SAN FRANCSICO (AP) - Wells Fargo, the country's biggest mortgage lender, reported record earnings for the fourth quarter on Friday, beating analysts' expectations for both profit and revenue. The bank made more loans, gained deposits and enjoyed above-average returns from the investments made by its private equity business.
WASHINGTON (AP) - The Food and Drug Administration is requiring makers of Ambien and similar sleeping pills to lower the dosage of their drugs, based on studies suggesting patients face a higher risk of injury due to morning drowsiness.
LOS ANGELES (AP) - American Express Co. said Thursday that it will slash about 5,400 jobs, mainly in its travel business, as it seeks to cut costs and transform its operations as more of its customers shift to online portals for booking travel plans and other needs.
LAS VEGAS (AP) - Googling the nearest gas station, sending email from your smartphone, or booking a table at a restaurant: Those are all things you shouldn't do while driving. But so many drivers have grown accustomed to their on-the-go tasks that automakers are increasingly trying to make those things easier to pull off with both hands on the wheel and both eyes on the road.
CUPERTINO (AP) - Apple is trying to decide whether it makes sense to offer a cheaper iPhone as it tries to boost sales in less-affluent countries and reclaim some of the market share lost to cheaper phones running Google's Android software, according to a published report.
NEW YORK (AP) - Afraid of looking like a world-class ingrate, AIG on Wednesday decided against suing the federal government over the $182 billion bailout that saved the giant insurance company from collapse.
LAS VEGAS (AP) - From the iPotty for toddlers to the 1,600-pound mechanical spider and the host of glitch-ridden "smart" TVs, the International CES show is a forum for gadget makers to take big - and bizarre - chances.
PYONGYANG, North Korea (AP) - A private delegation including Google's Eric Schmidt is urging North Korea to allow more open Internet access and cellphones to benefit its citizens, the mission's leader said in the country with some of the world's tightest controls on information.
WASHINGTON (AP) - President Barack Obama will nominate White House chief of staff Jack Lew to be his second-term Secretary of the Treasury, turning to one of Washington's most knowledgeable budget experts to manage prickly fiscal negotiations with Congress and steer the still-shaky national economy.