US investment bank JPMorgan Chase said today, July 17, that second quarter profits were above analyst’s expectations.

Consumer prices post their biggest rise since 2005 on soaring gasoline prices.

General Motors Corp announces plan to add US$15 billion in liquidity as it plans to avoid bankruptcy.

Despite the Government’s pledge for support, the mortgage financiers saw mixed results in trading today.

General Electric Co has said earnings per share in the second quarter remained flat at US$0.54 year-over-year.

Wachovia Corp has appointed industry veteran Robert K Steel as CEO with immediate effect.

Deal to sell 20 percent stake could net the Wall Street banking giant US$5billion

Microsoft will renew takeover talks with Yahoo if the group’s board is ousted at next month’s annual meeting.

Yahoo has resumed merger talks with Time Warner

In an effort to save energy Utah-state employees will get Fridays off.

Deutsche Bank AG’s head of global markets warns that the subprime crisis isn’t over.

Countrywide Financial Corp, a victim of the mortgage meltdown, today flies a new flag and loses a legend.

Goldman Sachs Group Inc said Sunday, June 29, that billionaire steel magnate Lakshmi Mittal has been elected as an independent director.

Merrill Lynch & Co will likely incur US$5.4 billion of write-downs in the second quarter, Lehman Brothers says.

Google Inc names Bell Canada executive Patrick Pichette as its new Chief Financial Officer, succeeding George Reyes, who had earlier announced his plans to retire.

MasterCard Inc has today, June 25, announced it will pay American Express Co as much as US$1.8billion to settle a complaint that MasterCard and Visa blocked banks from issuing its cards.

The state of Qatar has agreed to sell 25 percent of the Doha Securities Market to NYSE Euronext for US$250million in a bid to become the region's financial hub, while extending global links.

As the effects of the credit crunch linger, news is breaking that Citigroup and Goldman Sachs have eliminated thousands of roles.

Internet giant Yahoo, which sensationally rejected a takeover from Microsoft, is reported to be considering reorganization.

Ralph Cioffi and Matthew Tannin, former hedge fund managers at Bear Stearns Cos. have been charged with wire and securities fraud following a federal criminal probe in the collapse of hedge funds they oversaw.

FedEx Corp, the second-largest US package-shipping company, reports a fourth-quarter loss; issues a weak forecast for fiscal 2009.

Goldman Sachs Group Inc, the world's biggest securities firm, has very nearly completed a long-awaited rescue of a US$7 billion structured investment vehicle (SIV), as it adjusts to the credit crunch.

Martin Sullivan, the British-born chief executive of AIG, has become one of the most senior casualties of the credit crisis.

Lehman Brothers Holdings Inc shook up its management Thursday June 12, with its Chief Financial Officer and Chief Operating Officer forced out following $3 billion quarterly losses.

BNP Paribas agrees to buy the hedge fund trading and financing unit of Bank of America Corp.

In possibly the worst kept secret in the whole technology world, Apple finally unveiled a new version of the iPhone at its annual Worldwide Developers Conference (WWDC) in San Francisco on Monday, June 9.

The commercial lender CIT Group Inc. secures US$3 billion long-term financing facility with Goldman Sachs; shares rise 15 percent in New York trading.

Cellular carrier Verizon Wireless has agreed a US$5.9 billion takeover of Alltel Corp, which would make it the substantial market leader in the US.

UAL Corp’s United Airlines announced yesterday it will remove 100 aircraft from its fleet, reduce capacity and make personnel changes to offset rising fuel prices.

The J. M. Smucker Company is to buy Procter & Gamble’s (P&G) Folgers coffee business in a transaction valued at $3.3 billion.

GM Motors Corp has announced plans to close four plants in North America in order to return the company to profitability.

Harris Corporation, the international communications and IT company, has issued a statement today that confirms the company is not pursuing a merger or a sale.

Plans to merge UAL Corp.’s United Airlines and US Airways Group, Inc. have been suspended; United close to merger with Continental Airlines, reports suggest.

Bear Stearns Cos. shareholders have approved JP Morgan Chase & Co’s $2.2 billion buyout of the investment bank following its near-collapse in March.

Airlines in the US are continuing to battle record fuel prices by raising fares, introducing new fees, cutting jobs and cutting services, although they are running out of options.

Bank of America Corp., one of the world’s largest financial institutions, today announced its intention to purchase further China Construction Bank (CCB) common shares.

Kirk Kerkorian has added $100 million to his funds for buying up to 20 million shares in Ford Motor Company, making his offer more attractive.

American Airlines will soon start charging passengers $15 to check their first bag each way, citing ever-increasing jet fuel prices.

Time Warner Inc. has received a dividend of $9.25 billion as it separates from Time Warner Cable Inc it was announced today.

The Home Depot, the world’s largest home improvement retailer, posted first quarter sales totalling $17.9 billion, down 3.4 percent from the first quarter 2007.

Lowe’s Cos. today announced that first quarter profit fell 18 percent at the same time as US consumer confidence hits its lowest level since the 1980s.

The Commerce Department today posted the biggest increase in the construction of new homes in more than two years, amid the worst housing downturn for decades.

CBS Corp has agreed to buy web media company CNET Networks Inc, for around $1.8 billion, in a deal that would broaden the television broadcaster's reach across the Internet.

The debate over financing the leveraged buyout of U.S. radio operator Clear Channel Communications Inc. has finally ended after an agreement was reached to settle the litigation and a new deal was struck at a lower price of $17.9 billion.

American discount chain Wal-Mart Stores Inc, the world's largest retailer, has reported a seven percent rise in quarterly profit as discounts drew “hard-up” U.S. shoppers looking for bargains on essentials like food and pharmacy items.

Australian-born billionaire Rupert Murdoch has abandoned his $580 million attempt to buy Newsday as it is revealed this morning that Cablevision is expected to pay $650 million for the Long Island newspaper.

Wachovia Corp said on Thursday chief executive Ken Thompson had given up the chairman's title to focus on day-to-day operations at the fourth-largest U.S. bank.

A former partner with two major Silicon Valley law firms, Allen Morgan, Managing Director of Mayfield Fund, tells Exec why the move into venture capital was fairly seamless.

Clearwire Corp. and Sprint Nextel Corp. today announced they have entered into an agreement to combine their next-generation wireless broadband businesses to create a new wireless communications company.

Battered by $17.3 billion first-quarter losses at its investment-banking unit, UBS, the largest Swiss bank, plans to cut about 5,500 jobs.

The U.S. Labor Department reported Friday that employers cut jobs for the fourth consecutive month. However, the loss of 20,000 jobs was far less than anticipated by economists, who predicted losses could exceed 80,000 for the third month in a row.

Exxon Mobil Corporation on Thursday reported a $10.89 billon first-quarter profit but left investors cold due to weak production and low refining margins.

General Motors Corp. today posted a first quarter loss due to a supplier strike, waning vehicle demand and a quarterly loss at GMAC.

As online security threats reach an unprecedented high, Exec speaks to Gerhard Eschelbeck (pictured), one of the world’s most prominent CTOs about dealing with the ever-evolving malware hazard

Mars Inc has teamed up with billionaire Warren Buffett to buy Wm Wrigley Jr Co, the world's largest chewing gum maker, for $23 billion, creating the world's largest confectionary company.

Software giant Microsoft Corp. has reported a 4.6 percent share decline in early U.S. trading after a slump in sales, raising concerns about the short-term future of the PC market.

The Ford Motor Company has announced first quarter earnings of $100 million, swinging from a loss in the same period last year.

Liberty Mutual Group Inc., the sixth largest U.S. property and casualty insurer, has agreed to the industry’s biggest transaction in four years with a $6.2 billion acquisition of Safeco Corp.

Commercial finance company CIT Group Inc. has today announced the sale of $1.5 billion of its stock in order to raise capital amid fears of economic recession.

Charlotte, North Carolina-based Bank of America Corp., the second-largest U.S. bank, has announced that first quarter net income is a staggering 77 percent below the 2007 figure.