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World stock markets traded in a narrow range Wednesday as investors looked for renewed direction, while the British pound continued to founder following unimpressive industrial output figures. Read More »
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News | world stocks flat pound takes hit ap
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Fresh from a grilling by U.S. lawmakers, Toyota President Akio Toyoda will speak Monday in China about his company's quality problems, seeking to boost confidence and ease consumer worries in the world's biggest auto market. Read More »
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News | toyotas president visit china monday ap
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The government's response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department warned. Read More »
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News | watchdog bailouts created risk ap
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Coming off its worst year in three decades, the market for initial public offerings is starting to show signs of life. Eight companies are looking to raise as much as $3.7 billion when they go public next week, the most activity the U.S. Read More »
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News | as stocks rallying ipos return ap
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Two live-action comedies were unable to bring down the animated adventure "Up." Disney and Pixar Animation's "Up" reeled in $44.2 million to remain on top of the box office for the second weekend in a row, according to studio estimates Sunday. Read More »
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News | up maintains no boxoffice altitude m ap
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General Motors on Friday told about 1,100 of its dealers -- one in five -- that they would be dropped by late next year, adding to the economic pain radiating from the beleaguered Detroit automakers to cities and towns across the country. Read More »
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News | more auto cuts gm eliminate dealers ap
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President Barack Obama's plan to provide medical insurance for all Americans took a big step toward becoming reality Sunday after leaders of the health care industry offered $2 trillion in spending reductions over 10 years to help pay for the program. Read More »
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News | health groups offer trillion cost savings ap
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The pace of layoffs slowed in April when employers cut 539,000 jobs, the fewest in six months. But the unemployment rate climbed to 8.9 percent, the highest since late 1983, as many businesses remain wary of hiring given all the economic uncertainties. Read More »
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News | layoffs slow k april jobless rate rises ap
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Some of the nation's largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing many need more funds. The Treasury Department will officially release results later Thursday. Read More »
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News | bank stress tests banks funds ap
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Caution returned to Wall Street Tuesday ahead of results of the government's stress tests of banks. Stock futures dipped slightly following the big advance Monday that sent one key Wall Street indicator, the Standard & Poor's 500 index, into positive territory for the year and the Dow Jones industrials up more than 200 points. Read More »
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News | stock futures dip big gains ap
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The Federal Reserve says it sees signs the recession may be easing but warns the U.S. economy is likely to remain weak. Against that backdrop the Fed held its key lending rate at a record low of between zero and 0.25 percent. Read More »
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News | fed sees signs recession easing ap
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The government's "stress tests" of 19 large banks take a harsher view of loans than of other troubled assets, according to a Federal Reserve document obtained by the Associated Press. Read More »
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News | ap exclusive fed tests harder regional banks ap
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Chinese Premier Wen Jiabao said Saturday the country's stimulus package is working and the economy is "better than expected," but he cautioned that complete recovery will take much more time because the global financial crisis continues to spread. Read More »
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News | chinas premier economy expected ap
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At the height of the U.S. housing boom, when building materials were in short supply, American construction companies used millions of pounds of Chinese-made drywall because it was abundant and cheap. Read More »
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News | ap impact chinese drywall poses potential risks ap
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Federal regulators are floating several options for reining in the practice of short-selling stocks, as investors, corporations and lawmakers clamor for restrictions on moves they say gutted vulnerable companies and worsened the market's downward spiral. Read More »
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News | sec floating options limit short sales ap
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The nation should stop pouring billions into futuristic, super-expensive F-22 jet fighters, pull the plug on new presidential helicopters and put the money into systems U.S. soldiers can use against actual foes, Defense Secretary Robert Gates declared Monday. Read More »
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News | big cuts f big weapon programs ap
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On the eve of a global economic summit, President Barack Obama promised world leaders he would listen, not lecture, as they seek a common fix to the financial crisis. "We can only meet this challenge together," he said Wednesday as the U.S. and Russia spoke on the summit sidelines about nuclear warhead reduction. Read More »
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News | obama rally world cope downturn ap
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Wall Street is turning higher as investors buy up technology and financial stocks to square their portfolios on the last day of the quarter. Read More »
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News | wall street rebounds day quarter ap
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President Barack Obama asserted unprecedented government control over the auto industry Monday, bluntly rejecting turnaround plans by General Motors Corp. and Chrysler LLC, demanding fresh concessions for long-term federal aid and raising the possibility of quick bankruptcy for either ailing auto giant. Read More »
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News | obama puts gm chrysler short leash ap
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Wall Street's big March rally was officially on hold Monday after the White House rejected turnaround plans from General Motors Corp. and Chrysler. Read More »
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News | stocks fall automaker plans rejected ap
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The Obama administration plans to give General Motors Corp. enough government aid to restructure over the next 60 days, while Chrysler LLC will get up to $6 billion and 30 days to complete an alliance with Italian automaker Fiat SpA. Read More »
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News | sources obama gm months restructure ap
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General Motors Corp. Chairman and CEO Rick Wagoner will step down immediately at the request of the White House, administration officials said Sunday. The news comes as President Obama prepares to unveil additional restructuring efforts designed to save the domestic auto industry. Read More »
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News | gm ceo wagoner step white house request ap
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The only major economy still growing at a fast clip, China is being unusually forthright in challenging the U.S.-led global order ahead of an April 2 summit on the financial crisis. Read More »
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News | china challenges global financial leadership ap
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Stocks are retreating in early trading as investors cash in some of this month's big gains. After a 21 percent surge in the Dow Jones industrial average over just 13 days, a dip in personal incomes and a slowdown in personal spending gave investors little reason to extend the rally. Read More »
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News | investors cash gains big rally ap
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Wall Street's March rally gained momentum on Thursday -- this time, thanks to surprisingly good earnings from some major consumer brands. Read More »
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News | stocks rise relief earnings debt auction ap

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