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CIT Group Gets $4.5 Bil. More to Restructure Debt

CIT Group Inc., one of the nation's largest lenders to small and mid-sized businesses, said Wednesday it received $4.5 billion in credit from its own ...

New Home Sales Fall Unexpectedly

Shares of homebuilders slid Wednesday as new home sales dropped for the first time in five months.

GM to Post Sales Gains for First Time in 21 Months

General Motors Co. is likely to post its first year-over-year monthly sales gain in 21 months when automakers report sales figures on Tuesday, a top ...

China's Geely in Talks to Buy Volvo from Ford

Ford Motor Co. has picked a consortium led by China's Geely Group as the preferred bidder to buy its Swedish Volvo Cars unit, the U.S. ...

Hummer Now Owned by China's Sichuan Tengzhong

Hummer, the off-road vehicle that once epitomized America's love for hulking trucks, is now in the hands of a Chinese heavy equipment maker. General Motors ...

Asian Markets Fall on U.S. Consumer Sentiment

Global stock markets dropped Wednesday as more signs American consumers were struggling undermined hopes for a stronger turnaround in the world's largest economy.

Ex-AMD CEO Fingered As Leaker in Galleon Case

Chip maker Advanced Micro Devices Inc. is "thoroughly reviewing" published reports fingering former chairman and CEO Hector Ruiz as the AMD executive who gave confidential ...

GMAC in Talks with Treasury for 3rd Round of Bailout

GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline ...

7 Calif Cities Top Nation in Median Home Values

Many college graduates are passing up industrial centers and former hotspots in the Southwest, which have been hit hard by the recession, in favor of ...

Bill Zeroes in on Overseas Tax-Dodge Schemes

Key lawmakers unveiled a bill Tuesday aiming to crack down on wealthy tax dodgers hiding money overseas.

IBM Adds $5 Bil. to Share Buyback Program

IBM Corp. has boosted its stock buyback program by $5 billion, a sign of the company's ability to spit out cash despite the fact the ...

Nissan Unveils New Platform for Global Minicars

It has become a vexing, billion-dollar question for the world's automakers: How do you build small, cheap cars profitably?

Honda Avoids Loss, Forecasts Surprising Profits

Japanese government incentives for green cars and strong sales in China helped Honda Motor Co. avoid red ink for the first half and raise its ...

Stocks Resume Rally After Brief Break

Investors popped the stock market's rally back in gear Friday after analyst upgrades boosted their optimism about the economy. A 36-point advance in the Dow ...

10 Mil. Jobs Would Reward Climate Action Says Blair

Former British Prime Minister Tony Blair says he hopes to break the "deadlock" in global climate talks with evidence that 10 million jobs could be ...

California Moves toward Major Tax Overhaul

A special commission this week is scheduled to recommend a sweeping overhaul of California's antiquated tax system, a move designed to bring fiscal sanity to ...

Wynn Boosts Size of HK IPO for Macau Assets

Casino operator Wynn Resorts Ltd. will increase the size of its Hong Kong initial public offering for its Macau casino assets, as it looks to ...

Many Publishers to Start Charging for Online News

With their advertising revenue drying up, newspaper publishers spent much of the spring and summer debating whether to cut off free online access to some ...

Meltdown Shattered Cherished Assumptions About Investing

The stock market bounced back, just as it has for nearly three decades. It just doesn't feel that way. Last year's financial meltdown knocked the ...

Young Americans Seek Careers in China

When the best job Mikala Reasbeck could find after college in Boston was counting pills part-time in a drugstore for $7 an hour, she took ...

China Says State Firm Profits Fell Last Year

Profit at China's top state-owned companies fell 30 percent last year, hurt by the global financial crisis, but assets have increased. The 141 banks, airlines, ...

Suburban Families Downsize from SUVs to Crossovers

Suburban mom Shana Rampersad is looking for a new family car, and it's got to be fuel efficient, stylish and roomy. That eliminates sedans, sport ...

Multinationals Break Vietnam Laws Promoting Breast-Feeding

Multinational companies in Vietnam sell baby formula so aggressively that they routinely stretch and sometimes break laws designed to promote breastfeeding, an AP investigation has ...

World Markets Slip Ahead of Fed Meeting

World stock markets were modestly lower Monday as investors look to this week's Federal Reserve meeting for more clues about the strength of the U.S. ...

Arena's Obesity Drug Effective but Disappointing

Arena Pharmaceuticals Inc. says its obesity drug candidate lorcaserin succeeded in a clinical study, but the drug did not appear to be as effective as ...

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, ...

Yahoo to Spend $100 Mil. to Build Brand Buzz

Yahoo Inc. believes a lot of its good work has been overlooked by investors and the media so it's spending more than $100 million to ...

Japan Air Lines Seeks Bailout

The president of Japan Airlines said Thursday the money-losing carrier is applying for public funds to help turn around a company that's been pummeled by ...

Falling Exports Keep Japan Mired in Recession

Japan's exports tumbled 36 percent in August — with car shipments falling by half — and imports also contracted sharply, the government said Thursday, showing ...

Honda Introduces Tiny Personal Mobility Device

Honda's new "personal mobility" device looks like a unicycle, but all you need to do to zip around on it — sideways as well as ...

Baidu Founder Robin Li a Rock Star in Google Country

The billionaire founder of a popular search engine drew a big crowd Wednesday at Stanford University — and it wasn't one of the guys that ...

Top Russian Tycoon to Buy New Jersey Nets

Could the New Jersey Nets become the Nyets? The basketball team once known as the New Jersey Americans is a step closer to being owned ...

Stocks Take Break from Rally Ahead of Fed Decision

Stock futures are creeping higher Wednesday as investors await the Federal Reserve's decision on interest rates. Markets overseas were mixed. Asian markets fell slightly overnight, ...

Choosy McDonald's Sets Rules for Potato Farmers

From the fields of Idaho to tasting rooms in suburban Chicago, potato farmers, researchers and industry representatives are in the midst of an elusive hunt: ...

Fed Likely to Leave Supports in Place

Nurturing a nascent recovery, Federal Reserve policymakers are sure to leave a key interest rate at a record low and probably will keep other economic ...

Ford Adds Low-Cost Compact to India Lineup

Ford Motor Co. will manufacture a low-cost compact car in India from early next year, the automaker said Wednesday, as it seeks to boost sales ...

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 ...

World Stocks Gain on Upbeat Asia Assessment

European stock markets followed Asia higher on Tuesday after the Asian Development Bank upgraded its growth forecasts for major economies like China and India and ...

Suntory Bids $2.7 Bil. for European Drink Maker Orangina

Japan's Suntory Holdings has made a binding offer to buy European drink maker Orangina from private equity firms Blackstone and Lion Capital, the equity firms ...

Singapore Cuts Citigroup Holdings to Below 5%

A Singapore sovereign wealth fund said Tuesday it has cut its stake in Citigroup Inc. from 9 percent to below 5 percent, reducing its holding ...

Facebook Scraps Beacon Tracking to Settle Lawsuits

Facebook is shutting down its much-maligned Beacon marketing program, launched nearly two years ago amid fanfare only to generate a storm of privacy complaints over ...

August Leading Indicators Higher Than Forecast

A private forecast of economic activity rose in August for the fifth straight month, the latest sign the recession has ended. The Conference Board said ...

Dell to Buy Perot Systems for $3.9

Dell Inc. plans to buy the technology services company Perot Systems Corp. for about $3.9 billion as it tries to expand beyond the PC business ...

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