Latest Business Wires

As Republican presidential candidates toss barbs at Barack Obama over expensive gasoline, the U.S. president and his team are going on the offensive with a strategy to divert blame and prepare voters for higher costs.

Chinese basketball icon Yao Ming has been taken aback by Jeremy Lin's rise at the New York Knicks and thinks his style and size could make China's state sports system rethink how it selects and grooms its athletes.

Years of economic setbacks have taken their toll on the nation's youngest residents, with another 1.6 million children living in high-poverty neighborhoods, according to one study that shows nearly 8 million children residing in poor areas in 2010.

Could history repeat itself? That is a question uppermost in the minds of many Americans as they warily watch gasoline prices at the pump rise week after week.

The Obama administration is calling for stronger privacy protections for consumers as mobile gadgets, Internet services and other tools are able to do a better job of tracking what you do and where you go.

Oil slid from a nine-month high to below $106 a barrel Thursday in Asia after a report showed U.S. crude supplies grew more than expected last week, suggesting demand remains sluggish.

Basketball legend Michael Jordan has filed a lawsuit in China against a Chinese sportswear company, accusing the firm of unauthorized use of his name.

South Korea's top Internet provider, KT Corp plans to charge data-heavy content providers such as Google's Youtube and Internet-enabled TV service operators to subsidize costly network upgrades, a KT executive said on Thursday.

Mazda stock dived nearly 7 percent Thursday after the struggling car maker said it will raise about $2 billion from selling new shares to invest in assembly plants and developing new vehicle technologies.

Habitat for Humanity Detroit launched a three-year, $25 million initiative Wednesday to engage Detroit's corporate leaders in revitalizing the city.

SAN FRANCISCO (Reuters) - Hewlett-Packard Co's earnings fell nearly 44 percent and the world's No. 1 computer maker forecast a second-quarter profit below Wall Street estimates as it struggles with weak sales of PCs and printers.

WASHINGTON (Reuters) - The United States said on Wednesday it was still considering whether to support Japan's bid to join talks on a trans-Pacific regional free trade agreement, three months after Tokyo announced interest in the negotiations.

In a conference call with reporters to discuss Hewlett-Packard Co.'s fiscal first-quarter earnings, CEO Meg Whitman discussed the need to reduce costs and improve efficiency as part of the company's turnaround.

President Barack Obama signed the payroll tax cut extension into law Wednesday, notching an election-year victory and rare bipartisan agreement in the continuing partisan battle over jobs, taxes and debt.

Nearly 1,200 people lined up at a downtown Miami conference center on Wednesday, holding onto mortgage documents and income statements in the hope of saving the homes they are struggling to pay for.

Billy Wright plunked down dime after dime for comic books while growing up in the late 1930s and early 1940s, caring for the collection he started around the age of 9 until his death more than half a century later. On Wednesday, most of that collection sold for a whopping $3.5 million.

Here's a look at how some companies that had initial public offerings of stock this year are faring. The companies are all loosely Internet-related, though their businesses vary widely.