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Business News

Target at Post-Bailout GM: Earning $10 Billion a Year - The auto maker is expected to report net income of more than $8 billion for last year and has set its sights on a once-unthinkable goal: making more than $10 billion a year.

Adelson Cashes In on Turnaround at Sands - A financial turnaround at Las Vegas Sands Corp. is beginning to pay off for chairman and CEO Sheldon Adelson, who during the financial crisis put $1 billion of his own money into the struggling casino operator.

Weather Deal Backfires for BMW's Mini - A deal with a German meteorology institute to sponsor a weather system backfired on BMW's Mini brand, after the "Cooper" cold front brought arctic temperatures, icy winds and dozens of deaths to much of Europe.

Storm Clouds Gather Over Florida Insurers - State-run entities that expanded over the past decade to provide affordable homeowners insurance in hurricane-threatened Florida are in danger of becoming so big they threaten to wreak havoc on the local economy.

Stats on Corn Called Flaky - Farmers and analysts are expressing fresh skepticism about Agriculture Department data on the corn market in the wake of the latest figures, which stunned traders and sent prices on another wild ride.

Resolution on Remnants of Dexia Is Near - The French government and two state-controlled entities are in the home stretch to create a new municipal lender from the remains of troubled Franco-Belgian bank Dexia SA, but they have yet to agree on the price of a key asset, the fate of hundreds of employees, and the exact missions of the future company.

Japan Tobacco's Net Jumps 67% - Japan Tobacco reported a 67% jump in net profit for its fiscal third quarter from a year earlier, when domestic tobacco sales were hit by a tax increase.

Foreclosure Deal Gets Closer - Federal and state officials aim to wrap up this week a multibillion-dollar agreement with five major banks to settle probes of alleged foreclosure abuses.












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