Bank of America Is Missing Out on Wall Street's Boom

Bank of America's purchase of Merrill Lynch was supposed to make it a top-flight global investment bank. A decade later, it is struggling to make good on that promise.

 
Home-Builder Stocks Primed for Key Test

Beaten-down home-builder shares face a key test this week when investors get a fresh look at data on housing starts, existing-home sales and building permits.

 
Sears Files for Chapter 11 Bankruptcy

Sears filed for bankruptcy protection from creditors, marking the collapse of a company that dominated American retailing for much of the 20th century.

 
Sears, Lenders Nearing Deal to Keep Some Stores Open

Sears Holdings is inching closer to a deal with lenders about a bankruptcy plan that would close at least 150 stores and provide a lifeline loan to keep a small footprint of around 300 locations open.

 
JPMorgan CEO Backs Out of Saudi Business Conference

James Dimon has decided not to attend Saudi Arabia's marquee business conference amid questions about the disappearance of journalist Jamal Khashoggi.

 
Fiber Damage Vexes Verizon After Hurricane Michael

The storm in Florida caused extensive damage to the fiber that underpins the carrier's wireless network, hurting efforts to restore service.

 
Harris, L3 Technologies Announce Merger Plan

Harris Corp. and L3 Technologies announced plans to combine in the largest-ever defense merger, reacting to Pentagon efforts to get companies to boost investment and speed the development of weapons.

 
SoftBank Gives Startups Billions of Reasons to Hold Off IPOs

If SoftBank secures a majority stake in eight-year-old WeWork through its Vision Fund, the move would likely keep the shared office-space company private for years to come, employing what one venture capitalist calls "a holding-company philosophy."

 
China's Most Popular Liquor Has Western Aspirations

A producer of baijiu, a high-alcohol beverage favored by the Chinese, hopes it will become trendy among Americans.

 
Rising Rates Not a Worry for Big Banks

Third-quarter earnings from JPMorgan, Citigroup and Wells Fargo showed the U.S. economy is performing well as consumer credit expands.

(END) Dow Jones Newswires

October 15, 2018 05:15 ET (09:15 GMT)

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