By TOM RAUMAssociated Press
A sea of red ink is confronting the nation and presidents to come.
The budget deficit - the shortfall created when the government spends more in a given year than it collects in taxes and fees- is on track to top $1 trillion for the fourth straight year.
By YURI KAGEYAMAAP Business Writer
TOKYO (AP) - Toyota Motor Corp. is boosting its green vehicle lineup, with plans for 21 new hybrids in the next three years, a new electric car later this year and a fuel cell vehicle by 2015 in response to growing demand for fuel efficient and environmentally
By JOE McDONALDAP Business Writer
BEIJING (AP) - The company that makes Apple's iPhones suspended production at a factory in China on Monday after a brawl by as many as 2,000 employees at a dormitory injured 40 people.
The fight, the cause of which is under investigation,
By SCOTT MAYEROWITZAP Business Writer
NEW YORK (AP) - The best way to reduce the federal deficit is through a combination of higher taxes and spending cuts, says a group of economists.
A survey of 236 members of the National Association for Business Economics says the country needs more fiscal
By PAMELA SAMPSONAP Business Writer
BANGKOK (AP) - Asian stock markets were held in check Tuesday by a host of concerns about the global economy.
Worries about the state of the world economy worsened Monday when Germany's Ifo index of business confidence fell for a fifth consecutive month,
By The Associated Press
NEW YORK (AP) - The president and CEO of Volvo Car Corp. has suspended his duties within the company for the next month due to a stroke, the company said Sunday. Chief Financial Officer Jan Gurander will serve as acting CEO during the absence.
Volvo said CEO Stefan
RICHMOND, Calif. (AP) - The U.S. Environmental Protection Agency is conducting a criminal investigation of Chevron after learning the company had been routing pollutants around monitoring equipment at its Richmond refinery and burning them off into the atmosphere.
The San Francisco Chronicle
By The Associated Press
FED UP: One goal of the Federal Reserve's stimulus is to make you so frustrated with the puny yields from conservative assets, like Treasurys, you'll buy stocks and other risky assets, driving up prices. That should make you richer and willing to spend more money
By BERNARD CONDONAP Business Writer
Ben Bernanke hopes his latest plan to stimulate the economy will get you to buy stocks and other risky assets. Maybe you should. People who did that after two similar Federal Reserve efforts are sitting on big gains today.
But the odds of fat profits aren
By JOSHUA FREEDAP Business Writer
It was possible to walk into a store Saturday and buy an iPhone 5. But it took some hunting.
Some stores reported having Apple's newest phone available for walk-up customers, though not all versions of it. A random check of about a dozen stores indicated