Federal Reserve Vice Chairman Stanley Fischer said a council of financial regulators established by the Dodd-Frank Act may need more authority to help guard against threats to the banking system.
The organization said it will open a local chapter to represent workers at Volkswagen's only U.S. plant, in Chattanooga Tennessee.
Marcus Lemonis, a local investor and star of CNBC reality show "The Profit," is near a deal to resurrect Crumbs gourmet cupcake stores, CNBC reported.
TRW Automotive Holdings of Livonia, Mich., confirmed that a company it didn't name has proposed acquiring TRW, biggest maker of auto safety components.
Renewed concerns over the stability of European banks sent gold prices up Thursday. News that one of Portugal's biggest financial firms missed a debt payment hit stock markets in Europe, raising worries about the region's banks.