Recovery

China's auto sales rebound in October

By JOE McDONALDAP Business Writer BEIJING (AP) - China's auto sales rebounded in October but Japanese brands suffered a sharp downturn amid a territorial dispute between Beijing and Tokyo, an industry group said Friday. Sales in the world's biggest auto market rose 6.4 percent to 1.3

Gas rationing, shortage fray nerves in NYC

By JIM FITZGERALD and TOM HAYSAssociated Press NEW YORK (AP) - A gasoline shortage caused by Superstorm Sandy forced 1970s-era rationing on New Yorkers Friday, adding a fuel-gauge obsession to their frayed nerves and dwindling patience. "I take passenger, I look at gas. I take another passenger

China's factory output rises in sign of recovery

By JOE McDONALDAP Business Writer BEIJING (AP) - China's auto sales, consumer spending and factory output improved in October in a new sign of economic recovery as the Communist Party prepared to install a new generation of leaders. Growth in factory output accelerated to 9.6 percent over a

China's inflation eases, giving room for stimulus

BEIJING (AP) - China's inflation eased further in October as increases in food prices slowed, giving Beijing room to launch new stimulus measures if needed to speed a recovery from a painful economic slump. Consumer prices rose 1.7 percent, down from the previous month's 1.9 percent, the