By ELAINE KURTENBACHAP Business Writer
TOKYO (AP) - U.S. Treasury Secretary Timothy Geithner said Thursday that financial reforms and other actions in response to the global crisis are yielding results, helping the U.S. economy to grow at a pace better than there was reason to expect.
By YURI KAGEYAMAAP Business Writer
TOKYO (AP) - Toyota executives were unfazed Thursday by the overnight recall of 7.43 million vehicles over faulty power window switches that can cause fires, calling it a sign the Japanese company had learned from its mistakes and was becoming quicker and more
By CIARAN GILES and PAN PYLASAssociated Press
MADRID (AP) - The Spanish government's dilemma over whether to request a European bailout has become more acute following a downgrade of the cash-strapped country's credit rating.
Standard & Poor's late Wednesday cut its rating on
PARIS (AP) - Big box retailer Carrefour SA says revenue was up modestly in third quarter, driven by strong sales in its convenience stores and booming regions like Asia and Latin America.
The world's second-largest retailer after Wal-Mart said Thursday that sales rose 2.1 percent to €22.6
By The Associated Press
Oil prices rose Thursday as tension between Turkey and Syria raised concerns that crude oil supplies from the Middle East could be disrupted.
Benchmark oil gained 82 cents to close at $92.07 per barrel. It has risen 2.4 percent so far this week.
On Thursday, Turkey
By PAMELA SAMPSONAP Business Writer
BANGKOK (AP) - Asian stock markets rebounded Friday after the number of Americans applying for jobless benefits plummeted unexpectedly, suggesting the recovery in the world's largest economy might be gaining traction.
Weekly applications for unemployment
By MARCY GORDONAP Business Writer
U.S. foreclosure filings dropped to a five-year low in September as fewer homes were on track to be seized by lenders.
It was the second-consecutive monthly decline in filings, although there remains a sharp divergence along state lines, according to a report
By JOE McDONALDAP Business Writer
BEIJING (AP) - China demanded Thursday that Washington repeal steep tariffs on solar panels that Chinese producers fear will shut their equipment out of the American market.
The tariffs upheld Wednesday by the U.S. Commerce Department add to financial pressure
By CANDICE CHOIAP Food Industry Writer
NEW YORK (AP) - Wendy's pigtails are getting a tweak.
For the first time since 1983, the Dublin, Ohio-based fast food company is updating its logo in a move intended to signal its ongoing transformation into a higher-end hamburger chain.
Instead of the
By YOUKYUNG LEEAP Business Writer
SEOUL, South Korea (AP) - South Korea's central bank cut its key interest rate Thursday for the second time this year and slashed growth forecasts as Asia's fourth-largest economy faces mounting threats from the protracted debt crisis in Europe and a