Uncle Sam to Lose $1.6 Bil. on Chrysler Bailout
The Treasury Department said Monday it will lose $1.6 billion on a loan made to Chrysler in early 2009.
Business
Stocks Recover from 184-Point Dow Slide
Stocks had another wild day, but there was no big event, no surprise announcement behind the swings.
Oil Prices Fell 20% in 2 Weeks
Oil prices fell again Monday and have now fallen about 20 percent in just two weeks as investors worry about the ripple effects of a ...
GM Reports First Profits in 3 Years
General Motors Co. rode expense cuts from its bankruptcy and strong sales of redesigned models to its first quarterly net income in nearly three years.
Home Prices Fell from February to March
Home prices fell in March from the previous month, a sign of a weakening housing market despite historically low mortgage rates and now-expired
Europe Stocks Rebound As Euro Hits New 4-Year Low
European stock markets rebounded Monday after big falls at the end of last week but the euro continued to languish near four-year lows against the ...
Trichet Says Europe Economy At Its Worst Since WWI
The euro750 billion ($1 trillion) shock-and-awe rescue package to prevent the Greek debt crisis from spreading only bought eurozone countries
Japan Machinery Orders Rose 5.4% in March
Japan's machinery orders, a closely watched indicator of future business investment, rose in March for the first time in three months
Locke Pushes U.S. Green Tech on Reluctant China
U.S. leaders want China's clean energy boom to drive technology exports and are sending a sales mission to Beijing this week.
FDIC Shuts Down 4 Banks to Bring Year's Total to 72
Regulators on Friday shut down Midwest Bank and Trust Company in Elmwood Park, Ill., as well as three smaller banks in Georgia, Michigan and Missouri
Jobs Called Chen to Get iPhone Prototype Back
Brian Hogan's world closed in fast almost as soon as he sold the next-generation iPhone he found in a Silicon Valley bar to a popular ...
Euro at 4-Year Lows on Debt Fears
The euro sank to just above a 4-year low against the dollar Friday as economic data suggested a stronger recovery in the U.S. while the ...
J.C. Penney Profits More Than Double
J.C. Penney Co. reported that its first-quarter net income more than doubled as the department store operator benefited from sales improvements
Data Suggests Jobs Being Added Slowly
Fewer people are filing claims for unemployment aid, new jobs are showing up in service industries, and companies are squeezing all they can
Foxconn to Give China Employees 2nd Pay Raise
Foxconn workers in China will get another pay raise in coming months, on top of an increase that just took effect in response to recent ...
China Agricultural Bank Ready for IPO
The state-owned Agricultural Bank of China plans to sell a 15 percent stake in what could become the world's largest initial public offering
Honda Settles China Labor Dispute After 2-Week Strike
Honda Motor Co. said a labor dispute at a parts plant that crippled the automaker's production in China has been resolved after a wage increase
Disappointing Jobs Data Batters Stocks, Euro
Stock markets dropped sharply Friday and the euro slid to a new four-year low against the dollar after U.S. government figures showed
BP Reports Some Oil Being Funneled by New Cap
BP reported some oil was flowing up a pipe Friday from a cap it wrestled onto its broken Gulf of Mexico well but crude still ...
McDonald's Pulls Cadmium-Tainted Shrek Glasses
Cadmium has been discovered in the painted design on "Shrek"-themed drinking glasses being sold nationwide at McDonald's, forcing the burger giant
Foxconn Faces Heat from Yet Another Worker Death
Taiwan's Foxconn Technology Group, which has been shaken by a spate of worker suicides in China this year, said Friday another employee
Geithner Says Europe Crisis Won't Sink U.S. Recovery
Treasury Secretary Timothy Geithner said Thursday he doesn't think that the European debt crisis will derail the U.S. economic recovery.
Recent Rise in Jobs Data Reflects Temporary Hiring
The nation's employers likely unleashed a wave of hiring last month, but it probably won't be repeated.
Yahoo Adds Direct Access to Facebook Updates
Yahoo Inc.'s latest facelift will include a Facebook touchup. As part of changes rolling out this week, Yahoo will import personal updates from Facebook's social ...
U.S. Equipment Maker Logs Sizzling China Growth
Mining equipment maker Joy Global Inc. said Thursday its efforts to grab more business in the booming steel and power producing markets in China
Slowing Productivity Growth Seen As Hopeful Sign
Productivity grew at a slower rate in the first three months of the year than previously thought, a possible sign that businesses are reaching the ...
Jobless Claims Drop for 2nd Straight Week
New claims for unemployment insurance fell for the second straight week, fresh evidence the job market is slowly improving.
Airline Recovery Quickens on Asia, U.S. Growth
The aviation industry could recover within two years from the global economic downturn, as growth in the U.S. and Asia offsets weaker demand in Europe
May Retail Report Shows Spending Slowed
Retailers are reporting tepid business in May after cool weather and fresh concerns about the economy had shoppers cutting spending
Ford to End Mercury Production in 2010
Ford Motor Co. said Wednesday it will cease production of its 72-year-old Mercury brand by the end of 2010 after years of declining sales.
Pending Home Sale Forecasts Boost Stocks
Stocks rebounded Wednesday after a stronger-than-expected increase in pending home sales restored investors' optimism about the economy.
Most Carmakers Post Double-Digit Gains for May
Drivers snapped up new models and rental-car and government fleets ordered more vehicles in May, boosting U.S. auto sales for yet another month.
Protesters Picket Apple, Foxconn at HK Meeting
Protesters picketed Foxconn's annual general meeting in Hong Kong on Tuesday, accusing both the Apple Inc. supplier and computer giant of poor corporate
Wholesale Inventories, Sales Up in April
Inventories held by wholesalers rose for a fourth straight month in April while sales rose for a 13th consecutive time. Both gains were encouraging signs
Asia Stocks Boosted by Agricultural Bank IPO News
World markets mostly rose Wednesday as investors cheered the news that a state-owned Chinese bank is readying a record-breaking initial public offering.
More Workers Quit Jobs As Economy Improves
One sign of better economic times is when more people start finding jobs. Another is when they feel confident enough to quit them.
Hyundai Resumes India Production Despite Strike
Hyundai Motor has resumed production in India despite an ongoing strike that forced the nation's top car exporter to halt production for two days
Honda Hit by 2nd China Parts Factory Strike
Workers at a second auto parts factory affiliated with Honda Motor Co. walked off the job Wednesday as a strike dragged on at the other ...
China's Agricultural Bank IPO May Be World's Biggest
China's stock regulator has approved Agricultural Bank of China's plans for an initial public offering in Shanghai and Hong Kong worth well over $20 billion
GM Recalls 1.5 Mil. Cars for Potential Fire Hazard
General Motors Co. said Tuesday it was recalling about 1.5 million vehicles worldwide to address a problem with a heated windshield wiper fluid
GM to Keep 900 More Dealers Than Planned
About 900 General Motors dealerships that the company had planned to cut loose appear to be getting a reprieve.
Spain's Borrowing Costs Rise to Alarming Levels
Wary investors pushed up Spain's borrowing costs on Wednesday as a debt downgrade from last week cast a shadow over the country's efforts to avoid
Asia Stocks Rise, Europe Falls
European stocks fell Tuesday, as investors worried that growth would be hurt by the region's sprawling debt crisis and spending cuts.
4th Strike Since 2008 Halts India Hyundai Production
Striking workers forced Hyundai Motor to stop all production in India on Monday, the latest in a series
Debit Card Fees Pit Retailers Against Banks
Swipe your debit card at the supermarket and you've placed yourself at the heart of a contentious congressional debate.
Apple Answers Android with June 24 iPhone 4 Debut
The next iPhone comes out June 24 and will have a higher-resolution screen, longer battery life and thinner design.
Sharp Improves Giant Wall-Display Technology
Walls, ceiling and floors will turn into wall-to-wall imagery with Sharp's new technology that has minimized the gaps between displays
BOA Settles Claims Against Countrywide for $108 Mil.
Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two years ago
Airline Industry Projected to Earn Profits This Year
The International Air Transport Association has upgraded its forecast for the global airline industry this year — forecasting that it will earn $2.5 billion.
World Stocks Tumble on Jobs Data, Hungary Fears
World stock markets tumbled Monday and the euro hit a new four-year low in the wake of poor U.S. jobs figures and amid fresh fears ...
Uncle Sam to Lose $1.6 Bil. on Chrysler Bailout
The Treasury Department said Monday it will lose $1.6 billion on a loan made to Chrysler in early 2009.
Stocks Recover from 184-Point Dow Slide
Stocks had another wild day, but there was no big event, no surprise announcement behind the swings.
Oil Prices Fell 20% in 2 Weeks
Oil prices fell again Monday and have now fallen about 20 percent in just two weeks as investors worry about the ripple effects of a ...
GM Reports First Profits in 3 Years
General Motors Co. rode expense cuts from its bankruptcy and strong sales of redesigned models to its first quarterly net income in nearly three years.
Home Prices Fell from February to March
Home prices fell in March from the previous month, a sign of a weakening housing market despite historically low mortgage rates and now-expired
Europe Stocks Rebound As Euro Hits New 4-Year Low
European stock markets rebounded Monday after big falls at the end of last week but the euro continued to languish near four-year lows against the ...
Trichet Says Europe Economy At Its Worst Since WWI
The euro750 billion ($1 trillion) shock-and-awe rescue package to prevent the Greek debt crisis from spreading only bought eurozone countries
Japan Machinery Orders Rose 5.4% in March
Japan's machinery orders, a closely watched indicator of future business investment, rose in March for the first time in three months
Locke Pushes U.S. Green Tech on Reluctant China
U.S. leaders want China's clean energy boom to drive technology exports and are sending a sales mission to Beijing this week.
FDIC Shuts Down 4 Banks to Bring Year's Total to 72
Regulators on Friday shut down Midwest Bank and Trust Company in Elmwood Park, Ill., as well as three smaller banks in Georgia, Michigan and Missouri
Jobs Called Chen to Get iPhone Prototype Back
Brian Hogan's world closed in fast almost as soon as he sold the next-generation iPhone he found in a Silicon Valley bar to a popular ...
Euro at 4-Year Lows on Debt Fears
The euro sank to just above a 4-year low against the dollar Friday as economic data suggested a stronger recovery in the U.S. while the ...
J.C. Penney Profits More Than Double
J.C. Penney Co. reported that its first-quarter net income more than doubled as the department store operator benefited from sales improvements
Data Suggests Jobs Being Added Slowly
Fewer people are filing claims for unemployment aid, new jobs are showing up in service industries, and companies are squeezing all they can
Foxconn to Give China Employees 2nd Pay Raise
Foxconn workers in China will get another pay raise in coming months, on top of an increase that just took effect in response to recent ...
China Agricultural Bank Ready for IPO
The state-owned Agricultural Bank of China plans to sell a 15 percent stake in what could become the world's largest initial public offering
Honda Settles China Labor Dispute After 2-Week Strike
Honda Motor Co. said a labor dispute at a parts plant that crippled the automaker's production in China has been resolved after a wage increase
Disappointing Jobs Data Batters Stocks, Euro
Stock markets dropped sharply Friday and the euro slid to a new four-year low against the dollar after U.S. government figures showed
BP Reports Some Oil Being Funneled by New Cap
BP reported some oil was flowing up a pipe Friday from a cap it wrestled onto its broken Gulf of Mexico well but crude still ...
McDonald's Pulls Cadmium-Tainted Shrek Glasses
Cadmium has been discovered in the painted design on "Shrek"-themed drinking glasses being sold nationwide at McDonald's, forcing the burger giant
Foxconn Faces Heat from Yet Another Worker Death
Taiwan's Foxconn Technology Group, which has been shaken by a spate of worker suicides in China this year, said Friday another employee
Geithner Says Europe Crisis Won't Sink U.S. Recovery
Treasury Secretary Timothy Geithner said Thursday he doesn't think that the European debt crisis will derail the U.S. economic recovery.
Recent Rise in Jobs Data Reflects Temporary Hiring
The nation's employers likely unleashed a wave of hiring last month, but it probably won't be repeated.
Yahoo Adds Direct Access to Facebook Updates
Yahoo Inc.'s latest facelift will include a Facebook touchup. As part of changes rolling out this week, Yahoo will import personal updates from Facebook's social ...
U.S. Equipment Maker Logs Sizzling China Growth
Mining equipment maker Joy Global Inc. said Thursday its efforts to grab more business in the booming steel and power producing markets in China
Slowing Productivity Growth Seen As Hopeful Sign
Productivity grew at a slower rate in the first three months of the year than previously thought, a possible sign that businesses are reaching the ...
Jobless Claims Drop for 2nd Straight Week
New claims for unemployment insurance fell for the second straight week, fresh evidence the job market is slowly improving.
Airline Recovery Quickens on Asia, U.S. Growth
The aviation industry could recover within two years from the global economic downturn, as growth in the U.S. and Asia offsets weaker demand in Europe
May Retail Report Shows Spending Slowed
Retailers are reporting tepid business in May after cool weather and fresh concerns about the economy had shoppers cutting spending
Ford to End Mercury Production in 2010
Ford Motor Co. said Wednesday it will cease production of its 72-year-old Mercury brand by the end of 2010 after years of declining sales.
Pending Home Sale Forecasts Boost Stocks
Stocks rebounded Wednesday after a stronger-than-expected increase in pending home sales restored investors' optimism about the economy.
Most Carmakers Post Double-Digit Gains for May
Drivers snapped up new models and rental-car and government fleets ordered more vehicles in May, boosting U.S. auto sales for yet another month.
Protesters Picket Apple, Foxconn at HK Meeting
Protesters picketed Foxconn's annual general meeting in Hong Kong on Tuesday, accusing both the Apple Inc. supplier and computer giant of poor corporate
Wholesale Inventories, Sales Up in April
Inventories held by wholesalers rose for a fourth straight month in April while sales rose for a 13th consecutive time. Both gains were encouraging signs
Asia Stocks Boosted by Agricultural Bank IPO News
World markets mostly rose Wednesday as investors cheered the news that a state-owned Chinese bank is readying a record-breaking initial public offering.
More Workers Quit Jobs As Economy Improves
One sign of better economic times is when more people start finding jobs. Another is when they feel confident enough to quit them.
Hyundai Resumes India Production Despite Strike
Hyundai Motor has resumed production in India despite an ongoing strike that forced the nation's top car exporter to halt production for two days
Honda Hit by 2nd China Parts Factory Strike
Workers at a second auto parts factory affiliated with Honda Motor Co. walked off the job Wednesday as a strike dragged on at the other ...
China's Agricultural Bank IPO May Be World's Biggest
China's stock regulator has approved Agricultural Bank of China's plans for an initial public offering in Shanghai and Hong Kong worth well over $20 billion
GM Recalls 1.5 Mil. Cars for Potential Fire Hazard
General Motors Co. said Tuesday it was recalling about 1.5 million vehicles worldwide to address a problem with a heated windshield wiper fluid
GM to Keep 900 More Dealers Than Planned
About 900 General Motors dealerships that the company had planned to cut loose appear to be getting a reprieve.
Spain's Borrowing Costs Rise to Alarming Levels
Wary investors pushed up Spain's borrowing costs on Wednesday as a debt downgrade from last week cast a shadow over the country's efforts to avoid
Asia Stocks Rise, Europe Falls
European stocks fell Tuesday, as investors worried that growth would be hurt by the region's sprawling debt crisis and spending cuts.
4th Strike Since 2008 Halts India Hyundai Production
Striking workers forced Hyundai Motor to stop all production in India on Monday, the latest in a series
Debit Card Fees Pit Retailers Against Banks
Swipe your debit card at the supermarket and you've placed yourself at the heart of a contentious congressional debate.
Apple Answers Android with June 24 iPhone 4 Debut
The next iPhone comes out June 24 and will have a higher-resolution screen, longer battery life and thinner design.
Sharp Improves Giant Wall-Display Technology
Walls, ceiling and floors will turn into wall-to-wall imagery with Sharp's new technology that has minimized the gaps between displays
BOA Settles Claims Against Countrywide for $108 Mil.
Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two years ago
Airline Industry Projected to Earn Profits This Year
The International Air Transport Association has upgraded its forecast for the global airline industry this year — forecasting that it will earn $2.5 billion.
World Stocks Tumble on Jobs Data, Hungary Fears
World stock markets tumbled Monday and the euro hit a new four-year low in the wake of poor U.S. jobs figures and amid fresh fears ...
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