NEW YORK (AP) — Bank of America Corp. on Thursday said it is splitting its mortgage business into two units, with a new division created specifically to handle foreclosures and discontinued loan products. The bank said the new Legacy Asset Servicing unit will be responsible for resolving issues involving faulty paperwork that led Bank of [...]

NEW YORK (AP) — There will be 400 million more cars on the world’s roads 20 years from now, yet gasoline consumption will decline, according to a projection from Exxon Mobil Corp. in its long-term energy outlook released Thursday. The world’s biggest investor-owned oil and gas company expects energy use overall will grow 35 percent [...]

SAN FRANCISCO (AP) — LinkedIn Corp., the company behind the largest website for professional networking, plans to raise at least $175 million in an initial public offering of stock that could open the IPO floodgates for other widely used online services that connect people with common interests. The IPO papers filed Thursday by LinkedIn put [...]

NEW YORK (AP) — Apple says that its app store has hit the 10 billion downloads mark. The milestone, announced on Apple Inc.’s website Saturday, arrives as the company’s hugely popular smart phone is likely to become even more popular with the addition next month of Verizon Wireless as a carrier. The company has sold [...]

SCHENECTADY, N.Y. (AP) — More than half the nation disapproves of President Barack Obama’s policies to reduce stubbornly high unemployment, a new Associated Press-GfK poll said Friday as Obama refocused his job-creation efforts on a business-friendly vision emphasizing innovation and exports to other countries. Marking the halfway point in his four-year term, the president used [...]