Carmaker Toyota has announced its biggest recall, saying it will call in 3.8 million vehicles in the US. The problem is with loose floormats, which may cause the accelerator pedal to stick.

BEIJING (Dow Jones)--Manufacturing in China continued to expand in September, supporting a rebound of the country's economy, a gauge of nationwide manufacturing activity showed Wednesday.

The fate of CIT Group Inc. was hanging in the balance Tuesday as the large commercial lender readied a plan that would likely hand control of the company to its bondholders.

Sept. 30 (Bloomberg) -- The Federal Deposit Insurance Corp.'s plan to rebuild its reserves may cost Bank of America Corp. and three of the largest US banks more than $10 billion.

Housing prices continued to climb but consumer confidence slipped, according to two reports released Tuesday, casting mixed signals about where the economy is headed.

Sept. 30 (Bloomberg) -- Wynn Macau Ltd., the casino company led by billionaire Stephen Wynn, raised HK$12.6 billion ($1.63 billion) in a Hong Kong initial public offering, said two people familiar with the sale.

The Federal Reserve proposed rules Tuesday to end banks' ability to apply credit card payments to balances with the lowest interest rates first, implementing legislation Congress passed in May.

By Svenja O'Donnell Sept. 30 (Bloomberg) -- UK consumer confidence jumped in September by the most since 1995 as optimism about the economy's prospects rebounded, GfK NOP said.

TOKYO, Sept 30 (Reuters) - Finance Minister Hirohisa Fujii has jolted currency markets since taking on the key post in Japan's new government two weeks ago.

In its effort to muster support for sterner action against Iran, the Obama administration will have to overcome China's reluctance to punish a country that is now one of its top oil suppliers and a major beneficiary of its ...

In a rare shake-up inside one of the nation's strongest banks, JP Morgan Chase & Co. changed the management of its investment bank, pushing out a longtime executive and igniting a contest to eventually succeed James ...

Two major retailers are launching aggressive holiday toy campaigns as the industry gears up for the crucial shopping season. Wal-Mart is expected to announce Wednesday that it will offer about 100 toys for $10 or less, expanding on a ...

No state's economy, with the exception of Michigan, has careened into a deeper ditch than California in this recession. The state now has the fourth-highest unemployment rate (12.2%), the third-highest rate of mortgage foreclosures, and for two years ...

Microsoft Corp. (MSFT) cut into the annual pay and awards for its top executives in fiscal 2009, a year in which the software giant saw its first-ever decline in annual revenue due to the swooning economy.

Sept. 30 (Bloomberg) -- The US Securities and Exchange Commission, which was faulted for missing Bernard Madoff's fraud, is unwise when choosing cases and rewards “quantity” rather than “quality,” according to its own investigators.

Sept. 30 (Bloomberg) -- Hartford Financial Services Group Inc. hired Bank of America Corp.'s Liam McGee as chief executive officer to rebuild the 199-year-old insurer that was pushed into a government bailout by bad stock and bond bets.

Sept. 30 (Bloomberg) -- Gold is set for the biggest monthly gain since May as the dollar declined, helping to bolster demand for the precious metal as an alternative investment.

Improved housing report and weaker consumer confidence index raise more questions about the strength of a recovery on anniversary of the Dow's biggest one-day point loss ever.