Amazon shutting three distribution centers

Amazon.com Inc. is closing a trio of U.S. distribution centers; it’s the first time Amazon has closed a warehouse since 2006.
Amazon said the closures in […]

It gets worse for airlines

Airlines face a global downdraft that’s far worse than the post-Sept. 11 turbulence that sent four major U.S. carriers into bankruptcy, an airline trade […]

CalPERS, CalSTRS push for shift in Brocade board

The Sacramento area’s two massive pension funds have joined forced to press San Jose-based Brocade Communications Systems Inc. to open up its board of directors […]

Colombia Bank Cuts Lending Rate to 7% to Spur Growth

Colombia’s central bank lowered its benchmark rate by a full percentage point as it seeks to revive growth in South America’s fourth-biggest economy.
Policy […]

Fiat denies plan to assume Chrysler debt

Italy’s Fiat SpA denied on Friday it would assume any current or future debt from Chrysler LLC CBS.UL, the troubled U.S. car maker with […]

Construction starts higher than expected

While the surge in construction was far better than the continued decline economists had expected, experts viewed the rebound as a temporary gain given […]

Alcoa down after cutting dividend

Shares of Alcoa Inc fell 12.1 percent to $5.38 in premarket trade on Tuesday after the aluminum company cut its quarterly dividend to 3 […]

Study: Customers embrace online banking

Almost half of those who use the Internet do their banking online, a 23 percent increase from early 2007, according to a report by HSBC […]

Madoff fraud probe focuses on insiders

NEW YORK–The day after Bernard Madoff was thrown behind bars, investigators returned yesterday to the arduous task of piecing together one of the largest […]

Dow records first back-to-back gain since early February

NEW YORK — Stocks ended with only modest gains Wednesday but the Dow Jones industrial average still recorded its first two-day climb since early […]