The clock is ticking on Morgan Stanley (MS) Chairman and Chief Executive James Gorman's big financial crisis-era bet on retail brokerage.

Johnson & Johnson (JNJ) has recalled more than 53,000 Duragesic pain-relief skin patches because at least one patch in the lot was found to have small crystals of the potent active ingredient.

Mizuho Financial Group Inc. (MFG, 8411.TO) has agreed to pay $127.5 million to settle charges that its U.S. investment banking unit misled investors in a collateralized debt obligation by using "dummy assets" to inflate the deal's credit ratings.

Exclusive: The government’s wide-ranging insider trading investigation appears to be winding down despite claims by FBI officials that they have a massive backlog of cases.

Credit Suisse boss Brady Dougan said he is willing to take short-term pain in the form of capital measures because bolstering capital will allow the bank to eat into rivals' market share.

The markets rallied on Wednesday as technology and industrial shares posted big gains.

The markets shook off morning losses and turned higher, led by a strong performance among technology and industrial stocks.

If banks joined Barclays in artificially lowering a key interest rate used to price all sorts of consumer loans and securities during the depths of the financial crisis, that move not only made the banks look better, but it also helped those who had loans at the time tied to Libor.

While unemployment in the construction sector remains high, hiring has picked up since last year and a pickup in the housing market may mean construction workers will soon return to work, said mortgage-finance company Freddie Mac (FMCC).