Consumers log stronger-than-expected spending rise
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AP
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1 minute ago Consumers got back in the buying mood in October as their incomes grew modestly, an encouraging sign for the budding economic recovery.
Toyota to replace 4M gas pedals that could jam
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AP
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4 minutes ago Toyota Motor Corp. said Wednesday it will replace accelerator pedals on about 4 million recalled vehicles in the United States because the pedals can get stuck in the floor mats.
World stocks buoyed by US data as dollar slides
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AP
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4 minutes ago European stock markets rose and Wall Street was expected to open higher Wednesday after a batch of stronger than anticipated U.S. economic data on the eve of the Thanksgiving holiday.
Deere reports 4Q loss on charges, lower sales
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AP
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9 minutes ago Deere and Co. lost $223 million in the fourth quarter, reflecting big charges and a 28 percent slump in sales as demand for tractors, combines and construction equipment sagged amid the global economic downturn.
Sales of new homes forecast to rise 2 percent
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AP
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9 minutes ago Sales of new homes are expected to post a modest increase in October, reinforcing data this week that showed the real estate market is regaining its footing after a dramatic collapse.
Illumina's board OKs buyback of up to $100M shares
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AP
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18 minutes ago Illumina Inc. said Wednesday that its board approved the buyback of up to $100 million of its outstanding shares. The genetic analysis instrument maker said the repurchases will be funded from existing cash.
Disney names new head of worldwide channels
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AP
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19 minutes ago Walt Disney Co. has named Carolina Lightcap as president of Disney Channels Worldwide. She replaces Rich Ross, who was promoted to serve as the company's movie studios chairman in October.
Stock futures extend gains after data
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AP
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30 minutes ago Stock futures are extending their gains as news of an improving job market and strong consumer spending provided reassurance that the economy is recovering.
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