In an Oct. 18 story about Warren Buffet confirming sales of shares in PetroChina Co., The Associated Press misstated the 2003 stock price when Buffett's company, Berkshire Hathaway Inc., invested $488 million. The shares traded at $20 to $57 in 2003, not at $140.78, the price in late 2006.
The fate of a tentative labor agreement at Chrysler LLC remained uncertain after two large United Auto Workers local unions representing about 4,500 of the union's 45,000 members at the automaker split over the deal.
The global economy faces a period of uncertainty, with risks to continued growth much higher than they were six months ago, the head of the International Monetary Fund said Monday.
Wal-Mart Stores Inc. may talk about ideas for new, smaller stores as a way to bolster its flagging U.S. growth when it holds an annual two-day conference for investors and financial analysts starting Tuesday at its headquarters in Bentonville, Arkansas.
Gold opened higher in Hong Kong Monday at US$759.85 an ounce, down US$2.30 an ounce from Thursday's close of US$757.55. Hong Kong's gold market was closed Friday for a public holiday.
Oil prices dropped in Asian trading Monday, extending a retreat from last week's record above US$90 a barrel as investors sold to lock in profits before the contract expires later in the day.
Wal-Mart Stores Inc. said Monday it will take full ownership of its money-losing Japanese subsidiary, Seiyu Ltd., as the U.S. retailer struggles to speed up management changes and reverse its slumping business in the world's second largest economy.
Toyota said Monday it sold 2.34 million vehicles globally in the July-September quarter, fewer than General Motors'tally, as its U.S. rival regained the lead in the race to be the world's top automaker.
