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Stocks stabilize on Wall Street after sell-offStocks dropped slightly after the Federal Reserve said the U.S. economy still needs support.聽Facebook had its best day since its聽stock聽market debut in May.
Bank of America sued for 'brazen' fraud at CountrywideBank of America sued for more than $1 billion as federal prosecutors charge Countrywide with mortgage fraud, such as the "Hustle." Bank of America sued because it bought Countrywide in 2008.聽
Barnes & Noble customers face data breach. PIN pads hacked.Barnes & Noble faces a data breach in 63 stores because of tampering of devices used to swipe credit and debit cards. Barnes & Noble called the breach a 'sophisticated criminal effort.'
Warren Buffett: global economy sluggish; Bernanke should stayWarren Buffett thinks the global economy is slowing, but the US is 'inching ahead'. In a wide-ranging interview, Buffett also said that the best thing for the economy would be for Federal Reserve chief Ben Bernanke to stay on the job for a third term.聽
Zynga: 'FarmVille' maker cuts 5 percent of staff, reduces gamesZynga, the online gaming company behind 'FarmVille,' and 'Draw Something' will lay off 5 percent of its full-time workforce and eliminate less popular games in a bid to cut costs. Zynga makes five of the 10 most popular games on Facebook.聽
Facebook: We're making money with mobile adsFacebook reveals that 14 percent of its revenue comes from mobile ads. In response, Facebook stock shoots up 13 percent in after-hours trading.
Dow falls more than 200 after weak corporate earningsDow and other stock indexes fall to lowest point in more than a month as companies cut profit expectations. 3M trims its outlook. DuPont is cutting jobs.
Black cabs of London: end of the road?Black cabs maker is headed into bankruptcy. 聽Manganese Bronze聽says it's not the end of the road and the company will keep operating, but its iconic black cabs are in the middle of a damaging recall. 聽聽
Market waits for election; earnings disappointStocks wobbled up and down Monday, unsure of how to turn with the presidential election looming near.聽One聽stock聽that jumped was Ancestry.com, the genealogy website, which announced it will be bought by European private equity firms.
Ancestry.com sold for $1.6 billion. Shares soar.Ancestry.com sold to a European private equity firm for a cash deal valued at approximately $1.6 billion. As a result of the deal, Ancestry.com shares jumped nearly 10 percent Monday.聽
FedEx will add 20,000 workers for busy holiday seasonFedEx predicts it will ship 280 million packages between Thanksgiving and Christmas. To handle the surge, FedEx will hire 20,000 additional seasonal workers 鈥� the same as last year.聽
Stock futures strong as markets await final presidential debateStock futures have started the week off solidly anticipating news of another round of corporate earnings and the final presidential debate Monday night.聽
Student loans: Even military worries about rising debtStudent loans come with protections for US troops, but loan companies seem to be misleading them, a new Pentagon report says. Student loans, held by 41 percent of troops, are among their top concerns.
Google could disappear in five years. Here's why.Could Google really go the way of Yahoo!, which was once dominant in search? One analyst thinks so, because its weak earnings reflect the larger problem of generating ad revenue from mobile traffic.
Stocks down as weak earnings drag market lowerStock prices dropped Friday after the release of poor corporate earning reports from Microsoft, General Electric and McDonald's.聽All 10 industry groups in the S&P 500 fell, led by materials and technology聽stocks.
Microsoft earnings: a miss. Its new era? Unclear.Missing profit expectations, Microsoft looks to Oct. 26 launch of Windows 8. But skepticism is growing that Microsoft's 'new era' will propel slumping PC sales.聽
Gloomy Google report hurts Nasdaq; Stocks fallTrading of Google stock halted Thursday after a poor earnings report was prematurely published. The report's聽bleak advertising figures dragged down Facebook stock as well.
Bullet tax? Chicago eyes curbing violence, raising money.Cook County official proposes a five-cent bullet tax to curb violence. Bullet tax would raise an estimated $1 million a year.
Google's big miss highlights Wall Street's big worryGoogle isn't the only company reporting disappointing revenues. So far this earnings season, most companies have exceeded profits expectations, but only 42 percent have beaten revenue forecasts.
Jobless claims jump 46,000 鈥� but on a technicalityJobless claims rose last week based on late data from California. Adjusting for that distortion, jobless claims suggest continued modest hiring ahead.
