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Forty-two students from the Thunderbird School of Global Management were in Chile Saturday during the 8.8 magnitude earthquake that rocked the South American country.
The Glendale graduate business school said the students as well as a professor and staff member survived the quake without injury.
The students, in the capital city of Santiago for a one-week class, […]

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U.K. retail sales rose less than economics forecast in December as price increases squeezed spending during the holiday season, casting doubt on the strength of a domestic recovery.
The volume of sales rose 0.3 percent from November after dropping by the same margin the previous month, the Office for National Statistics said today in […]

Japan may ban manufacturers from hiring temporary workers, Health and Labor Minister Akira Nagatsuma said, as Prime Minister Yukio Hatoyama seeks to fulfill a campaign pledge to shift more employment to full time.
The government is preparing legislation “that will stop manufacturing firms from employing temps and encourage them to hire full-timers,” Nagatsuma said […]

Bayer CropScience LP must pay about $2 million for losses sustained by two Missouri farmers when an experimental variety of rice the company was testing cross-bred with their crops, a federal jury ruled.
Friday’s verdict in St. Louis came in the first trial in what is intended to be a series of test […]

General Motors Co posted a 2.2 percent drop in U.S. sales in November from a year earlier, weighed down by brands it plans to divest or close, and said it would raise production in North America by about 75 percent in the first quarter.
Sales totaled 151,427 vehicles in November, down from 154,877 a year […]

Retail sales fell in September after a popular program aimed at boosting auto sales ended, but the drop was smaller than economists had expected, government data showed Wednesday.
The Commerce Department said total retail sales fell 1.5% last month, down sharply from an increase of 2.7% in August, when overall sales were boosted by […]

As thousands of jobless Americans lose their weekly unemployment checks every day, Congress is still debating who should qualify for a benefits extension.
Two weeks after the House passed an extension, Senate Democrats Thursday introduced a bill to lengthen unemployment insurance by up to 14 weeks in all states. Those living in states with unemployment […]

Stocks gained Wednesday, pushing Wall Street to its highest level in a year, with a rise in industrial production and a spike in commodity prices and equities fueling the advance.
The Dow Jones industrial average (INDU) gained 108 points or 1.1%, closing at the highest point since Oct. 6, 2008. The S&P 500 (SPX) index […]

More than 1,000 emergency loans have been granted to struggling companies since the Small Business Administration launched the much-anticipated America’s Recovery Capital program in mid-June, according to a lending tally released this week. While the list confirms that the program is likely to hit its goal of making 10,000 loans by the time it […]

U.S. Treasury Secretary Timothy Geithner Friday proposed clamping down on dealers in freewheeling markets for little-understood derivatives, the complex securities that helped create a crisis in U.S. and world financial markets.
In testimony at a joint hearing by two congressional panels that will play a role in writing legislation on derivatives, Geithner set out proposals […]