Empty shelves, poor customer service speed Sears' demise

Sandy Hetrick drove 15 miles from her home to a Sears in Media, Pennsylvania on Wednesday to buy folding chairs and clothes.

Most S&P 500 stocks are deep in correction territory

As Wall Street steadied on Friday after its worst two-day slide in eight months, the U.S. stock market remained fragile, with nearly three quarters of the S&P 500's components in correction territory, or worse.

Global stocks rebound but remain on track for weekly loss

Stock markets worldwide bounced back on Friday after a multi-day sell-off but remained on track for their biggest weekly losses in months, while U.S. Treasury yields inched higher and the dollar held its gains.

U.S. banks profit from higher rates, more loans and lower costs

The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, and three of the largest lenders reported double-digit profit growth on Friday.

Graphic: U.S. banks enjoy benefits of a growing economy, lower taxes

The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, if the double-digit profit growth posted by three major lenders on Friday is any indication.

Google tells U.S. lawmakers it is mulling options on China services

Alphabet Inc's Google unit has told U.S. lawmakers it is considering "a variety of options" for offering additional services in China.

Wall St. rebounds with technology stocks back in favor

Wall Street indexes rose on Friday after a week of blistering losses as investors returned to technology and other growth sectors, but gains were hampered by ongoing worries about U.S.-China trade tensions and rising interest rates.

Wells Fargo profit rises, cost cuts paying off

Wells Fargo & Co posted a 32 percent jump in quarterly profit on Friday, as the bank made headway in its cost-cutting plan and worked to put past misdeeds behind it.

JPMorgan's consumer banking strength offsets bond trading weakness

JPMorgan Chase & Co reported a better-than-expected quarterly profit on Friday as gains from higher interest rates and growth in loans helped the bank offset weakness in bond trading revenue.

Exclusive: Sears aims to close up to 150 stores in bankruptcy - sources

Sears Holdings Corp is planning to close up to 150 of its department and discount stores and keep at least another 300 open as part of a plan to restructure under U.S. bankruptcy protection, people familiar with the matter said Friday.

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