American International Group is reportedly asking the federal government to OK the insurer's plan to resume paying millions in promised retention incentives next week.

The U.S. trade deficit fell to the lowest level in more than nine years in May as exports posted a small gain while the weak American economy pushed imports down for a 10th straight month.

General Motors Corp. CEO Fritz Henderson says the new GM will be far faster and more responsive to customers than the old one.

Investors are cautiously moving back into stocks after being reassured by better earnings from Alcoa Inc. and a decline in claims for jobless benefits.

It looks like the path is now clear for General Motors to exit bankruptcy protection as a new government-controlled company.

The latest numbers are in from the nation's retail chains and they aren't looking good.

The number of newly laid-off workers filing initial claims for jobless benefits last week fell to the lowest level since early January. The decline was due in part to changes in the timing of auto industry layoffs.

It looks like the path is now clear for General Motors to exit bankruptcy protection as a new government-controlled company.

Wholesale inventories fell for a ninth consecutive month in May as businesses struggle to trim stockpiles amid the longest recession since World War II.

Stocks are mixed in early trading, with investors reassured by Alcoa Inc.'s earnings and some good news on the labor front.

Metals and energy prices are extending their losses amid growing anxiety about the potential for a quick and robust economic recovery.

About two stocks fell for every one that rose on the New York Stock Exchange, where volume came to 1.4 billion shares.

Major media executives are impressed with Twitter's growing popularity as a communications tool. They just can't figure out how the online messaging service is going to make money.

Consumers trimmed borrowing in May for the fourth straight month as the recession took another bite out of investments and drove unemployment higher.

Two industry officials say the Treasury Department will announce the names of up to 10 fund investment firms participating in a government plan to wipe troubled assets from banks' books this week.

Federal authorities say six people have been arrested in a securities fraud investigation involving a Wall Street brokerage firm.

Stocks are modestly higher in early trading as investors wait for aluminum maker Alcoa Inc. to give some guidance about the economy.

OPEC says that demand for its crude has fallen so sharply because of the world recession that it will take another four years to recover to 2008 levels.

There are a lot of people looking for jobs and that means polishing up the old resume. But Liz Ryan of Yahoo! and Hot Jobs warns things have changed over the years.

Motion by people hurt in vehicle accidents denied.

Chrysler plans to restart production at a northern Illinois plant and is recalling hundreds of workers.

The decline follows mixed moves in overseas markets.

The United States says it has made progress in opening Japan's market to foreign investors.

The IRS says it will temporarily stop collecting penalties from some small businesses that have been hit with big fines for not disclosing the use of questionable tax shelters.

Credit card company Discover says it will sell $500 million worth of common stock in a public offering, and use the proceeds for possible investments or to buy back preferred stock issued to the U.S. Treasury under its bank rescue plan.