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Business
Feds to probe cause of runaway Prius in California
The government sent investigators Tuesday to examine a Prius that sped out of control on a California freeway, and Toyota said it wanted to interview the driver as the besieged automaker dealt with a high-profile new headache that raised questions about the safety of its beloved hybrid.
Updated: 02:06 AM
China February exports jump 45.7 percent
China’s exports rose in February in a new sign of growing global demand that could help persuade officials to let the Chinese currency rise.
Updated: 12:36 AM
Soaring China home prices thwart ordinary buyers
The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home. Prices for even modest apartments in Shanghai have soared, putting home purchases out of reach for white collar workers and professionals.
Updated: 12:06 AM
Asia markets little changed as China exports surge
Asian stock markets were little changed Wednesday even as surging Chinese exports pointed to a pickup in global trade.
Updated: 12:06 AM
Curbing derivatives might hurt, not help, Greece
Derivatives have become a dirty word.
Updated: 11:36 PM
Bank of America ends overdraft fees on debit cards
Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It’s a step that may become a common move ahead of new regulations limiting overdraft fees.
Updated: 11:36 PM
Oil hovers above $81 amid mixed US inventory data
Oil prices hovered above $81 a barrel Wednesday in Asia after a report showed mixed evidence about U.S. crude demand.
Updated: 11:06 PM
Business groups launch ad against health care bill
Major business groups Tuesday announced a multimillion-dollar ad campaign to stop President Barack Obama’s health care overhaul as it approaches a make-or-break vote in the House.
Updated: 09:06 PM
Shares of bailed out companies surge
Shares of four companies that have received huge infusions of taxpayer cash soared Tuesday after a report that the government would sell its stake in Citigroup Inc. raised hopes that other bailed-out companies would follow.
Updated: 09:06 PM
Toyota to expand recall of Tundra pickups for rust
Toyota said Tuesday it will expand a recall announced last year to fix Tundra pickup trucks with frames that could rust and lead to spare tires falling from the vehicle.
Updated: 08:37 PM
Obama: Greece, facing bad days, has US as ally
President Barack Obama stood with Greek Prime Minister George Papandreou on Tuesday and pledged that the United States would work with its ally, even as Greece’s enormous debts sparked frenzied trading.
Updated: 08:37 PM
EU urges US to join in action against speculators
European officials urged the U.S. to join in a crackdown on speculators who bet against Europe’s currency union, warning they might ban some credit default swaps _ opaque financial instruments blamed for worsening the world financial crisis.
Updated: 08:37 PM
ICF International’s 4Q net ticks higher
ICF International Inc.’s quarterly profit ticked higher as the company benefited from a lower tax rate and higher revenue from its consulting and technology services.
Updated: 08:07 PM
A policy change on abortion, but how radical?
President Barack Obama’s health care bill would change federal policy on abortion, but it would not open the spigot of taxpayer dollars as some abortion opponents fear.
Updated: 07:36 PM
Wintrust Financial closes $182.9M stock offering
Wintrust Financial Corp., which operates community bank subsidiaries, said Tuesday it sold 5.8 million shares in a public offering that netted about $182.9 million.
Updated: 07:07 PM
Obama pushes senators for climate bill
President Barack Obama made a renewed push for a long-stalled climate and energy bill Tuesday, urging lawmakers at a White House meeting to pass a comprehensive bill this year.
Updated: 07:07 PM
Protalix chairman resigns for health reasons
Protalix Biotherapeutics Inc., a pharmaceutical company, said Tuesday its chairman of the board is resigning to recover from an illness.
Updated: 07:07 PM
Dollar General sues rival chain over colors
Dollar General Corp. has filed a federal lawsuit against rival discount chain Fred’s Inc., claiming the smaller company is using its trademark yellow and black colors.
Updated: 07:07 PM
Abbott to pay $450 million for Facet Biotech
Drug and medical products company Abbott Laboratories said Tuesday it will buy Facet Biotech Corp. for about $450 million in cash, expanding the company’s access to biotechnology drugs, including a potential treatment for multiple sclerosis.
Updated: 07:07 PM
Israel, Syria pursue nuclear-powered Mideast
Is the Middle East about to go officially nuclear?
Updated: 07:07 PM
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Consumer News
Millenials seek work’s benefits: leisure, money
GEN Y AT WORK: Millenials want more vacation and time for themselves away from the job than young people did 30 years ago, and they also value compensation more, according to a recent study.
Updated: 02:07 PM
ALL BUSINESS: Banks expand small-business loans
Banks know what the public wants to hear: They’re lending money to the little guys.
Updated: 02:07 PM
Worker theft: It’s usually one you least suspect
It often starts with a trusted employee who a small business owner would never suspect. Invoices might be forged, or checks might be stolen. By the time the boss catches on, thousands of dollars in cash or inventory have been stolen.
Updated: 01:36 PM
Is debt-ridden Manchester United in decline?
Snow, as Pulitzer Prize-winning American poet Richard Wilbur noted, has a remarkable ability to mask ugliness. In Wilbur’s poem "First Snow in Alsace," it covered the scars of war. In English soccer, it is throwing a temporary shroud over the depth of problems at Manchester United.
Updated: 10:37 AM
Will government intervene in BCS mess?
Now we’re getting somewhere.
Updated: 01:36 PM
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