Business

Business Source: Bank of America nears $16-$17 billion settlement with U.S. Source: Bank of America nears $16-$17 billion settlement with U.S.
Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter said Wednesday.
Business Walgreen turns down inversion to cut tax bill Walgreen turns down inversion to cut tax bill
Walgreen plans to keep its roots firmly planted in the United States, saying it will no longer pursue an overseas reorganization that would have trimmed its U.S. taxes but drew political scorn.
Business Sprint names new CEO after dropping T-Mobile bid Sprint names new CEO after dropping T-Mobile bid
Sprint's new owner is replacing its longtime CEO with a Hispanic billionaire and entrepreneuer after dropping its bid for rival wireless carrier T-Mobile US.
Business 21st Century Fox abandons pursuit of Time Warner 21st Century Fox abandons pursuit of Time Warner
Rupert Murdoch's 21st Century Fox is abandoning its attempt to take over Time Warner in a proposed deal that would have combined two of the world's biggest media companies.
Business Gannett splits publishing, broadcasting in two Gannett splits publishing, broadcasting in two
USA Today owner Gannett is splitting into two companies, making it the latest major media company to spin off a less profitable print business to focus on growing TV and digital operations.