Business

Business Bank of America reaches $17 billion settlement with US Bank of America reaches $17 billion settlement with US
Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.
Business Target cuts outlook as breach fallout lingers Target cuts outlook as breach fallout lingers
Target Corp. slashed its annual profit outlook for the second time in three months as the retailer continues to reel from costs related to a massive data breach, a botched expansion in Canada and sluggish sales in the U.S.
Business Apple's stock bounces back to hit a new high Apple's stock bounces back to hit a new high
Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs.
Business Yellen to give her outlook as Fed honeymoon fades Yellen to give her outlook as Fed honeymoon fades
Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks
Business McDonald's to sell packaged coffee nationally McDonald's to sell packaged coffee nationally
McDonald's plans to start selling its packaged coffee at supermarkets nationally by early next year, a move intended to help raise the profile of the coffee sold at its U.S. restaurants.
Business Unemployment rises in most U.S. states in July Unemployment rises in most U.S. states in July
Unemployment rates rose in 30 U.S. states last month, even as employers in two-thirds of the states stepped up hiring. The trends reflect an increase in job-hunters nationwide as an improving economy has encouraged more people to seek work.
Business U.S. homebuilder confidence rises in August U.S. homebuilder confidence rises in August
U.S. homebuilders are feeling more confident in their sales prospects headed into next year, a sign that home construction and sales of newly built homes may pick up after stalling this summer.
Business Google's pivotal IPO launched a decade of big bets Google's pivotal IPO launched a decade of big bets
Google's IPO, a decade ago this week, launched the company on a trajectory that continues to reshape its business and much of the world in its orbit. And CEO Larry Page is determined to push even further.
Business China says Mercedes guilty of price abuses China says Mercedes guilty of price abuses
China's government said Monday it has concluded Mercedes-Benz violated anti-monopoly law and charged excessive prices for parts, adding to a growing number of global automakers snared in an investigation of the industry.