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Consumer confidence down in December: IBD/TIPP Index

The IBD/TIPP Economic Optimism Index fell during December from the previous month, a report said.

Plenty of praise in the U.S. for South Korean FTA

Kirk, President Obama's U.S. trade representative nominee, testifies during his confirmation hearing before U.S. Senate Finance Committee on Capitol Hill in Washington

Plenty of U.S. organizations are praising the newly-negotiated U.S.-Korea Free Trade Agreement, which is awaiting approval from lawmakers of both countries.

Greenhouse Gas Worse Than CO2 Discovered

Yearly global emissions of anaesthetic agents can be compared with that of carbon dioxide emissions from one million cars or one coal-fired power plant, says a study.

Flags wave in front of the General Motors Corp world headquarters in downtown in Detroit, May 28, 2009.

General Motors US auto sales up 11.4 pct in Nov

General Motors on Wednesday said its US auto sales in November rose 11.4 percent over last year led by a balanced contributions from Chevrolet, Buick, GMC and Cadillac cars, crossovers and trucks.

More news

A turkey looks around its enclosure at Seven Acres Farm in North Reading, Massachusetts, November 24, 2010, one day before the Thanksgiving holiday in the U.S.

The bird is in the house

That homegrown American genius and Founding Father Benjamin Franklin was of the opinion that the national bird should be the turkey. The other Founding Fathers overruled him, obviously. Nonetheless, the turkey has in a way become the nation’s bird – the one most Americans want perfectly cooked and centerpiecing their tables for the two biggest feasts of the year.

People fill up job application forms at a job fair in Los Angeles, California, October 13, 2010.

US weekly jobless claims fall

Initial jobless claims were better-than-expected for the week ended Nov. 20, hitting levels that had not been seen since July 2008, the Labor Department said in a report.

Traders work on the floor of the New York Stock Exchange

US futures edge higher, economic data eyed

Futures on major U.S. stock indices point to a higher opening on Wednesday ahead of a wave of economic data including durable goods orders and new home sales.

US Dollar broadly down in Asia after Tuesday’s Korea-driven rally; steady vs yen

The US dollar slipped in Asian trade on Wednesday, moving off multi-week highs against euro, pound, Aussie and New Zealand dollar, after rising sharply in the previous session which saw an unexpected Korean crisis providing the greenback with safe-haven interests.

United Continental poaches on Sara Lee's top legal counsel

United Continental Holdings Inc. has poached on Sara Lee Corporation's top lawyer Brett J. Hart, who will leave the global consumer-goods company to take charge of the legal affairs of the world's largest air carrier.

Who'll spend more this Black Friday?

The need to buy gifts may overwhelm the influence of purchase pain on spending decisions.

Ford to invest $400 mln in Kansas plant, create 3,750 jobs

Former Ford Motor engineer pleads guilty to stealing trade secrets

A former Ford Motor Company product engineer, who has pleaded guilty to two counts of stealing trade secrets in a federal court, is likely to face six years prison term.

Michigan University forecasts sluggish economic recovery

The University of Michigan forecasts the U.S. economic recovery to be sluggish in the near term due to the weak jobs market, deleveraging, belt-tightening within state and local governments, and the still-felt impact of the housing collapse.

Ford leads Canadian auto sales higher, Toyota lags

Ford Motor engineer pleads guilty on theft of trade secrets

Ford Motor co engineer Xiang Dong Yu, 49, of Beijing, China, pleaded guilty today in federal court to two counts of theft of trade secrets.

The entrance to an unfinished phase in the Bent Creek development by Lennar in Ft. Pierce, Florida

Homebuilder confidence improved slightly in November

Builder confidence in the market for newly built, single-family homes improved a tad in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

Interest in electric cars is growing, but practical concerns remain: survey

Ford's electric car Focus to be sold in 19 cities next year

Ford Motors has announced the list of cities, which shall receive the first all-electric passenger car Focus Electric, which debuts in late 2011.

Ten best cities for electric cars in United States

Plenty of research - from sources like GE and Deloitte, to name a few - has shown that range anxiety, or the fear of running out of battery charge in the middle of the road, is one of the biggest factors scaring consumers away from electric vehicles (EVs).

US consumer sentiment rises in November: survey

U.S. consumer sentiment rose more than expected in November, boosted by stronger holiday sales, according to the Thomson Reuters/University of Michigan survey.

Employer wellness programs could benefit families

Employers are in a potentially powerful position to help employees and their families make healthier choices, hints a new study conducted by the IBM Corporation.

Republicans block ending offshore jobs tax breaks

Senate Republicans blocked a Democratic bill on Tuesday to end tax deductions enjoyed by companies that close their U.S. plants and move overseas.

Confidence lowest since February

Consumer confidence fell to its lowest level since February in September, underscoring lingering worries about the stremgth of the economic recovery, while home prices dipped in July.

Treasury may be only seller in GM IPO: sources

The United Auto Workers health care trust and the governments of Canada and Ontario may not participate in General Motors Co's upcoming IPO in order to avoid taking a cut on the price of their shares

Abbott identifies recalled baby formula lots

Abbott Laboratories posted a list of lot numbers on Thursday for the millions of recalled containers of its Similac powdered infant formulas and expanded Internet and call center capacity to handle a deluge of requests for information from concerned parents.

UAW chief to meet Fiat CEO and Italian suppliers

Senior officials from the United Auto Workers union will travel to Italy next week for a meeting with Fiat SpA (FIA.MI) Chief Executive Sergio Marchionne and a pitch to bring jobs to the United States for its suppliers.

More doctors moving to e-prescriptions

U.S. doctors increasingly are ditching pen and paper and sending prescriptions to pharmacies electronically, lured by up to $27 billion in government funds aimed at speeding the switch to electronic medical records.

US home foreclosures on all-time high

According to a recent realty report by Reuters, an unbelievable number of US homeowners lost their homes to banks. RealtyTrac, a real estate data company sees a record 1.2 million repossessions this year, up from just fewer than 1 million last year, with more than 3.2 million US homes in some stage of foreclosure.

Special Report: Blue-collar, unemployed and seeing red

Scott Stevenson was only 10 years old when he first heard grown-ups voice the gloomy words that, in retrospect, predicted the disappointing arc his life has taken.