Latest headlines in Business News
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Spike in Prius complaints may not be all it seems(AP) (Yahoo Business 2010-03-11 01:10:11)
AP - Reports of sudden acceleration in the Toyota Prius have spiked across the country. But that doesn't mean there's an epidemic of bad gas pedals in the popular hybrid.
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Pelosi says Dems near deal on health care bill(AP) (Yahoo Business 2010-03-11 01:09:53)
AP - Democrats claimed momentum Wednesday in their drive to enact the sweeping health care legislation sought by President Barack Obama, citing near agreement on crucial issues despite persistent Republican efforts to knock them off stride.
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GM CEO says U.S. will make money on bailout(Reuters) (Yahoo Business 2010-03-11 00:54:34)
Reuters - General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June and could go public in a way that would allow taxpayers to make a profit on the bailout, Chief Executive Ed Whitacre said on Wednesday.
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Roll Call: Senate vote on jobless aid measure(AP) (Yahoo Business 2010-03-11 00:51:53)
AP - The 62-36 roll call Wednesday by which the Senate voted to extend jobless aid, tax breaks to businesses and individuals and money to help financially strapped states pay for health care for the poor.
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Hill International 4th-quarter profit rises(AP) (Yahoo Business 2010-03-11 00:30:54)
AP - Construction consultant Hill International Inc. said Wednesday that its fourth-quarter profit more than doubled as revenue from its project management and construction claims units rose and selling, general and administrative expenses fell.
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Japan revises down 4Q economic growth(AP) (Yahoo Business 2010-03-11 00:21:43)
AP - Japan says its economy grew notably less in the fourth quarter than initial estimates.
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ND oil rig count tops 100(AP) (Yahoo Business 2010-03-10 23:50:17)
AP - The number of rigs piercing North Dakota's oil patch has topped 100 for the first time in nearly three decades, the state Department of Mineral Resources said Wednesday.
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US views Doha framework as 'not satisfactory': lawmaker(AFP) (Yahoo Business 2010-03-10 23:20:55)
AFP - The United States is unhappy with the current framework of the Doha Round of negotiations to forge a global trade accord, a key lawmaker said Wednesday after talks with WTO chief Pascal Lamy.
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Wal-Mart spent $1.78 million lobbying in 4Q(AP) (Yahoo Business 2010-03-10 23:00:52)
AP - Wal-Mart Stores Inc., the world's largest retailer, spent nearly $1.78 million lobbying in the fourth quarter on a wide range of issues from health care reform to organized crime and food safety issues, according to a recent disclosure report.
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Report: BP is pursuing Devon Energy assets(AP) (Yahoo Business 2010-03-10 22:47:42)
AP - BP PLC, Europe's second-largest oil company, is the leading candidate to purchase assets worth more than $5 billion from independent oil and gas producer Devon Energy, the Wall Street Journal said Wednesday.
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Britain confronts debt of Greek proportions(AP) (Yahoo Business 2010-03-10 22:46:44)
AP - Government debt is growing, as is the deficit. The economy is struggling to get out of recession and there is talk of spending cuts or higher taxes. The unions are on edge. And the currency is plummeting.
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ECB to examine European IMF plan: Trichet(AFP) (Yahoo Business 2010-03-10 22:30:52)
AFP - The European Central Bank will consider a proposed emergency fund for eurozone economies in distress, ECB chief Jean-Claude Trichet said on Wednesday.
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Stocks rise after inventories fall and sales gain(AP) (Yahoo Business 2010-03-10 22:10:31)
AP - Scant buying lifted stocks for a second day Wednesday after the government reported a drop in companies' inventories.
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Jo-Ann Stores posts 4Q profit surge as sales gain(AP) (Yahoo Business 2010-03-10 22:00:41)
AP - Craft and fabric retailer Jo-Ann Stores Inc. on Wednesday posted an 82 percent surge in fourth-quarter profit, buoyed by cost-cutting and higher sales across its product lines.
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Chrysler names North American Fiat head(AP) (Yahoo Business 2010-03-10 21:58:31)
AP - Chrysler Group LLC said Wednesday that it has named a new executive to head the reintroduction of the Fiat brand to the North American market.
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Oil prices settle above $82(AP) (Yahoo Business 2010-03-10 20:47:11)
AP - Oil settled above $82 on Wednesday after rising as high as $83. Prices got a bump in morning trading following the government's weekly crude inventory report, which showed a smaller increase in supplies than expected. Prices also got some support from OPEC raising its outlook for world oil demand.
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Senate passes jobless aid, business tax breaks(AP) (Yahoo Business 2010-03-10 20:44:22)
AP - The Senate voted Wednesday to extend a host of soon-to-expire elements of last year's economic stimulus measure, including help for the jobless and money to help financially strapped states pay for health care for the poor.
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Walmart returns items to shelves after lost sales(Reuters) (Yahoo Business 2010-03-10 20:33:37)
Reuters - Wal-Mart Stores Inc has put roughly 300 items back on its U.S. store shelves after the retailer said it "disappointed" customers by not stocking certain products.
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Colorado unemployment rate edges up to 7.4 percent(AP) (Yahoo Business 2010-03-10 20:33:00)
AP - Colorado's unemployment rate rose 0.1 percentage point in January to 7.4 percent, the state Department of Labor and Employment said Wednesday.
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Rockwell takes smaller 4Q loss on greater revenue(AP) (Yahoo Business 2010-03-10 20:24:05)
AP - Rockwell Medical Technologies Inc., which makes products used in the treatment of kidney disease and anemia, reported a smaller fourth-quarter loss Wednesday as its sales grew and expenses came down.