IndyMac Bancorp Inc, one of the largest independent U.S. mortgage lenders, plans to cut 1,000 jobs and halve its dividend, and may report a third-quarter loss, as loan volumes decline and credit markets remain tight.
The rate of home loans entering the foreclosure process rose to a record high in the second quarter of 2007, driven largely by failing subprime mortgages, an industry trade group said on Thursday.
Movie-on-demand service Vudu, which launched on Wednesday, aims to lure customers from video rental shops and digital cable television with over 5,000 movies from major and independent studios ready to download.
U.S. stocks rose on Thursday, helped by an upbeat earnings outlook and favorable news in the biotech and pharmaceutical sectors, while economic data eased worries about a possible recession.
Facebook, the social-network site that has enjoyed explosive growth in new members over the past three months, said it plans to let users tell the rest of the world how to find them on the site.
Yahoo Inc has struck a deal to buy BlueLithium, the fifth-largest U.S. online ad network, for $300 million in cash, in the latest move to consolidate the fast-growing behavioral ad targeting market.
Title insurer First American Corp. said on Tuesday that it expected to reduce personnel by about 1,300 in the third quarter, citing rapidly changing economic conditions.
Flips and scams blamed in Southern Californian housing decline
Scientists observe how water makes its way to newly forming planets.
Imagine cramming 30,000 full-length movies into a gadget the size of an iPod.
California produce grower Metz Fresh LLC said on Wednesday it voluntarily recalled fresh spinach in grocery stores and food service packages after a sample tested positive for salmonella.
Subprime auto lender Triad Financial Corp., partly owned by Goldman Sachs, plans to cut 124 jobs in California next month, according to a notice filed with that state's department of labor.
U.S.-based Pizza Patrón's move to take Mexican currency at its stores initially sparked a backlash in January. But business has been booming.
EarthLink Inc said on Tuesday it will cut about 900 jobs, or nearly half its staff, as part of a restructuring to reduce costs at the Internet service provider.
Yahoo Inc said on Sunday it was giving its e-mail users more ways to reach friends and online contacts by allowing them to trade messages with mobile phone users.
Bhaviesh and Varsha Shah bought their dream home in a new development east of Los Angeles two years ago, planted flowers around an emerald lawn and picked out wicker furniture for sitting outside on cool afternoons.
The dollar weakened broadly on Friday as lingering worries about the recent global credit and liquidity squeeze outweighed surprisingly strong U.S. economic data.
Mobile game publisher Glu Mobile aims to eliminate the boredom that plagues the taxi driver while he waits for a fare or the commuter during those interminable minutes before the train.
Countrywide Financial Corp was expected to lead financial shares higher on Thursday after receiving a $2 billion injection from Bank of America Corp, easing fears the largest U.S. mortgage lender could go bankrupt and boosting optimism the sector will weather a credit shortage.
Countrywide Financial Corp on Wednesday received a $2 billion injection from Bank of America Corp, helping the largest U.S. mortgage lender shore up its finances as it struggles with a liquidity crunch.
Tilera Corp, a Silicon Valley semiconductor start-up, is launching a single microchip with 64 processing units, or cores, in a technological jump generations ahead of the mainstream.
A plague carried around the world by travelers, pets and curious teen-agers may show that experts have not taken everything into account when planning for an outbreak of disease, researchers said on Monday.
