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Business News

Travel industry uses Facebook and Twitter to reach customers
Hotels and airlines are ramping up their use of online sites such as Facebook and Twitter to build loyalty to their brand.

EU OKs new financial oversight for banks, governments
European Union nations agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis ...

Oracle names H-P ex-CEO Mark Hurd as co-president
Oracle has hired former Hewlett-Packard CEO Mark Hurd to help lead the database software maker in a pivotal moment in Oracle's 33-year history ...

Conserve: P&G will compact all its powder detergents in 2011
Procter & Gamble (PG) said Tuesday that it will begin compressing all its U.S. and Canadian powdered laundry detergents in February.

Barclays picks Diamond to succeed Varley as CEO
Robert Diamond, who built Barclays into a global powerhouse in investment banking and has been criticized for his lavish pay, will become chief ...

Book review: 'The Last of the Imperious Rich: Lehman Bros.'
As books about the collapse of Lehman Bros. rain down from publishers, one book by Peter Chapman places the history above more recent events ...

Official: Obama to back more business tax breaks
President Barack Obama will call on Congress to pass new tax breaks that would let businesses write off 100% of new capital investments through ...

Economy's looking up for now as double-dip fears ease
A steady flow of not-terrible economic news has eased worries of renewed recession and shifted the political spotlight to the White House.

ABC News President David Westin stepping down
ABC News President David Westin, the longest-reigning network news division chief, with more than 13 tumultuous years on the job, told his staff ...

Fast-food chains in Asia cater menus to customers
U.S. fast-food companies in Asia combine time-tested recipes with a mix of new products to appeal to Asian palates.