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First China-Assembled A320 Makes Maiden Flight

America’s moms and dads are getting a good scolding: Your kids are lagging behind students all around the world. The White House says so, with ...

Goldman Sachs, Morgan Stanley Apply to Repay TARP

Goldman Sachs and Morgan Stanley have formally asked the Federal Reserve for permission to repay a combined $20 billion in federal bailout money.

American Express Cuts 4,000 More Jobs

American Express said Monday it is eliminating about 4,000 jobs as part of a plan to slash another $800 million in costs for the remainder ...

Factory Output Shows Depth, Pace of Slowdown

There’s one easy way to measure how much the economy is suffering during the recession: America’s factories are making far less stuff then they used ...

Toyota Expands Hybrid Market with New Bigger Prius

Toyota rolled out the revamped Prius on Monday, and said it already had 80,000 advance orders in Japan for the remodeled hybrid amid intensifying competition ...

GM Exports to U.S. Would Be Big Step for Chinese Carmakers

China’s auto industry has come a long way since General Motors Corp. set up its first factory here in a brand new industrial zone in ...

Indian Stocks Jump Over 17% on Election Euphoria

India’s stock market surged more than 17 percent, forcing trading to close for the day, after the Congress Party’s definitive victory in national elections put ...

Japan's Top Banks Post Annual Losses

Top Japanese banks tumbled to steep annual losses, hit by bad loans and plunging share prices, but said Friday that they expect to turn a ...

Temasek Sells Bank of America Holdings

Singapore state investment company Temasek sold its stake in Bank of America Corp., a move that likely added to large losses last year from its ...

Panasonic Posts $4 Bil. Loss for Year

Panasonic Corp. swung deep into the red last fiscal year, joining the expanding club of big Japanese brands shellshocked by their rapid descent from cash ...

Foreign Direct Investment in China Fell 22.5% in April

China is urging its banks to be careful about how they dole out a flood of credit, while promising new help for exporters and other ...

Microsoft Partners with Hangzhou in Model City Pact

Microsoft Corp. announced a partnership aimed at helping make the eastern Chinese city of Hangzhou a model for innovation and protection of intellectual property, in ...

GM to Cut 1,100 Dealerships After Chrysler's 789

A day after Chrysler LLC told a quarter of its dealers that it won’t renew their contracts, owners of General Motors Corp. dealerships are awaiting ...

Korea Sees First Signs of Recovery

South Korea’s economy is showing encouraging signs of recovery but prospects for a full-fledged revival remain cloudy, the country’s financial regulator said Friday. “In (South) ...

Schwarzenegger Orders Layoffs to Cut $15.4 Bil. Deficit

California Gov. Arnold Schwarzenegger said Thursday that thousands of state employees must be laid off and billions of dollars must be slashed from the budget ...

Prices Rise, Jobless Claims Stay Below Peak

New jobless claims rose more than expected last week due partly to an increase in layoffs by the automobile industry, while the number of people ...

BOA Sells Stake in China Construction Bank for $7.3 Bil.

Bank of America Corp. sold part of its stake in China Construction Bank for some $7.3 billion as the U.S. lender seeks to raise billions ...

Korea Unemployment Rate Falls to 3.8%

South Korea’s unemployment rate fell to 3.8 percent in April, government data showed Wednesday, adding to signs the country’s battered economy is improving.

GM to Export China-Built Cars to U.S.

General Motors Corp. plans to begin exports of vehicles made in China to the United States within two years, ramping up sales to more than ...

China Retail Sales Jump 15%

Resilient demand from Chinese shoppers helped push retail sales up 14.8 percent in April, but a paltry rise in industrial output sapped hopes for a ...

Obama Plan to Help Stricken Homeowners Keep Good Credit

The Obama administration is expected to expand its mortgage aid program on Thursday, announcing new measures that would help homeowners avoid a blemished credit record ...

Whole Foods Q2 Profit Falls 32%

Whole Foods Market Inc. said Wednesday that its quarterly profit fell 32 percent as shoppers spent conservatively during the recession, but the results narrowly beat ...

China Stimulus Boosts State Firms, Skips Entrepreneurs

Millions of Indians voted Wednesday in the final phase of the country’s monthlong national election, amid an economic downturn and a deeply fractured political scene.

Fomer Monster COO Convicted of Stock Accounting Fraud

The former president and chief operating officer of Monster Worldwide has been convicted in New York of wrongfully backdating millions of dollars’ worth of employee ...

Advanta to Close All Small Business Card Accounts

Advanta Corp., a credit card lender to nearly 1 million small businesses, will close all its cardholders’ accounts next month in a last-ditch effort stem ...

Oil Continues Rise Despite Highest Inventories in 19 Years

Investor hopes that the U.S. recession may have bottomed out propelled oil prices well above $59 a barrel on Tuesday.

Infrastructure Projects Skip Areas with Most Jobless

The billions in transportation stimulus dollars that President Barack Obama promoted as a way to create jobs shortchange counties that need the work the most, ...

Hitachi Reports Record Loss with Glum Outlook for 2009

Electronics maker Hitachi Ltd. posted the biggest ever annual loss for a Japanese manufacturer and warning of more red ink, said it doesn’t expect the ...

China April Exports Down 22.6%, Investments Up 30.5%

China’s exports plunged 22.6 percent in April from the year before in the sixth straight monthly decline, the government said Tuesday, while a torrent in ...

Sony to Post First Annual Loss in 14 Years

Japanese electronics and entertainment company Sony Corp. reports its fiscal fourth quarter and full year earnings on Thursday. The following is a summary of key ...

AIG Sells Japan HQ for $1.2 Bil.

Embattled insurer American International Group Inc. said Monday it is selling its Japanese headquarters to Nippon Life Insurance Co. for $1.2 billion in cash.

Credit Card Bill Would Let Consumers Return to Old Rate

Consumers who are paying more in interest because they have fallen behind on their credit-card bills could regain their older, lower rates if they pay ...

Microsoft Prepares First Debt Offering of $3.75 Bil.

Microsoft Corp. priced a $3.75 billion debt offering on Monday, a first for the world’s largest software maker.

Stimulus on Track to Save or Create 3.5 Mil. Jobs Says White House

The Obama administration is defending its claim that the $787 billion economic stimulus plan will save or create 3.5 million jobs before 2011 even while ...

Pang Used Fund As Personal Piggy Bank Says Receiver

A California financier accused in a federal fraud lawsuit treated the investments he managed as a “personal piggy bank” to fund a lavish lifestyle and ...

China CPI Falls 1.5% in April on Lower Food

China’s inflation rate fell for the third month in a row in April as prices for foods and energy plunged from high levels the year ...

GM Chapter 11 Deemed Virtual Certainty

For General Motors Corp., the task at hand is so difficult that experts say a Chapter 11 bankruptcy filing is all but inevitable.

Fiat's Triumphant Return to U.S. Stokes Italian Pride

In a perfect world, so the joke goes, the Germans are the mechanics, the Swiss are the timekeepers and the Italians are the lovers.

Insight First Hybrid to Top Japan Car Sales

Honda’s Insight, billed as the cheapest gas-electric hybrid on the market, ranked as the top-selling vehicle in Japan for April — the first time a ...

Luxury Goods Enjoy Boom in China

Clutching a fistful of shopping bags from designers Vivienne Westwood, Dior and Alexander McQueen as she concluded one of her twice-monthly shopping sprees, 29-year-old Zhao ...

Obama Wants Credit Card Legislation by Month's End

Send me a bill that stops credit card companies from taking advantage of consumers, and do it by month’s end, President Barack Obama is demanding ...

Toyota Reports Record Losses

Toyota Motor Corp. lost 765.8 billion yen ($7.7 billion) in the January-March quarter — a bigger loss than General Motors reported — resulting in its ...

Wall Street Ends Week Surgin on Jobs, Banks

As far as Wall Street is concerned there is no bad news anymore. At least for now, traders are seeing news about longtime trouble spots ...

Employment Data Boost Wall Street

Stock futures are extending their gains as the government says fewer jobs were lost in April than expected.

Oil Hits 6-Month High on Surging Optimism

Oil prices jumped to almost $58 a barrel Thursday, extending gains to near six-month highs on investor expectations that global economic growth may begin to ...

World Stocks Continue Climbing on U.S. Jobless Data

European markets extended their rally Thursday following key interest rate decisions and ahead of the formal release of the results for the U.S. government’s stress ...

China's Geely Bids for GM's SAAB

Chinese automaker Geely Automobile Holdings said Thursday it is bidding for General Motors Corp.‘s Saab brand, a move that would boost the company’s ability to ...

Stress Test Results Lift Cloud of Uncertainty

Government exams of the nation’s biggest banks have helped lift a cloud of uncertainty that has hung over the economy.

Bank of America Shares Surge Ahead of Stress Test Results

Shares of Bank of America Corp. continued their rapid climb Thursday, hours ahead of the expected announcement of bank stress test results and following a ...