J.P. Morgan Shuffles Its Senior Ranks

Management changes at J.P. Morgan Chase clarified succession plans for the bank's leadership under CEO James Dimon.

U.S. Home Prices Post Increase

Home prices rose again in July, S&P Case-Shiller indexes showed, but a drop in consumer confidence in September underscored the fragile state of the recovery.

Stocks Flat as Focus Turns to Jobs

The Dow industrials declined 47 points as traders positioned ahead of a flurry of labor market data this week.

FDIC Sees Fee Prepayments

The FDIC moved to raise $45 billion to replenish its insurance fund by having U.S. banks prepay premiums for three years.

States' Tax Revenue Plunges 17%

State tax revenue in the second quarter plunged 17% from a year earlier as rising unemployment and falling consumption dragged down sales and income taxes.

BNP Paribas Launches Rights Issue

France's biggest bank by market value said it is launching a $6.28 billion rights issue to buy out the government's stake, making it the country's first bank to reimburse state funding issued at the height of the financial crisis.

Drug Companies Chase Vaccines

Three big drug makers announced deals that give them rights to new flu vaccines, placing bets on one of the industry's brightest, but riskiest, segments.

Nigeria in Talks With Cnooc Over Oil

The Nigerian government is in advanced talks with China's Cnooc over signing deals on several onshore oil blocks.

Princeton Endowment Fell 23%

Princeton University, joining a host of wealthy colleges with poor investment results, said the value of its endowment declined 23% in the year ended June 30.

Walgreen Net Falls, Sales Rise

Walgreen posted a 1.6% drop in quarterly profit, but sales rose and the drugstore chain's gross profit margin improved.

Xerox Gambles With ACS Bid

Xerox and its new CEO, Ursula Burns, unveiled the biggest acquisition in the company's 103-year history with a $5.6 billion deal for Affiliated Computer Services.

Starbucks Takes New Road With 'Via'

Starbucks is planning to roll out its new Via instant coffee to Starbucks stores across the U.S. and Canada this week.

Warner, YouTube Reach Video Deal

Warner Music reached an agreement with YouTube that will return its video clips to the site after a nine-month licensing dispute.

Gadget Sellers Brace for Slow Holiday

Electronics retailers hope to attract holiday shoppers by selling a greater number of smaller, cheaper items in lieu of a blockbuster gadget.

Marchionne, Voser to Leave UBS's Board

UBS said that board members Sergio Marchionne and Peter Voser will leave the bank next year, citing the two managers' busy schedules at their own companies.