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  • US stocks drop sharply; airlines sink

    It was a rough start to October for financial markets Wednesday, with the Dow Jones industrial average dropping more than 200 points as investors reacted to a round of negative economic news in the U.S. and abroad.

  • Truck deals help boost US auto sales in September

    Big discounts on pickup trucks kept U.S. auto sales strong in September. General Motors Co. and Chrysler Group led the industry with 19-percent sales increases over last September. Ford’s sales dropped 3 percent.

  • Tesco says UK authorities to investigate accounts

    Tesco, one of the world’s largest food retailers, says U.K. authorities are conducting a full investigation after its half-year profit was overstated by $407 million.

  • General Mills plans to cut 700 to 800 jobs

    General Mills plans to cut between 700 and 800 jobs, the second time it’s trimmed its work force in a month, as the food company adjusts for a shift by U.S. consumers away from boxed or frozen meals.

    EU says Ireland grants Apple illegal tax benefits


    Ireland appears to be granting Apple illegal tax rebates that may have to be recouped, the European Union’s competition watchdog said Tuesday as it pressed on with an inquiry into the iPhone maker’s overseas tax practices.

    Walgreen posts 4Q loss on Alliance Boots charge

    Walgreen booked a $239 million loss in its fiscal fourth quarter after swallowing a huge accounting charge from its Alliance Boots acquisition, but the drugstore chain’s results still met Wall Street expectations.

    Ford shares fall as company lowers Europe outlook

    Ford shares tumbled Monday after the automaker said it will fall short of its full-year profit goals.

  • Toyota recalls 690,000 pickups to fix rear springs

    Toyota says it is recalling 690,000 Tacoma pickup trucks because the rear leaf springs could break, puncture the gas tank and cause a fire.

  • Honeywell, Tata to make navigator for India’s army

    Honeywell International Inc. said Monday that it is partnering with Tata Power to help make navigation systems for India’s military.

  • Safety agency studying Toyota acceleration problem

    U.S. safety regulators are looking into a consumer’s petition alleging that older Toyota Corollas can accelerate unexpectedly at low speeds and cause crashes.

  • US stocks head lower, following drops overseas


    Concerns over high stock prices and global politics continued to plague markets Monday as major stock indexes ended with slight losses in another day of choppy trading. Pro-democracy protests in Hong Kong, a major world financial center, added to the host of political concerns on investors’ minds.

    Sue Gin dies; chief of airline catering empire, real estate mogul


    Sue Gin, who vastly improved the quality of airline food with her company Flying Food Group, died Friday morning. She had suffered a stroke Tuesday.

  • Chrysler recalls vehicles to fix ignition switches

    Chrysler is recalling nearly 350,000 older cars and SUVs to fix defective ignition switches that can cause the vehicles to stall.

  • Applications for US unemployment rise 12K to 293K

    The number of people seeking U.S. unemployment benefits increased last week after falling sharply two weeks ago. Despite the rise, the level of applications remains near pre-recession levels, a sign that hiring will likely remain healthy. READ MORE …

  • Sales of US new homes soar in August

    U.S. sales of new homes surged in August, led by a wave of buying in the West and Northeast. The Commerce Department said Wednesday that new-home sales climbed 18 percent last month to a seasonally adjusted annual rate of 504,000. The report also revised up …