WSJ.com: US Business

The U.S. government earned $11.15 million from its sale of warrants tied to New York-based Signature Bank, granted as part of its $700 billion market-rescue program.

Smithfield Foods posted its first quarterly profit in more than a year as losses narrowed sharply at its hog operations.

Thanachart Bank will buy a 47.58% stake in Siam City Bank PCL from the Bank of Thailand's rescue arm in a deal worth 68 billion baht ($2.08 billion), making it Thailand's second-largest merger and acquisition deal in the financial sector.

BMW reported a 36% slump in 2009 net profit in a year that saw a steep downturn for luxury car makers, but said it is cautiously optimistic for 2010.

Bank of China's chairman said he wants to grow aggressively overseas but isn't interested in acquisitions, a sign that China's banks remain wary of investing in foreign financial institutions.

HSBC's Swiss private bank issued a public apology to its clients for the theft of 15,000 sets of client data, allegedly by a former employee who had access to client names.