Oct. 9 (Bloomberg) -- Capital One Financial Corp. said it was the latest target in a new round of coordinated cyber attacks aimed at disrupting the websites of major U.S. banks, and SunTrust Banks Inc. and Regions Financial Corp. said they expect to be next.
Oct. 10 (Bloomberg) -- Oil declined from the highest level in a week in New York before a government report that may show stockpiles climbed in the U.S., the world’s biggest crude user.
Home foreclosures in Spain, which disproportionately affected lower-income immigrants after the real estate bubble burst, are spreading to formerly well-to-do families and businessmen, as they run out of ways to pay mortgages in a deepening recession.
Oil advanced for the first time in three days as increasing tension in the Middle East countered concern that a global economic slowdown will curb demand.
Wells Fargo & Co. was sued by the U.S. government over claims the bank committed fraud by making reckless mortgage loans, according to a complaint filed in Manhattan federal court.
Stocks slumped Tuesday on Wall Street after the International Monetary Fund predicted weaker world economic growth and as investors waited for what they expected to be lower corporate earnings.
World stock markets fell Tuesday on a gloomy forecast from the IMF and worries over Europe's debt crisis ahead of the start of earnings season.
Question: What do Whittaker Chambers, Richard Nixon, John Roberts, Elena Kagan, Bill Clinton and Bob Dylan have in common?
Presidential candidate Mitt Romney says he will get the U.S. government’s finances in order and make life better for business. It’s a classic Republican pitch, but to what extent does it correspond to what he might really do as president?
The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea.
Oct. 9 (Bloomberg) -- U.S. stock-index futures were little changed as European Union finance ministers met in Luxembourg to discuss the region’s debt crisis and the International Monetary Fund cut its global growth forecasts.
Eager to expand in the United States, China's biggest technology companies face an America anxious about threats to jobs and national security.
Small business owners are growing more pessimistic.
Tool maker Stanley Black & Decker Inc. is selling its hardware and home-improvement business to Spectrum Brands Holdings Inc. for $1.4 billion in cash.
A couple from Hong Kong has sued a U.S.-based college admissions consultant for failing to get their two sons into an Ivy League university as he had allegedly promised.
Oct. 9 (Bloomberg) -- The U.S. Supreme Court turned away an appeal by two FirstEnergy Corp. units that sought to recoup $230 million they say they spent to acquire power for serving their Pennsylvania retail power customers.
Nine years after the Supreme Court said colleges and universities can use race in their quest for diverse student bodies, the justices have put this divisive social issue back on their agenda in the middle of a presidential election campaign.
The owners of a business featured in the cable television show “Pawn Stars” and the network that handles the show are being sued in Nevada state court by a Las Vegas promoter who claims he was wrongly fired in January and denied a share of profits.
The Philippine Supreme Court on Tuesday suspended implementation of the country's anti-cybercrime law while it decides whether certain provisions violate civil liberties.
Oct. 8 (Bloomberg) -- Impax Laboratories Inc. was sued by Avanir Pharmaceuticals Inc. for allegedly infringing a new patent for the drug Nuedexta, used to control abnormal emotional outbursts.
Oct. 8 (Bloomberg) -- Morgan Stanley can’t avoid liability for any inaccurate ratings on a group of notes backed by subprime mortgages by saying the information came from Moody’s Corp. and Standard & Poor’s, a judge ruled.
Oct. 9 (Bloomberg) -- U.S. state and local economies will grow more slowly next year than previously estimated in part because of bigger spending reductions from the federal government, according to Standard & Poor’s.
NBC slashes Jay Leno's “Tonight” pay in half, but forks out more than $8 billion to renew its broadcast rights to Sunday Night Football.
The drugmaker Merck & Co. announced Tuesday that it will move its global headquarters within New Jersey as it looks to lower operating expenses and consolidate its properties.
Oct. 9 (Bloomberg) -- Spain aims to prove the International Monetary Fund wrong over its 2013 economic forecast and the government will decide on the “sensitive” issue of a full bailout taking into account the impact for the whole euro area.
but the hikes may be slowing.
Oct. 9 (Bloomberg) -- Jack Welch, the former chief executive officer of General Electric Co., will stop writing for Thomson Reuters Corp. and Fortune magazine after backlash to his Twitter post suggesting President Barack Obama’s administration manipulated employment data for political gain.
A.O. Smith appointed its chief operating officer as CEO Tuesday. Current chairman and CEO Paul Jones will become executive chairman.
Workday Inc. said Tuesday that it now expects shares of its planned initial public stock offering to price at $24 to $26 each, up from its previously projected range of $21 to $24 per share.
Oct. 9 (Bloomberg) -- Honda Motor Co., the only automaker selling compressed natural gas cars to U.S. drivers, will offer $3,000 of the fuel to buyers of its CNG-powered Civic to expand sales of the vehicle amid surging California gasoline prices.
Oct. 9 (Bloomberg) -- Shares of VeriFone Systems Inc. pared losses after the New York City Taxi Commission refuted a report that rival payments company Square Inc. was near a deal to put its credit-card reader in more city cabs.
Penske Media Corp., the owner of the snarky entertainment website Deadline, has purchased venerable show business publication Variety for $25 million.
Oct. 9 (Bloomberg) -- Alcoa Inc., the largest U.S. aluminum producer, reduced its forecast for global consumption of the metal by 1 percentage point after the Chinese economy slowed.
Netflix's see-sawing stock plummeted nearly 11 percent Tuesday amid fresh concerns about the video subscription service's slowing U.S. growth and its ability to pay for enough compelling content to keep its customers satisfied.
Sales of Japanese vehicles nosedived in China during September as anti-Japanese sentiment flared over a territorial dispute that threatens to hobble what was a booming business relationship between Japan and its biggest export market.
Netflix CEO Reed Hastings is leaving Microsoft's board of directors next month, giving him more time to focus on the myriad of challenges facing Netflix's video subscription service.
Oct. 10 (Bloomberg) -- Lenovo Group Ltd. is betting on four Windows-based notebook-tablet convertible devices to win market share from Apple Inc. and Samsung Electronics Co., even as sales in the product segment decline.
Two Democratic lawmakers are calling for stricter federal oversight of compounding pharmacies in the wake a deadly meningitis outbreak linked to contaminated injections made by a Massachusetts specialty pharmacy.
Oil giant Chevron Corp. said Tuesday that third-quarter earnings will be “substantially lower” than in the second quarter.
The federal government has sued Wells Fargo in a New York court, accusing the nation's largest mortgage lender of misrepresenting the quality of thousands of loans in order to be eligible for federal loan insurance.
Oct. 10 (Bloomberg) -- Royal Bank of Scotland Group Plc agreed to sell two buildings in Frankfurt and Berlin to Axa Investment Managers SA in the biggest German commercial real estate transaction this year, according to two people with knowledge of the matter.
Oct. 9 (Bloomberg) -- International Monetary Fund official Carlo Cottarelli said the U.S. needs a medium-term plan to reduce its budget deficit as the danger of the biggest fiscal tightening in more than six decades threatens economic growth.
Oct. 9 (Bloomberg) -- Treasuries rose the most in three weeks as stock markets declined after the International Monetary Fund cut its economic forecasts and said there is an “alarmingly high” risk of a steeper slowdown.
Oct. 9 (Bloomberg) -- A U.S. and a French scientist won the Nobel Prize in Physics for work in quantum optics that paved the way for precision clocks and may lead to a new generation of super-fast computers.
Oct. 9 (Bloomberg) -- Gold was seen gaining for the first time in three days in New York on speculation central banks’ stimulus measures will spur demand for a protection of wealth.
Stock futures are mixed as a new outlook on the global economic landscape provides the markets with fewer arguments to overlook what is likely to be a weak quarter for many of the biggest U.S. corporations.
Oct. 9 (Bloomberg) -- A gauge of U.S. corporate credit risk rose to the highest level in four days after the International Monetary Fund reduced its global growth forecast.
U.S. Treasury Secretary Timothy Geithner met Tuesday with India's finance minister to discuss lowering trade and investment barriers just weeks after the Indian government started a drive to reignite the nation's declining economic growth.
ATHENS, Greece (AP) _ German leader Angela Merkel arrived amid draconian security measures and a mass protest in Athens Tuesday for her first visit to Greece since the eurozone crisis began there three years ago. Her five-hour stop is seen by the Greek government as a much-needed boost for the country's future in Europe -- but protesters view it as a harbinger of further austerity and hardship.
Plagued by uncertainty and fresh setbacks, the world economy has weakened further and will grow more slowly over the next year, the International Monetary Fund says in its latest forecast.
saying Tuesday that the forecast is not written in stone.
About 100 medium-sized U.S. banks will have to show how prepared they are to withstand a financial crisis next year, under a rule adopted Tuesday.
Researchers at the University of Arizona have won a $1.4 million grant to study the occupational and environmental health effects of underground mining equipment that runs on biodiesel-blend fuels.
The Supreme Court is leaving in place a federal law that gives telecommunications companies legal immunity for helping the government with its email and telephone eavesdropping program.
The Supreme Court has ruled out reviving lawsuits against Halliburton Corp. over insurgent ambushes that killed civilian truck drivers in Iraq.
The Supreme Court is staying out of the fight over efforts by Amazon rain forest residents to collect more than $18 billion from Chevron Corp. for environmental damage in Ecuador.
Authorities say three Iraqi soldiers have been killed and 16 people have been wounded in the latest attacks across the country.
A series of explosions rocked a Russian military test site on Tuesday, releasing giant clouds of smoke over the city of Orenburg near the Kazakhstan border and causing aftershocks.
The Mexican navy says fingerprints confirm that Zetas cartel leader Heriberto Lazcano was fatally shot in a firefight with marines, but federal authorities don't have the body.
Oct. 9 (Bloomberg) -- The U.S. Supreme Court refused to open telecommunications companies to lawsuits accusing them of violating the privacy of millions of Americans by cooperating with government wiretaps after the Sept. 11 attacks.
Oct. 9 (Bloomberg) -- Chevron Corp. lost a U.S. Supreme Court bid to block a $19 billion judgment by an Ecuadorean court in an almost two-decade legal battle over pollution in the Amazon rain forest.
In 2002, a New York City street gang crashed a christening party, shouted out their superiority, confronted a rival and started a fight that left a 10-year-old girl dead and someone else paralyzed.
Extreme athlete and skydiver Felix Baumgartner has canceled his planned death-defying 23-mile free fall into the New Mexico desert because of high winds.
Oct. 9 (Bloomberg) -- University trustees should review coaches’ contracts and learn the business of college sports to get a better grip on their athletic departments, according to a Knight Commission on Intercollegiate Athletics report.
Fourteen-year-old Malala Yousufzai was admired across a battle-scarred region of Pakistan for exposing the Taliban's atrocities and advocating for girls' education in the face of religious extremists. On Tuesday, the Taliban nearly killed her to quiet her message.