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Business News
Tesco chair resigns after accounting scandal
LONDON (AP) -- The chairman of Tesco, the world's second-biggest retailer behind Walmart, has resigned amid an accounting scandal in which the company admitted it had overstated its profits....
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Hyundai Motor's 3Q profit falls 28 percent
SEOUL, South Korea (AP) -- Hyundai Motor Co. said Thursday its profit sank nearly 30 percent for the July-September quarter, hurt by a stronger South Korean currency and weak sales growth in its home market....
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Spanish jobless figure drops as economy picks up
MADRID (AP) -- Spain's unemployment rate dropped to 23.7 percent in the third quarter from 24.5 percent in the previous three-month period, the latest sign of the economy's recovery....
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How the Dow Jones industrial average did Wednesday
Stocks fell broadly on Wednesday, snapping a four-day winning streak for the Standard & Poor's 500 index, as investors shaken by recent swings in the market sold some of their holdings. A drop in the price of oil dragged down energy stocks. Small-company stocks also fell as traders unloaded riskier assets....
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FedEx, UPS make plans for a better holiday season
DALLAS (AP) -- Facing an even bigger mountain of packages this holiday season, FedEx and UPS are hiring more workers to avoid the delays that frustrated shoppers and gift-recipients a year ago....
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