Apple shares hit another all-time as consumers lined up Friday outside stores in Asia, Europe and North America to get their hands on the iPhone 5.
The Federal Reserve’s decision to hold borrowing costs steady into 2015 and buy mortgage debt each month is reducing bond market volatility and demand for options that hedge against changes in interest rates.
Bank of America is looking to speed up its cost-cutting efforts and will eliminate 16,000 jobs by the end of the year, according to a media report.
Moody's Investors Service put the long-term ratings of US Bancorp, one of the country's largest banks, on review for a possible downgrade last week.
The Standard & Poor’s 500 Index erased gains, sending the benchmark index lower for the fourth time in five days, as a rally in Apple Inc. faded and banks retreated.
Adidas AG, the world’s second-biggest sporting-goods maker, lowered its 2015 forecast for sales at the Reebok brand, taking the shine off increased revenue goals in all other parts of the business.
Oracle Corp. reported fiscal first- quarter revenue that missed analysts’ estimates as sales of computer hardware fell for a sixth straight period, curbing growth as it navigates a shift to cloud-computing services.
Sept. 21 (Bloomberg) -- The National Football League said it has reached agreement with Time Warner Cable Inc. to carry the league-owned NFL Network and RedZone Channel, ending a nine- year impasse.
Pakistan's “Day of Love for the Prophet” turned into a deadly day of gunfire, tear gas and arson.
The market took a recess Friday from the Fed rally.
The chief executive of struggling BlackBerry-maker Research In Motion apologized Friday after an outage in Europe and Africa interrupted service for customers on the very day Apple Inc. released its new iPhone 5.
Risk-averse investors, prepare to be disappointed a good while longer.
KB Home, the Los Angeles-based homebuilder that targets first-time buyers, rose to a seven-month high after reporting a profit for its fiscal third quarter.
Sept. 21 (Bloomberg) -- Oil advanced as optimism that central bank stimulus will revive the global economy pared crude’s biggest weekly decline in more than three months.
Like many Gen-Xers, my present outlook on retirement falls somewhere between doom and gloom.
A European committee has endorsed the use of Eli Lilly and Co.'s erectile dysfunction drug Cialis to treat symptoms tied to an enlarged prostate.
Sept. 21 (Bloomberg) -- European stocks rose after a report said Spain will next week unveil an economic reform program that will allow the indebted country to seek a bailout. U.S. index futures and Asian shares also advanced.
Darden Restaurants Inc. said Friday that its first-quarter profit rose by 4 percent as it prepared to revamp the menus and marketing for its struggling Olive Garden and Red Lobster chains.
Leaning on a battered set of scales while flies swarmed his piles of trash, Akbar said he wasn't demanding much: “All I want is continued access to waste.”
Striding through his Las Vegas casino, tough guy Vincent Savino has a beef.
Sept. 21 (Bloomberg) -- Lehman Brothers Holdings Inc.’s Australian unit must repay three towns that invested in failed securities, a judge ruled. The lawsuit’s sponsor said the case is the first of its kind to complete a trial.
Sept. 21 (Bloomberg) -- American Realty Capital Trust Inc. was sued in New York state court by shareholders over the company’s $1.9 billion acquisition by Realty Income Corp. announced this month.
Sept. 21 (Bloomberg) -- Apple Inc.’s new iOS 6 operating system infringes a trademarked design for clocks in Swiss rail stations, according to state-owned railway operator SBB.
The president and CEO of Marsh & McLennan Cos. plans to retire. He will be replaced by the company's current group president and chief operating officer.
Sept. 21 (Bloomberg) -- Hewlett-Packard Co. Chief Executive Officer Meg Whitman is betting that refining the company’s existing strategy, rather than making radical shifts, will help reverse the fortunes of the struggling computer maker.
Sept. 21 (Bloomberg) -- U.S. Silica Holdings Inc., the nation’s second-largest provider of hydraulic fracturing sand, is considering buying additional mines as it faces increasing demand for the material from energy producers.
Wal-Mart Stores Inc. says it expects to hire more than 50,000 temporary employees this holiday season and will be offering more hours to its existing workers.
Sept. 21 (Bloomberg) -- Google Inc. turned over its campus to Vince Vaughn and a team of Hollywood filmmakers, letting them use the Silicon Valley icon for “The Internship,” a comedy about jobless, tech-challenged 40 somethings.
Mitt Romney wants to repeal Dodd-Frank and start over, though he would keep a few core elements that the financial industry supports -- for example, revised formulas that determine whether banks have enough solid cash to fall back on in bad times. Romney also would make it harder for financial oversight agencies to impose new rules.
Advisers to European Union regulators have recommended approval of a new anti-clotting drug for use by adults with a common irregular heart rhythm that boosts risk of strokes or blood clots, drugmakers Bristol-Myers Squibb Co. and Pfizer Inc. said.
Sept. 21 (Bloomberg) -- Four U.S. Senators called on the Federal Trade Commission to investigate third-party online marketing companies that they say often use deceptive practices to recruit on behalf of for-profit colleges.
Sept. 21 (Bloomberg) -- Elon Musk, co-founder and chief executive officer of Tesla Motors Inc., declined to confirm that the electric-car maker will be able to meet its initial delivery target for Model S sedans this year.
The nation's top tobacco companies spent less money on advertising and promotion of cigarettes and smokeless tobacco products in recent years, according to the latest data from the Federal Trade Commission.
Sept. 21 (Bloomberg) -- President Barack Obama accused Republicans of threatening the future of Social Security and Medicare while Republican vice presidential candidate Paul Ryan said only he and Mitt Romney are offering “honest answers” about how to preserve the programs.
Expedia shares hit a record high after two analysts put “Buy” ratings on the stock, saying it's in the early stages of a turnaround.
If you run your finger over one of the joints where plastic and metal meet on the rim of the iPhone 5, you feel just the slightest hint of the seam. The materials have been machined to blend into one another with astonishing, jewel-like precision.
Switzerland's national rail company accused Apple Inc. on Friday of stealing the iconic look of its station clocks for the iOS 6 operating system used by iPhone and iPad mobile devices.
Southwest Airlines is one step closer to flying to Hawaii.
Google Inc. said Friday it will close a music download service in China, further reducing its presence in the world's most populous Internet market two years after the company closed its mainland search engine in a dispute over censorship and computer hacking.
Sept. 21 (Bloomberg) -- Republican presidential candidate Mitt Romney paid a 14.1 percent federal tax rate on $13.7 million of income in 2011, according to tax returns he released today.
Several Federal Reserve officials made clear this week that Chairman Ben Bernanke commands broad support for the Fed's plan to continue stimulating the economy if hiring doesn't pick up.
Sept. 21 (Bloomberg) -- The euro fluctuated against the dollar and yen as investors speculated whether Spain will request aid to contain rising borrowing costs.
Sept. 21 (Bloomberg) -- U.S. stock-index futures rose and oil advanced for the first time in five days as commodities pared a weekly decline. The euro trimmed earlier gains against the dollar.
Sept. 21 (Bloomberg) -- Treasuries pared losses amid speculation whether European policy makers will unveil a financial bailout program for Spain as early as next week.
Sept. 21 (Bloomberg) -- Vivendi SA’s Universal Music Group won European Union approval to take over the recorded-music business of EMI Group, after pledging to sell about a third of EMI assets to cut the combined group’s market share.
The leaders of Italy and Greece are insisting on the “absolute need” to preserve the eurozone, as Greek politicians struggle to put together an austerity package critical to the country's financial survival.
Pearl Jam front man Eddie Vedder isn't singing Republican Mitt Romney's praises.
KB Home saw an increase in net orders and the number of homes delivered during its third quarter as it returned to a profit thanks partly to a tax benefit.
A German court has dismissed Apple Inc.'s claim that Samsung Electronics and Google Inc.'s Motorola Mobility infringed patents used in touch-screen devices.
MicroVision Inc., which develops energy-efficient, high-resolution drivers for miniature video displays, on Friday announced the resignation of its chief financial officer and said it has begun a search for his replacement.
The U.S. Department of Agriculture plans regional meetings with local officials to learn more about impacts from this year's drought and to discuss how to leverage existing resources to speed recovery efforts.
Two analysts raised their forecasts for ConAgra Foods Inc. on Friday, citing the company's strong fiscal first-quarter performance and easing commodity costs.
Vivus Inc. said Friday it believes a panel of advisers to the European Union's health agency will recommend against approving its weight loss drug Qsymia.
Real estate website operator Trulia, which climbed a hefty 41 percent in its public debut, says that the underwriters of its initial public stock offering have fully exercised their option to buy more shares at the IPO price.
At the end of August, President Barack Obama had about $88.8 million to spend on the final months of the campaign, nearly twice as much as Republican rival Mitt Romney, according to campaign fundraising reports released Thursday.
California Democratic Rep. Maxine Waters won't be charged with ethics violations following allegations she steered a $12 million federal bailout to a bank where her husband owns stock.
Unemployment rates rose in more than half of U.S. states last month, the latest evidence that hiring remains tepid across the country.
Spanish stocks led a recovery in global markets Friday amid speculation the country was preparing to tap a new European aid program, a day after uncertainty about the fragile world economy dented investor sentiment.
Sept. 21 (Bloomberg) -- Research In Motion Ltd. shares fell the most in more than a month after BlackBerry suffered disruption service at the same time as Apple Inc. introduced a new iPhone, the second time that’s happened in two years.
U.S. forecasters say Tropical Storm Nadine is slowly churning away from the Azores out in the Atlantic.
The U.S. Marines conducted their first test flights of the MV-22 Osprey aircraft in Japan on Friday after months of protests over safety concerns.
President Barack Obama has signed a proclamation creating a national monument at the dramatic rock formation in southwestern Colorado on a site that was home to the ancestors of modern Pueblo Indians 1,000 years ago.
Supreme Court Justice Clarence Thomas is not a fan of law school rankings.
President Barack Obama is seeking to turn the tables on Mitt Romney by dismissing his presidential rival's claim that he can change Washington from the inside. Obama asked: “What kind of an inside job is he talking about?”
Mitt Romney's presidential campaign has released a letter from his doctor saying he's healthy and physically fit to meet the rigorous demands of a presidency.
The Social Security payroll tax cut should be allowed to expire at the end of this year and lawmakers should turn instead to overhauling the entire federal tax code, House Minority Leader Nancy Pelosi said Friday.
A fleet of picture-snapping NASA satellites that for 40 years has documented forest fires, tsunamis and everyday changes in the Earth's geography will soon get a new member.
A large plastic bin is the first confirmed piece of marine debris from last year's Japan tsunamis to arrive in Hawaii, the National Oceanic and Atmospheric Administration said Friday.
The residents of the quirky Alaska tourist town of Talkeetna were asked to evacuate Friday because the nearby river continues to rise after heavy rains.
Mitt Romney struggled to steady his presidential campaign on Friday, buffeted by an outbreak of sniping by frustrated Republicans, fresh evidence of a slide in battleground state polls and President Barack Obama's accusation that he was writing off “half the country” in pursuit of the White House.
The U.S. Justice Department has made public the names of 55 Guantanamo prisoners who have been approved for transfer to the custody of other countries. The information has been sought by human rights organizations.
The mediator who oversaw compensation for victims of the Sept. 11 attacks will oversee the distribution of money donated to the victims of the deadly shooting at a suburban Denver movie theater, Gov. John Hickenlooper said Friday.