NEW YORK (AP) — Few companies were clobbered harder than Starbucks in the recession. The coffee chain with outposts on every corner came to represent all that was wrong with American businesses and shoppers: unchecked expansion, self-indulgence and mindless credit-card swiping. But now customers who swore off frivolous spending during the recession are lining up again for their $4 caffeine fix.
SAN FRANCISCO (AP) — The head of Google's Android mobile operating software says the search company "bit off a little more than we could chew" with the sale of the Nexus One, a smart phone Google began selling online early this year but then stopped offering after similar devices powered by Android hit the market.
LOUISVILLE, Kentucky (AP) — American families are ready to hitch up their trailers and tow the RV industry out of its worst stretch in nearly two decades. The industry was driven into the ditch last year by the Great Recession. Sales plunged, plants closed and thousands of jobs were cut as orders for recreational vehicles dropped to their worse level since 1991.
Sterling Heights, Mich. — Chrysler Group LLC celebrated the extension of production, the addition of a second shift and an $850 million investment at an event today at its Sterling Heights (Mich.) Assembly Plant. The celebration also marked the start of production of the all-new 2011 Chrysler 200 and Dodge Avenger.
CHICAGO (AP) — Boeing Co. puts a three-week hold on assembling new 787s. Boeing said on Monday that the hold began late last month. It says it is not asking the companies that make parts for the 787 to slow or stop production. The latest delay comes as Boeing deals with the aftermath of an electrical fire during a test flight last month.
DEARBORN, Mich. (AP) — Ford Motor Co. on Monday started high-volume production of its new Focus compact at its Saarlouis factory in Germany, the company said. Early U.S. production of the car is now under way at a factory near Detroit, with the Focus due in U.S. showrooms early next year. The car, designed in Europe for sale in 120 markets around the globe, will be built in mid-2011 in St.
NORTHFIELD, Illinois (AP) — Kraft Foods is seeking a preliminary injunction against Starbucks, saying Monday that the coffee chain violated terms of a distribution deal. The two businesses began arbitration proceedings late last month as Kraft tried to prevent Starbucks from ending an agreement to distribute and promote its packaged coffee in stores.
WASHINGTON (AP) — Orders to U.S. factories fell in October by the largest amount in five months, reflecting a big drop in demand for aircraft. Factory orders declined 0.9 percent in October, the Commerce Department reported Friday. It was the first setback since June and the biggest decline since a 1.
WASHINGTON (AP) — The U.S. and South Korea have reached an agreement on America's largest trade pact in more than a decade, a highly coveted deal the Obama administration hopes will boost U.S. exports and create tens of thousands of jobs at home. After a week of marathon negotiations, representatives from both countries broke through a stalemate Friday morning on outstanding issues related to the automobile industry, which have been a sticking point in the talks.
TOKYO (AP) — Japanese automaker Mazda remains committed to its 30-year-old technical and strategic alliance with Ford although the US company is no longer its top shareholder, Mazda's chief said Monday. Ford cut its stake in Mazda from 11 percent to 3.5 percent last month, marking a symbolic shift in a longtime U.
The Associated Press asked people around the country to share their ideas on jump-starting the economy. Some responses: More stimulus: Carolyn Morrison is a Wake County, N.C., school board member who has spent more than 45 years in education. The public school she attended as a child in Lumberton, N.
WALLINGFORD, Connecticut (AP) — Members of the Machinists union have overwhelmingly ratified a new contract with jet engine maker Pratt & Whitney that allows the company to shut two plants it has targeted for more than a year, while preserving jobs insisted on by the union. Workers voted 2,609-198 Sunday to accept the pact with the subsidiary of United Technologies Corp.
DETROIT (AP) — General Motors Co. took another step toward cleaning up its balance sheet on Thursday when it pumped $4 billion in cash into its underfunded U.S. pension plans. The company made the payment two weeks after a historic initial public stock offering that was worth a total of $23 billion, and it comes just 17 months after the automaker exited a government-funded bankruptcy restructuring.
SEOUL, South Korea (AP) — A scion of the family that founded the sprawling Samsung conglomerate has been promoted to president at the flagship electronics business, sending its shares to a record high. The elevation of Lee Jae-yong, 42, from executive vice president at Samsung Electronics Co.
NEW YORK (AP) — An unexpected increase in the U.S. unemployment rate and slower than expected job growth has darkened the mood ahead of Friday's opening on Wall Street. The unemployment rate climbed to a seven month high in November as employers added only 39,000 jobs. Economists had expected that 145,000 were added last month.