Business

Defaults climb, shares slide for IndyMac, Downey and FirstFed.

The American businessman has been jailed in Shanghai since 1998.

With costs as high as an elephant's eye, some growers are even cutting back on crops that are in short supply.

A pilot project involving 10 factories that make products for the firms tests a new approach for dealing with low wages and long work hours.

Monday's final results showed that the Wachowski brothers' "Speed Racer" actually finished the weekend No. 3.

The company is to pay $650 million for the Long Island newspaper.

The tentative pact would help bridge a wage gap among L.A. County custodians.

The acquisition would lift revenue and help it weather slowdowns in sales of computers and printers.

Dow climbs 130 points as investors' inflation worries are eased. HSBC delivers some welcome earnings news.

The media firm and its prospective buyers dispute banks' terms.

The bus company, which touted $1 fares, will stop taking bookings on several routes and expects to decide by Friday whether to pull out of the city.

Falling house prices account for much of the builder's losses and will continue to dog the company for the rest of the year, its CEO says.

Maurice "Hank" Greenberg, former chief executive of American International Group Inc., has said the insurer is in crisis and urged a delay in its annual general meeting scheduled for Wednesday, according to a letter he sent to the board.

The effort to make it easier for Web surfers to connect with their friends is attracting a crowd.

The new handset, which has quicker Web browsing and more room for music and videos, aims to compete with a faster iPhone expected soon.