Business

Torrance, Calif. -- Toyota Motor Sales USA Inc. Tuesday said it has instructed dealers to suspend sales of eight of its models involved in a safety recall announced last week.

Detroit, MI, January 26 -- The Obama administration cherry picked him and placed him at the helm of new General Motors (GM) that had just emerged from bankruptcy.

Beijing, January 25 -- Hong Kong and Chinese stocks plummeted Monday after Bank of China’s decision to sell a $5.9 billion convertible bonds to raise additional capital.

Berne, Switzerland, January 24 -- The see-saw battle between Swiss bank UBS (UBS.N) and the tax authorities in the United States that was finally resolved in the court has taken another twist.

New York, January 24 -- Google Inc.'s co-founders Larry Page and Sergey Brin announced plans of selling 5 million shares of the search engine as part of a five-year stock trading plan.

New York, January 24 -- It might be the end of America’s known mortgage houses Fannie Mae and Freddie Mac. Barney Frank, chairman of the House Financial Services Committee (House Banking Committee), said Friday that the two finance giants are likely be replaced with a new system for housing finance.

Dallas -- The country's largest dairy products distribution company says it will contest antitrust action filed against it by the U.S. Department of Justice.

New York, January 23 -- Five U.S. banks were seized by regulators on Friday, totaling the year’s failure to nine.

Chicago -- Oats bucked a negative trend on the Chicago Board of Trade Friday, as corn, beans and wheat suffered pressure from fund trading.