The OECD removed the British Virgin Islands and the Cayman Islands from its “gray list” of countries that hadn’t implemented international standards for tax disclosure.

Bargains still exist in municipal-bond funds. A sweet spot nowadays: double-A and single-A munis maturing between 10 and 20 years.

Regulators seized Colonial Bank after reaching a deal to sell its branches, deposits and most of its assets to rival BB&T in the sixth-largest bank failure in U.S. history.

Amid the record industry’s blues, the new owners of record company EMI are struggling with heavy debt from a leveraged buyout gone bad.

Philadelphia newspapers could be headed for a clash with their lenders over a bankruptcy-exit plan.

Education Media reached a deal to reduce its debt, giving the Houghton Mifflin parent some breathing room.

Boeing didn’t announce a flaw found with its new 787 Dreamliner because it was seen as relatively minor.

A growing number of hotel owners in the U.S. are walking away from money-losing properties and forfeiting them to lenders.

The Bill and Melinda Gates Foundation sold off almost all of its pharmaceutical, biotechnology and health-care investments in the quarter ended June 30.

Blackstone is planning to launch an up to $732 million private-equity fund in Shanghai.