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Bank of America reports nearly $6 billion profit

Bank of America on Tuesday reported quarterly net income of $5.89 billion.
Old carpet, scraps being tapped by manufacturer as new energy source

DALTON, Ga. - Here in the "Carpet Capital of the World," the vast manufacturing plants that supply almost half the nation's carpet also pump out reams of wasted scraps that eventually wind up in landfills.
Business briefs

THE DOW JONES INDUSTRIAL AVERAGE ROSE 5.02, OR 0.05 PERCENT, TO 10,345.40 ON FRIDAY. Broader stock indicators were narrowly mixed. The Standard & Poor's 500 index was down 1.28, or 0.11 percent, at 1,171.35.
Google wins in trademark lawsuit

ALEXANDRIA, Va. - Google Inc. won a major legal victory Wednesday when a federal judge ruled that the search engine's advertising policy does not violate federal trademark laws.
China's automakers aim for 'green' market niche

BEIJING - The first Chinese-made car to hit the U.S. market might be an all-electric minivan that skips over gasoline technology and gets a head start on the auto industry's next era.
Credit raters under fire in Europe after debt fallout

The downgrading of European debt is turning up the heat on the firms that issue the ratings.
Google's governance comes up short

NEW YORK -- All the hype over Google Inc.'s initial public offering allowed one important tidbit about the company to get lost in the shuffle: Its corporate governance is anything but shareholder friendly.
Additional business news

Stocks take sharp fall on eve of summit NEW YORK -- Stocks fell sharply Friday, capping a volatile week with a 100-point loss by the Dow industrials, as investors waited to see whether Japan will say the right things during a weekend summit on the Asian fiscal crisis. The Dow Jones industrial average surrendered an early 49-point gain and fell 100.14 to 8,712.87. It was the third big swing since Monday for the Dow, which plunged 207 points to start the week and rebounded 164 points Wednesday.