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China's BYD Aims to Double Car Sales

China's BYD Co. aims to double sales of automobiles next year, its chairman said Monday, defying a deepening slowdown of the country's once-burgeon[...] read more »
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MONEY MARKETS-Rates ease ahead of Fed as more gvt measures eyed

Interbank lending rates mostly fell again on Monday as investors waited on an expected interest rate cut from the U.S. Federal Reserve this week and [...] read more »
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Oil Rises to $50 as OPEC’s El-Badri Says Sizable Cut Is Needed

Crude oil rose, touching $50 in New York, after OPEC’s Secretary-General Abdalla El-Badri said the group needs to make a “sizable” production cut at [...] read more »
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Madoff’s ‘Lie’ Ensnares Victims From Paris to Tokyo

Bernard Madoff’s scam that allegedly cost investors $50 billion ensnared firms stretching from London to Paris to Tokyo. read more »
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Madoff Victims’ ‘Tragedy’ Said to Have Escaped Scrutiny by SEC

Bernard Madoff’s investment advisory business, alleged to be a Ponzi scheme that cost investors $50 billion, was never inspected by U.S. regulators a[...] read more »
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GM, Chrysler Bankruptcies Would Hit Confidence, Deepen Slump

A bankruptcy filing by General Motors Corp. or Chrysler LLC would worsen the longest recession since the early 1980s if it led to a shutdown at the c[...] read more »
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Farm Offers Four Types of Christmas Trees And Many Varieties of Happy Memories

Frans J. Kok runs the Middleburg Christmas Tree Farm on Unison Road in Round Hill with his wife, Mary Shirley. The couple purchased the 125-acre farm[...] read more »
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Iran says to propose OPEC oil cut of 1.5-2 mln bpd

Iran will propose that OPEC cuts oil output by between 1.5 million and 2 million barrels per day (bpd) when the group meets in Algeria on Dec. 17, Ir[...] read more »
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Even Workers Surprised by Success of Factory Sit-In

The word came just after lunch on Dec. 2 in the cafeteria of Republic Windows and Doors. A company official told assembled workers that their plant o[...] read more »
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Dollar mixed against rivals

The U.S. dollar was mixed Friday, after tumbling to a 13-year low versus the yen, as the U.S. government scrambled to salvage a bailout deal for the [...] read more »
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Honda Scales Back Production in North America

Honda Motor said that it would further cut vehicle production in North America as it adjusted to plunging auto demand but would not lay off workers a[...] read more »
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Ecuador: President Orders Debt Default

President Rafael Correa has declared his country in default on foreign debt as his government grapples with falling oil income and a decline in remit[...] read more »
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California Adopts a Plan on Emissions

California regulators on Thursday adopted the country’s first comprehensive plan for curbing emissions of heat-trapping gases. The plan establishes t[...] read more »
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Prominent Trader Accused of Defrauding Clients

On Wall Street, his name is legendary. With money he had made as a lifeguard on the beaches of Long Island, he built a trading powerhouse that had pr[...] read more »
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Merrill’s Asia-Pacific President Brand Said to Leave

Jason Brand, president of Merrill Lynch & Co.’s Asia-Pacific operations, is leaving the firm, two people familiar with the matter said. read more »
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