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Report: Schlumberger in talks to acquire Smith Intl.

The newspaper, citing people familiar with the negotiations, said the deal could be announced in the coming days.

Prices on everyday items fall

The decrease, on everything but food and energy, is the first since 1982. The news means the Federal Reserve could keep interest rates at record-low levels.

Toyota's president to testify before Congress

Toyota's president Akio Toyoda, under fire for his handling of sweeping recalls, will testify before a congressional hearing next week, appealing to U.S. lawmakers and aggrieved customers for understanding while the company fixes its safety problems.

Report: Fewer people falling behind on home loans

The number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb.

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Business editor:
Laura Goldberg
laura.goldberg@chron.com

Assistant business editors:
Mark Babineck
mark.babineck@chron.com

Don Mason
don.mason@chron.com

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