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Wall Street

A sign outside a Bank of America branch in San Francisco. (Justin Sullivan/Getty Images)

US Judge Slaps B of A With $1.3B Fine For Mortgage Fraud; First Ever Such Ruling Against Bank

A federal judge imposed a $1.3 billion civil penalty against Bank of America for its role in selling risky mortgages to Fannie Mae and Freddie Mac. This is the first time a bank has been found liable under federal law for mortgage fraud leading up to the financial crisis

3 hours ago

(Photo Credit: Stan Honda/Getty Images)

GM 2Q Profit Falls 85 Percent On Recall Costs

General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.

07/24/2014

Stock traders on Wall Street. (Spencer Platt/Getty Images)

Stocks Nosedive Again: Dow Down Nearly 500 In 2 Days

Investors are worried about slower economic growth in China, a gloomier outlook for U.S. corporate profits and an end to easy money policies in the United States and Europe. They’re also fretting over country-specific troubles around the world—from economic mismanagement in Argentina to political instability in Turkey.

01/24/2014

(credit: GABRIEL BOUYS/AFP/Getty Images)

User Burnout Could Threaten Twitter’s Prosperity

A growing number of celebrities, athletes and self-promoters are burnt out and signing off of Twitter. Many have gotten overwhelmed…

11/06/2013

Oracle Corp. company headquarters in Redwood Shores. (Justin Sullivan/Getty Images)

Oracle 1Q Profit Rises 8 Percent, Tops Wall Street View

Higher software revenue helped lift Oracle Corp.’s fiscal first-quarter net income by 8 percent.

09/18/2013

Stock traders on Wall Street. (Spencer Platt/Getty Images)

Bay Area Stocks Among Those Battered On Wall Street

Several Bay Area stocks were among those losing ground Thursday. Apple Inc. was down more than $6 on the day, while Google stock was off more than $10 and Chevron slid some 2.5 percent.

06/20/2013

Stock traders on Wall Street. (Spencer Platt/Getty Images)

S&P 500 Reaches New High, Led By Tech

Technology companies led the Standard & Poor’s 500 index to an all-time closing high Monday. Apple surged 3 percent, or $12.92, to $430.12.

04/29/2013

Netflix headquarters

Netflix Big Mover In Leading Stock Market Higher

Los Gatos-based Netflix, which streams TV shows and movies over the Internet, was among the winners after announcing profits that impressed investors. Netflix soared $42.62, or 24 percent, to $216.99 after reporting a big gain in subscribers in the first quarter.

04/23/2013

A Wells Fargo branch in Daly City. (Justin Sullivan/Getty Images)

Wells Fargo Profit Rises 23% Despite Slip In Mortgage Income

San Francisco-based Wells Fargo, the nation’s biggest mortgage lender, said its first-quarter profit surged 23 percent after the bank cut expenses.

04/12/2013

(CBS graphic)

HP, Microsoft & Intel Tumble After Worst PC Sales Drop

If fewer people are interested in buying a new personal computer, then fewer investors want to own stakes in companies whose fortunes are tied to the sales of laptop and desktop machines.

04/11/2013

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