Electronic Arts to Make Key Game Free

Electronic Arts said it will make a key videogame free for players following struggles to gain traction with a subscription model.

AIG Buying Hartford Financial Brokerage Unit

American International Group has agreed to buy a broker-dealer business from Hartford Financial Services Group, a rival that is divesting itself of numerous businesses amid pressure from some shareholders.

Loss in Citi Case Deals Blow to U.S.

A Citigroup employee did nothing wrong by failing to tell investors about the bank's bet on a $1 billion mortgage-bond deal created shortly before the U.S. financial crisis five years ago, a federal jury in Manhattan concluded on Tuesday.

U.S. Guarantees Stir Debate

Small banks and big mutual-fund firms are clashing over the fate of a program that gives unlimited federal guarantees to $1.3 trillion in zero-interest bank deposits largely from companies and municipalities.

Poker Site Pays $731 Million Fine

Online poker giant Pokerstars agreed to pay $731 million to settle civil lawsuits by the Justice Department and to acquire the assets and pay off debts of Full Tilt Poker, a onetime rival.

Regulator Resists Mortgage Reductions

The federal regulator for Fannie Mae and Freddie Mac will not permit the mortgage giants to participate in an Obama administration program that reduces mortgage balances for certain homeowners.

Deutsche Bank to Cut 1,900 Jobs

Deutsche Bank's new chief executives outlined a plan to boost capital strength without asking shareholders for fresh funds and said they would slash $3.7 billion in costs and cut 1,900 jobs.

SEC Seeks Muni Market Controls

The SEC asked Congress for authority to crack down on municipalities that raise money from investors but don't keep the public apprised of their financial health.

Lead Bid Emerges for T-Mobile Tower

Cellphone tower operator Crown Castle has emerged as the lead bidder for towers being sold by T-Mobile. A deal for more than $2 billion could be struck soon.

Wasendorf Son Subpoenaed

Russell Wasendorf Jr., president of Peregrine Financial Group, has been subpoenaed to appear before a federal grand jury investigating the alleged wrongdoing that led to the brokerage's collapse.

BlackRock Fund Manager to Leave

Daniel J. Rice III, co-manager of $4.4 billion in energy assets at BlackRock Inc., will leave the firm at year end, the world's largest asset-management firm announced Thursday.

SEC Chief Pushes Money-Fund Revamp

Mary Schapiro defended her calls for a revamp of the $2.6 trillion U.S. money-fund industry, saying at a Senate hearing that it remains a risk to the financial system.

Indecency Fines Tossed Out

The Supreme Court unanimously threw out government punishments of TV networks that aired fleeting profanity and nudity, saying regulators didn't provide fair notice that they were taking a tougher stance.

Airline Battle Pits Friend Against Friend

Big corporate battles don't often pit friend against friend like the contest between AMR chief Tom Horton and US Airway's Doug Parker over the fate of the U.S.'s third-largest airline.

Chinese Oil Imports From Iran Rebound

China's oil imports from Iran continued to sharply rebound in May to nearly match 2011 levels following a steep drop-off earlier this year.

Schapiro: Hundreds of Money Funds Rescued

Money-market mutual funds have been rescued from financial trouble by their parent companies more than 300 times, a greater number than previously reported, according to the head of the SEC.

Navistar Adopts Takeover Defense

Troubled heavy-duty truck maker Navistar International put a takeover defense in place, adopting a plan that could drive up the cost of any hostile bid for control of the company.

ConAgra Rebuts Non-Kosher Claim

ConAgra Foods denied claims raised in a lawsuit that hot dogs and other products sold under its Hebrew National brand aren't kosher.

AIG Docks Unit Chief $1 Million After Relationship With Employee

American International Group docked the pay of Henri Courpron, the chief executive of its aircraft-leasing unit after recently discovering he had a personal relationship with an employee.

Roche Investigated Over Safety Reports

Europe's main medicines regulator is investigating Roche for failing to properly vet 80,000 reports of possible drug-safety issues.