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Bank of America earnings soar 70 percent

Bank of America's profits jumped 70 percent in the second quarter, helped by cost-cutting and higher earnings from investment banking. Bank of America, the country's second-biggest bank by assets, has been slimming down and cutting jobs since the beginning of 2010.
Pop-Tarts' new flavors: Will they woo adults?

Pop-Tarts' new flavors may be part of the Kellogg corporation's efforts to win back adults, who have drifted away from the breakfast market, by piling on the nutrition.
Stocks edge higher on drop in jobless claims

Stocks closed higher on Wall Street but only after giving up much of the ground they won earlier in the day. Good news on jobless claims and healthy earnings from name-brand companies like Royal Caribbean and Harley-Davidson encouraged investors to buy stocks.
Stocks stumble after a fake tweet announced White House attack

Stocks lost and then recovered on Tuesday after a false tweet announced an attack on the White House. In a matter of minutes, the stock market declined by one percent.
Ford's $1.6 billion earnings beat expectations

Ford says growth in US and China is making up for declines in Europe and South America. Ford quarterly revenue rises 10 percent and net income goes up 15 percent.
AAPL: sweeter dividend, sour outlook

Apple (AAPL) will give shareholders $100 billion over the next two years by boosting its dividend 15 percent. Although AAPL beat earnings and revenue estimates for the quarter, it says revenue could fall this quarter.
Bank of America settles lawsuit; profits disappoint

Bank of America has agreed to settle a class action lawsuit brought against Countrywide Financial, its troubled mortgage lending arm. The settlement came as Bank of America announced its first quarter income, with profits soaring but failing to meet analysts' expectations.
Yoga pants recall hits Lululemon stores (+video)

Yoga pants recall involves the Lululemon fitness brand's popular black yoga pants, which were found to be too revealing. The company blamed a 'major quality control problem' for the yoga pants recall.
Stocks up; Dow on longest streak since '96

Stocks closed up on Wall Street Wednesday with the Dow Jones industrial average notched its ninth gain in a row, giving the index its longest winning streak in more than sixteen years. Demand for stocks has been propelled this year by optimism that the housing market is recovering and that companies have started to hire.
Coscto earnings beat expectations

Costco's net income rose 39 percent as the wholesaler pulled in more money from membership fees, improved sales, and a large tax benefit.
Stocks rise on burst of hiring

Stocks rose on Wall Street Friday on news that US employers added 236,000 jobs last month. Stocks have also been boosted by continuing economic stimulus from the Federal Reserve.
Groupon stock tumbles on disappointing year's end

Groupon booked a net loss of $81.1 million at the end of 2012, sending Groupon stock falling in after-hours trading.
Wal-Mart weak forecast gives glimpse of economy

Wal-Mart forecast: The poor and middle-class Americans Wal-Mart caters to — and who are big drivers of spending in the U.S. — are struggling with rising gas prices, delayed income tax refunds and higher payroll taxes.
Sales back at J.C. Penney: Can they recover from their marketing fumble?

Only a year after swearing off sales, J.C. Penney is bringing them back. J.C. Penney used to run some 600 sales each year, but isn't saying how many are coming back.
Stocks rise with S&P 500 in longest winning streak since 2004

Stocks rose on Wall Street Friday as the Standard & Poor's 500 index closed above 1,500 for the first time since the start of the Great Recession in 2007. Apple stock continued to decline, allowing Exxon Mobil to once again surpass the electronics giant as the world's most valuable publicly traded company
Transocean stock up as Icahn buys stake

Transocean stock rose 3 percent Monday on news that billionaire investor Carl Icahn bought a minor stake in the oil drilling company, Transocean.
American Express to slash 5,400 jobs

American Express Co. said Thursday that it will cut about 5,400 jobs, mainly in its travel business. The job cuts will be partly offset by jobs that American Express expects to add this year.
ADP: New jobs reached 10-month high in December (+video)

ADP monthly employment survey showed businesses added 215,000 jobs last month, the most in 10 months and much higher than November's total of 148,000. Economists tend to be cautious of the ADP report because it can diverge sharply from government job figures.
In Gear Zipcar bought by Avis for $500M cash

Zipcar, the popular car-sharing service, will be bought by rental car company Avis in a cash deal worth nearly $500 million. The merger will help Zipcar meet high weekend demand and should boost Avis' earnings.
Stocks move higher as budget talks progress

Stocks rose Monday as signs of fiscal cliff progress in Washington made their way to Wall Street. Stock traders paused for a minute of silence at 9:15 a.m. EST to remember those killed in a gunman's rampage through a Connecticut elementary school.
Costco profit soars 30 percent on high sales, low prices

Costco's profits rose 30 percent in the fiscal first quarter on better sales and more revenue from membership fees. Costco's gain beat analysts' expectations, and stock rose 14 cents per share in premarket trading.
Stocks climb on hopes for 'cliff'-skirting deal

Stocks rose in afternoon trading Wednesday on signs that the US may avoid the 'fiscal cliff' after all. 'Fiscal cliff' concerns have weighed on stocks since the election.
Stocks close lower after weak retail reports

Stocks closed lower for the third day straight Thursday after weak reports from the nation's retailers. Debate over the impending fiscal cliff is also weighing on stocks.
Stocks slide as impasse over budget deficit looms

Stocks fell sharply Wednesday despite a signal from the Federal Reserve that it could launch a program to speed job growth.
Home Depot gains hint at housing market recovery

Home Depot shares rose nearly 4 percent Tuesday after the home improvement company beat earnings expectations in the third quarter. Glimmers of a housing market recovery and preparations for Superstorm Sandy contributed to Home Depot's strong perfomance.