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Business

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. ...

Citi Plans $5 Bil. Stock Offering to Cut Fed Holdings

Citigroup is considering a plan in which the Treasury Department would sell part of its holdings in the bank, while the New York-based company would ...

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 ...

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 ...

Trade, Jobless Data Support Recovery Optimism

The U.S. trade deficit in July hit the highest level in six months as a record rise in imports outpaced a third straight increase in ...

Rick Niu Promoted to CMO for ING's US Retirement Services

Rick Niu, who has been heading up ING's multicultural growth strategy and execution in the U.S., was promoted to chief marketing officer for ING U.S. ...

China Could Be $1 Tril. Green Tech Market

China potentially could be a $500 billion to $1 trillion a year market for environmentally sustainable "green technologies," a group of businesses and experts said ...

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, ...

Chinese Gov't to Help Finish Revel's Atlantic City Casino

Revel Entertainment has turned to the Chinese government for help finishing its lavish Atlantic City casino. China State Construction Engineering Corp., the construction arm of ...

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 ...

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 ...

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 ...

American, Delta Mull Stake in JAL

American Airlines parent AMR Corp. is negotiating for closer ties and possibly an investment in financially troubled Japan Airlines Corp., according to a person familiar ...

New Electrics Grab Focus at Frankfurt Auto Show

Sales have plunged, General Motors Co. has emerged from bankruptcy and Chrysler has been taken over by Italy's Fiat. The past year's turbulence will be ...

Yahoo Gains $150 Mil. on Sale of Alibaba Stake

Yahoo has cashed out of its investment in China's leading e-commerce site, Alibaba.com. The sale announced Monday is expected to generate a pretax windfall of ...

JAL Shares Surge on American, Delta Interest

Shares of Japan Airlines Corp. surged Monday amid speculation that American Airlines and Delta Air Lines are vying to buy stakes in the money-losing carrier. ...

NEC, Casio, Hitachi to Merge Cell Phone Business

Japanese electronics makers NEC Corp., Casio Computer Co. and Hitachi said Monday they will combine their mobile phone handset-manufacturing operations by April next year in ...

Majority of Americans Still Troubled by Economy

One year after Wall Street teetered on the brink of collapse, seven out of 10 Americans lack confidence the federal government has taken safeguards to ...

World Markets Rattled by U.S.-China Tire Tariff Dispute

European and Asian markets fell Monday, shaken by news of a trade dispute between the U.S. and China over tariffs on tires. Germany's DAX fell ...

U.S. Banks Return to Risky Investments

A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk. Goldman Sachs, JPMorgan Chase and ...

Last U.S. China Maker Survives on Vintage Design

Born of the Great Depression, it was a glossy, color-saturated line of cups, bowls and plates meant to affordably brighten lives and dinner tables. Seven ...

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 ...

Airlines Cut Flights to Lowest Level Since 2001

The U.S. airline industry is shrinking to a size not seen since the months after the 2001 terror attacks. The airlines have been trimming flights ...

Struggling JAL Considers Tieup with Air France-KLM

Struggling Japan Airlines Corp. has entered talks with Air France-KLM over a capital tie-up, a newspaper said Saturday. Asia's biggest airline hopes to expand its ...

GM Rescinds Spring's White-Collar Pay Cuts

General Motors Co. has rescinded white-collar pay cuts it made last spring as it desperately tried to conserve cash and avoid filing for bankruptcy protection. ...

World Stocks Rise on Good News from China, U.S.

European and Asian stock markets rose Friday on strong economic data from China and comments by U.S. Treasury Secretary Timothy Geithner, who said the financial ...

China Output, Consumer Spending Surged in August

China's recovery gained momentum in August as stimulus spending helped boost industrial output, investment and retail sales in the world's third-largest economy, offsetting a slump ...

China's Exports, Trade Surplus Fell in August

China's exports languished in August, contracting 23 percent, increasing the onus on Beijing's massive stimulus spending to drive an economic recovery. Customs data released Friday ...

Japan's Q2 Growth Was Weaker Than Estimated

Japan's growth in the second quarter was weaker than initially thought, but government figures still show that the world's second largest economy has managed to ...

GM Kicks Off Aggressive Money-Back Campaign

General Motors kicks off a marketing campaign next week pitched by its new chairman and featuring a money-back guarantee — unsatisfied car buyers can get ...

Toyota Warns Against Wrong-Size Floor Mats

Toyota's president said it was "extremely regrettable" an American family died in a crash in which a floor mat in one of the Japanese automaker's ...

New Apps Turn Cell Phones into Localized Guides

You're walking down the street, looking for a good place to eat. You hold up your cell phone and use it like the viewfinder on ...

Coach Sues Target for Alleged Copies of Handbags

Coach Inc. is suing low-price retailer Target Corp. over bags the luxury handbag maker says too closely resemble its own designs. Coach wants Target to ...