COMPANIES

Bank of America shares surged more than 11 percent on Wednesday after J.P. Morgan predicted the company would raise capital in the near future.

Apple's iPad has been crushing the com[etition in the tablet market, but suddenly HP's discontinued TouchPad is red hot and Lenovo has entered the market with the first ThinkPad tablets that are now available. The 10.1-inch ThinkPad is built around the Android system, the most competitive tablet platform to Apple's iOS used in the iPad tablet. The ThinkPad is also geared toward the business market, not the consumer market. Lenovo introduced its first business-class Android-based...

Sprint may finally jump on the bandwagon and join its rivals in offering Apple's products, starting with none other than the iPhone 5. Bbut this may not prove to be such a boon to the No.3 U.S. carrier.

HP thought its webOS system was a bust, so the company decided to kill webOS devices, including the TouchPad tablet and smartphones. But once HP discounted the slow-selling TouchPad to $99 just seven weeks after launching the product consumers flocked in, selling the tablet out of stock.

Toyota has launched the seventh-generation Camry, which the Japanese automaker claims as the America's best-selling car for nine years running and 13 of the past 14 years.

Banks must report a minimum set of data on their derivatives trades from the end of next year to help regulators monitor financial stability and spot abuses, a draft plan from market supervisors and central bankers said on Wednesday.

Taiwan's Acer Inc reported a worse-than-expected quarterly loss, the first in company history, hurt by charges for an inventory write-off and reorganization, and said it would be impossible to break even for the full year.

WPP, the world's largest advertising group, expects to feel the impact of the economic slowdown in 2012, it warned on Wednesday, as it reported strong first half results bolstered by emerging markets and digital.

Anschutz Entertainment Group, a behemoth in the world of sports and entertainment events and venues, has officially entered competition with Live Nation’s Ticketmaster in the ticketing market.

Gold prices retreated in choppy trade on Tuesday after earlier hitting record highs as a recovery in appetite for assets seen as higher risk, such as stocks, took the steam out of a rally that many saw as overdone above $1,900 an ounce.

Stocks shot three percent higher on Tuesday on speculation Federal Reserve Chairman Ben Bernanke this week would signal new help for the economy, giving investors hope a four-week rout was nearing an end.

Over the past three weeks, investors have been rushing into short-term Treasury exchange-traded funds to shield themselves from the roller coaster equity markets.

New home sells fell in July to a 298,000-unit annual rate, the third straight monthly decline for the beleaguered sector. The slump means housing is likely to be a drag on U.S. GDP at least for the next two quarters, and perhaps for longer. New home prices are attractive, but potential buyers should traead carefully: they may drop in many markets.

A cash crisis is driving the United States Postal Service toward insolvency. Postmaster James A. Farley is asking Congress for help, threatening that the postal service will default in September if something isn't done. Here are five problems plaguing the USPS.

UBS announced cuts of 3,500 employees on Tuesday, mostly in its investment banking division, as the layoff trend continues in the banking industry.

Sales of new U.S. homes in July fell to its lowest level in five months, indicating that the housing sector is still on rocky footing after the housing bubble burst several years ago.

It may look fresh and the label may read sustainable, but Chilean sea bass is not always what it appears to be on store shelves, a biologist from Clemson University has found. Some of the fish labeled in shops are not sustainable and some are not Chilean sea bass at all.

Bank of America shares dropped to a 52-week low during early trading on Tuesday, as the company saw its stock drop more than 5 percent at times.

HP's TouchPad could touch Apple's iPad, but BlackBerry maker Research in Motion still thinks its smartphones can touch Apple's iPhone. Never mind that the iPhone keeps leaving the BlackBerry, the original hit smartphone, behind. RIM keeps trying. Tuesday, RIM announced three new BlackBerry smartphones, including the all-new BlackBerry Curve 9350, BlackBerry Curve 9360, and BlackBerry Curve 9370.

News that Ford Motor Co. and Toyota will work together jointly to develop a gas-electric hybrid fuel system for pickup trucks and sport utility vehicles isn't a big surprise, if one considers the source of how the arrangement came about. Ford CEO Alan Mulally and Toyota CEO Akio Toyoda crossed paths at an airport. The two company leaders talked, sharing mutual admiration for one another's companies. Talk turned to hybrid vehicles, and plans for the future. Ford is the truck leader, and Toy...

The chief of Standard & Poor's will step down soon, to be replaced by a senior Citibank executive, in a move announced a few weeks after the credit rating agency downgraded U.S. government debt and sparked a row with Washington.

Bank of America Corp (BAC.N) shares fell nearly 8 percent on Monday, reaching their lowest level since March 2009, as investors fretted the bank may need to raise some $50 billion of capital and worried about potential additional mortgage lawsuit payouts.

South Korea's sovereign wealth fund said it had reinvested $78 million, around half the dividend it received from its $2 billion investment in Bank of America , back in the U.S. bank's shares this year.

U.S. retail gasoline prices fell 2.3 cents to $3.58 a gallon during the last week, the third consecutive drop this month, the U.S. Energy Department said.

Goldman Sachs CEO Lloyd Blankfein hires Reid Weingarten, a high-profile defense attorney.

More than ninety schools in California are taking advantage of the California Solar Initiative and installing solar projects. The California Solar Initiative is an incentive program to get companies, schools, and homes to switch to solar power. The program gives cash back for installing solar power, California hopes to move the state towards running completely on clean energy, from using a coffee maker in the morning, to opening your garage door, California wants its residents to operate on sola...

China's top online portal Sina Corp has invested between $30-$40 million in Chinese online video site Tudou Holdings , a source familiar with the matter told Reuters on Monday.

Chilean sea bass is not always what it appears to be on store shelves a biologist from Clemson University has found. Some of the fish labeled in shops are not sustainable and some are not Chilean sea bass at all.

News that Ford and Toyota will work together jointly to develop a gas-electric hybrid fuel system for pickup trucks and sport utility vehicles is not a big surprise if one considers the source of how the arrangement came about. Ford CEO Alan Mulally and Toyota CEO Akio Toyoda crossed paths at an airport. The two company leaders talked, sharing mutual admiration for each other's companies. Talked turned to hybrid vehicles, and plans for the future.