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Auto giant Toyota is expected to recall almost 300,000 Prius vehicles worldwide, ending several days of speculation about the much-embraced and honored hybrid.
Japan’s Kyodo News agency says the automaker will recall 100,000 hybrids in the U.S. and another 170,000 in Japan. The recall would affect only those Prius models that arrived at dealerships starting in […]

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Did you purchase a home after Nov. 6? Don’t expect your $8,000 homebuyer tax credit any time soon.
UPDATED: IRS releases new form, begins accepting claims again
Since Congress passed the tax credit last February as part of the stimulus program, more than 1.4 million buyers have scrambled to take advantage of it, according to […]

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Wal-Mart Stores Inc, which has already cut prices on everything from toys to turkeys to TVs to win holiday shoppers, is now reducing the price it charges for money transfers.
Through January 31, U.S. Wal-Mart stores will charge customers a $7 fee to send up to $200 anywhere in the United States or abroad. Previously, […]

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Fortinet Inc. said Monday that it well sell 12.5 million shares in its initial public offering this week instead of the 12 million originally planned.
That raises the total value of the offering to up to $137.5 million at the expected initial price of between $9 and $11.
The change is entirely in the number of insider […]

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Ford Motor Co. said Thursday that it will begin equipping certain vehicles with inflatable seat belts that the company says will help prevent injuries in auto accidents.
The inflatable rear seat belts will be available on the next generation Ford Explorer and will become more widespread over time, the company said in a press […]

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The U.S. government is stepping up prosecutions of wealthy individuals dodging taxes through off-shore accounts, with new cases expected to be made public “every couple of weeks,” a top government attorney said on Saturday.
U.S. officials have been sifting through about 250 client names obtained through a February settlement of a criminal probe against Swiss […]

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Maurice "Hank" Greenberg, former chief executive of American International Group, has agreed to pay $15 million to settle charges related to an accounting scandal, the Securities and Exchange Commission said Thursday.
A complaint filed by the SEC said Greenberg and former chief financial officer Howard Smith were involved in "numerous improper accounting transactions" that inflated […]

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These are hard times for car dealers. Across the nation, General Motors and Chrysler dealerships are pulling down their big roadside signs and closing their doors.
The companies say they have no choice but to cut the cord and save money. The dealers, who say they are being scapegoated for the epic problems at GM […]

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Qwest Communications International Inc. said Monday it is not selling its long-distance phone network after completing a comprehensive review and a bidding process with interested parties.
The company’s shares fell more than 4% in premarket trading after Qwest (Q, Fortune 500) said the company had decided that the phone network asset holds far more value […]

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Profits at American Express declined by more than half in the latest quarter, the company said Thursday, as spending by cardmembers slowed and credit troubles continued to mount.
The credit card giant also said, however, that it was hoping to soon pay back money it received from the government as part of last fall’s financial […]

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