The Treasury Department on Thursday defended the viability of its $1 trillion plan to get soured mortgage investments off of banks’ books after JPMorgan Chase’s chief executive said the company won’t participate.

Asset manager stocks posted double-digit gains in the market rally last week, but Goldman Sachs analysts think that spike may have been too far, too fast.

Asset prices plunge and a panic sweeps through international markets. The crisis threatens the livelihood and savings of millions of Americans. Congress enacts sweeping government intervention, putting aside faith in free markets to heal themselves.

General Motors Corp. is planning to put its Strasbourg, France, manufacturing operation up for sale along with its Hummer truck brand.

Asset manager Ameriprise Financial Services Inc. is pairing up with MasterCard Inc. to become a credit card lender for the first time, the two companies planned to announce Monday.It looks like a tough time to be entering the credit card space. Default...

Insurance brokerage Aon Corp. is selling two underwriting units for $2.75 billion in separate cash deals to focus on more profitable lines of business in the face of falling insurance rates.Aon said in the sale announcement Monday that it will use the...

The estranged wife of a pastor claims her husband blended his professional and personal finances so thoroughly that his church should be counted as an asset in their divorce.A judge agreed in a decision published this week to hear arguments on the claim,.