Business News

Business Russian biz execs fear lasting damage from plane crash Russian biz execs fear lasting damage from plane crash
Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the crash of the Malaysian jetliner will bring about an international isolation that will cause serious and lasting economic damage.
Business UK economy grows to surpass pre-crisis peak UK economy grows to surpass pre-crisis peak
Britain's economy has grown to surpass the peak it reached in 2008, before the global banking crisis caused a deep recession, official figures showed Friday.
Business Amazon shares fall on 2Q loss Amazon shares fall on 2Q loss
Shares of Amazon.com Inc. fell Thursday after the e-commerce retailer reported a larger than expected second quarter loss as expenses outpaced a surge in revenue.
Business Cal State University lowers enrollment growth Cal State University lowers enrollment growth (Video)
Enrollment growth at California State University will be cut by half this fall — from 20,000 to about 10,000 additional students — after state funding fell short of expectations, according to a report.
Business GM's 2nd quarter profit falls 85 percent on recall costs GM's 2nd quarter profit falls 85 percent on recall costs
Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes.
Business Wal-Mart names new CEO of U.S. discount division Wal-Mart names new CEO of U.S. discount division
Wal-Mart is replacing the chief of its U.S. discount stores in what could be an indication that it's losing confidence that its largest business unit will rebound after more than a year of disappointing results.