CALIFORNIA

About one in eight U.S. homeowners with mortgages, a record share, ended 2008 behind on their loan payments or in the foreclosure process as job losses intensified a housing crisis spawned by lax lending practices, the Mortgage Bankers Association said on Thursday.

U.S. business productivity fell in the fourth quarter as output plunged at its fastest pace since 1982, while one in eight U.S. households ended 2008 behind on its mortgage or in foreclosure, according to data on Thursday that underscored the economy's weakness.

Ford Motor Co expects electric vehicles will represent a major portion of its lineup a decade from now as the automaker breaks away from a recent reliance on pickup trucks and SUVs, Chief Executive Alan Mulally said on Wednesday.

Google Inc plans to let its cash pile up as it weathers an economic recession but doesn't expect to see a fall in revenue, the Web search leader's Chief Executive Eric Schmidt said on Wednesday.

Google Inc CEO Eric Schmidt said the economic storm will affect all forms of advertising, including the online ads that Google depends on, but said that he doesn't expect Google to experience a decline in revenue.

WASHINGTON/NEW YORK - The Obama administration on Wednesday launched a $75 billion foreclosure relief plan, as new data showed one in five U.S. homeowners with mortgages owe more than their house is worth.

thing can make a traveler feel more clueless than mispronouncing the name of a local destination, but it's easily done.

Stocks rose on Wednesday as investors jumped back into the market following a five-day sell-off that drove Wall Street to 12-year lows, while soaring prices of oil and other commodities lifted energy and natural resource shares.

One in five U.S. homeowners with mortgages owe more to their lenders than their homes are worth, and the rate will increase as housing prices drop in states that have so far avoided the worst of the crisis, a new study shows.

California surgeon Calvin Lee has barely picked up his violin for 15 years but on Monday he was named a member of the first YouTube Symphony Orchestra and next month he plays at Carnegie Hall with the group.

Tom Skidmore has been out of work only since December. But when his former employer filed bankruptcy in January and his severance evaporated, Skidmore knew he didn't have much time. As the sole breadwinner for his family of five, he had to find work fast.

On Monday, California Governor Arnold Schwarzenegger together with Chancellor Angela Merkel opened the major technology fair in Germany.

A Belgian court fined Internet search engine Yahoo €55,000 ($69,300) on Monday for failing to hand over personal account information of users suspected of committing fraud online.

In spite a rocky year for Apple following CEO Steve Jobs struggling health, the company has once again been named the World's Most Admired Company by Fortune for a second year in a row.

American International Group Inc posted a record $61.7 billion quarterly loss on Monday and got a new but not necessarily final government bailout, after officials concluded again that letting the insurer fail would threaten the world financial system.

For some of us, the iPhone will always be a slightly scary emblem of the brave new world: an impossibly sleek device that allows you to make a call, hear a song, learn a language and find your way home.

America's largest automaker has been left dependent on the kindness of strangers -- its fate in the hands of bureaucrats as much as car buyers.

Europe's biggest technology fair CeBit aims to entice cash-conscious business customers with software aimed at coping with the recession while itself continuing to experience a hemorrhage of trade-exhibitors.

Intel and TSMC to unveil a strategic tie-up on March 2, driving the world's largest chip maker might begin to outsource crucial manufacturing.

California Governor Arnold Schwarzenegger on Friday declared a state emergency due to drought and said he would consider mandatory water rationing in the face of nearly $3 billion in economic losses from below-normal rainfall this year.

American International Group's mounting losses threaten to deepen another vexing problem for the giant insurer -- how to stem an increasing customer exodus.