Business News

WASHINGTON, Dec. 12 (UPI) -- The Commerce Department reported Friday that the U.S. trade deficit expanded to $41.8 billion in October.

NEW YORK, Dec. 12 (UPI) -- General Electric agreed to a $1.9 billion leasing deal with Ikon Office Solutions that includes $1.5 billion in cash and assumption of $400 million in debt.

BANGKOK, Dec. 12 (UPI) -- Siemens unveiled its new line of cellphones in Thailand this week, one that focuses on fashion, not features.

MOSCOW, Dec. 12 (UPI) -- Yukos, the Russian oil giant, may seek $5 billion in compensation from Sibnett for halting a merger of the two companies, it was reported Friday.

CALCUTTA, India, Dec. 12 (UPI) -- Pankhabari road, the arterial road that meanders up and down the picturesque hills of Darjeeling in India, a region famous for its aromatic tea, leaves one brea

SANTA BARBARA, Calif., Dec. 12 (UPI) -- A California jury has ruled that Bertelsmann owes two former executives at least $244.3 million for their part in a joint venture with America Online.

WASHINGTON, Dec. 12 (UPI) -- Didn't get that Hokey Pokey Elmo at the mall, don't worry shop from work.

SINGAPORE, Dec. 12 (UPI) -- It was a mixed week for Asian stock markets, which mainly tracked Wall Street and American developments.

SINGAPORE, Dec. 12 (UPI) -- It was a mixed week for Asian stock markets, which mainly tracked Wall Street and American developments.

Dow cracks 10,000 ... Greenspan: China not taking away U.S. jobs ... U.S. economic recovery still patchy ... Airbus complains over Boeing state funding ... News from United Press International.

QUERETARO, Mexico, Dec. 11 (UPI) -- In the near term -- the next few years -- how the United States will overcome its huge dependence on debt (and its reliance on Asia as creditor of last resort) is less easy to see. Interesting times, as the Chinese proverb says.

WASHINGTON, Dec. 11 (UPI) -- The amount of spam, or unsolicited e-mail, will increase as much as 1,000 percent this holiday shopping season, some U.S. spam experts predict.

WASHINGTON, Dec. 11 (UPI) -- The head of the Federal Reserve said Thursday floating the yuan will not lead to more jobs in the United States.

WASHINGTON, Dec. 11 (UPI) -- Floating the Chinese currency will not lead to more U.S. jobs, nor is China's trade imbalance with the United States unacceptably skewed, Federal Reserve chairm

NEW YORK, Dec. 11 (UPI) -- The Dow Jones industrial average, boosted by consumer spending, Thursday closed above the 10,000 mark for the first time in 18 months.