Local San Diego News From Around The County

Phillips-Van Heusen says it will buy privately held Tommy Hilfiger in a cash-and-stock deal valued at about $3 billion, creating one of the world's biggest clothing companies.

The federal government said Monday it cannot explain a reported incident of sudden, high-speed acceleration in a Toyota Prius on a San Diego, Calif., freeway last week.

Social networking site Facebook is opening an operations office in India, its first in Asia, to help manage rapid growth in the number of users.

The United States and Britain are more likely than Germany and France to witness an embarrassing downgrade of their top debt rating, agency Moody's Investors Service said Monday.

World stock markets fell Monday as investors fretted about the status of banking reform in the U.S. and awaited confirmation of a rescue package for debt-laden Greece. The British pound slipped amid growing British political and economic concerns.

The United States and Britain are more likely than Germany and France to witness an embarrassing downgrade of their top debt rating, agency Moody's Investors Service said Monday.

PepsiCo says it will buy back up to $15 billion shares of its common stock through June 2013.

Combining Obama administration and Republican priorities, the leading Senate author of a sweeping rewrite of the nation's financial regulations is looking for consensus with a proposal that neither side of the political spectrum is ready to embrace.

Phillips-Van Heusen has agreed to buy clothing company Tommy Hilfiger for about $3 billion.

A wave of new tax hikes hit Greece on Monday, raising the cost of consumer goods despite recession and high unemployment, as European Union finance ministers gathered in Brussels to discuss the country's debt crisis.

Amylin Pharmaceuticals Inc. said Monday it received a Food and Drug Administration request for information on manufacturing and a risk mitigation plan for a potential once-weekly diabetes treatment.

Investors are entering the new trading week tentatively as the Federal Reserve meets to discuss interest-rate policy. Stock futures fell Monday.

BYD, the Chinese automaker with backing from billionaire Warren Buffett, says its net profit more than tripled last year as the company's F3 sedan topped the country's list of best-selling autos.

A new consumer survey suggests that people will ditch their favorite news site if it starts charging for content.

Airbus says it aims to sell 210 of its much-delayed A400M military airlifters to the U.S.

South Africa's independent Chamber of Mines says the country has dropped to fourth place in worldwide gold production.

Germany's Deutsche Telekom AG on Monday said it will introduce a quota for female managers, with a target to fill 30 percent of upper and middle management jobs with women by the end of 2015.

The federal government said Monday it cannot explain a reported incident of sudden, high-speed acceleration in a Toyota Prius on a San Diego, Calif., freeway last week.

Government cannot explain high-speed acceleration incident involving Toyota Prius in Calif.

Iran's oil minister said Monday that OPEC nations should not change their crude output targets at their upcoming meeting in Vienna.