Business
Sony's Chubachi warns stagflation threatens Asia
Sony Corp. President Ryoji Chubachi warned Thursday that stagflation - slowing economic growth and quickening inflation - in the U.S., Europe and Japan is beginning to undermine consumer demand in Asia.
Toyota lowers 2009 global sales target
Toyota lowered its global sales target for 2009 to 9.7 million vehicles on Thursday, down from an earlier 10.4 million vehicles, blaming "tough times," caused by rising material costs, a slowing U.S. market and soaring gas prices.
Survey: US workers' confidence in job market sags
American workers' confidence in the job market is as low as it was during the 2001 recession, according to a survey released Thursday.
China, Iraq reach $3 billion oil service deal
China and Iraq have signed a $3 billion deal revising an earlier agreement for China's biggest oil company to help develop the Ahdab oil field, according to a statement from the Iraqi Embassy in Beijing.
TVA asks NRC to renew build permits for 2 reactors
The Tennessee Valley Authority, faced with growing electricity demand and rising coal costs, asked regulators Wednesday to renew construction permits for two unfinished nuclear reactors it virtually abandoned 20 years ago.
TiVo shows another profit, but outlook weak
TiVo Inc. managed consecutive quarters of profitability for the first time ever despite eroding subscriptions, demonstrating that the pioneer in digital video recorders is on track in reducing marketing expenses and subsidies.
Factory had tension between union, immigrants
Union bosses in this region of rural Mississippi have long grumbled that the largest factories here hire illegal immigrants, and that the immigrants were starting to get more overtime and supervisory positions.
Treasurys edge higher amid Fannie, Freddie worries
Treasury bonds rebounded Wednesday to finish slightly higher amid uncertainty over whether troubled mortgage financiers Fannie Mae and Freddie Mac would need a government bailout.
Fannie Mae shakes up management team
Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled companies is imminent.
Questions follow Mattel's $100M Bratz verdict
A three-month trial that pitted Mattel Inc. against Bratz-maker MGA Entertainment Inc. brought a $100 million jury award for the house of Barbie, but the legal battle is far from over.
One small hitch for FAA, one giant mess for fliers
When a computer system that distributes flight plans nationwide came rolling to a halt this week because of a software glitch, so did airplanes on tarmacs from Orlando to Chicago. The ensuing delays drove home just how easily an apparently isolated problem can trigger network-wide disarray in the country's aging air traffic control system.
Summary Box: Sentencing in Enzyte case
WHAT: Steve Warshak, founder of Berkeley Premium Nutraceuticals, was sentenced Wednesday to 25 years in prison.
Most commodities rise as energy markets eye Gustav
Most commodities prices advanced Wednesday, lifted by the rising price of oil as traders eyed the trajectory of Tropical Storm Gustav.
3 top Fannie Mae executives to leave company
Fannie Mae says three top executives are leaving as the mortgage finance company aims to cope with mounting losses from the mortgage crisis.
Durable goods post strong gains in June, July
U.S. factories saw a surprisingly hefty increase in their orders for big-ticket products in July, reflecting continued strength in export sales and a boost to business investment from the government's tax stimulus package.
Public defender to take ex-prof's appeal in scam
The federal public defender for South Carolina will handle the court appeal of Al Parish, the former college professor convicted of bilking hundreds of investors out of $66 million.
SEC proposes international accounting plan
Federal regulators on Wednesday proposed a plan to allow public companies to begin using international accounting standards for reporting financial results in two years, and may require them to do so starting in 2014.
Study: Bankruptcies soar for senior citizens
First came the health problems. Then, unable to work, Ada Noda watched the bills pile up. And then, suffocating in debt, the 80-year-old did something she never thought she'd be forced to do.
NY AG confirms probe into Goldman, Fidelity
The New York attorney general's office said Wednesday it is investigating whether Fidelity Investments was given incentives by Goldman Sachs Group Inc. to sell auction-rate securities to investors.
ConocoPhillips sells remainder of gas stations
ConocoPhillips will sell the remainder of its gas stations in the United States, the company said Wednesday, though Conoco, Phillips 66, and 76 will continue to operate under those familiar signs.