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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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Transportation Secretary Ray LaHood, appearing before a Congressional panel Wednesday, defended the performance of safety regulators in dealing with problems involving Toyota cars, including unintended acceleration.
LaHood objected to a suggestion that the National Highway Traffic Safety Administration, a part of his department, has been a "lap dog" to the auto industry.
"On my watch we […]

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Crude oil advanced Wednesday, extending the previous session’s 4% gain, as investors continued their bid for riskier assets.
What prices are doing: Crude oil for March delivery rose 33 cents, or 0.4%, to settle at $77.33 a barrel Wednesday.
Oil surged 3.8% Tuesday to settle at $77.01 a barrel. Prices tracked rising stocks and were […]

Bank of Japan Deputy Governor Hirohide Yamaguchi defended the central bank’s self-imposed limit on bond purchases after a lawmaker suggested it could buy more debt to fight deflation.
“This isn’t just something we uphold to keep our backyard tidy,” Yamaguchi told parliament in Tokyo today. “Should people mistakenly start to think we are financing […]

After months of speculation and hype, Apple unveiled a portable device Wednesday called the iPad that will attempt to usher in a new era of touch-screen tablet computing, filling a gap between smart phones, laptops and eBook readers.
Apple’s CEO Steve Jobs unveiled the iPad to a rapt audience, calling it "the most […]

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 will implement rules that tighten lending restrictions for Aiful Corp. and other consumer finance companies set to take effect in June, though enforcement may be eased to aid borrowers, a government official said.
The Financial Services Agency may consider changes to rules for implementing a law that puts a ceiling on the amount […]

Almost 3 million homeowners received at least one foreclosure filing during 2009, setting a new record for the number of people falling behind on their mortgage payments.
RealtyTrac, the online marketer of foreclosed homes, reported that one in 45 households — or 2,824,674 properties nationwide — were in default last year. That’s 21% more […]

The nascent recovery in the world’s developed economies is at risk from rising joblessness, weak banks and high oil prices, said Angel Gurria, Secretary General of the Organization for Economic Cooperation and Development.
Bank lending in Europe and the U.S. is still slower than usual and economic acceleration “still seems weak, fragile,” Gurria said. […]

The United Arab Emirates offered banks emergency support on Sunday, the first steps to ease fears that a looming debt default by two of Dubai’s flagship firms could derail the global economic recovery.
But the move to inject liquidity into Dubai’s banks by the central bank of the Gulf Arab state, together with promises by […]