Galleon Boss Spun Network Into Empire

An examination of Raj Rajaratnam's career reveals how he persuaded executives at some of America's most prominent companies to risk their careers by passing corporate secrets.

Departing AIG Counsel Gets Millions

AIG will pay Anastasia Kelly several million dollars in severance benefits after she resigned because of federal pay curbs.

Morgan Stanley to Overhaul Pay Plan

Morgan Stanley is poised to overhaul the way it pays its most senior executives, deferring more of their compensation over time, and benchmarking their pay against rival firms.

New BofA CEO Seeks Credit-Card Fix

When Bank of America Corp.'s new chief executive takes over next week, one of the first problems he will face is one he's already been grappling with—the bank's credit-card business.

Fed Proposes Tool to Drain Extra Cash

The Fed proposed selling interest-bearing term deposits to banks, a move the central bank would make when it decides to drain some of the liquidity it pumped into the economy during the financial crisis.

Stocks Rise for 6th Session

The Dow Industrials gained 0.3% to its highest close since Oct. 1, 2008.

Suit Says Harbinger Had Word on Bid

An aggrieved suitor in a 2006 bid to buy an appliance firm alleges that Harbinger received nonpublic information about the rival bid and accumulated a big stake before the deal talks were made public.

Retailers Compete on Swine-Flu Shots

Pharmacies, supermarkets and other retailers are jockeying to become the go-to spot for swine-flu vaccinations, in a bid to attract more customers and, in some cases, to publicize their in-store health clinics.

IPhone Snafu Stirs Network Concerns

AT&T resumed online sales of the iPhone to New York City residents after they were unable to buy Apple's popular phone on AT&T's Web site over the weekend.

Nufarm Rejects Sinochem Offer

Nufarm rejected a revised $2.33 billion takeover offer from Sinochem and has instead agreed for Sumitomo Chemical to buy a 20% stake through a tender offer to existing shareholders.

TAM Banks on Growth From New Flyers

Brazil's leading airline expects the domestic aviation market to grow up to 12% next year as incomes and employment levels continue to expand, and new promotions attract first-time flyers.

SMFG Looks to Grow Abroad

Japan's third largest bank by assets, may consider raising capital by issuing common shares if needed to further expand its business, as analysts predict continued fundraising by Japan's banks.