FORTUNE -- This article is adapted from " Banktown: The Rise and Struggles of Charlotte's Big Banks " by Rick Rothacker, published by John F. Blair, Publisher (Winston-Salem). Kovacevich was one of the most respected bankers in the industry, and his reputation continued growing as rivals

FORTUNE -- This article is adapted from " Banktown: The Rise and Struggles of Charlotte's Big Banks " by Rick Rothacker, published by John F. Blair, Publisher (Winston-Salem). Kovacevich was one of the most respected bankers in the industry, and his reputation continued growing as rivals

AP Interval said on Friday it filed the suit in a US District Court in Seattle against the companies. Others named in the suit are: Facebook, eBay, Yahoo!, Netflix, Office Depot, OfficeMax, Staples and Google-owned YouTube. Interval owns patents from Interval Research, which was a

AP Interval said on Friday it filed the suit in a US District Court in Seattle against the companies. Others named in the suit are: Facebook, eBay, Yahoo!, Netflix, Office Depot, OfficeMax, Staples and Google-owned YouTube. Interval owns patents from Interval Research, which was a

Harvey Collier, a mortgage broker in Fort Lauderdale, Florida, says he gets as many as 10 calls a month from people planning to default on their loans. The twist: They first want financing to buy another home. Real estate professionals call it "buy and bail," acquiring a new house

Harvey Collier, a mortgage broker in Fort Lauderdale, Florida, says he gets as many as 10 calls a month from people planning to default on their loans. The twist: They first want financing to buy another home. Real estate professionals call it "buy and bail," acquiring a new house

But the Seattle-based online retailer's earnings has fallen below analyst expectations, and its share price dived in after-hours trading overnight. For the April-June quarter, Amazon.com earned $US207 million ($236.14 million). That is a 45 per cent increase from $US142 million, in

But the Seattle-based online retailer's earnings has fallen below analyst expectations, and its share price dived in after-hours trading overnight. For the April-June quarter, Amazon.com earned $US207 million ($236.14 million). That is a 45 per cent increase from $US142 million, in

US financial regulation changes may, as the critics say, be doomed to fail, but it is important to at least take the step. IN MID-2006, the global financial crisis began in inauspicious circumstances when a US shadow bank called Merit Financial went bankrupt. A subsequent

US financial regulation changes may, as the critics say, be doomed to fail, but it is important to at least take the step. IN MID-2006, the global financial crisis began in inauspicious circumstances when a US shadow bank called Merit Financial went bankrupt. A subsequent

Amazon founder and chief executive Jeff Bezos also said the growth rate of sales for the Kindle has tripled since the company cut the e-reader's price from $US259 ($298) to $US189 a month ago. "We've reached a tipping point with the new price of Kindle," Mr Bezos said. "In addition,

Amazon founder and chief executive Jeff Bezos also said the growth rate of sales for the Kindle has tripled since the company cut the e-reader's price from $US259 ($298) to $US189 a month ago. "We've reached a tipping point with the new price of Kindle," Mr Bezos said. "In addition,

The son of former Treasury secretary Henry Paulson, Merritt, who goes by his middle name, bet big on Portland's underserved sports market in 2007, when he convinced his family to buy the AAA baseball Portland Beavers and minor league soccer Portland Timbers for an estimated $16 million. Four

AP Germany's car industry, the backbone of Europe's largest economy, is booming again. Fuelled by the huge appetite for German luxury cars in China and the fact that the plunging euro has made European products cheaper abroad, manufacturers say they are adding extra shifts and

AP German automaker Volkswagen AG hopes to sell more than two million cars in 2010 in China and open four new plants there in the near future. VW head of operations in China, Winfried Vahland, told German news agency DAPD on Monday that he expects sales revenue to increase by 20