Wachovia melds investment bank units
Wachovia Corp. told employees Friday that it's folding together two groups within its corporate and investment bank as part of an ongoing reorganization of the unit that has suffered in the global credit crunch.
Wachovia Corp. told employees Friday that it's folding together two groups within its corporate and investment bank as part of an ongoing reorganization of the unit that has suffered in the global credit crunch.
As food and gas prices hit historic highs, Duke Energy is shutting off more customers this year because they can't pay their power bills.
Troubled builder Beazer Homes USA reported more steep losses on Thursday, days after saying it lost hundreds of millions last year.
Bank of America Corp. chief executive Ken Lewis, known for his appetite for big bank deals, on Thursday said current turmoil in the financial services industry will spur more bank mergers and acquisitions.
A nonprofit group wants to buy as many as 25 vacant houses to help build homeownership in Peachtree Hills, a Charlotte neighborhood that is one of the worst-hit by the foreclosure crisis.
Sykes Industrial Park West may cut long-term storage costs for tenants