterly results.
This Wednesday, the international shipping company UPS admitted that 51 of its brick-and-mortar stores in 24 states had been the target of a sophisticated, coordinated POS scam which affected just over 100,000 transactions between the dates of January ...