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Falcone Faces 2-year Ban From SEC, $18 Million Fine

Philip Falcone, the billionaire hedge fund manager, has reached an agreement in principle with the Securities and Exchange Commission to settle civil fraud charges that he used fund money to pay his taxes and favored some clients over others.

Carlyle Group Sells More SS&C Shares

Carlyle Group is selling common shares in software and services firm SS&C Technologies for the second time in two months, cutting its ownership to about 9.2 percent.

Dendreon Shares Sink on Shrinking Sales

Dendreon's quarterly revenues shrank to $67.6 million, below any of the previous five quarters and down 17.6 percent from a year earlier, but showed a narrower loss than in the same period in 2012.

RBS Citizens Chairman and CEO to Retire

RBS Citizens Financial Group announced Thursday that Chairman and CEO Ellen Alemany will retire from RBS in September.

Skilling May Get Shorter Sentence

Prosecutors filed a court agreement that would cut as much as 10 years off the 24-year federal prison term Jeffrey Skilling received for conspiracy, securities fraud and insider trading at Enron.

JobsOhio: Companies Pulling Back on Projects

Business investment in projects that would bring new jobs to the state and retain others has slowed in recent months, says the top executive of the state's private economic-development agency.

Google Launching YouTube Fee Plan

Netflix, Hulu and even cable companies, beware: Internet giant Google has big plans for its Web video powerhouse YouTube.

Target 'Friends' Facebook

In a bold foray into digital retailing, Target launched a test version an ambitious collaboration with the world's largest social network that will allow users to earn savings via Facebook and then use their smartphones to redeem those savings in stores.

Sony Back in Black

Sony Corp. returned to the black for the first time in five years in the financial year that ended in March, thanks to a weaker yen and rising share prices, the company said Thursday.

News Corp. Profits Triple

The News Corp. media conglomerate reported a threefold increase in third quarter net profit, as it earned income of $2.82 billion on revenues of $9.54 billion.

JC Penney Q1 Revenue Doesn't Look Good

J.C. Penney Co. says that its first- quarter revenue will likely fall 16 percent and is pointing fingers at prior leadership for part of that shortfall.

U.S. Bank to Offer Financial Planning for High-end Clients

U.S. Bank has opened a Private Client Group office in New Mexico to provide wealth-management services to high-net-worth individuals and for-profit and nonprofit organizations, the company said.

Lawmakers, Unions Oppose Tribune Sale to Koch Brothers

California legislative leaders and 10 public employee unions announced their opposition to any sale of the Los Angeles Times and other Tribune Co. newspapers to a pair of wealthy brothers who fund conservative causes.

Hertz Moving Headquarters, Jobs to Florida

Dollar Thrifty Automotive Group will move its corporate headquarters as well as 120 jobs to Florida as part of its merger with rival Hertz.

Quintiles Stock to Begin Trading on NYSE

Durham-based Quintiles announced that it will offer its common stock for purchase by the public at a price of $40 on Thursday, when its stock starts trading on the New York Stock Exchange.