TOKYO, Dec. 19 (UPI) -- Japan's Panasonic Corp. Friday offered 131 yen a share, or about $6.3 billion, for the 70.5 percent stake held by three major holders in Sanyo Electric Co.
TOKYO, Dec. 19 (UPI) -- Japan's central bank cut the key interest rate to 0.1 percent from 0.3 percent Friday to bolster the economy and arrest the yen's appreciation.
TOKYO, Dec. 18 (UPI) -- Japan, facing recession, got more gloomy news Friday when the government projected zero GDP growth next year, the first such forecast in seven years.
AUSTIN, Texas, Dec. 18 (UPI) -- Education Finance Partners Inc. has filed for Chapter 7 bankruptcy protection in Texas, four months after it stopped issuing education loans, records show.
WASHINGTON, Dec. 18 (UPI) -- New rules for U.S. credit card companies are "a dramatic improvement" on existing rules, the American Bankers Association said Thursday.
WASHINGTON, Dec. 18 (UPI) -- New rules for U.S. credit card companies are a step forward for consumers, who have lobbied hard for oversight, industry analysts say.
NEW YORK, Dec. 18 (UPI) -- Big name accounting firms, banks and hedge funds were all fooled by trader Bernard Madoff's alleged $50 billion Ponzi scheme, lists of service providers show.
DETROIT, Dec. 18 (UPI) -- The Ford Flex and the F-150 pickup truck were among the finalists for the 2009 North American Car and Truck of the Year Awards announced Thursday in Detroit.
MARANELLO, Italy, Dec. 18 (UPI) -- Italian automaker Ferrari drove a different circuit in 2008 than other car companies, claiming its best year ever in sales, earnings and profits.
CHICAGO, Dec. 18 (UPI) -- Grains closed mostly higher on the Chicago Board of Trade Thursday as oil prices fell 10 percent in New York to the lowest price since June 2004.
WASHINGTON, Dec. 18 (UPI) -- Only the former Soviet republics are rich in hydrocarbon reserves, coveted by both Russia and the West in a replay of the "Great Game." A plant indigenous to Central Asia, Camelina sativa, however, has a rich potential as a biofuel. With Western financing and expertise, the plant offers former Soviet republics, particularly Uzbekistan, an opportunity to free themselves from dependency on their Soviet-era cotton monoculture.
NEW YORK, Dec. 18 (UPI) -- Crude oil prices fell sharply on the New York Mercantile Exchange Thursday, moving lower in spite of an OPEC production cut announcement.
MEMPHIS, Dec. 18 (UPI) -- U.S. shipping giant FedEx said it would cut pay for 36,000 salaried workers by 5 percent next year in an effort to save $800 million through June 2010.
WASHINGTON, Dec. 18 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages fell for the seventh straight week, the Federal Home Loan Mortgage Corp. said Thursday.
U.S. markets fall Thursday ... Ex-49ers firm owes $69M, may be taken over ... Aid to autos 'very close' White House says ... Ryder scales back, quits South America ... News from United Press International.
DETROIT, Dec. 18 (UPI) -- U.S. automaker General Motors Corp. denied reports that it had reopened merger talks with Chrysler LLC, while Chrysler refused to confirm the story.
SAN DIEGO, Dec. 18 (UPI) -- Two ex-officers of former software firm Peregrine Systems Inc. have received federal prison sentences and await orders of restitution, a U.S. attorney said.
SANTA CLARA, Calif., Dec. 18 (UPI) -- A private-equity firm run by former San Francisco 49ers football stars may be taken over by a bank to which it owes $69 million, the bank said.
MIAMI, Dec. 18 (UPI) -- U.S. trucking company Ryder System said it would eliminate 700 jobs and furlough 1,300 workers as part of an adjustment to the economic downturn.
ROSSLYN, Va., Dec. 18 (UPI) -- The U.S. Coast Guard has contracted Lockheed Martin for the delivery of Ocean Sentry turboprop aircraft with the company's Mission System Pallets technologies.
Fans react and hold up signs as floats carrying the New York Giants rides down the Canyon of Heroes for the Giants victory ticker tape parade 2 days after the New York Giants defeated the New England Patriots in Super Bowl XLVI in New York City on February 7, 2012 . UPI /John Angelillo
