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Citi Plans $5 Bil. Stock Offering to Cut Fed Holdings

Citigroup is considering a plan in which the Treasury Department would sell part of its holdings in the bank, while the New York-based company would ...

Airlines Cut Flights to Lowest Level Since 2001

The U.S. airline industry is shrinking to a size not seen since the months after the 2001 terror attacks. The airlines have been trimming flights ...

Struggling JAL Considers Tieup with Air France-KLM

Struggling Japan Airlines Corp. has entered talks with Air France-KLM over a capital tie-up, a newspaper said Saturday. Asia's biggest airline hopes to expand its ...

GM Rescinds Spring's White-Collar Pay Cuts

General Motors Co. has rescinded white-collar pay cuts it made last spring as it desperately tried to conserve cash and avoid filing for bankruptcy protection. ...

World Stocks Rise on Good News from China, U.S.

European and Asian stock markets rose Friday on strong economic data from China and comments by U.S. Treasury Secretary Timothy Geithner, who said the financial ...

China Output, Consumer Spending Surged in August

China's recovery gained momentum in August as stimulus spending helped boost industrial output, investment and retail sales in the world's third-largest economy, offsetting a slump ...

China's Exports, Trade Surplus Fell in August

China's exports languished in August, contracting 23 percent, increasing the onus on Beijing's massive stimulus spending to drive an economic recovery. Customs data released Friday ...

Japan's Q2 Growth Was Weaker Than Estimated

Japan's growth in the second quarter was weaker than initially thought, but government figures still show that the world's second largest economy has managed to ...

GM Kicks Off Aggressive Money-Back Campaign

General Motors kicks off a marketing campaign next week pitched by its new chairman and featuring a money-back guarantee — unsatisfied car buyers can get ...

Manufacturers Lead Growth With Broad-Based Gains

Signaling that manufacturers are leading the economy into a recovery, output from the nation's factories, mines and utilities posted widespread gains in August. In a ...

Housing, Jobless Data Show Fragile Recovery

Adding to evidence the recession has ended, housing construction rose in August and fewer laid-off workers sought jobless aid last week. Still, the reports suggested ...

World's Carmakers All Aboard Electric Bandwagon

The race is on among the world's auto companies to make electric cars go farther on a single charge, bring the price down to compete ...

U.S. Net Worth Grew for First Time Since 2007

Americans' wealth rose this spring for the first time in nearly two years, with stocks and home values gaining as the recession faded. Still, household ...

New Jobless Claims Rose Last Week

The number of newly laid-off workers seeking unemployment benefits likely rose last week, evidence that jobs remain scarce. Wall Street economists forecast that first-time claims ...

Kodak to Shore Up Balance Sheet with Capital Infusion

Eastman Kodak Co. said Wednesday it expects to raise up to $700 million through a series of debt sales in an effort to shore up ...

China's BYD Sets Sights on Overtaking Toyota

Fast-growing Chinese battery and automaker BYD Co. is thinking big — really big. It aims to overtake Toyota Motor Co. to become the global auto ...

Asia Markets at New Highs for Year

Asian stock markets climbed to new highs for the year Thursday after strong U.S. industrial production data boosted confidence the world's largest economy is growing ...

Google to Turn Digital Library into Paperbacks

Google Inc. is giving 2 million books in its digital library a chance to be reincarnated as paperbacks. As part of a deal announced Thursday, ...

Chinese Gov't to Help Finish Revel's Atlantic City Casino

Revel Entertainment has turned to the Chinese government for help finishing its lavish Atlantic City casino. China State Construction Engineering Corp., the construction arm of ...

World Markets Surge on End to U.S. Recession

World stock markets rallied Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. recession was likely over, a view largely supported by recent economic ...

Financial Reform Push Gives Way to Inertia, Complacency

The rule book for Wall Street may not change that much after all. Tougher financial rules that seemed inevitable after last year's crisis have been ...

Cablevision Debuts Interactive Ads on TV

Cablevision Systems Corp. is bringing interactive banner ads to television, allowing viewers to order samples and brochures and even purchase products by clicking the remote ...

IRS Eases Commercial Mortgage Refinancing Rules

The IRS issued new rules Tuesday designed to make it easier to refinance some commercial real estate loans in an effort to curb the number ...

Shane Kim to Retire from 14-Year Post As Xbox Guru

Shane Kim, the Microsoft Corp. executive who oversaw the growth of its video game business from the original Xbox and through such hits as "Halo" ...

Retail, Manufacturing Data Boost Wall Street

Investors waded deeper into the stock market Tuesday as a batch of economic reports provided mostly upbeat signals about the economy. Retail sales jumped in ...

Japan Air Lines Hopes to Conclude Merger Talks Soon

Struggling Japan Airlines Corp. said Tuesday it aims to conclude tie-up talks with foreign carriers by mid-October and announced plans to slash 14 percent of ...

August Retail Sales Up Mainly on Auto, Gas

Consumers bought hundreds of thousands of cars in August due mainly to the government's popular Cash for Clunkers program, but economists expect Americans didn't boost ...

Mortgage Giants Struggling a Year After Fed Takeover

A year after the near-collapse of Fannie Mae and Freddie Mac, the mortgage giants remain dependent on the government for survival and there is no ...

Global Stocks Rise on M&A Activity, Recovery Signs

The stock market headed for a higher open Tuesday as merger news raised investors' optimism about an economic recovery. U.S. stock futures rose, following the ...

China Unveils 200-Seat Jet at Asia Air Show

China showcased its newest and biggest commercial plane Tuesday — a jetliner with as many as 200 seats that could boost the country's fledgling aviation ...

U.S. Falls to 2nd in Economic Competitiveness

The United States has lost its place as the world's most competitive economy, mainly because of the financial crisis and accumulated fiscal deficits, according to ...

Japan's Current Account Surplus Fell 19.4%

Japan's current account surplus in July fell 19.4 percent from a year earlier as exports tumbled amid a slow recovery in the global economy, the ...

Google China Reshuffles After Kai-Fu Lee Departure

The new managers of Google Inc.'s China arm expressed confidence Monday the business can grow despite the departure of the high-profile executive credited with expanding ...

Cadbury Rebuffs Kraft's $16.7 Bil. Takeover Bid

Kraft Foods Inc. on Monday proposed a 10.2 billion pounds ($16.7 billion) takeover of Cadbury PLC, but the offer was immediately rejected by the British ...

World Stocks Rise on U.S. Jobs Data, G-20 Stimulus Resolve

World stock markets rose Monday, following Wall Street higher after the pace of U.S. job losses eased and major countries pledged to keep extraordinary government ...

Comfy Ski Boots Allow Easy Walking — at a Price

Skiing, fun. Walking in ski boots back to the lodge, not so much. In mid-September, a company in Boulder will start selling a ski boot ...

At 50 Motown Recalls Founder Berry Gordy

On Jan. 12, 1959, Elvis Presley was in the Army. The Beatles were a little-known group called The Quarrymen casting about for gigs in Liverpool. ...

Mitsubishi, Peugeot to Launch Electric Car

PSA Peugeot Citroen and Mitsubishi Motors Corp. have agreed to launch an electric car in Europe by the end of 2010, the companies said Friday. ...

Job Losses to Continue During Nascent Recovery

The economy is showing consistent signs of improvement, but probably not enough to stop employers from cutting jobs or to keep the unemployment rate from ...

Prius Japan's Top Seller for 4th Month

An auto industry group says Toyota's hugely popular Prius hybrid ranked as Japan's top-selling car in August for the fourth straight month. The Japan Automobile ...

Much Fought-Over Kai-Fu Lee Leaves Google

The executive who led Google Inc.'s expansion in China after being hired away from Microsoft Corp. following a high-profile court battle is leaving to start ...

Boeing Plane Orders Fell 11% in August

Boeing Co. said Thursday orders for its commercial jets fell 11 percent in August, as weaker demand for air travel forces airlines to scale back ...

OECD Sees Earlier Recovery Than Forecast

The world economy is headed for an earlier recovery than previously forecast, although the pace of the rebound will likely remain modest for some time ...

Japan's Dainippon Buys Sepracor for $2.6 Bil.

Japanese drug company Dainippon Sumitomo Pharma Co. is acquiring U.S. drug maker Sepracor Inc. for about $2.6 billion in an effort to expand in the ...

China Stocks Jump 5% on Strong Lending Data

Chinese shares jumped 5 percent Thursday following reports that lending by big state-owned banks remained robust in August, though they later fell back slightly. The ...

Small Businesses Becoming More Optimistic

Small business owners are joining consumers and investors in showing some cautious optimism about the economy. An index that measures owners' optimism rose last month, ...

Trade, Jobless Data Support Recovery Optimism

The U.S. trade deficit in July hit the highest level in six months as a record rise in imports outpaced a third straight increase in ...

Rick Niu Promoted to CMO for ING's US Retirement Services

Rick Niu, who has been heading up ING's multicultural growth strategy and execution in the U.S., was promoted to chief marketing officer for ING U.S. ...

China Could Be $1 Tril. Green Tech Market

China potentially could be a $500 billion to $1 trillion a year market for environmentally sustainable "green technologies," a group of businesses and experts said ...

Japanese Machinery Orders Fell 9.3%

Japanese machinery orders, a closely watched indicator of corporate capital spending, fell back in July after rising the previous month, the government said Thursday, suggesting ...