Bank of America Corp plans to cut 3,500 jobs in the next few weeks as CEO Brian Moynihan tries to come to grips with the bank's $1 trillion pile of problem home mortgages.
The iPad 3 is in development, according to a report. Apple's new tablet will likely be released in early 2012, the report said.
Gold rose 1.5 percent on Friday, setting a record high for a second straight day and heading for its biggest one-week gain in 2-1/2 years on worries about stalled U.S. growth and Europe's debt crisis.
Long live 'The King!' Burger King has dethroned its mascot 'The King,' in an effort to switch up its ad campaign which will focus more on the food and its preparation from fresh ingredients, according to a Burger King spokesperson.
Gold set a record high on Friday on safe-haven buying but commodities rebounded after the U.S. dollar plunged to a record low against Japan's currency on speculation authorities will not halt the yen's surge.
South Africa's National Union of Mineworkers members at Impala Platinum on Friday rejected a revised pay rise offer from the world's second largest producer of the precious metal and will refer the dispute to arbitration.
South Africa's National Union of Mineworkers said Anglo American Platinum (Amplats), the world's largest platinum producer, again raised its wage offer on Friday, trying to head off a strike that could cause a jump in global prices of the precious metal.
Singapore billionaire Peter Lim has made a significant investment in UK-based sports car maker McLaren Automotive, the company said.
IBM says its new chip comes closer than anything done before at replicating the human brain, a breakthrough considering the system is capable of rewiring its connections as it encounters new information the same way a human brain would.
Burger King has dumped its creepy King mascot in favor of emphasizing its new healthy options, according to USA Today.
Hewlett-Packard is making a bold move to reshape its business that analysts are applauding as having long-term upside. In the short term, however, investors are concerned about the cost and risks involved -- sending HP shares down 16.23 percent Friday in pre-market trading.
HP dumped its webOS Touchpad tablet, the Taliban attacked a British cultural center in Kabul, five were killed at a Belgian music festival, and more in today's Daily Scoop.
In a bold move, Apotheker -- who took the job as HP CEO in November -- has decided to spin off the company's PC unit that accounted for 30 percent of sales in the most recent quarter. But it's not hard to understand why, since HP's PC unit, despite being the largest in the U.S., generated only a 5.9 percent operating margin.
For presidential hopefuls in a campaign that is all about the U.S. economy, the Republican contenders have offered few clear plans for what they would do to get the country's finances back on track.
Mutual funds and other vehicles that purport to help investors fight inflation are the most popular new investment strategy being adopted by corporate retirement plans, according to a new survey released on Thursday.
Oslo mass killer Anders Breivik will make his second court appearance Friday as relatives of the 69 people he gunned down gather on the island where they died, ahead of a national day of remembrance.
Gold prices rallied more than 2 percent to a record highs on Friday as investors sought refuge from a second day of hefty losses on the stock markets, hurt by deepening concerns over slowing economic growth and the outlook for euro zone banks.
An ugly sell-off in global stocks gathered pace on Friday, on mounting concerns the U.S. economy is heading into another recession and as some European lenders faced a short-term funding crunch, highlighting the risk of a banking crisis.
The company behind what is expected to one day be the world's largest solar power plant on Thursday said the California project will use photovoltaic technology instead of solar thermal power because of the dramatic drop in the price of solar panels.
Former Blockbuster chairman and CEO John Antioco has been tapped to head Rave Cinemas, the company announced Wednesday, succeeding Charles B. Moss as the company's chairman on September 19.
Trust Company of the West CEO Marc Stern offered to be a sacrificial lamb to keep unhappy star bond fund manager Jeffrey Gundlach at the firm, he testified in court.
The U.S. Justice Department is investigating the rating agency Standard & Poor's over its actions on mortgages leading up to the financial crisis, a source familiar with the matter said on Thursday.
European stocks are slated for another fall on Friday after Asian stocks slumped on growing fears the U.S. economy was sliding into recession and as some European lenders faced short-term funding strains, raising fears of a systemic banking crisis on the continent.
Gold surged to record highs on Friday for a second consecutive session as investors reached for the safety of bullion amid a worsening economic outlook for the United States and concern about the health of Europe's banks.
Bank of America is cutting 3,500 jobs this quarter and working on a restructuring that could eliminate thousands of additional positions, the Wall Street Journal reported, adding to a slew of layoff by major banks.
Hewlett-Packard Co may spin off the world's largest PC business, part of a wrenching series of moves away from the consumer market, including killing its new tablet and buying British software company Autonomy Corp for as much as $11.7 billion.
Mid- and small-capitalization stocks sank for a third straight day on Thursday in a wide selloff on continued fears about the global economy's growth prospects.
While no deal has been reached yet, Verizon workers left the sidewalks of the telecom company's headquarters and took their strike to the homes of Verizon's top executives, Chairman Ivan Seidenberg and Chief Executive Officer Lowell McAdam, this week.
U.S. mortgage rates are falling to 50-year lows, even as existing home sales remains soft, with both stemming from uncertainty regarding the outlook for the U.S. economy. In this uncertain time, what should prospective home buyers do? Here are five tips that will help you make an informed home purchase decision.
Hewlett-Packard may announce a bold plan as early as today to completely remake the company -- shedding its PC unit and acquiring enterprise software company Autonomy Corp for $10 billion.
