NEW YORK - Bank of America Corp on Thursday has said it will stop offering home mortgages through brokers by the end of the year, resulting in a loss of 700 jobs, so that it may focus on lending directly to consumers.
NEW YORK - Bank of America Corp on Thursday has said it will stop offering home mortgages through brokers by the end of the year, resulting in a loss of 700 jobs, so that it may focus on lending directly to consumers.
SEATTLE - Microsoft Corp lifted its full-year estimates and posted a 23 percent rise in quarterly profit on Thursday, topping investor expectations on strong demand for “Halo 3″ and Windows Vista, and sending its shares up 11 percent.
WASHINGTON - Oil major BP on Thursday agreed to pay $373 million to settle United States charges stemming from a deadly Texas refinery explosion, an Alaska oil spill and allegations it manipulated the propane market.
SAN FRANCISCO - Microchip equipment maker KLA-Tencor Corp posted a quarterly profit in line with expectations on Thursday, but gave a cautious outlook due to scaled-back spending plans by a few chipmakers.
LOS ANGELES - Wildfires in Southern California are exacerbating a difficult retail environment in a state already hit by declining home sales and mortgage woes that have cut into consumer spending.
NEW YORK - Stocks fell on Thursday after disappointing results from Comcast and engine maker Cummins fed worries about corporate profits, while fears of more credit losses hit financial shares.
NEW YORK - Hartford Financial Services Group Inc , the fourth-largegest United States insurer by assets, has said on Thursday that third-quarter net income rose 12 percent, helped by growth in its life insurance operations.