A New York State Commission has recommended the privatization of the Long Island Power Authority (LIPA), the electricity provider for Long Island and the Rockways that was slow to restore power to the customers following Superstorm Sandy in October.
Samsung Electronics estimated Friday morning that it earned a quarterly profit of $8.3 billion, as it sold close to 500 smartphone handsets per minute.
Airlines post strong growth in traffic and passenger revenue for December thanks to factors that are expected to boost 2013 results.
The stars in the automobile-rental market have all embraced Zipcar’s business model. But can anyone make a profit?
Subaru is recalling as many as 634,000 vehicles in the United States for potential lighting problems that could lead to smoke or fire
The fourth-quarter earnings season is right around the corner. Here's your handy clip-and-save earnings watchlist for this week.
Rig contractor Transocean Ltd agreed Thursday to pay $1.4 billion to settle charges over BP Plc's Gulf of Mexico oil spill, admitting that its crew on the Deepwater Horizon was partly responsible.
Automakers ended 2012 on a high note as Americans kicked tires and drove more new vehicles off the lots last month than they had in years.
Ford sold 214,222 vehicles last month, its best December since 2006. Size mattered; smaller sedans fueled most of the growth.
Chrysler said it had its best December in five years and moved 1.65 million units in 2012, a 21 percent rise compared with the previous year.
London-based Unilever PLC is selling its Skippy peanut butter business to Hormel Foods Corp. for $700 million.
The Airbus A320 is selling the fastest, but the Boeing 737 is still the world's best-seller. Here are some rivalry statistics.
European factories churned out over 1 million more cars than China in 2012, but they're likely to lose the lead this year.
Revenue from digital sales reached a new record in the U.K. in 2012, according to a report from the country's Entertainment Retailers Association.
U.S. carmakers met analyst expectations Thursday for December sales. Easier financing and recovering U.S. home prices released pent-up demand.
A consortium led by POSCO and China Steel Corp. is acquiring a 15 percent stake in ArcelorMittal Mines Canada Inc.
AAA is offering its annual service for New Year's Eve 2013, Tipsy Tow, which provides motorists a free ride home.
It's almost 2013 and many stores are having New Year's Day sales in stores and online.
A list of popular retail stores and chains that will be open with holiday hours on New Year's Day 2013.
Kingfisher Airlines’ flying license is expiring Monday as the airline has failed to submit a satisfactory revival plan.
BART, TriMet and Broadway Shuttle will run extended services to enable the New Year partygoers to return home safely.
The U.S. Navy awarded submarine contracts worth up to $4.5 billion to General Dynamics Corporation (NYSE: GD) and Huntington Ingalls Industries Inc (NYSE: HII).
An imminent dockworkers' strike of East and Gulf coast ports has been delayed for 30 days. The two sides resolved their most contentious issue.
Ratan Tata, who transformed Tata Group into a $100-billion worth global business group, is stepping down as its chairman.
An old-fashioned Minnesota soda fountain was threatened with a $500 fine if it doesn’t stop selling candy cigarettes.
U.S. port operators and maritime shipping companies are bracing for a longshoremen's strike of facilities from Massachusetts to Texas.
Single-family home sales climb 4.4 percent in November, highest rate in two and a half years.
Sales of electronics, clothing, jewelry and home goods in the two months to Christmas increased by a tad 0.7 percent.
Toyota Motor Corp. has agreed to pay up to $1.4 billion to settle U.S. lawsuits for sudden acceleration, according to court filings made public Wednesday.
Home prices in the U.S. rose more than expected in the first 10 months of this year.
