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Business News
Bank of America settlement likely to benefit few
WASHINGTON (AP) -- Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds - $7 billion of it geared for consumer relief - offers a glint of hope for desperate homeowners....
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How the Dow Jones industrial average did Thursday
The stock market advanced for a fourth straight day Thursday, pushing the Standard & Poor's 500 index to a record high. Investors were encouraged by news that the number of people seeking unemployment benefits remains at a multi-year low. Hewlett-Packard rose after delivering better results, while Sears plunged after reporting that its loss doubled from a year ago....
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Home Depot says Menear will become CEO on Nov. 1
NEW YORK (AP) -- Home Depot says Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1....
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Gap beats Street 2Q forecasts
SAN FRANCISCO (AP) -- Gap Inc. (GPS) on Thursday reported fiscal second-quarter net income of $332 million....
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Hormel Foods and Hertz are big market movers
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:...
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