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By DEE-ANN DURBIN and TOM KRISHER – 11 minutes ago
DEARBORN, Mich. (AP) — Ford Motor Co. says it lost $8.7 billion in the second quarter largely because of a reduction in the value of assets.
The company also announced that it will bring six European small car models to North America by the end of 2012 as it deals with a market shift from trucks to cars brought on by hi...
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NEW YORK (AP) — Wall Street looked to extend its gains Wednesday as oil retreated again and investors turned a bit more hopeful about the economy.
Oil prices fell further after dropping more than $3 a barrel in the previous session as Hurricane Dolly looked likely to spare key oil installations in the Gulf of Mexico. Investors were also awaiting supply data released by the governme...
The just completed $4.25 billion auction of wireless spectrum has changed the industry "forever" in Canada by ushering in a new era of increased competition that will mean lower prices for consumers, says Industry Minister Jim Prentice.
But the government has yet to decide how to spend its unexpected bounty, Prentice said Tuesday, although Liberal critic Scott Brison has already called on...
NEW YORK (AP) — Wall Street looked to open sharply lower Tuesday after disappointing results from blue chips American Express Co., Apple Inc. and Texas Instruments Inc.
AmEx, one of the world's largest credit card lenders, said late Monday its second-quarter results fell 38 percent due to the weakening economy. The company, which missed projections, caters to more established borr...
RICHMOND, Ind. Ford Motor Co. is marking the 100th anniversary of the Model T, the first low-priced car that introduced motoring to the masses, at a time when Americans are cringing at the cost of filling their gas tanks and the U.S. auto industry is struggling with plant closings and layoffs.
But a weeklong celebration of the Model T promises to offer some nostalgic balm.
About 750...
One out of 16 people in the county's work force was unemployed last month, with a seasonally unadjusted unemployment rate of 5.9 percent, up from 5.5 percent in May. Since there were relatively few layoffs during the month, economists say the unemployment spike may come from new people trying to enter the work force but unable to find jobs.
The state Employment Development Department ...
Just a day before his country's chief nuclear negotiator meets with representatives from world heavyweights in Geneva, Iran's Foreign Minister Manouchehr Mottaki discussed his country's contentious nuclear program with Turkish officials in Ankara and said he expected progress in the key talks.
Representatives from Britain, China, Russia and France as well as the European Union...
NEW YORK (AP) — Wall Street headed for a higher open Friday after Citigroup Inc. issued a better-than-expected earnings report, offsetting disappointing results from several other big comapnies.
Futures began the day lower after Google Inc., Merrill Lynch & Co., and Microsoft Corp. had all posted quarterly results that missed analysts' expectations after the closing bell on Thursd...