CIT in Last-Ditch Rescue Bid

The fate of CIT Group was hanging in the balance as the large commercial lender readied a plan that would likely hand control of the company to its bondholders.

Hartford Taps Liam McGee to Be CEO

Hartford Financial named ex-BofA executive Liam McGee as CEO amid the firm's retreat from the risky variable-annuities business.

H-P to Fuse Printer, PC Units

Hewlett-Packard's CEO Mark Hurd is finalizing plans to combine H-P's printer and personal-computer divisions into a single operation.

FDIC Fund to Be in Red for Years

The fund that protects consumer bank deposits has fallen into the red and will remain there into 2012, a symbol of how aftershocks will reverberate for years as banks continue to fail.

Mixed Data Show Fragility of Recovery

Home prices rose in July, but apprehension among consumers and chief executives underscored the fragility of the nation's economic recovery.

Grail's ETFs Take 'Active' Approach

A handful of ETFs set to launch Thursday will be run by traditional, kick-the-tires stock pickers, a group that has had little involvement in these products.

Kraft Gets Deadline for Cadbury Bid

The U.K. regulator issued Kraft a six-week deadline to either make a formal bid for Cadbury or walk away.

Hong Kong Police Raid Ernst & Young

Police raided the Hong Kong offices of Ernst & Young as part of an investigation into suspected forgery linked to bankrupt electronics maker Akai Holdings.

GM, eBay End Online Sales Effort

General Motors' recent effort to sell cars online through eBay will end this week after yielding lackluster results.

J.P. Morgan Shuffles Senior Ranks

J.P. Morgan shook up the ranks of its investment bank, pushing out a longtime executive and igniting a contest to eventually succeed Dimon.

Rather's CBS Suit Dismissed by Court

A New York state appeals court dismissed Dan Rather's lawsuit against his former bosses at CBS, dealing a setback to his dispute over the circumstances of his departure.

Former Moody's Official to Testify

Another ex-employee of Moody's has emerged to testify before Congress about his concerns of practices at the credit-ratings firm.

Firms Warn of Delays From FDA

Medical-device makers warned that the FDA's study of its accelerated approval process may slow clearance of thousands of products.

Starwood Raises Extended Stay Stakes

A Starwood-led group offered to pay $3.5 billion for the first mortgage of Extended Stay, setting the stage for a bankruptcy battle.

Princeton Endowment Fell 23%

Princeton's endowment shrank 23% in the past year, tracking losses at other top schools and spurring a review of its investment strategy.