Weakness at the financial giant’s investment banking unit dragging down solid results from its traditional banking business
by Ben Steverman
After missteps on Wall Street, Bank of America (BAC) says it will make big changes in its investment banking business to stop it from spoiling the big bank’s success on Main Street.
On Oct. 18, BofA reported earnings […]

Thursday October 18, 9:41 pm ET
By Michael Liedtke, AP Business Writer
Google’s 3Q Profit Climbs 46 Percent to Top Analyst Expectations
SAN FRANCISCO (AP) — Google Inc. rode the Internet advertising wave to another sparkling quarter, justifying the investor confidence that lifted its stock price by more than $100 during past month to establish the online search […]

Apple Lowers Price of Songs on ITunes Without Anti-Copying Software
October 16, 2007: 05:04 PM EST
NEW YORK (Associated Press) - Apple Inc. is lowering the prices of songs it sells online without copy-protection to 99 cents from $1.29, a company spokeswoman said Tuesday.
The reduction, which started appearing on songs Tuesday, puts Apple closer in line with […]

Market remains under pressure amid higher oil prices, credit market worries and bet by Fed chief that more housing weakness is ahead.
October 16 2007: 12:08 PM EDT
NEW YORK (CNNMoney.com) — Stocks moved off their lows but remained in the red as sky-high oil prices, credit market concerns and troubling comments about the housing sector by […]

Financial sector leads decliners on Citigroup’s weak profits, debt rescue fund implications; crude hits all-time high above $86 a barrel.
By Alexandra Twin, CNNMoney.com senior writer
October 15 2007: 8:20 PM EDT

NEW YORK (CNNMoney.com) — Stocks tanked Monday, with the Dow posting its biggest one-day loss in more than a month, after Citigroup’s weak profit report and […]

NOAH Education Holdings Ltd, a Chinese producer and distributor of electronic learning products, will launch its initial public offering on the New York Stock Exchange on Thursday.
The company plans to offer 9.8 million American Depositary shares at a price range of US$9.80 to US$11.80 per share. It plans to use its net proceeds from […]

October 13, 2007: 12:05 AM EST
U.S. stocks will face challenges next week, as earnings season gets in full gear with major bank reports and some key technology stocks on tap, while inflation data could further dent hopes that the Federal Reserve will continue cutting interest rates.
Among the highlights of the week be earnings from banking […]

By TSC Staff 10/12/2007 1:34 PM EDT
Tech stocks were on the rebound Friday after the previous session’s steep slide. News of a big buyout offer in the software space helped to boost the sector.The tech-heavy Nasdaq 100 index recently was up 29 points, or 1.4%, to 2170, led by software maker BEA Systems […]

Stocks Open Modestly Higher
Friday October 12, 10:04 am ET
By Tim Paradis, AP Business Writer
Stocks Open Modestly Higher Following McDonald’s Forecast, Inflation, Retail Figures NEW YORK (AP) — Stocks rose modestly in early trading Friday after readings on inflation and retail sales as well as reports from McDonald’s Corp. and General Electric Co. indicated the economy […]

[BRIEFING.COM] The Dow and S&P were at new highs until 14:00ET when the market steeply sold off in a profit-taking move. The tech sector spear-headed the retreat, which caused the Nasdaq to finish the day 2.2% lower than its intraday high.
Reportedly, the sell-off was prompted by inflation warnings made by Axel Weber, a European Central […]