IBT Staff Reporter

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Occupy Wall Street and rose-tinted glasses

Two weeks into the Occupy Wall Street protests, one of America’s most respected polling firms released an astonishing survey on economic divisions showing that a majority of Americans don’t think their society is divided between haves and have-nots.

Breaking Bad season finale ends best season

Here's the dilemma about Sunday night's Breaking Bad season finale: We can't wait to see it. But once we do, we won't get any more Breaking Bad episodes for...well, a long time.

John Wayne's green beret fetches high auction price

A green beret worn by revered American actor John Wayne in the 1968 war-drama film The Green Berets, raised a record price for a costume hat of $179,250 in an auction that finished on Friday, auctioneers said.

AT&T sold 200,000 iPhones in 12 hours

AT&T sold more than 200,000 of Apple Inc's latest iPhone in the first 12 hours and said it had seen extraordinary demand for a gadget unveiled a day before the death of Apple co-founder Steve Jobs.

U.S. deficit at $1.3 trillion in fiscal 2011

The U.S. government's budget deficit in the fiscal year that ended on September 30 was $1.3 trillion, equal to 8.6 percent of gross domestic product, the nonpartisan Congressional Budget Office said on Friday.

BofA to pay $11 million total to Price, Krawcheck

Bank of America Corp will pay $11 million to ousted executives Joe Price and Sallie Krawcheck, a large payout at a time when banks face protests over pay but smaller than the eight-figure packages some executives received before the financial crisis.

Sprint seeks to raise capital; investors flee

Sprint Nextel Corp said it needs to raise more money and signaled it will burn through its cash reserves, raising concerns about the wireless provider's financial stability and business strategy.

CBS' Big Bang Theory, Fox win ratings night

CBS' The Big Bang Theory was Thursday's highest-rated show, while Grey's Anatomy hit a series low and Charlie's Angels plunged 20 percent. The X Factor pushed Fox to an overall win for the night, according to preliminary numbers.

Simpsons actor offers to take 70 pct pay cut

One of the actors on animated comedy The Simpsons said on Friday he had offered to take a 70 percent pay cut in order to save the long-running Fox TV series from a threat of cancellation.

New York crime ring was sweet on Apple: police

A New York-based crime ring that used forged credit cards to mainly buy and resell Apple products overseas has been busted, police said on Friday in what was described as the largest identity fraud case in U.S. history.

Consumer credit falls $9.5 billion in August

U.S. consumer credit posted its largest decline in more than a year in August, according to a Federal Reserve report on Friday that suggested consumers were reluctant to hold more debt amid a shaky economic recovery.

Disney's Iger to leave CEO post in 2015

Walt Disney Co Chief Executive Bob Iger will step down as CEO in March 2015 after nearly a decade at the helm, setting in motion a succession plan for the largest U.S. media and entertainment company.

Wal-Mart must finally show a U.S. rebound

Wal-Mart Stores Inc's international business is growing. Its Sam's Club warehouse unit shines. Its expanding online operation is being revamped. Still, investors largely care about just one thing: can the retail giant finally fix its U.S. stores?

Sprint faces cash burn, investors flee

Sprint Nextel Corp signaled that it could spend more money than it brings in over the next few years, even without accounting for the high costs of selling the Apple Inc iPhone, sending its shares down 13 percent.

Will Sprint's Apple iPhone Gamble Pay Off?

Sprint has already committed to purchasing 30.5 million iPhones over 4 years, which is estimated to cost $20 billion at current rates. The decision could reap rewards for the struggling carrier, or could have devastating consequences.

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