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Weak yen a help for Japan, but headache elsewhere

A steady fall in the value of the yen is proving a godsend for exporters such as Toyota. The cheaper yen is making their products more affordable overseas.

Stocks edge higher as investors watch the Fed

Stocks are opening slightly higher as investors watch for the latest moves from the Federal Reserve.

US auto factories cutting back on summer downtime

The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks.

Ford to end auto production in Australia in 2016

Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales.

Tesla uses stock, note sale to repay government

Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early.

Glaxo, US partnering to develop new antibiotics

GlaxoSmithKline PLC says it's starting an unusual collaboration with the U.S. government to develop several antibiotics for both bioterrorism threats and bacterial infections resistant to current medicines.

How The AP and Equilar calculate CEO pay

For its annual survey of CEO pay, The Associated Press uses data provided by Equilar, an executive pay research firm.

Target's 1Q profit drops 29 pct on weak sales

Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for spending.

How the Dow Jones industrial average fared

Stock indexes fell on Wall Street on fear the Federal Reserve could pull back from its stimulus programs soon.

South Korea trade deal produces bleak first-year results for U.S.

More than a year after it took effect, a highly touted trade deal with South Korea has failed to produce as expected for the U.S.: Exports are down, imports are up and the trade deficit with the Asian economic powerhouse has ballooned.

Fed weighed slowing its pace of bond purchases

Several Federal Reserve policymakers this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as June - if the economy showed strong and sustained growth. But those officials appeared at odds over what evidence would demonstrate such gains.

AAA: 31.2M drivers to take Memorial Day road trip

It's going to be another busy Memorial Day weekend on the nation's highways.

IMF calls on Britain to do more for growth

The International Monetary Fund has called on Britain to do more to support the economic recovery, urging the government Wednesday to speed up investment in infrastructure and come up with a plan to privatize its bailed out banks.

A divided Fed wrestles with when to slow bond buys

The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy.

Fiat Industrial aims to shift tax home to Britain

Fiat Industrial disputed as "absolutely false" reports Wednesday that Italy would lose 500 million euros ($646 million) in tax revenues if it moves its tax base to Britain after it completes a merger with its U.S.-based subsidiary CNH Global NV.

Oil falls near $94 on small drop in supplies

The price of oil fell near $94 a barrel Wednesday as the nation's oil supply fell less than expected and demand for gasoline remained weak.

Evian giving its water bottle a makeover

Evian is giving itself a facelift to keep up with its sleek, young competitors on store shelves.

Bernanke signals Fed to maintain stimulus efforts

Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to slow its extraordinary stimulus programs.

GM recalling Cadillac SUVs to tighten wheels

General Motors Co. is recalling more than 27,000 Cadillac SUVs worldwide because the wheels can fall off.

Penney secures $2.25B loan as it seeks turnaround

J.C. Penney Co. said Wednesday it has secured a $2.25 billion loan, $500 million more than it had expected, as it tries to stop a collapse in its sales.

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