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Jamie Dimon, chief executive of J.P. Morgan Chase, announced Thursday that the bank's second-quarter net income fell 53 percent as a result of the continued credit crunch and $540 million in costs for the acquisition of Bear Stearns.

Schwartz, who headed Bear Stearns before its epic collapse in March, asked Blankfein whether Goldman Sachs traders in London manipulated the firm's stocks.

Battered by slumping sales and a sagging economy, General Motors C.E.O. Rick Wagoner announced plans Tuesday to eliminate its quarterly dividend, slash...

Daniel Lyons, the former Forbes magazine journalist who wrote the immensely popular blog The Secret Diary of Steve Jobs, has decided to pen his last entry.

John Thain is contemplating selling other investments in order to raise capital, including its stake in Bloomberg LP, according to a report by CNBC.com...

Wachovia Corp., the nation's fourth largest bank, has named former Treasury Undersecretary Robert Steel chief executive.

Stanley Ho, 85, can now move ahead with the $493 million initial public offering, scheduled for mid-July. He has said that most of the money raised will be spent on new casino projects.

"I do think we have some very serious issues to face," said Dimon, according to Reuters. "Things could actually get worse."

Reeling from slumping sales amid a stalling U.S. economy, General Motors C.E.O. Rick Wagoner is considering cutting thousands of jobs at the Detroit automaker, while also contemplating whether to stop production on some G.M. brands, according to a report by the Wall Street Journal.

Microsoft C.E.O. Steve Ballmer is still interested in buying Yahoo, but only of the entire Yahoo board of directors is replaced, according to reports.