President Obama brought executives from 13 major U.S. firms to the White House Wednesday to meet with Chinese Premier Hu Jintao. The corporate leaders will surely be angling for better access to China’s markets, which could boo…
Shares rose in Asia Wednesday. In Shanghai the Composite Index climbed 1.8% to 2,758 and in Hong Kong the Hang Seng rose 1.1% to 24,420. Japan’s Nikkei 225 Index was up 0.4%, ending the day at 10,557.
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For years, policymakers have reassured the public that Social Security will be solvent for decades. But outlay and income data from the Treasury reveal that Social Security is already deep in the red — by $76 billion in 2010 a…
Ford will spend $400 million to upgrade its Kansas City, Mo., plant after production of the current Ford Escape compact SUV moves to another facility. It’s the fourth North American plant that Ford has overhauled or plans to as…
There’s no shortage of pundits who shot to fame on the back of a bold, contrarian call only to come up empty afterwards. Meredith Whitney and Nuriel Rubini are just two pundits who called the meltdown while most others were obl…