Ford, GM report weaker April auto sales

General Motors and Ford reported weaker April sales, hurt by lower demand for compact and subcompact cars.
Chrysler, however, posted a 20-percent rise in sales. Its […]

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Sprint hit with $300 million tax fraud lawsuit

New York’s attorney general filed a tax fraud lawsuit against Sprint Nextel on Thursday, accusing the wireless carrier of intentionally underpaying sales tax in […]

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Indian economic advisor: no big reforms until 2014

The Indian government’s chief economic adviser says India won’t likely pursue any major economic reforms until after 2014 parliamentary elections.
Kaushik Basu said this week at […]

AP NewsBreak: Competition cuts down Medicare fraud

A yearlong experiment with competitive bidding for power wheelchairs, diabetic supplies and other personal medical equipment produced $200 million in savings for Medicare, and government […]

Euro-Area March Inflation Rate Exceeds Estimate on Energy - Bloomberg

European consumer prices increased at a faster pace than initially estimated in March, driven by energy costs, complicating the European Central Bank

Can stocks extend their first-quarter win streak?

The zigzag in the stock market this past week may leave you wondering queasily: Will this quarter build on the blockbuster gains from the start […]

Brian Dunn resigns as Best Buy CEO

Best Buy Co. CEO Brian Dunn has resigned from the nation’s largest consumer electronics retailer, which has been struggling to rebound amid growing competition and […]

Canada, Japan agree to enter negotiations for free-trade deal

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Isle of Capri narrows loss

Isle of Capri continued to make financial progress, cutting its third-quarter loss to $1.2 million, or 3 cents per share, compared with a loss of […]

Official: Caterpillar to build plant in Georgia

An official familiar with the project says Caterpillar plans to build a new manufacturing plant in Georgia, bringing an estimated 1,400 jobs to the state.
The […]