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Business Day
Friday, April 15, 2011 Last Update: 9:00 AM ET

DealBook
Bank of America Profit Drops Nearly 36%
By BEN PROTESS 36 minutes ago
Bank of America reported profit of $2 billion compared with $3.2 billion last year, as the nation's biggest bank continued to battle the legacies of the mortgage crisis.
Jeffrey Camarati/Bloomberg News
Brian Moynihan, chief executive of Bank of America.
Fast Growth and Inflation Threaten to Overheat Chinese Economy
By DAVID BARBOZA 24 minutes ago
China said its economy had grown 9.7 percent in the first quarter of this year, the strongest performance among the world’s biggest economies. But consumer prices rose 5.4 percent.
Pressure Grows to Unwind CVS Merger
By REED ABELSON and NATASHA SINGER
The consumer groups contend the merged drugstore chain and pharmacy benefit manager are anti-competitive.
Tokyo Power to Compensate 50,000 Evacuees
By KEITH BRADSHER and ANDREW POLLACK 3:27 AM ET
TEPCO announced plans on Friday to distribute $600 million to 50,000 people evacuated because of the accident at its Fukushima Daiichi nuclear plant.
Nuclear Cleanup Plans Hinge on Unknowns
By HIROKO TABUCHI
Even before the troubled Fukushima nuclear plant has been brought under control, differing estimates underscore the uncertainties on the eventual cleanup’s timetable.
Price of Tomatoes Has a Lot to Do With These Thefts
By WILLIAM NEUMAN
The authorities say the thefts were committed by people familiar with the produce trucking business who waited for the price to rise.
The Business Market Plays Cloud Computing Catch-Up
By STEVE LOHR
There are signs that companies like I.B.M. and their establishment customers now want remote information services to be a bigger part of what they offer.
World Bank and I.M.F. Discuss Inequality in Middle East
By BINYAMIN APPELBAUM
In the wake of the revolution in Tunisia, the World Bank says that the country can serve as a model for a revised approach.
Revenue Rises at Google but Profit Misses Forecasts, and Analysts Point to Spending
By VERNE G. KOPYTOFF
The search engine company gets off to a mixed start under its new chief executive, the co-founder Larry Page.
DealBook
Galleon Chief Put Millions Into Fund of Ex-Employee
By AZAM AHMED
Prosecutors raised the question of whether the former employee, Richard Schutte, was testifying in favor of Raj Rajaratnam because he received the investments.
Bankers Named Who Doubted Madoff
By DIANA B. HENRIQUES
A new version of a lawsuit against JPMorgan Chase identifies three high-level executives who were involved in the bank’s assessment of Mr. Madoff.
Insight & Analysis
High & Low Finance
Resentment Is Rising In Euro Zone
By FLOYD NORRIS
It is hard to see how the euro zone can be undone, but it is even harder to see how it will prosper.
Economix Blog
How Worrisome Is Student Debt?
By JUDITH SCOTT-CLAYTON 6:00 AM ET
Student loans pose particular burdens to those who never complete college or who find only low-paying jobs when they do, an economist writes.
You’re the Boss Blog
A More Efficient Approach to Hiring
By DAVID H. FREEDMAN 7:00 AM ET
Last month, ClassOne started asking all job candidates who make it through the resume screening to run through a sort of online questionnaire that requires a mix of video, oral and written responses.
News Analysis
Pain of British Fiscal Cuts Could Inform U.S. Debate
By LANDON THOMAS Jr.
A year into Britain’s controversial austerity plan, retail sales have had the sharpest monthly plunge in 15 years and real household income is expected to fall 2 percent this year.
Obama’s Debt Plan Sets Stage for Long Battle Over Spending
Advertising
A Younger Group for Feminine Products
By ANDREW ADAM NEWMAN
Sold in glittery boxes decorated with hearts, stars and swirls (which are also printed on the pads themselves), the products would look at home on the set of “Hannah Montana.
Education Life Preview
The Default Major: Skating Through B-School
By DAVID GLENN
Where’s the rigor? Undergraduate business has an image problem.
Bucks Blog
Bad Loan Terms? Some Clues Why
By TARA SIEGEL BERNARD
A new law requires lenders to provide consumers with more information when they receive less-than-favorable loan terms.
Bucks Blog
Plan Cuts Reverse-Mortgage Counseling
By ANN CARRNS
Federal budget deal cuts funds for reverse-mortgage counseling.
Banks need to guard against short-term debt creep
April 14, 2011
Crisis winner tag does little for JPMorgan value
April 13, 2011
Del Monte enters the Wall Street vernacular
April 13, 2011
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Bank of America Profit Drops Nearly 36%
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