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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 ...

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 ...

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 ...

China to Buy $50 Bil. of First IMF Bond Issue

China has agreed to buy $50 billion of the International Monetary Fund's first bond issue in a move that will help to strengthen the body's ...

Geithner Says Stimulus Still Needed to Help Recovery

Treasury Secretary Timothy Geithner said Wednesday that efforts by the United States and other nations to fight a worldwide economic crisis have been able to ...

YouTube to Offer Movie Rentals

YouTube, Google Inc.'s online video streaming service, is in talks with Hollywood studios to rent new release movies online, according to people familiar with the ...

Fed Plan to Boost Int'l Visitors Includes $10 Fee

Lawmakers are working together at least one bipartisan venture before turning their full attention to health care. The Senate appears poised to pass a bill ...

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 ...

Asia, Europe Rise on Fed Optimism

European and Asian stocks rose Thursday and Wall Street was expected to gain at the open after a Federal Reserve report boosted hopes the U.S. ...

Cal High Court Lets Stand Starbucks Award Reversal

The California Supreme Court will not review a appeals court ruling that wiped out an $86 million judgment against coffee giant Starbucks over tip sharing ...

Rhapsody Streaming Music App Okayed for iPhones

RealNetworks Inc.'s subscription music service Rhapsody has been approved for use on iPhones and iPod Touches, the first time Apple Inc. has allowed an on-demand ...

Fed Survey Shows U.S. Recession Ended

The recession is ending and the economy is finally growing again. That's the message implicit in the Federal Reserve's latest survey of businesses around 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, ...

China's Beijing Auto Joins in Saab Takeover Bid

China's Beijing Automotive Industry Holdings has struck a preliminary deal to become a minority stakeholder in Koenigsegg Group AB's takeover of Saab Automobile from General ...

Asia, Europe Stocks Drop on Export Fear of Weak Dollar

European and Asian stocks drifted lower Wednesday as a drop in the value of the dollar hit world exporters, pushing investors to cash in on ...

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 ...

Palm to Release Cheaper Lighter Version of Pre

Palm Inc., which revitalized its product line with the Pre smart phone launch in June, is hoping to keep momentum going with the release of ...

Taxpayers Likely to Lose Billions on Auto Bailout

Taxpayers face losses on a significant portion of the $81 billion in government aid provided to the auto industry, an oversight panel said in a ...

Buyers Hold the Power in Home Sales

The American dream of homeownership is still attainable. Buyers just have to deal with a new set of realities. A year after the collapse of ...

China Commissions World's Biggest Solar Power Plant

First Solar Inc. said Tuesday it has received initial approval from the Chinese government to build what may become the largest solar field in the ...

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. ...

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 ...

China's Richest Communists Celebrate 60th Birthday

Public loudspeakers in the central square blare the village anthem hourly: "If you want to see a miracle, come to Huaxi." Not that any reminders ...

CNN to Charge Fee to Download Its iPhone App

CNN is coming out with an iPhone application Tuesday that has a feature few other news apps have tried: a price tag. There's been a ...

Japan Fears Deflation on Record Drop in Prices

The government says prices in Japan tumbled at a record pace in August amid growing worries about jobs and wages. The country's core consumer price ...

California Tax Panel Recommends Total Overhaul

A commission charged with reforming California's tax structure will recommend repealing the state sales and corporate taxes, flattening the income tax rate and taxing businesses ...

China Gives Bombardier $4 Bil. Hi-Speed Train Contract

Train maker Bombardier Inc. said Monday its Chinese joint venture has been awarded a $4 billion contract to build 80 high-speed trains for China's railway ...

Asian Stocks Fall on Strengthening Currencies

World stocks fell Monday after disappointing data from the U.S. undermined hopes of a fast economic recovery and a sharp strengthening in Asian currencies hurt ...

Fox Cable News Wins Big by Catering to Angry Wingnuts

Amplifying the nation's political division has been good business for Fox News Channel and MSNBC during this season of anger — but it may come ...

Xerox to Buy Affiliated Computer Svcs for $5.75 Bil.

Xerox has announced a deal to buy the business processing company Affiliated Computer Services for about $5.75 billion.

Airlines Add Baggage Fees to Europe, India, Canada

The big U.S. airlines are charging baggage fees on some international flights, generally coach tickets between Europe and the U.S. or Canada. What you should ...

Asian Stocks Rise on Yen Fall, Wall Street Jump

Asian stocks bounced back Tuesday as big corporate takeovers in the U.S. gave investors a new shot of confidence and the yen retreated from a ...

China Industrial Profits, Growth Improve in Q2

Profits at China's oil producers, steel makers and other major industrial companies fell 10.6 percent in the first eight months of 2009 from the same ...

Japan to Rescue, Restructure JAL

Japan's transport minister said Sunday he will not force the struggling Japan Airlines, Asia's biggest airline, into bankruptcy. "We will not crush and liquidate (the ...

U.S. Banks Earned $5.2 Bil. Trading Derivatives in Q2

U.S. commercial banks earned $5.2 billion trading derivatives in the second quarter, as the level of risk eased in the global market for the complex ...

New Home Sales Rise but Below Expectations

New U.S. home sales posted a tepid 0.7 percent increase last month, missing Wall Street expectations and providing more evidence that the housing market recovery ...

China to Top Global Auto Sales in 2009

China's auto sales should soar to 12.6 million units this year, up 35 percent from 2008, boosted by subsidies that the industry is lobbying Beijing ...

China Ties Banker Pay to Risk, Rejects Caps

China plans to link the pay of bankers to risks taken by their institutions but has no plans for salary caps, a government spokeswoman said ...

Ford Ramps Up China Expansion with 3rd Plant

Ford Motor Co. said Thursday it will invest $490 million to build an assembly plant in China to produce the next-generation Focus compact car, which ...

Rim Outlook Weak on New Phone Delays

BlackBerry maker Research In Motion Ltd. reported a drop in fiscal second-quarter profit Thursday because of charges for a patent settlement and said revenue for ...

Prius Boosts Size, Gas Mileage for 2010

There's a little something extra for car buyers who have their hearts set on top fuel mileage in the Toyota Prius. But they'd better not ...

IBM Undercuts Google with Corporate Email Service

IBM Corp. is trying to stymie Google Inc.'s expansion into the business software market. The weapon: a bare-bones e-mail service that IBM is selling to ...

Comcast Mulls Controlling Stake in NBC Universal

Comcast Corp. might spend billions for a stake in NBC Universal, a deal that would transform the nation's largest cable TV provider into one of ...

Consumer Spending Jumped in August

Consumer spending, propelled by the wildly popular Cash for Clunkers auto sales program, shot up in August by the largest amount in nearly eight years ...