Business

New York -- Bank shares tumbled sharply Thursday after President Barack Obama announced a proposal to limit the size of banks and the types of risk they can take.

Chicago -- Grain futures closed higher on the Chicago Board of Trade Thursday as the dollar index gained 0.1 percent, but equities fell hard on Wall Street.

Hong Kong -- Bank lending in China will be about $1.1 trillion in 2010, down from $1.39 trillion in 2009 because of concerns about asset bubbles, its bank regulator said.

Charlotte, N.C. -- Bank of America said Wednesday losses in consumer loans and repaying U.S. bailout funds pushed fourth quarter losses in 2009 to $5.2 billion.

Washington -- Graco Children's Products Inc. is recalling 1.5 million strollers due to the potential for fingertip amputation and laceration, U.S. officials said Wednesday.

Beijing -- China's gross domestic product, which grew 8.7 percent in 2009 to $4.91 trillion, positions China to edge out Japan as the world's second largest economy.

Beijing -- China's economy grew 8.7 percent in 2009 over 2008, more than the 8 percent targeted due largely to fiscal policies, officials said Thursday.

Milwaukee -- A former senior executive for Koss Corp. allegedly embezzled more than $31 million from the Milwaukee headphones manufacturer, federal officials said Wednesday.

Washington -- U.S. defense companies, likely to face a cut in Pentagon spending, may find cyber-security a profitable replacement, an analyst says.

New York -- A bullish attitude is returning to Wall Street with investors trimming cash reserves to put money into equities, a Bank of America Merrill Lynch survey said.