China Car Sales Hit 5th New Monthly High

China’s passenger car sales likely rose to a record monthly high of 1.15 million units in April, the official Xinhua News Agency reported Thursday, citing ...

MGM Mirage Ordered to Cut Macau Joint Venture with Pansy Ho

Gaming law enforcement authorities in New Jersey are asking that MGM Mirage be forced to cut ties with its China joint venture partner Pansy Ho ...

China Boosts Subsidies for Buyers of Cars, Appliances

Bank of America Raises $13.5 Bil. Through Stock Sale

Bank of America Corp. said Tuesday that in less than two weeks it has raised $13.47 billion through the sale of 1.25 billion shares at ...

Hawaii Firm to Farm Ahi Tuna to Meet Growing Sushi Appetite

The popularity of tuna is growing as more people from Boston to Beijing learn the pleasures of succulent raw fish. But the heavy fishing of ...

Japan Economy Suffered Worst Quarterly Drop on Record

Japan’s economy likely suffered its worst contraction last quarter, the government is expected to report Wednesday, as exports plunged and companies slashed production.

Housing Construction Falls to Lowest Level on Record

World stocks lost some earlier gains Tuesday after an unexpected drop in U.S. home construction stirred worries about the economy. In afternoon European trading, Britain’s ...

Nissan Plans to Release Own Hybrids Next Year

Hybrid vehicle laggard Nissan hopes to catch up with its Japanese rivals after launching the company’s own green car technology next year, an executive said ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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) ...

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 ...

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 ...

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 ...

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 ...

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.

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 ...

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.

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.

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 ...