IBT Staff Reporter

The California attorney general's office subpoenaed Bank of America Corp this week about the sale and marketing of troubled mortgage-backed securities to investors in the state, the Los Angeles Times reported.

Quebec's Liberal government bowed to two years of pressure on Wednesday and announced a probe into allegations of corruption in the construction industry in the predominantly French-speaking province.

Lower textbook sales and impact of weak credit markets on its S&P rating business weigh down on McGraw-Hill earnings. The company plans to cut at least $100 million in costs over next 15 months.

Canada will sign contracts with shipyards in Nova Scotia and British Columbia under a C$35 billion ($35 billion) shipbuilding program, the largest in the NATO country's history.

Major U.S. stock indexes reversed direction to turn lower in morning trading on Thursday as more doubts emerged over whether European leaders could reach a deal on further strengthening the region's rescue fund.

When Google Inc unveiled its latest version of Android, the operating platform powering 50 percent of the global smartphone market, it picked Hong Kong as the destination to show off the new software on Wednesday.

New U.S. claims for unemployment benefits fell last week and a gauge of labor market trends hit a six-month low, a government report showed on Thursday, pointing to an improvement in the jobs market.

Nokia reported a smaller than expected fall in third quarter profits on Thursday, boosted by strong sales of simple cell phone models.

Average mortgage rates essentially held steady this week as they remain near their 60-year lows.

The European Union has agreed that around 100 billion euros is needed to recapitalise the European banking system, but splits remain before a high-profile summit on Sunday over how to strengthen the euro zone's bailout fund.

Ford said the labor pact with United Auto Workers union would cost $280 million in lump-sum payments in 2011, and average about $80 million annually for remainder period through 2015.

Ousted Olympus Corp <7733.T> chief executive Michael Woodford is consulting police over whether he needs protection after passing new information to British fraud investigators about the Japanese company's irregular payments to advisory firms.

Barnes & Noble hopes to rely less on book sales, better compete against e-commerce rivals.

Wall Street flat-lined at the open on Thursday after a report suggested a much anticipated European summit on resolving the region's debt crisis may be postponed, but investors looking for a U.S. earnings season rally put a floor under the market.

Apple has sold over 4 million units of the new smartphone iPhone 4S through different retailers and carriers since last Friday. Although iPhone 4S looks identical to its predecessor -iPhone 4 - it has significant upgrades in both hardware and software, including an A5 chip, an 8-megapixel camera, Siri Voice assistant and iOS 5, which boast of over 200 new features. iPhone 4S: How Does Apple's Latest Smartphone Compare Against Motorola Droid Bionic and Samsung Galaxy S II

EU member states have agreed that around 100 billion euros is needed to recapitalize the European banking system, but splits remain before a high-profile summit on Sunday over how to strengthen the euro zone's bailout fund.

One in 10 Americans is on antidepressants, according to a new survey by the Centers for Disease Control -- a 400 percent increase from a decade ago.

The ScholarShares Investment Board in California, which runs the 529 plan, has announced that it will shut down the ScholarShare plan sold through brokers and financial advisers because it didn't manage to find a manager.

Motorola took the wraps off the new Droid Razr on Tuesday, announcing that it will be available for pre-order October 27 and will hit Verizon Wireless stores early in November. As Motorola's iconic brand, the Droid Razr is claimed to be the thinnest smartphone to date and among the lightest ever made.

The drug maker recorded strong revenue but warned that pending availability of generics will hit at sales of Zyprexa, Cymbalta and Evista, which together accounted for 41 percent of third-quarter sales.

We compare the iPhone 4S to Samsung's Galaxy Nexus and what it means for mobile gaming.

While it may seem incredible that Hallmark items are becoming the hottest Star Wars collectibles at many conventions, when IBTimes sat down with Christine Taylor, license creative account manager for Hallmark's License Design Studio, it became clearer that the company's passion for the items it's offering these days -- which have expanded far beyond ornaments -- runs deep.

MIT scientists are developing a radar area that lets them "see" through walls.

HTC is expanding its line of EVO devices. Together with Sprint, the mobile maker announced the HTC Evo 4G Design today, available October 23 for a modest $99.99 price tag (after a $50 mail-in rebate).

Sprint Nextel has announced the HTC EVO Design 4G and it will hit retail stores on October 23 for $99.99, with a new two-year contract and after a $50 mail-in rebate. The phone is smaller and less powerful than last year's HTC EVO 4G, though it has the same price.

Researchers at Microsoft Research and Carnegie Mellon University have produced a wearable touch screen sensor system that can transform virtually any surface into a manipulable interface.

We compare Google's latest mobile OS offering against Apple's newly released iOS 5.

With the new features and Android 4.0 announced on Samsung's Galaxy Nexus, should Apple be worried?

AT&T Inc's quarterly revenue fell short of Wall Street estimates, as wireless customers spent less than expected in the quarter ahead of the latest Apple Inc iPhone launch, sending its shares down 2.5 percent in early trade.