Mastercard Profits Rise 15% on More Card Use
MasterCard Inc. says heavier use of credit and debit cards overseas helped push third-quarter profits up by nearly 15 percent.
Business
Pfizer Profits Plunge on Wyeth Acquisition Costs
Pharmaceutical giant Pfizer Inc. said Tuesday that revenue in the third quarter jumped 39 percent due to its acquisition of fellow drugmaker Wyeth
Fed to Buy More Bonds in Bid to Boost Economy
With unemployment at 9.6 percent, the Federal Reserve is all but certain this week to launch a new program to try to fortify the economy. ...
Boeing Lifts 20-Year China Forecast on Travel Boom
Boeing Co. raised its 20-year forecast of China's demand for commercial aircraft due to strong economic growth and more competitive Chinese carriers.
U.S. Manufacturing Surged in October
Manufacturing activity expanded last month at the fastest pace since May due to a surge in new orders and production.
Sept Consumer Spending Weaker on Income Dip
Americans slowed their spending in September to the weakest pace in three months and their incomes fell for the first time in 14 months.
AIG to Repay $37 Bil. Govt Bailout
AIG said Monday it raised nearly $37 billion from the sale of two foreign insurance units and will use that money to repay a government ...
Lower TV Glass Demand Crimps Corning Profits
Corning Inc. says its profit jumped 22 percent in the third quarter but it missed Wall Street expectations on lower sales of glass for flat-panel ...
Why Jobless Rates Stay High Despite Growth
An economy growing 2 percent a year might be tolerable in normal times. Today, it's a near-disaster.
China Manufacturing Data Lifts Asia Stock Markets
World stock markets rose modestly Monday following a fairly strong Chinese manufacturing survey — but trading was subdued as investors waited
Asia Stocks Rise As GOP Piles Up House Seats
Asian stocks were mostly higher Wednesday as markets digested news that Republicans gained control of the House in midterm U.S. elections
Galaxy S Lifts Samsung Past HTC in Smart Phones
The success of its Galaxy S has moved Samsung Electronics up into the number 4 spot among smartphone makers wth 7.85 million sold in the ...
Pontiac Laid to Rest After Storied Life
Pontiac, whose muscle cars drag-raced down boulevards, parked at drive-ins and roared across movie screens, is going out of business on Sunday.
India Backs Off Threat to Ban Blackberries
India has followed the United Arab Emirates in backing off from a threat to ban popular services on Blackberry devices, amid growing global concern
YouTube CEO Chad Hurley Moves to Fashion Business
YouTube CEO Chad Hurley is surrendering the reins of the popular video website that he started with two buddies as a quirky curiosity and went ...
Declining Demand Seen for LCDs Despite Solid Profits
Companies that make huge flat-screen televisions and their LCD panel components are alerting investors that demand is dropping in the U.S.
Honda, Mazda Profits Soar Despite Strong Yen
Japanese automakers Honda and Mazda posted hefty profits despite a strengthening yen as the global recovery and government incentives for green
Panasonic Profits Quintuple on LCDs, Auto Electronics
Panasonic, Japan's biggest home appliance maker, said Friday its quarterly profit surged more than fivefold on strong consumer demand despite
Sony Returns to Modest Profits
Sony Corp. says it returned to black in the July-September quarter on better sales of its PlayStation gaming consoles and personal computers.
Japan Cuts Production As Consumer Prices Fall
Japan's factories made fewer goods in September as makers of cars and electronic devices cut production while consumer prices fell for the 19th
Samsung Profits Hit Another Record on Chips, Phones
Samsung Electronics Co. said net profit rose 17 percent in the third quarter to a record high amid strength in its semiconductor and mobile
GM Pays Down Govt Debt Ahead of Stock Sale
General Motors Co. moved to strengthen its finances ahead of an initial public stock sale, announcing plans on Thursday to cut debt and pension
Microsoft Beats Views on Rising Business Spending
A swell of spending by businesses on new computers, software and servers helped push Microsoft Corp.'s earnings for the most recent quarter
Retailers Post Big Sales Gains by Discounting
Retailers are reporting solid revenue gains for October. But it took heavy discounting on coats and other cold-weather items to get shoppers to spend
Diesel Shortage Disrupts China Economy
Aggravated Chinese truck drivers parked for hours to buy rationed diesel Monday as shortages blamed on a government conservation campaign
New Grand Cherokee Boosts Chrysler Sales
Chrysler cut its losses in half between the second and third quarters as a new version of the Jeep Grand Cherokee notched strong sales. The ...
China Already World's Top Market for BMW 7 Series
China is already the top market for BMW's luxurious 7-series sedans, the company revealed. It also forecast that China will become its top all-around market
Korean Battery Picked for Chrysler Electric Car
SB LiMotive announced Sunday that it will supply the lithium-ion batteries that will power Chrysler's Fiat 500 EV electric car scheduled for 2012 debut.
Economy Recovers but New Spending Habits Linger
Layaway, once the province of the poor, has gone mainstream. At the Mall of America in Minnesota, shoppers dart in for just one or two ...
Pending Home Sales Drop in September
The number of people who signed contracts to buy homes fell in September after two months of gains, a possible fallout from foreclosure moratoriums
Private Employers Added 159,000 Workers in Oct.
The economy generated a net gain in jobs for the first time in five months in October, as businesses stepped up their painfully slow pace ...
Toyota Profits Quadruple to $1.2 Bil.
Toyota's second quarter profit more than quadrupled on a sales recovery despite lingering worries about the quality of its cars after massive recalls.
Bridgestone Returns to Profit on Tire Demand
Bridgestone Corp. said Friday its earnings are continuing to recover this year as demand for its tires improves, especially at home in Japan.
Shanghai Readies Deal for Next Disneyland
Just days after Shanghai wrapped up its role as host to the World Expo, China's commercial capital is setting its sights on another big tourism ...
GM Leads IPO Pitch with China Growth
General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company's chief financial officer said Thursday
Trucks Outsell Cars by Biggest Margin in 5 Years
Trucks outsold cars by the highest margin in nearly five years in October, a small sign that the economy may be starting to improve.
New Jobless Claims Jump After Declines
The number of people seeking jobless benefits jumped sharply last week, after two straight weeks of declines.
Judge Rejects Dismissal of Toyota Acceleration Claims
A federal judge in California will consider a motion by Toyota Motor Corp. to dismiss lawsuits that claim there are sudden acceleration defects in its ...
Ford, GM China Sales Surge in October
General Motors Co. says it is set to sell more than 2 million vehicles in China this year after posting record sales for October.
Panasonic Invests $30 Mil. in Tesla Motors
Panasonic Corp. is investing $30 million in Tesla Motors Inc., the U.S. maker of electric sports cars, eyeing expansion in the global market for green
Asia Stocks Rise on Fed Stimulus Plan
Asian stock markets climbed on Thursday as investors took heart from the Federal Reserve's plan to buy $600 billion in government bonds
GM Predicts $2.1 Bil. Earnings Ahead of IPO
General Motors Co. is forecasting that it earned as much as $2.1 billion from July to September, a strong financial performance as the company
QE2 Risks Dollar Plunge, New Speculative Bubble
The Federal Reserve is making a high-stakes bet in the hope of getting the economy steaming along again. Nobody is sure the Fed's best efforts
Dow Hits 2-Year High on $600 Bil. Stimulus Plan
The Dow Jones industrial average reached its highest level in two years Wednesday after the Federal Reserve announced plans to buy $600 billion
T-Mobile Touts Upgraded 3G Network As 4G
Sprint Nextel Corp. and Verizon Wireless are building wireless data networks using new technologies that the industry calls fourth-generation
U.S. Auto Sales Jump on Returning Confidence
U.S. auto sales rose in October as buyers grew more confident in the economy and new models drew them into dealerships.
Galaxy Tablet Release Fuels Samsung-Apple Rivalry
Samsung Electronics has timed the unveiling of its Galaxy Tab tablet PC in Korea for Thursday to coincide with the debut of Apple's MacBook Air ...
Economists See Silver Lining in Impending Gridlock
The Republicans' sweeping gains in Tuesday's elections hardly guarantee they can enact their own prescriptions for the ailing economy.
Clothing Sales Surprisingly Strong in October
After a last-minute back-to-school buying spree, Americans appeared to have taken a shopping pause in October, resulting in a mixed retail sales picture.
World Bank Raises China Growth Outlook
China's rapid growth is easing to a manageable pace and Beijing can do more to reconfigure its economy to promote domestic consumption and reduce
Mastercard Profits Rise 15% on More Card Use
MasterCard Inc. says heavier use of credit and debit cards overseas helped push third-quarter profits up by nearly 15 percent.
Pfizer Profits Plunge on Wyeth Acquisition Costs
Pharmaceutical giant Pfizer Inc. said Tuesday that revenue in the third quarter jumped 39 percent due to its acquisition of fellow drugmaker Wyeth
Fed to Buy More Bonds in Bid to Boost Economy
With unemployment at 9.6 percent, the Federal Reserve is all but certain this week to launch a new program to try to fortify the economy. ...
Boeing Lifts 20-Year China Forecast on Travel Boom
Boeing Co. raised its 20-year forecast of China's demand for commercial aircraft due to strong economic growth and more competitive Chinese carriers.
U.S. Manufacturing Surged in October
Manufacturing activity expanded last month at the fastest pace since May due to a surge in new orders and production.
Sept Consumer Spending Weaker on Income Dip
Americans slowed their spending in September to the weakest pace in three months and their incomes fell for the first time in 14 months.
AIG to Repay $37 Bil. Govt Bailout
AIG said Monday it raised nearly $37 billion from the sale of two foreign insurance units and will use that money to repay a government ...
Lower TV Glass Demand Crimps Corning Profits
Corning Inc. says its profit jumped 22 percent in the third quarter but it missed Wall Street expectations on lower sales of glass for flat-panel ...
Why Jobless Rates Stay High Despite Growth
An economy growing 2 percent a year might be tolerable in normal times. Today, it's a near-disaster.
China Manufacturing Data Lifts Asia Stock Markets
World stock markets rose modestly Monday following a fairly strong Chinese manufacturing survey — but trading was subdued as investors waited
Asia Stocks Rise As GOP Piles Up House Seats
Asian stocks were mostly higher Wednesday as markets digested news that Republicans gained control of the House in midterm U.S. elections
Galaxy S Lifts Samsung Past HTC in Smart Phones
The success of its Galaxy S has moved Samsung Electronics up into the number 4 spot among smartphone makers wth 7.85 million sold in the ...
Pontiac Laid to Rest After Storied Life
Pontiac, whose muscle cars drag-raced down boulevards, parked at drive-ins and roared across movie screens, is going out of business on Sunday.
India Backs Off Threat to Ban Blackberries
India has followed the United Arab Emirates in backing off from a threat to ban popular services on Blackberry devices, amid growing global concern
YouTube CEO Chad Hurley Moves to Fashion Business
YouTube CEO Chad Hurley is surrendering the reins of the popular video website that he started with two buddies as a quirky curiosity and went ...
Declining Demand Seen for LCDs Despite Solid Profits
Companies that make huge flat-screen televisions and their LCD panel components are alerting investors that demand is dropping in the U.S.
Honda, Mazda Profits Soar Despite Strong Yen
Japanese automakers Honda and Mazda posted hefty profits despite a strengthening yen as the global recovery and government incentives for green
Panasonic Profits Quintuple on LCDs, Auto Electronics
Panasonic, Japan's biggest home appliance maker, said Friday its quarterly profit surged more than fivefold on strong consumer demand despite
Sony Returns to Modest Profits
Sony Corp. says it returned to black in the July-September quarter on better sales of its PlayStation gaming consoles and personal computers.
Japan Cuts Production As Consumer Prices Fall
Japan's factories made fewer goods in September as makers of cars and electronic devices cut production while consumer prices fell for the 19th
Samsung Profits Hit Another Record on Chips, Phones
Samsung Electronics Co. said net profit rose 17 percent in the third quarter to a record high amid strength in its semiconductor and mobile
GM Pays Down Govt Debt Ahead of Stock Sale
General Motors Co. moved to strengthen its finances ahead of an initial public stock sale, announcing plans on Thursday to cut debt and pension
Microsoft Beats Views on Rising Business Spending
A swell of spending by businesses on new computers, software and servers helped push Microsoft Corp.'s earnings for the most recent quarter
Retailers Post Big Sales Gains by Discounting
Retailers are reporting solid revenue gains for October. But it took heavy discounting on coats and other cold-weather items to get shoppers to spend
Diesel Shortage Disrupts China Economy
Aggravated Chinese truck drivers parked for hours to buy rationed diesel Monday as shortages blamed on a government conservation campaign
New Grand Cherokee Boosts Chrysler Sales
Chrysler cut its losses in half between the second and third quarters as a new version of the Jeep Grand Cherokee notched strong sales. The ...
China Already World's Top Market for BMW 7 Series
China is already the top market for BMW's luxurious 7-series sedans, the company revealed. It also forecast that China will become its top all-around market
Korean Battery Picked for Chrysler Electric Car
SB LiMotive announced Sunday that it will supply the lithium-ion batteries that will power Chrysler's Fiat 500 EV electric car scheduled for 2012 debut.
Economy Recovers but New Spending Habits Linger
Layaway, once the province of the poor, has gone mainstream. At the Mall of America in Minnesota, shoppers dart in for just one or two ...
Pending Home Sales Drop in September
The number of people who signed contracts to buy homes fell in September after two months of gains, a possible fallout from foreclosure moratoriums
Private Employers Added 159,000 Workers in Oct.
The economy generated a net gain in jobs for the first time in five months in October, as businesses stepped up their painfully slow pace ...
Toyota Profits Quadruple to $1.2 Bil.
Toyota's second quarter profit more than quadrupled on a sales recovery despite lingering worries about the quality of its cars after massive recalls.
Bridgestone Returns to Profit on Tire Demand
Bridgestone Corp. said Friday its earnings are continuing to recover this year as demand for its tires improves, especially at home in Japan.
Shanghai Readies Deal for Next Disneyland
Just days after Shanghai wrapped up its role as host to the World Expo, China's commercial capital is setting its sights on another big tourism ...
GM Leads IPO Pitch with China Growth
General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company's chief financial officer said Thursday
Trucks Outsell Cars by Biggest Margin in 5 Years
Trucks outsold cars by the highest margin in nearly five years in October, a small sign that the economy may be starting to improve.
New Jobless Claims Jump After Declines
The number of people seeking jobless benefits jumped sharply last week, after two straight weeks of declines.
Judge Rejects Dismissal of Toyota Acceleration Claims
A federal judge in California will consider a motion by Toyota Motor Corp. to dismiss lawsuits that claim there are sudden acceleration defects in its ...
Ford, GM China Sales Surge in October
General Motors Co. says it is set to sell more than 2 million vehicles in China this year after posting record sales for October.
Panasonic Invests $30 Mil. in Tesla Motors
Panasonic Corp. is investing $30 million in Tesla Motors Inc., the U.S. maker of electric sports cars, eyeing expansion in the global market for green
Asia Stocks Rise on Fed Stimulus Plan
Asian stock markets climbed on Thursday as investors took heart from the Federal Reserve's plan to buy $600 billion in government bonds
GM Predicts $2.1 Bil. Earnings Ahead of IPO
General Motors Co. is forecasting that it earned as much as $2.1 billion from July to September, a strong financial performance as the company
QE2 Risks Dollar Plunge, New Speculative Bubble
The Federal Reserve is making a high-stakes bet in the hope of getting the economy steaming along again. Nobody is sure the Fed's best efforts
Dow Hits 2-Year High on $600 Bil. Stimulus Plan
The Dow Jones industrial average reached its highest level in two years Wednesday after the Federal Reserve announced plans to buy $600 billion
T-Mobile Touts Upgraded 3G Network As 4G
Sprint Nextel Corp. and Verizon Wireless are building wireless data networks using new technologies that the industry calls fourth-generation
U.S. Auto Sales Jump on Returning Confidence
U.S. auto sales rose in October as buyers grew more confident in the economy and new models drew them into dealerships.
Galaxy Tablet Release Fuels Samsung-Apple Rivalry
Samsung Electronics has timed the unveiling of its Galaxy Tab tablet PC in Korea for Thursday to coincide with the debut of Apple's MacBook Air ...
Economists See Silver Lining in Impending Gridlock
The Republicans' sweeping gains in Tuesday's elections hardly guarantee they can enact their own prescriptions for the ailing economy.
Clothing Sales Surprisingly Strong in October
After a last-minute back-to-school buying spree, Americans appeared to have taken a shopping pause in October, resulting in a mixed retail sales picture.
World Bank Raises China Growth Outlook
China's rapid growth is easing to a manageable pace and Beijing can do more to reconfigure its economy to promote domestic consumption and reduce
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