Verizon Communications Inc. (VZ) on Thursday reported the most profitable quarter ever for its wireless business, just as the carrier is implementing new data plans that are expected to raise prices for most customers.

Citigroup Inc. (C) disclosed Thursday that its valuation of the Morgan Stanley Smith Barney brokerage is substantially above Morgan Stanley's appraisal, the first public jostling between the partners on price.

Visa Inc. (V), the world's largest payment network, said Thursday it is adding $150 million to a litigation escrow following a proposed $6.6 billion settlement announced last week of numerous long-standing lawsuits brought by merchants over transaction fees.

Yahoo! lured its new CEO Marissa Mayer away from Google with a package that will pay her at least $60 million over the next five years.

A Congressional investigations subcommittee plans to widen its probe of the Libor interest rate scandal to include U.S. banks, its chairman said.

Brazilian mining heavyweight Vale SA (VALE, VALE5.BR) on Thursday said that it expects to reach an agreement "soon" to settle a dispute with the Brazilian government over royalties payments.

It was supposed to be a hearing about manufacturing and how to lower the 35% U.S. corporate tax rate but by the time the House Ways and Means Committee hearing ended, factory executives had been drawn into a partisan fight over whether U.S. companies are paying their fair share of taxes.

"U.S. GAS: Prices Hit Fresh 7-Month High After Inventory Data," published at 15:51 EDT and 16:04 EDT, incorrectly said prices were at a seven-month high, when they were actually at a six-month high on both Wednesday and Thursday.

The Securities and Exchange Commission has charged the chairman and chief executive of STEC Inc. (STEC), a Santa Ana, Calif.-based computer-storage company, with insider trading in a secondary offering of his company's shares.