Brian Cornell, a PepsiCo Inc. executive, is Target Corp.'s first outsider chief executive officer. Photographer: Beth Hall/Bloomberg.
WASHINGTON - Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.
An economist at Canada's biggest bank says home prices could start falling in 2016 if interest rates return to more normal levels.
Commuters walk past a Sears store in Toronto on Thursday April 25, 2013. Sears Canada Inc. reported a net loss of $21.3 million, or 21 cents per share, in the second quarter, compared to a profit of $152.8 million, or $1.50, in the same period last year.
The Federal Reserve's policy committee is split on the strength of the U.S. labour market, raising the possibility that the central bank could move to raise interest rates sooner than many on Wall Street currently expect.