Puerto rico

American Announces Route Cuts

American Airlines parent AMR Corp. said Tuesday it will start with discontinuing some long-haul service, including Chicago flights to Honolulu and Buenos Aires in response to skyrocketing fuel prices and softening economy.

Toyota Recalls Over Million Cars in US, Japan

Toyota Motor Corp said Wednesday it will recall about 539,500 Corolla and Matrix vehicles sold in the U.S. from defects in window glass, while nearly 630,000 minivans will be recalled in Japan.

Subtropical Storm Olga Floods Caribbean

Puerto Rico was hit with heavy rains, flash flooding and mudslides triggered by subtropical Storm Olga on Tuesday, as forecasters predict further rains in Hispaniola.

Capital One slashes jobs, mortgage industry swoons

The U.S. mortgage industry took another battering on Monday, as Capital One Financial Corp said it will shut a lending unit it bought less than a year ago, while two mortgage companies took steps to bolster liquidity as losses piled up.

Luminent, Thornburg take liquidity steps

Struggling mortgage investor Luminent Mortgage Capital Inc and home loan lender Thornburg Mortgage Inc took steps to bolster liquidity on Monday, but the companies signaled the trouble is not completely gone.

Dell Does Retail

Dell Inc.(NASDAQ: DELL) said yesterday it plans to start selling its personal computers through Wal-Mart Stores Inc.(NYSE: WMT) in North America next month, departing from the direct-to-consumer business model it was founded on.

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