Angelo Young

Australia will hold 5 percent of its foreign reserves in yuan, becoming the third country to establish direct currency trade with China.

The Troubled Asset Relief Program’s special inspector general warned that taxpayers are still on the hook for giant bank collapses.

Someone with a surname Liu reportedly paid $6.5 million for a Bugatti sports coupe at the Shanghai auto show.

Boeing 787 batteries are getting 12 modifications, including one that takes five days per unit to fix.

China's real estate market is probably overheating, but Chinese buyers generally pay cash and defaults are still rare.

Neighbor caught vehicle approaching on personal security camera. Several people in surrounding residences were injured.

American and Chinese car buyers are helping Ford partially offset losses in Europe, Latin America and India.

Despite government efforts to get Chinese to drive alternative-fuel cars, the Chinese are embracing the biggest cars they can afford.

The federal government will soon consider “intangible assets” like creative royalties and research costs part of the country’s economic output.

Samsung has been the most generous so far, followed by Apple; both have faced criticisms for labor practices of their suppliers.

Seattle area police responded to gunfire reports at an apartment complex. A man was fatally shot after reaching for his gun, cops say.

“No financial institution, regardless of its size, will be bailed out by taxpayers again,” U.S. Treasury’s Mary Miller says.

JC Penney goes on a cash hunt. Meanwhile, two top executives bail, and a court rules in its favor against Macy’s.

Death toll from latest iteration of the avian flu virus that first emerged March 31 is 17.

The Boeing 787 Dreamliner could be back in the air soon, but exactly when has yet to be announced.

GM aims high with its new Cadillac sedan and SUV.

Americans with student-loan debt used to be more likely to own their homes by age 30 than others. Not any more.

China forbids its media from using unauthorized sources, including online content.

The consumer credit watchdog says it needs data on American credit habits. Bankers are scoffing.

China’s control over the value of its currency could soon be a little less strict, according to a top central bank official.

April marks the ramp-up of proxy season, when corporate top brass face-off with shareholders trying to instill changes.

March sales of cars in Europe fell more than 10 percent with most major automakers seeing double-digit declines.

Michael Pickens accuses his family of ugly behavior and lands himself a cyberbullying suit filed by daddy T Boone and three siblings.

Maker of Mercedes Benz is ending its relationship with the company that makes Airbus planes.

People who use their bicycles to get to and from work might also consider Minneapolis or Albuquerque.

The latest in the fraud probe of Banca Monte dei Paschi di Siena: Italy turns the screws on Sadeq Sayeed and Raffaele Ricci.

Pakistan media: 21 dead, 50 injured in Pakistan. Iran denies reports of quake-related deaths on its side.

The $33 billion deal would make Glencore the world’s fourth-largest mining company. China had raised concerns over that.

Taxpayer ombuds(wo)man outlines the biggest problems facing tax policy today, and where tax cheats tend to lurk.