By TOM KRISHERAP Auto Writer
DETROIT (AP) - Ford has scheduled a conference call for Thursday morning and may announce a succession plan for CEO Alan Mulally.
The automaker's board has been discussing what to do when the 67-year-old Mulally decides to retire.
Many in the company expect
By LINDA A. JOHNSONAP Business Writer
TRENTON, N.J. (AP) - Drug giant Pfizer Inc. said Thursday that its third-quarter profit fell 14 percent as sales plunged, mainly due to increased U.S. generic competition to cholesterol fighter Lipitor, long the world's top-selling drug.
By BRUCE SCHREINER and DYLAN LOVANAssociated Press
LOUISVILLE, Ky. (AP) - The blaze that authorities initially said would end in a couple of hours instead spewed flames and smoke from a derailed tanker car for a second day Thursday with no end in sight, as crews scrambled to prevent it from
By GEOFF MULVIHILL and MARYCLAIRE DALEAssociated Press
LONG BEACH TOWNSHIP, N.J. (AP) - In its tear of destruction, the megastorm Sandy left parts of New Jersey's beloved shore in tatters, sweeping away beaches, homes, boardwalks and amusement parks.
The devastation left the state a blank
By ERIKA KINETZAP Business Writer
MUMBAI, India (AP) - India's Wipro will separate its core information technology business from its consumer care and lighting, infrastructure engineering and medical diagnostics businesses, the company said Thursday.
The announcement sent the stock as much
By SANDY SHOREAP Business Writer
The price of oil is rising as operations at refineries and supply terminals in the Northeast remain restricted three days after Superstorm Sandy.
Benchmark oil gained 60 cents Thursday to $86.84 per barrel in New York.
Power outages are hampering refineries,
By DENISE LAVOIEAP Legal Affairs Writer
BOSTON (AP) - A lawyer for mobster James "Whitey" Bulger asked a judge Thursday to delay his trial by eight months, while a prosecutor argued that Bulger has already received "a 16-year continuance" by fleeing Boston and staying on the run all those years
By YURI KAGEYAMAAP Business Writer
TOKYO (AP) - Sony Corp. reported Thursday a smaller flow of red ink for the fiscal second quarter on a sales recovery and restructuring efforts and stuck to its full year forecast for a return to profit from its worst loss in company history the previous year
By PAN PYLASAP Business Writer
LONDON (AP) - Chinese shares led global markets higher on Thursday after surveys showed the country's manufacturing sector is improving and ahead a raft of U.S. jobs data that could affect to race to the White House.
Investors were breathing a sigh of relief
By JOE McDONALDAP Business Writer
BEIJING (AP) - China's manufacturing improved in October, adding to signs the world's second-largest economy might be recovering from its deepest slump since the 2008 global crisis, two business surveys showed Thursday.
The state-sanctioned China