A new $50 unlimited-calling plan sold under the Boost brand has been a badly needed success story for Sprint Nextel Corp., luring hundreds of thousands of new customers, by industry estimates. But dealers and customers report widespread problems with texting…

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Texting delays mar popularity of $50 Boost plan

Fears that a Chrysler LLC bankruptcy could devastate southeast Michigan and harm Chrysler workers and retirees nationwide were abating somewhat as details of the deal were released Thursday. “It’s the best deal we can come up with,” said Mark Conner, who…

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Chrysler bankruptcy raises questions for workers

Chrysler’s bankruptcy is testing Wall Street’s resilience. After rising sharply in early trading Thursday, the Dow Jones industrial average pared its gains and traded down about 40 points after President Barack Obama confirmed that Chrysler LLC will be going…

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Stocks wobble after Chrysler bankruptcy news

Oil prices wavered Thursday as the nation’s employment picture darkened and consumers pulled back on spending. Benchmark crude for June delivery ticked up 15 cents to settle at $51.12 a barrel on the New York Mercantile Exchange. In London, Brent prices rose…

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Energy prices waver with new signs of weak economy

Medical test maker Sequenom struggled to reassure Wall Street about the future of its Down syndrome blood test Thursday, as the company’s stock plunged 75 percent after Sequenom said employees mishandled study data and results. The news called into question…

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Sequenom aims to calm Wall Street as shares plunge

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A Cloudy Summit for SAP CEO Léo Apotheker

DETROIT/WASHINGTON (Reuters) – Chrysler LLC — battered for the past two years by disappearing global auto sales and the credit crisis — filed for bankruptcy on Thursday and announced an industry-changing deal with Fiat after talks to restructure its debt broke down.

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Chrysler files for bankruptcy, signs Fiat deal

LONDON/SAN FRANCISCO (Reuters) – Exxon Mobil Corp disappointed investors who in the past week had grown accustomed to energy companies reporting better-than-expected profits despite the collapse in crude oil prices since July.

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Exxon misses despite general oil firm resilience

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Make Your Leadership Case for B-School Admission

NEW YORK (Reuters) – Stocks rose on Thursday, but were well off session highs, as investors sought to reconcile upbeat corporate profits and reassuring job market data with anxiety about Chrysler LLC’s bankruptcy filing.

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Wall Street pulls back after Chrysler bankruptcy

Dow Chemical posted a 97 percent drop in first-quarter profit on Thursday as big commercial clients and consumers cut back heavily on spending, though results easily beat Wall Street expectations. Because Dow’s chemicals are used in such a wide variety of…

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Dow Chemical 1Q profit tumbles 97 percent

Specialty vehicle maker Oshkosh Corp. on Thursday said it moved to a loss in the second quarter as demand fell sharply amid the downturn. The company also now expects to post a loss for the full year. The news sent shares tumbling 19 percent, or $2.36, to $…

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Oshkosh posts second-quarter loss; shares tumble

Chrysler LLC filed for bankruptcy protection Thursday and announced it will temporarily halt most of its vehicle production while it completes a deal with Italian carmaker Fiat designed to revive its tattered fortunes. The Obama administration said it had…

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Chrysler files for Chapter 11 bankruptcy

Shares of Akamai Technologies Inc. marched higher Thursday after the company beat Wall Street forecasts for the first quarter and drew an upgrade from Goldman Sachs. The Cambridge, Mass., company, which provides Internet traffic-management services, saw its…

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Akamai shares take off after 1Q tops Street

A former executive of Connecticut-based General Re Corp. was sentenced Thursday to a year and a day in prison for his role in an accounting scandal that authorities say cost shareholders of American International Group Inc. more than $500 million. Robert…

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Defendant in reinsurance fraud sentenced