Business News

U.S. stocks fell, pulling the Standard & Poor’s 500 Index down from the highest level since 2007, as European finance chiefs deadlocked at debt-crisis talks and New York-area manufacturing slumped.
Bank of America Corp. (BAC) and Morgan Stanley slid more than 2.4 percent after two weeks of gains. Alcoa Inc. (AA) tumbled 2.6 percent as commodity shares plunged. Cliffs Natural Resources Inc. (CLF) lost 7 percent after its rating was cut by JPMorgan...

By Adam Satariano and Ryan Faughnder - Sep 18, 2012 3:47 AM GMT+0700
Peter Foley/Bloomberg
People in line at the Apple Inc. store on Fifth Avenue in advance of the sale of the iPhone 5 in New York, on Sept. 17, 2012. The iPhone 5 is expected to go on sale at stores on Sept. 21....

By Ryan Faughnder and Adam Satariano - Sep 18, 2012 2:12 AM GMT+0700
 Apple Inc. (AAPL) said advance sales of its iPhone 5 topped 2 million units in one day, more than double the record set by the previous model of the device.
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By Josh Barro Sep 18, 2012 5:02 AM GMT+0700 You can mark my prediction now: A secret recording from a closed-door Mitt Romney fundraiser, released today by David Corn at Mother Jones, has killed Mitt Romney's campaign for president.
On the tape, Romney explains that his electoral strategy involves writing off nearly half the country as unmoveable Obama voters. As Romney explains, 47 percent of Americans "believe that they are victims." He laments: "I'll never convince them they...