CBO Projects Slower Growth, Bigger Deficit Than Obama

A new congressional report released Friday says the United States' long-term fiscal woes are even worse than predicted by President Barack Obama's

Asian American Unemployment Rate Lowest

The report released Friday by the Labor Department for the month of February shows that Asian Americans have the lowest unemployment rate

Indian Conglomerate Buys W. Va. Coal Miner

A subsidiary of Indian conglomerate Essar Group has agreed to buy West Virginia-based Trinity Coal.

Improving Laptop, TV Sales Boost Best Buy

Better sales of notebook computers and flat-panel TVs helped Best Buy's fourth-quarter earnings rise 37 percent, the electronics retailer said Thursday.

Verizon Winds Down Costly FiOS Expansion

If Verizon Communications Inc. hasn't already started wiring your city or town with its FiOS fiber-optic TV and broadband service

French Growth Slows to Crawl in 2010

The pace of France's economic growth slowed at the start of 2010 as a government vehicle scrappage scheme was phased out

EU, IMF Agree on Greek Bailout Plan

Heavily indebted Greece won a major pledge of financial support from the other countries that use the euro and the International Monetary Fund

Toyota to Pause UK, France Production on Weak Demand

Toyota said Friday it is stopping production at its factories in France and Britain for a total of nine days amid weak demand that the ...

China to Launch Stock Futures Trading

China will launch trading of stock futures on April 16, regulators said Friday, in a move that could help boost stock prices and increase the ...

Nano Safety Questioned As New Car Bursts into Flames

When it was launched less than a year ago, the $2,500 Tata Nano was promoted as a safe, ultra-cheap car for poor Indians, an alternative ...

Initial Jobless Claims Fall More Than Expected

New claims for unemployment benefits fell more than expected last week as layoffs ease and hiring slowly recovers.

Oracle Revenues, Profits Top Wall Street Views

Oracle Corp.'s quarterly profit edged past Wall Street's estimates as revenue from new software licenses ratcheted higher for the second quarter in a row.

China's Geely to Buy Volvo for $1.8 Bil.

Zhejiang Geely Holding Group signed a binding deal Sunday to buy Ford Motor Co.'s Volvo Cars unit for $1.8 billion

China to Buy Brazil's Itaminas Iron Ore Mine

A state-run Chinese mining company said Thursday it has agreed to buy the Itaminas iron ore mine in Brazil from its owner, Bernardo de Mello.

Go Daddy Joins Exodus from China Business

Two U.S. companies that sell Internet addresses to Web sites said Wednesday they had stopped registering new domain names in China

Fiat to Cut 5,000 Jobs

Fiat will cut 5,000 jobs in Italy, slash the number of car models and increase production as part of its new strategic plan

Google Ties with China Partners Being Severed

A popular Chinese Web portal said Wednesday it is taking over operation of two services developed and formerly operated with Google just days after the ...

Sweden's Electrolux Bids for Daewood Electronics

Swedish appliance maker Electrolux AB says it has made a bid for Daewoo Electronics Corp. of South Korea.

Big Aussie Energy Deal Signed As Rio Tinto Trial Ends

Australia and China signed a multibillion dollar energy deal Wednesday, pushing ahead with business as the trial of four employees of mining giant Rio Tinto

Asian Stocks Up on Data from U.S., Asia

Asian stocks were up modestly Wednesday as encouraging economic reports and gains in U.S. markets buoyed investor confidence.

Japan Exports Jumped 45% in February

Japan says exports in February jumped 45.3 percent from a year earlier, fueled by robust global demand for cars and electronics.

World Stocks Gain on Brightening U.S. Outlook

World stocks rose Tuesday as the outlook for economic recovery brightened after upbeat consumer spending figures in the U.S. The euro also gained

March Jobs Data Disappoints Investors

European and U.S. stock markets fell Wednesday after weak U.S. jobs data stoked concerns that official government figures later in the week will come in ...

Novell Wins Utah Jury Verdict in Unix Copyright Suit

Novell Inc. never sold ownership rights to Unix computer software code when it allowed another company to take over the servicing of the venerable server

NASA to Probe Toyotas for Electronic Glitches

NASA and the National Academy of Sciences are joining the government's effort to figure out what caused the sudden acceleration

Nissan's Leaf Plug-In Electric to Cost $25,000

Nissan's new electric car will cost just over $25,000 when it goes on sale in the U.S. in December, aiming to bring gasoline-free technology

Apple Shares Hit Recod High on iPhones for Verizon

Apple Inc. shares have hit another all-time high now that it appears the iPhone could find a new sales outlet through Verizon Wireless.

Consumer Confidence Rise Beats Expectations

Americans' confidence in the economy rebounded in March after a February plunge but remains relatively weak amid a tough job market

Geely to Plow $900 Mil. More into Volvo

Chinese automaker Zhejiang Geely Holding Group expects to spend hundreds of millions of dollars beyond the $1.8 billion purchase price for Volvo

McDonald's Opens Hamburger U in Shanghai

China's newest university has no football field or fancy library. For inspiration, it looks not to Confucius, but to Ronald McDonald. But Shanghai's

U.S. Blocking Free Trade Talks Says Dutch Minister

The Dutch economic affairs minister has accused the U.S. government of being the most important hindrance to global trade talks

Japan February Factory Output Broke Rising Trend

Cautious Japanese companies laid off more workers and hit the brakes on production in February, sending factory output down for the first time in a ...

iPad May Be Kindle's First Serious eBook Threat

Amazon.com, which has dominated the young but fast-growing electronic book market for the past few years with the Kindle

Geithner Says Commercial Real Estate Loans Problematical

Mounting losses from commercial real estate loans will continue to be a problem for the U.S. and especially smaller banks, but it can be managed

Consumer Spending Rise Shows Decent Recovery Pace

Consumers spent modestly last month, a sign that the economic recovery is proceeding at a decent — but not spectacular — pace.

Boeing Says 787 Airworthiness Tests Positive

Boeing Co. said the results of a key airworthiness test for its long delayed 787 are "positive," but it will be weeks before the aircraft ...

Sinopec Profits More Than Doubled in 2009

Sinopec, Asia's biggest refiner by volume, said profit more than doubled in 2009 on lower crude oil costs and a revival in demand amid China's ...

Ericsson Signs $1.8 Bil. Deals with China Mobile, Unicom

Swedish wireless equipment maker L.M. Ericsson AB says it has signed deals worth $1.8 billion with Chinese operators China Mobile and China Unicom.

Japan Auto Production Surge in Feb. Led by Toyota

Japanese automakers said their global production surged in February, as Toyota boosted output 83 percent from a year earlier despite an ongoing recall

GM Has Shot at 2010 Profit Says New CFO

Gas Prices Highest Since Oct 2008

Motorists are paying the highest prices for gas since October 2008. Retail gasoline prices rose on Thursday on an expected increase in demand

FedEx Sees Solid Global Recovery Led by Asia

FedEx says the global economic recovery is broadening, as Asia continues to show strong growth and the U.S. economy gains steam.

105 Owners of Repaired Toyotas Complain of Acceleration

Complaints of sudden acceleration in Toyotas repaired under recalls have nearly doubled in the past two weeks, according to an Associated Press analysis

Hollywood Joins Bollywood to Fight Indian Film Piracy

Hollywood and Bollywood linked arms Thursday to fight piracy, with the announcement of a coalition among the Motion Picture Association of America

Nissan to Make Leaf Electric Cars in Britain

Nissan Motor Co. said Thursday it will make its electric vehicle, the Leaf, in England from early 2013 as the automaker gears up for global ...

China Mobile Profits Grow 2.3% Amid Intense Competition

China Mobile Ltd., the world's biggest phone carrier by subscribers, said Thursday its 2009 profit rose 2.3 percent over a year earlier

Akio Toyoda Admits Fast Growth Hurt Worker Training

Toyota's training of workers to maintain quality control failed to keep up with the company's rapid growth, its president Akio Toyoda said in an interview

Viacom Gets Court to Unseal YouTube Litigation Secrets

A legal tussle pitting media conglomerate Viacom Inc. against online video leader YouTube is about to get dirtier as a federal judge prepares to release ...

Data Shows Brakes Not Applied at Time of NY Prius Crash

Computer data from a Toyota Prius that crashed in suburban New York City show that at the time of the accident the throttle was open ...

Japan Central Bank Pushes Lending to Fight Deflation

Japan's central bank is escalating the fight against deflation by offering more cheap loans to banks.