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BofA pays $2.43B in Merrill-Lynch lawsuitBank聽of聽America聽says it has agreed to pay $2.43 billion to settle a class-action lawsuit related to its acquisition of Merrill Lynch.聽Investors that bought or held聽Bank聽of聽America聽stock when the company announced its plans to buy Merrill Lynch claim that the bank made misleading statements about both companies' financial health.
US Postal Service to default on multi-billion dollar payment. Again.The US Postal Service to default on a $5.6 billion debt it can't afford to pay. The US Postal Service default is its second missed multi-billion dollar payment in just as many months.
My Nissan Leaf life: How I almost leased one online 鈥� until my wife found outThe Nissan Leaf website is funky, informative and so seductive you might be ready to get one after the online experience. But take a test drive first.
Timothy Geithner pressures SEC to change money-market rulesTimothy聽Geithner聽is putting pressure on the Securities and Exchange Commission to overhaul its rules for money-market mutual funds. Geithner warned that without an overhaul to the money-market system, US financial stability would remain threatened.聽
Carmageddon II: Los Angeles preps for freeway closure sequel'Carmageddon II' is coming to Los Angeles' Interstate 405. One of the nation's most crowded freeways will be closed over the weekend. Authorities are hoping to see a repeat of the first 'Carmageddon,' when hundreds of thousands of motorists stayed off the road.聽
Best laptop deals of the weekBest laptop deals include a Sony VAIO S Series and a Lenovo Utrabook.
RIM surprises market: More people are using BlackBerrysRIM stock surges 20 percent in after-market trading, reporting smaller-than-expected losses and gains in BlackBerry subscribers in emerging markets. But RIM's future hangs on delayed BlackBerry 10.
Asian markets cheer Spain's plans for reformAsian stocks edge up as debt-laden Spain unveils budget plans with sharp cuts in government spending. Euro and Japanese yen climb while dollar falls.
GDP up in Q2The economy continued to expand in Q2 with real GDP increasing at a tepid annualized rate of 1.3% from Q1 2012, according to the Bureau of Economic Analysis.
Stocks snap losing streakThursday was the best day for US stocks since Sept. 13, when Federal Reserve Chairman Ben Bernanke announced further steps by the central bank to speed the economic recovery.聽Stocks聽were also helped by speculation that the central bank of China will act soon to help the world's No. 2 economy.
Think the corporate tax system is broken? Go ahead, try to fix it.To offset the costs of cutting corporate tax rates,聽policymakers聽will need to roll back tax preferences, each of which has powerful defenders, Marron writes. To illustrate the challenge, Marron highlights a tax reform calculator from the聽Committee for a Responsible Federal Budget.聽
Census: Home sales drop slightly in AugustHome sales dropped 0.3 percent since July 2012 but rising 27.7 percent above the level seen in August 2011, according to the US Census Bureau.聽
What you can expect from 4G LTE coverage4G LTE smartphones offer extremely fast downloads, but quality of 4G LTE connection depends on your smartphone, carrier, and location.
Unemployment claims plunge to two-month lowUnemployment claims drop 26,000 to a level of 359,000, the lowest in nine weeks. At this level, unemployment claims typically point to a lower unemployment rate.
Student loan debt hits record 1 in 5 US householdsStudent loan debt has reached a record 1 in 5 US households,聽with the biggest burdens falling on the young and poor.聽Because of the sluggish economy, fewer college聽students聽than before are able to settle into full-time careers immediately upon graduation, contributing to the jump in student loan debt.
Mitt Romney: a compassionate conservative?Can Mitt Romney recast himself as a compassionate conservative in an effort to boost sagging poll numbers? Reich argues it's too late.
Coppertone settlement: 'False' sunscreen claims cost $3M to $10MCoppertone settlement has been reached by parent company Merck, bringing a decade-old lawsuit to a close. The lawsuit alleged that Coppertone made false claims about its sunscreen, and the Coppertone settlement will cost Merck between $3 million and $10 million in payouts.聽
GDP growth revised down to 1.3 percentGDP growth in the second quarter was even more sluggish than previously reported. Effects of drought on farms was the biggest factor for the GDP revision.
World markets recover as Spain, Greece brace for austerityTh mood in the financial markets improved slightly Thursday, though investors remained concerned about violent protests in Greece and Spain over planned austerity measures.聽Worries that the Spanish government is losing control continued to hurt that country's markets.
The inexpensive power of a simple love noteLove notes are an easy and cost-effective way to let a special person in your life know that you care, Hamm writes.
