Georgetown Collegiate Investors

Bond underwriters handling the Obama administration-backed Build America bonds have collected more than $1 billion in fees so far.

Greek Prime Minister George Papandreou said he discussed a European proposal to crack down on financial-market speculation with Obama and received a "very positive" response.

The EU is considering a ban on speculative derivative trades, including credit default swaps, which have been blamed for worsening the crisis in Greece.

Prosecutors equipped several cooperating witnesses with recording devices to try to obtain information about targets in the Galleon insider-trading probe.

Metro-Goldwyn-Mayer creditors are signaling that they would rather convert their debt to equity than sell for an unsatisfactory price.

Long before the Fed raises short-term interest rates in the face of an improving economy, it will need to signal to the public that a change is in the works. Fed officials are intensifying discussions about how to send that sign when the time comes.

The Securities Investor Protection Corp warned of an imposter Web site mimicking its own page to target Madoff victims.

The electronics giant will shift to "attack" mode by ramping up unit production and attempting to shore up market share, despite trailing rivals planning earlier 3-D models.

American International Group is basing bonuses and incentive pay on its new "forced ranking" system that measures the performances of about 10,000 employees.

Toyota and federal investigators probed the latest report of sudden acceleration, a dramatic incident on a California highway that ricocheted around the Internet.

The U.K. bank is seeking a retail lender that would give it more deposits and extend the presence of Barclays Capital in the U.S.

BofA lawyers have agreed to reimburse lawyers for a Miami developer after a judge's rebuke for trying "to score a litigation point" in an ongoing foreclosure dispute.

RBS's U.S. global banking and markets unit increased staff levels by 4% last year and plans to continue hiring, in an illustration of how insulated its transatlantic business has been from a departure of employees in the U.K.

China's chief foreign-exchange regulator suggested the country's appetite for further gold purchases may be limited and offered soothing words about China's role as an investor in U.S. Treasurys.

The CFTC chairman said the U.S. could adopt new regulations for credit-default swaps, the derivative often blamed for the near-collapse of AIG during the financial crisis.

Abbott Labs will bulk up its product pipeline with a $722 million deal for Facet Biotech, which had rebuffed overtures from development partner Biogen Idec.

Heavy trading sent shares of AIG, Citigroup, Fannie Mae and Freddie Mac soaring amid no specific news from the companies.

Cisco unveiled a piece of equipment for the core of the Internet it says can transmit three times as much data as its current hardware, though its introduction won't directly translate into faster connections for consumers.

Upscale retailer swings to a $4 million second-quarter profit after steep write-downs weighed on year-ago results.

Two new reports show that the job market continues to make small gains, though employers will have to do a lot more hiring before a dent is made in the nation's 9.7% unemployment rate.