BofA chief Moynihan may have to unload assets

Latest Business News

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  Trader punks out

  The New York trader accused of threatening to kill 47 financial officials, including the head of the Securities and Exchange Commission, 'fessed up in federal court yesterday, just as opening arguments in his criminal trail were set to start....   1:27 AM
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  J. Lo and Marc walk, but money still talks

  Awkwaaaard! Jennifer Lopez and Marc Anthony are getting divorced, but they're nevertheless going to stick with plans to shoot a reality TV series together, and also launch a pair of clothing lines at Kohl's this fall. In the case of the...   1:24 AM

• Liquidation to close the book on Borders

  Borders is writing its final chapter. The nation's second-largest book retailer, which employs more than 10,000 workers in nearly 400 stores, said...   12:20 AM

• Car ads hitting a bump

  After roaring back from the recession, Madison Avenue is hitting the brakes. Auto advertising, which surged 23 percent year-over-year in the first...   1:24 AM

• Warner debt may prevent EMI deal

  Debt-laden Warner Music may have trouble doing a duet with EMI. Russian-born billionaire Len Blavatnik is financing his $3.3 billion buyout of...   12:22 AM

• Cuban's defense KO'd

  Mark Cuban, the billionaire owner of the Dallas Mavericks, can't argue the Securities and Exchange Commission's insider-trading case against him is...   12:21 AM

• 2nd top UK cop resigns

  A second top police official in London has resigned in the wake of the hacking controversy at the shuttered News of the World -- while Britain's...   12:21 AM

• Hulu's lulu

  Hulu, the online video service, plans to offer suitors five years of access to shows from its media-company owners, including two years of exclusivity,...   12:21 AM

• Business briefs

  Gold $1,600 Investors worried about debt bid gold up $12.30 an ounce yester day to settle at $1,602.40, a record market price. Clorox nix...   1:27 AM

• Ex-commodities broker pleads guilty to death threats

  A former commodities broker pleaded guilty Monday to making threats to kill more than 40 current or former members of the Commodity Futures Trading...  
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  Oppenheimer & Co. set to move to 85 Broad St.

  In another big real estate deal for downtown, Oppenheimer & Co. has leased 270,000 square feet at MetLife-owned 85 Broad St. The firm will consolidate employees from three other locations — 200 Park Ave., where it will keep its space but move some...  

• Mortgage megadeal is still weeks away

  America's biggest mortgage servicers are still weeks from reaching a potential multibillion-dollar deal with federal and state officials to settle the...  
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  UK arrest in hacking scandal

  Rebekah Brooks, who resigned as the head of News Corp.'s UK newspaper unit on Friday, was arrested yesterday amid accusations of widespread phone hacking at the now-shuttered News of the World. Brooks, 43, was arrested by London's Metropolitan...  

• Brainiac business

  Between Lindsay Lohan and Washington gridlock, it's hard to believe there are any brains anywhere. But there are, and we've got the magazines to prove...  
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  Harry's record $pell

  The final "Harry Potter" film has shattered records worldwide, with $168.6 million in US and Canadian ticket sales over the opening weekend and nearly $476 million globally. The staggering domestic total for "Harry Potter and the Deathly Hallows...  
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  Chill factor

  Most popular songs 1. Party Rock Anthem, LMFAO 2. Last Friday Night (T.G.I.F), Katy Perry 3. Give Me Everything, Pitbull 4. Rolling in the Deep, Adele 5. Super Bass, Nicki Minaj 6. Good Life, OneRepublic 7. Tonight Tonight, Hot Chelle Rae 8...  

• Business briefs

  $10B play Banks are clearing their books of as much as $10 billion of commercial property mortgages by packaging the debt as se curities as the...  
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  Bloomberg uses fines, fees as stealth tax on New York City businesses

  It's tough enough to run a restaurant in the city without having to worry about rain runoff. But for Anthony Fasolino, a family member who helps run the kitchen at Yolanda's restaurant near Yankee Stadium in The Bronx, the weather is as costly...  

• Bank earning reports foreshadow layoffs

  After racking up outsized profits as they emerged from the financial crisis aided by billions in bailout money from taxpayers, Wall Street banks are...  

• FaceSoft alliance watch

  They have plenty in common, besides dropping out of Harvard, but the real question is: Will Mark Zuckerberg's relationship with Microsoft founder...  

• Photos take us out to the old ballgame

  John Rogers may be the polar opposite of the paparazzi who race after the latest Brangelina or Lindsay Lohan scandal shots. Instead, he patiently...  

• Deal sites slam

  Emily Donohue went to redeem a certificate she had recently bought for a golf outing through one of those daily deal Internet services, only to...  
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  Employers are saying, 'Sorry, kid, no job here'

  It's a teenage wasteland out there. At least when it comes to employment for those starting out in the job market. "What's important is that we seem not to be shocked by these teenage numbers, but historically they are very high," says Michael...  

• Hedges are clipped

  It appears no one's immune to the housing nightmare, including the tony bastion of hedge funds. Plunging home prices and a dearth of buyers in...