AT&T can lower the price it pays for T-Mobile USA Inc. if the remedies requested by regulators become too expensive, according to three people with direct knowledge of the purchase contract. AT&T would be able to pay less than the deal’s original $39 billion value if regulators demand asset sales that surpass 20 percent of that figure, [...]

The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation. The Federal Housing Finance [...]

The Justice Department on Wednesday sued to block AT&T’s proposed $39 billion acquisition of T-Mobile, a deal that would create the largest carrier in the country and reshape the industry. “The department filed its lawsuit because we believe the combination of AT&T and T-Mobile would result in tens of millions of consumers all across the United [...]

The Justice Department on Wednesday sued to block AT&T’s proposed $39 billion acquisition of T-Mobile, a deal that would create the largest carrier in the country and reshape the industry. “The department filed its lawsuit because we believe the combination of AT&T and T-Mobile would result in tens of millions of consumers all across the United [...]

Warren Buffett earned $357 million in paper profits on Thursday simply on warrants related to his $5 billion equity infusion into Bank of America. Not bad for a day’s work. In exchange for the Buffett brand name and $5 billion, the Charlotte, N.C. financial institution granted Warren Buffett the option to buy up to 700 million [...]

Apple said on Wednesday that Steven P. Jobs, its co-founder and leading product visionary, would step down from the chief executive role. Tim Cook, the chief operating officer, will take over the position. In a letter sent to Apple’s board of directors and “the Apple community,” Mr. Jobs said he would like to remain as chairman [...]

The Dow Jones industrial average is closing with its biggest gain in nearly two weeks. Investors were picking up beaten-down stocks Tuesday after fears that the U.S. would slip into a recession pounded the market over the last month. The Dow rose 322 points, or 3 percent, to close at 11,177. That’s its best day since it [...]

Oil prices are falling once again, and relief at the gas pump is likely on the way too. But be careful what you wish for. Low gas prices can sometimes be more a symptom of a weakening economy, than a cure to consumers’ woes. Crude oil briefly dipped below $80 a barrel on Friday, about 30% below [...]

Oil prices are falling once again, and relief at the gas pump is likely on the way too. But be careful what you wish for. Low gas prices can sometimes be more a symptom of a weakening economy, than a cure to consumers’ woes. Crude oil briefly dipped below $80 a barrel on Friday, about 30% below [...]

Bank of America is set to eliminate at least 3,500 jobs in the coming months, as the beleaguered financial giant seeks to cut costs and restructure amid deepening shareholder dissatisfaction. With its stock down more than 50 percent since January, the job cuts by Bank of America may be only the start of a broader restructuring [...]