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Senate Raises Debt Ceiling to $12.4 Tril.

The Senate voted Thursday to raise the ceiling on the government debt to $12.4 trillion, a massive increase over the current limit

Treasury Removes Cap for Fannie, Freddie Aid

The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac.

Durable Goods, Jobs Data Drive Up Stocks

Stocks rose Thursday after positive reports on unemployment and durable goods orders showed the economy is continuing to recover.

Oil Prices Pass $77 on Surprise Inventory Drop

Oil prices hit a three-week high above $77 a barrel Thursday before surrendering most of its gains as a larger than expected drop in U.S. ...

New GM CFO to Get $750,000 Plus Stocks

The new chief financial officer at General Motors Co. will receive a salary of $750,000 next year, but he'll get up to another $5.45 million

Citigroup Sheds Pay Caps After $20 Bil. TARP Payback

Citigroup Inc. on Wednesday repaid $20 billion in bailout money and received a government ruling that it's no longer covered by the pay restrictions

Blackberry Slammed by 2nd Outage in Week

When Corey Marshall's Blackberry mysteriously stopped sending and receiving messages, he realized all too clearly just how much he depends on the device:

Fed Assessment Buoys Stocks

The stock market struggled but held its ground Wednesday as an upbeat assessment of the economy from the Federal Reserve offset drops

New Home Sales Plunged 11% in November

Sales of new homes plunged unexpectedly last month to the lowest level since April, a sign the housing market recovery will be rocky

Samsung to Pay Kodak for Patent Infringement

Eastman Kodak says electronics maker Samsung Electronics has agreed to pay the photography company an undisclosed sum to settle a patent dispute

Ford to Complete Volvo Sale to Geely in Q1

Ford Motor Co. said Wednesday it is close to selling its loss-making Volvo unit to China's Geely and expects a final deal in the first ...

China Plan for Rare Earth Reserve Worries Tech Sector

China will create a reserve for rare earths next year to prevent waste of the exotic metals used in computers and clean-energy products

Jump in U.S. Home Resales Boosts Asia, Europe

Asian and European stock markets were higher Wednesday after a jump in U.S. housing sales suggested the world's biggest economy is picking up speed.

Louisiana Rice Hopes to Replace Thai Jasmine in U.S.

The U.S. rice industry is making way for the Jazzman. It's a new variety of aromatic rice developed at Louisiana State University and being sold ...

A-Power Wins Biomass Power Plant Contract in Thailand

A-Power Energy Generation Systems Ltd. said Tuesday that it has signed a deal worth $86 million with Thailand's Biomass Electricity Co. Ltd. to develop a ...

Microsoft Ordered to Change Word Software Code

A federal appeals court ordered Microsoft Corp. to pay a Canadian software company $290 million for violating a patent, upholding the decision of a lower ...

Sprint to Cut Up to 2,500 Jobs

Sprint Nextel Corp. on Monday said it will cut 2,000 to 2,500 jobs, mostly before the end of the year, as it keeps losing subscribers.

Asian Stocks Rise on Growth in China, Japan

Asian stock markets were mostly higher Wednesday after figures from China and Japan showed the region's two biggest economies were on track

China Consumer Growth Offsets Export Decline

The slump in China's exports eased last month as industrial output and retail sales rose sharply, the government said Wednesday, showing that recovery in the ...

U.S. Recovery Threatened by Unemployment Says World Bank

Stubbornly high joblessness threatens to trigger loan defaults and drag on consumption next year, hobbling a U.S. economy struggling to rebound from recession

GM Chief Engineer Relieved Opel Staying with GM

When General Motors Co.'s board halted the sale of the company's European car business last week, no one was happier than the automaker's chief engineer.

Adobe to Cut 680 Full-Time Jobs

dobe Systems said Tuesday it is cutting 680 full-time jobs, or about 9 percent of its work force, to align costs with its fiscal 2010 ...

New England Recovery Slower Than Nation's

The worst of the recession may be over, but a new economic forecast points to a "slow and weak recovery" in the New England states, ...

Asia Stocks Rise on Wall Street Surge

Asian stocks extended their gains Tuesday after Wall Street touched its highest level for 2009 amid optimism low interest rates would continue to power this ...

Cisco Systems Borrows $5 Bil.to Fuel Buying Binge

Cisco Systems Inc., the world's largest maker of computer networking equipment, said Monday it will sell three series of senior unsecured notes worth a total ...

U.S. Feared on Course to Repeat Japan's Lost Decade

Heavy government stimulus spending and near-zero interest rates did little to end a "lost decade" of stagnation and mushrooming debt in Japan. Some economists

Google to Buy Ad Mob for $750 Mil.

Google Inc. is stepping up its push to sell advertising on cell phones, announcing a deal Monday to buy a mobile ad network, AdMob, for ...

World Markets Boosted by G-20 Stimulus Pledge

World stock markets rose Monday and the dollar fell sharply against the euro after the Group of 20 leading rich and developing countries agreed to ...

China Car Sales Jump 72% in October

Powered by tax cuts and stimulus spending, China's October auto sales soared 72 percent from a year earlier, outpacing U.S. sales for another month

Northrop Sells TASC to Fund Stock Buyback Increase

Northrop Grumman said Sunday it agreed to sell its advisory services business TASC Inc. to private equity firm General Atlantic LLC and affiliates of Kohlberg ...

Fry's, Safeway Prepare for Possible Strike

In less than a week, unionized workers at two Arizona grocery store chains may be walking a picket line instead of stocking shelves and cutting ...

Unemployed Suffer More Now Than in 1982

It hurts more to be unemployed now than the last time the jobless rate hit 10 percent.

India Hopes to Top 7% Growth Rate in 2010

The Indian government is pushing ahead with economic reforms aimed at achieving a growth rate of more than 7 percent next year but will make ...

CBS Sees Ad Sales Bouncing Back

The sale of popular TV shows partly offset a drop in third-quarter advertising revenue at CBS Corp. but the company said ad trends are improving ...

Boeing Fixes 787 Flaws, Vows Test Flight by Yearend

Boeing Co. said Thursday it has finished fixing structural flaws in the first of its long-delayed 787 jetliners.

GE to Develop Aviation Electronics with China Firm

>General Electric's aviation unit is teaming with Aviation Industry Corp. of China to develop and market electronic systems for commercial aircraft customers

Sands to Resume Macau Casino Resort Construction

U.S. casino operator Las Vegas Sands Corp. plans to resume work in January on its multibillion-dollar gambling resorts in Macau after suspending construction

China Wants U.S. to Raise Rates to Save Recovery

China's top bank regulator said Sunday the weakening U.S. dollar and low interest rates are spurring speculation in stocks and property, distorting global asset prices

Google Cedes Partial Control over Online Library

Internet search leader Google will ease its control over millions of copyright-protected books earmarked for its digital library if a court approves a revised lawsuit ...

Rich Buying Again but Middle Class Still Hurting

American shoppers are splitting again: The affluent are finally starting to buy, picking up designer clothes at places like Nordstrom, while those on the lower ...

Eurozone Emerged from Recession in Q3

The 16-country eurozone has officially joined the United States and Japan out of recession, after figures Friday showed its economy grew by 0.4 percen

Volkswagen, Audi Sales Up 11% on China Boom

German car maker Volkswagen AG said Friday that its group deliveries were up 11 percent on the year in October

Federal Deficit Hits New Record in October

The federal deficit hit a record for October as the new budget year began where the old one ended: with the government awash in red ...

Recovery Won't Keep Unemployment from Passing 10%

The economy is rebounding from its deepest slump since the 1930s, but it probably won't seem that way when the government releases its monthly employment ...

China Signals Intention to Let Yuan Rise

The dollar edged up in trading against other currencies Thursday as the Chinese government appeared to signal that it may be willing to let the ...

Intel Settles AMD Dispute for $1.25 Bil., Faces Charges

Intel Corp. is paying Silicon Valley rival Advanced Micro Devices Inc. $1.25 billion to squash a legal battle over Intel's sales tactics,

China Automotive Systems Sees Profits Surge

China Automotive Systems Inc., which makes power steering components, said Thursday that third-quarter profit rose sharply on a boost in sales of components

Macy's Posts Smaller Loss, Raises Outlook

Macy's Inc.'s third-quarter loss shrunk as tight inventory controls and a move to localize merchandise at its department stores by region paid off.

HP Moves into Networking with $2.7 Bil. 3Com Buy

Hewlett-Packard Co. said Wednesday it is buying the 3Com Corp. networking company for $2.7 billion, the latest move by the world's No. 1 personal computer ...

Applied Materials to Cut At Least 1,300 Jobs

Applied Materials Inc. said Wednesday that fiscal fourth-quarter net income fell by 40 percent and announced it would cut 1,300 to 1,500 jobs