BUSINESS

Honda Motor Company Ltd. (NYSE: HMC) is voluntarily recalling 52,615 model year 2007 to 2008 Acura TL sedans in the U.S. to replace the power steering hose, the company announced Thursday.

A Honda recall was announced Thursday. This article will let you know if your car is one of those affected under the recall.

The world's 29 largest banks will need an extra $566 billion to comply with Basel III capital rules by the end of 2018, which could dampen their ability to increase dividends and buy back shares, according to Fitch Ratings.

On a percentage basis, the biggest spikes came from Greece and Spain.

New York Gov. Andrew Cuomo won a major boost this week after suburban and upstate voters approved 99 percent of their school budgets, most of which adhered to the Democratic governor?s new property tax cap.

One of the biggest and most anticipated IPOs of the year, quite possibly the decade, is ready to hit Wall Street tomorrow, but if you're thinking about buying shares, you're not alone. Not in the least. If you're looking to get a piece of the stock, we're here to help you. But be warned: It will not be easy.

The European Central Bank in Frankfurt said Wednesday it is temporarily cutting off liquidity to Greek banks that are inadequately capitalized, pushing the onus of emergency assistance on the Greek central bank.

Federal judge Jane Triche Milazzo has recused herself this week from the first criminal case stemming from BP's Deepwater Horizon 2010 oil spill.

French Finance Minister Pierre Moscovici said any agreement would need to include an ambitious strategy for growth.

A teenager is being held in the Dallas County Jail on robbery and other charges after he allegedly tried to rob a police officer in a police station.

Social network and scrapbook website Pinterest said it took in $50 million from Japan?s Rakuten (Tokyo: 4755) empire, which valued the four-year-old company at $1.5 billion.

Social networking site Pinterest has raised $100 million from a group of investors led by Japanese online retailing giant Rakuten Inc in a deal that reportedly values the three-year-old U.S. company at $1.5 billion.

Brazilian oil company Petrobras, which helps U.S.-based Chevron develop offshore oil fields in Brazil, said regulators there are not likely to shut down Chevron's operations in the Frade oil field in the wake of oil spills.

Mexico's drug war has left 50,000 people dead; if generals are playing both sides, who is winning?

Both Samsung Japan and NTT Docomo have confirmed that the Galaxy S3's Japanese variant, named the SC-06D, will be packing 2GB of RAM, instead of 1GB. The device will also swap the quad-core Exynos for a 1.5Ghz dual-core Snapdragon S4 processor.

General Motors Company (NYSE: GM) announced Thursday it will build its next generation Vauxhall/Open Astra cars at two factories in Ellesmere Port, UK and Gliwice, Poland, leaving the company's Bochum, Germany plant facing closure.

The crisis in Air India has entered its tenth day, with situation further worsening as government, management and the pilots union spearheading the movement blaming each other for the crisis.

Cameron?s statements came on the heels of similar warnings by Bank of England governor Sir Mervyn King that the euro zone?s failure to get a grip on the debt crisis poses the biggest threat to Britain?s economic recovery.

U.S. 30-year fixed-rate mortgages hit a new record low for the third straight week as concerns over the euro zone weighed on the economy, mortgage financier Freddie Mac said Thursday.

Shares of Agilent Technologies (NYSE: A), the No. 1 U.S. instrument maker, surged on Thursday after the company announced it?s biggest acquisition, the $2.2 billion takeover of Denmark?s Dako.

Israeli leaders Prime Minister Benjamin Netanyahu and defense minister Ehud Barak have long taken a hawkish stance against Iran.

A military court in Somaliland sentenced 17 civilians to death for attacking army officers in the capital of Hargeisa.

More Americans than expected filed for jobless benefits last week, echoing comments in the minutes of the April Federal Open Market Committee meeting that suggested policymakers feel unsure about the true state of the labor market.

The companies whose shares are moving in pre-market trade Thursday are: Millennial Media, Herbalife, Ctrip.com International, Cameco Corp, J.C. Penney, Wal-Mart Stores, Wal-Mart Stores, Limited Brands and JPMorgan Chase & Co.

International Business Machines Corp. (NYSE: IBM) announced a series of initiatives for cloud, or Internet-based computing, to lower costs as well as lure more customers.

India?s rupee recovered slightly Thursday following the rebound seen in Asian markets led by positive data from Japan and the US.

The Spanish government sold ?2.4 billion of debt on Thursday morning, with bonds due in 2015 carrying an average yield of 4.375 percent - a huge rise from an average yield of 2.89 percent in April.

Futures on major U.S. indices point to a flat opening on Thursday ahead of economic data including weekly jobless claims

Asian markets rose Thursday as the economic growth reported by Japan and possible additional monetary stimulus from Federal Reserve to spur growth of the US economy offset the increasing concern of Greece leaving the euro zone.