UNITED STATES

SNB makes low-key move to tame franc; currency spikes

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The Swiss National Bank made fresh efforts on Wednesday to tame a runaway franc but again steered clear of direct intervention, disappointing markets that had positioned for more radical measures and sending the currency sharply higher.
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Stocks and euro slip on euro zone disappointment

World stocks and the euro slipped on Wednesday as investors grew concerned that French and German plans for closer fiscal integration may be insufficient to stop the regional debt crisis from spreading further.
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BofA weighs foreclosure deal: report

Bank of America Corp may settle a state and federal probe of foreclosure practices in a deal that lets New York proceed with an inquiry into securitizations, Bloomberg reported citing two people with direct knowledge of the matter.
A Google homepage is displayed on a Motorola Droid phone in Washington August 15, 2011

Google Motorola Bites Back with Patents, Apple Not Worried

After losing out in the titanic $4.5 billion bid for Nortel Networks against Apple and the gang of five, Google has resurged with its latest acquisition of Motorola. The search giant lost out in obtaining 6,000 patents from the Nortel deal, but the $12.5 billion Motorola purchase will make up for the loss with over 17,000 patents packaged in the deal.
One-hundred Yuan notes are seen in this picture illustration in Beijing

China Paper Prods U.S. to Act on Debt Situation

As Biden arrives in Beijing, China warns the United States must shoulder its responsibilities and take steps to soothe China's concerns over the security of its U.S. government debt holdings.
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Blue Coat Q1 misses, sees weak Q2; CEO quits

Internet-monitoring gear maker Blue Coat Systems Inc's quarterly results and sales outlook fell short of analysts' estimates and the departure of its chief executive took the market by surprise, sending its shares tumbling 19 percent in extended trade.
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Business to deficit panel: tackle taxes, Medicare

A big business group on Tuesday urged lawmakers on a deficit-cutting panel to revamp the U.S. tax code and health and retirement programs as they go about their task of finding $1.2 trillion in savings.
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Global uncertainty to hurt Analog Devices' Q4

Analog Devices Inc continued to grapple with supply chain issues in the third quarter and the microchip maker said it expects the uncertain macroeconomic environment to hurt fourth-quarter revenue as customers cut down orders.
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Sony reduces PlayStation price to revive sales

Sony Corp has cut the price of its basic PlayStation 3 gaming console by nearly a fifth in the United States, a move that could lift the industry by boosting video game sales ahead of the holiday season.
U.S. President Obama waves alongside his bus in Cannon Falls

On Bus Tour, Obama Shifts Blame to Republicans

President Barack Obama sought on Tuesday to turn voter anger over the economy toward Republicans in the U.S. Congress as he courted rural Americans in a campaign-style bus tour through a key election state.
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Sarkozy, Merkel plan fails to inspire Wall Street

U.S. stocks fell on Tuesday after three days of gains when a meeting between the heads of France and Germany failed to quell fears about euro zone leaders' ability to contain the region's sovereign debt woes.
At Issue: 2012 U.S. Election

White House Rebukes Perry for Threatening Remarks About Fed

The White House denounced Republican presidential candidate Rick Perry on Tuesday for his threatening remarks about U.S. Federal Reserve Chairman Ben Bernanke that represented some of the most inflammatory rhetoric of the 2012 election campaign.

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