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Fitch Ratings and Standard & Poor’s Ratings Air force each downgraded their assessment of America’s largest bank, JPMorgan Chase & Co., on Friday. Read More →

American Airlines agrees to study merger idea

American Airlines says it is agreeing with creditors to consider potential mergers while it is still under bankruptcy protection. Read More →

Credit Suisse says Americas boss to step down

ZURICH (Reuters) – Credit Suisse on Friday said its Americas head Antonio Quintella would leave the Swiss bank’s management board at the end of the month and go to Sao Paulo as chairman of...

American Airlines to explore merger options

(Reuters) – AMR Corp, parent of American Airlines, bowed to pressure on Friday from its unsecured creditors, including its largest overstress unions, and said it would explore merger options while...

Huawei gearing up to take on Cisco on its home turf

(Reuters) – Huawei’s head of North America, John Roese, said his company is more than equipped to take on larger rival Cisco Systems but noted it will take some patience — and time....