Amazon suffers big drop in income.

Chrysler nears approval by workers of new UAW contract as the company moves toward building a new compact sedan designed by Fiat.

Coach foresees bright holiday sales.

Eurozone hangs in the balance as European leaders wrangle with debt issues.

Facebook now rivals TV as mass medium.

Ford fails to dazzle with third-quarter profits.Continue reading...

Can a new global bank emerge from the last big banking crisis to wrestle away business and prestige from bailout-tainted mega-banks? Nomura Holdings hopes so.

Positioning for dominance with the newly-added weight of Lehman's Asian, European and Middle East operations, Nomura has been accumulating talent, shoring up capital, and signaling its intent to expand in its current markets while developing opportunities in the US.

Nomura faces several short-term challenges. The brokerage wisely shut down its US-based mortgage-backed securities unit in 2007, but the subsequent downfall in the Japanese market -- due to Lehman -- forced the bank into a sell-off.Continue reading...