Business News

Shares of Japanese and South Korean automakers broadly advanced Tuesday, as investors shrugged off a dismal U.S. sales report for December.

Engine maker's shares rally despite weak outlook for 2009.

NEW YORK/WASHINGTON (Reuters) - U.S. prosecutors asked a judge to jail accused swindler Bernard Madoff on Monday, saying he sent jewelry and other items worth more than $1 million to family and friends in violation of his bail.

SAN FRANCISCO (Reuters) - Former eBay Inc Chief Executive Meg Whitman has resigned from three corporate boards for personal reasons, a turn-of-the-year move that would free her to run for governor of California.

President-elect Barack Obama, citing conditions that are becoming "very dire for American families," pressed leaders of both ...

In a regulatory sea change that could cost billions of dollars, thousands of U.S. companies plus foreign corporations that do ...

CHICAGO (Reuters) - Tyson Foods Inc Chief Executive Dick Bond said on Monday that he was leaving the No. 1 U.S. meat company, effective immediately.

Electronics maker to sell TV model that can stream videos from Internet.

Meat producer shows Dick Bond the door.

U.S. Treasury is set to issue a massive amount of new debt.

Strength in materials and energy stocks as prices for crude oil rallied helped pull most of Latin America's equity markets higher Monday.

Specialty steel maker introduces surcharge due to rise in input costs.

Liquidity concerns motivate sale of natural gas assets to group of private investors.

RV maker retains financial adviser to help it review strategic alternatives.

SINGAPORE (Reuters) - Oil was steady above $48 on Tuesday after rising 5 percent overnight, as Israel's deepening incursion into Gaza and a spat between Russia and Ukraine over gas prices stoked fears of severe supply disruptions.

Syracuse escaped the sharp highs and lows of the housing boom and bust. The severe downward slide in home sales slammed other ...

The gnomes working tirelessly at the Hulbert Financial Digest have completed their calculations of newsletters' returns through the end of 2008.

With the economy in full swoon, more corporate travel departments are requiring cost-saving measures. Employees are increasingly ...

The seventh edition of NBC's The Biggest Loser begins tonight with new licensing tie-ins and General Mills as a first-time ...

The final numbers are in, and it's official: 2008 was a crummy year to sell cars. Not only did sales fall off a cliff, but consumer ...

DETROIT (Reuters) - U.S. auto sales plunged by 36 percent in December led by outsized declines at Chrysler LLC, Hyundai Motor and Toyota Motor Corp as the battered industry closed out its weakest year since 1992 in its largest single market.

The major indices close Monday in shallow negative territory despite an afternoon push higher as investors took in auto sales and construction spending data.

Hyundai Motor America is taking aim at Americans' worries about job security: If you buy a new Hyundai and lose your job within a year, you can give it back.

LOS ANGELES (Reuters) - Health insurer Cigna Corp said on Monday it will cut 1,100 jobs, or about 4 percent of its workforce, and consolidate certain operations as it copes with the economic downturn.

The U.S. Treasury Department says it recently invested another $15 billion in seven banks as the government continues to try to reinvigorate lending and revive the economy.

The number of filings broached the one million number, but is still about half of the 2005 number, due to a change in law that year.

Ford Motor Co. reports that December U.S. vehicle sales were cut by a third from a year ago, bringing the total decline for 2008 to 20.7% and closing the books on one of the toughest years the domestic industry has ever seen.

Investors are tiptoeing into the first full week of the year, as premarket trading is mixed ahead of readings on auto sales and construction spending.

The company is the latest of a number of British icons to suffer from the global slowdown.

Bob Iger is inside the Royal Festival Hall in London on a September afternoon, geeking out with some young guys about two of his favorite things: tunes and technology. The CEO of Walt Disney Co. pulls out his iPhone and thumbs through his playlists, looking for a particular live...

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The price of a barrel of oil traded above $46 Monday on evidence that OPEC production cutbacks were taking hold and news of more unrest in oil-rich Nigeria.

In 2008, we certainly learned why some folks shouldn't try to make predictions about the economy.

LG Electronics plans to begin selling high-definition TV sets that stream Netflix videos directly from the Internet, without an additional device.

SEOUL (Reuters) - Samsung Electronics, the world's largest maker of memory chips, denied a report saying it may cut its 2009 investment in semiconductors by more than half from last year amid a lingering downturn.

A House committee will question the SEC's internal watchdog as to why the SEC failed to detect an alleged $50 billion investment fraud by Bernard Madoff.

Truck maker Navistar International Corp. provided a soft 2009 forecast on Monday, citing a weak demand in North America where sales volumes are expected to remain near 30-year lows.

The first biopharma acquisition of the year as the industry consolidates.

Citgo has suspended its free heating oil program for low-income residents, Citizens Energy Chairman Joseph Kennedy announced ...

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The U.S. government may take common equity stakes in banks in another effort to boost lending and revive the economy, UBS analysts say.

John Neff feels your pain. The legendary money manager, 77, beat the S&P 500 by an average of more than three percentage points a year during his 31-year run at Vanguard's Windsor fund. He has been investing his own money since retiring in 1995. Ever a contrarian, he has...

In the name of security, new regulations affecting shipments to the U.S. are enacted. Importers need to learn how to cope.

(Reuters) - Loan losses for U.S. commercial banks are expected to rise to 3 percent by the end of 2010, from 1.5 percent in the third quarter of 2008, hurt by an increased percentage of bad loans, greater consumer leverage and faster problem recognition by banks, Deutsche Bank...

The Federal Reserve Bank of New York announces it has begun buying illiquid mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac and Ginnie Mae as part of an earlier announced $500 billion program. .

Recession fatigue is setting in; now, geopolitics, and supply worries are likely to start to have an effect on prices.

Drug company Pfizer is willing to acquire a large rival to improve its financial health, a report says.

Gasoline prices have risen for the first time in 16 weeks as higher crude oil costs were reflected at the pump, the government ...

SAN FRANCISCO (MarketWatch) - Shareholders deserve more information than what Apple Inc. chief executive Steve Jobs was willing to disclose about his health Monday.