Japan's economy climbed out of yearlong recession in the second quarter, the government said Monday, expanding 3.7 percent at an annual pace as it joined Germany, France and other regions that appear to be emerging from the global financial crisis.

Jan 05

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December marked another dismal month for automakers with new figures showing overall sales declines of more than 30 percent as the U.S. auto industry continues to struggle amid the economic downturn.