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.
Business
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
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
Ford, GM Valuations Rely Increasingly on Global Sales
If investors pay what General Motors hopes to get for its stock in a planned IPO, they'll have to buy the logic that the company's ...
14.4% of U.S. Homes Vacant As Ownership Falls
The nation's homeownership rate remained at its lowest in more than a decade, hampered by a rise in foreclosures and weak demand for housing.
Oracle to Pay $1 Bil. for E-Commerce Software Firm
Business software maker Oracle said Tuesday it has agreed to acquire e-commerce software maker Art Technology Group Inc. for $1 billion in cash.
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
Nissan Unveils Electric Two-Seat Concept Car
Nissan showed a two-seater electric vehicle resembling a go-cart Monday that isn't ready for sale but spotlights the Japanese automaker's ambitions
Amazon to Pay Publishers 70% on Kindle Sales
Amazon.com Inc. said Monday it will start paying publishers more when they sell magazines and newspapers on its Kindle electronic reader.
Phone Books Soon to Become Cultural Relics
What's black and white and read all over? Not the white pages, which is why regulators have begun granting telecommunications companies the go-ahead
Bollywood Takes Bigger Role in Hollywood
Hollywood and Bollywood have come together to create a Los Angeles-India Film Council to attract more Indian moviemakers to L.A.
Foreclosures Fall 9% on Procedural Hitch
The number of U.S. homes repossessed by lenders last month fell by the sharpest margin this year, as several major lenders temporarily halted most
Cisco Outlook Raises Fears of Slipping Competitiveness
Cisco Systems Inc. has given a disappointing sales forecast for the second quarter in a row, raising doubts about the network equipment maker's
Budget Deficit Hits $140.4 Bil. for October
The federal government began the new budget year with a deficit that fell 20 percent from a year ago but still the third highest October ...
Bullish Google Gives 10% Raise to Everyone
Google Inc. is showing it still knows how to make its employees feel special: It is giving all 23,300 of them 10 percent raises next ...
Jobless Claims Fall to Lowest Level in 4 Months
Fewer people applied for unemployment aid last week, the third drop in four weeks.
Nikkei, KOSPI Up As China Tightens Bank Lending
World markets mostly fell Wednesday after China's central bank announced it will raise the amount of cash that banks have to hold in reserve
Boeing 787 Test Flight Makes Emergency Landing
A Boeing 787 jetliner on a test flight over Texas made an emergency landing Tuesday after smoke was detected in the main cabin, the latest ...
Vietnam Left Out of Foreign Capital Inflows
Vietnam isn't experiencing the growing influx of foreign investment capital of its southeast Asian neighbors, apparently due to the perceived risk
Overseas Filipinos to Remit $21.3 Bil. in 2010
Overseas Filipino Workers (OFW) will remit $21.3 bil. this year, making the Philippines the world's fourth biggest recipient of remittances, according to the World
Tata Motors Profits Surge on Jaguar, Land Rover Sales
Tata Motors' consolidated profits surged on robust global demand for Jaguar and Land Rover as the once-troubled luxury brands enjoyed their
Chevron to Buy Atlas Energy for $4.3 Bil.
Chevron will buy natural producer Atlas Energy Inc. in a cash-and-stock deal worth $3.2 billion, the companies said Tuesday.
Economic Stress at Lowest Level in 16 Months
The nation's economic stress fell in September to a 16-month low, thanks to more hiring in New England, fewer foreclosures in the mid-Atlantic
China Inflation Expected to Subside in 2nd Half
China's inflation rate will fall in the second half of the year thanks to higher pork and grain production, said a domestic economist Saturday.
Windows Smart Phones Released by AT&T, T-Mobile
Smart phones running Microsoft's new software are now available for AT&T Inc. and T-Mobile USA customers.
Hard Times Strip Away Old Shopping Stigmas
The Goodwill store in this middle-class New York suburb is buzzing on a recent weekend afternoon. A steady flow of shoppers comb through racks filled
German Exports Surged 22.5% in September
Germany's Federal Statistics Office says exports rose 22.5 percent in September compared the same month a year ago as the country continues
China Criticizes Fed's Bond Repurchase Plan
The U.S. Federal Reserve's move to pump hundreds of billions of dollars into the financial system will bring greater volatility to markets worldwide
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 ...
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
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
Ford, GM Valuations Rely Increasingly on Global Sales
If investors pay what General Motors hopes to get for its stock in a planned IPO, they'll have to buy the logic that the company's ...
14.4% of U.S. Homes Vacant As Ownership Falls
The nation's homeownership rate remained at its lowest in more than a decade, hampered by a rise in foreclosures and weak demand for housing.
Oracle to Pay $1 Bil. for E-Commerce Software Firm
Business software maker Oracle said Tuesday it has agreed to acquire e-commerce software maker Art Technology Group Inc. for $1 billion in cash.
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
Nissan Unveils Electric Two-Seat Concept Car
Nissan showed a two-seater electric vehicle resembling a go-cart Monday that isn't ready for sale but spotlights the Japanese automaker's ambitions
Amazon to Pay Publishers 70% on Kindle Sales
Amazon.com Inc. said Monday it will start paying publishers more when they sell magazines and newspapers on its Kindle electronic reader.
Phone Books Soon to Become Cultural Relics
What's black and white and read all over? Not the white pages, which is why regulators have begun granting telecommunications companies the go-ahead
Bollywood Takes Bigger Role in Hollywood
Hollywood and Bollywood have come together to create a Los Angeles-India Film Council to attract more Indian moviemakers to L.A.
Foreclosures Fall 9% on Procedural Hitch
The number of U.S. homes repossessed by lenders last month fell by the sharpest margin this year, as several major lenders temporarily halted most
Cisco Outlook Raises Fears of Slipping Competitiveness
Cisco Systems Inc. has given a disappointing sales forecast for the second quarter in a row, raising doubts about the network equipment maker's
Budget Deficit Hits $140.4 Bil. for October
The federal government began the new budget year with a deficit that fell 20 percent from a year ago but still the third highest October ...
Bullish Google Gives 10% Raise to Everyone
Google Inc. is showing it still knows how to make its employees feel special: It is giving all 23,300 of them 10 percent raises next ...
Jobless Claims Fall to Lowest Level in 4 Months
Fewer people applied for unemployment aid last week, the third drop in four weeks.
Nikkei, KOSPI Up As China Tightens Bank Lending
World markets mostly fell Wednesday after China's central bank announced it will raise the amount of cash that banks have to hold in reserve
Boeing 787 Test Flight Makes Emergency Landing
A Boeing 787 jetliner on a test flight over Texas made an emergency landing Tuesday after smoke was detected in the main cabin, the latest ...
Vietnam Left Out of Foreign Capital Inflows
Vietnam isn't experiencing the growing influx of foreign investment capital of its southeast Asian neighbors, apparently due to the perceived risk
Overseas Filipinos to Remit $21.3 Bil. in 2010
Overseas Filipino Workers (OFW) will remit $21.3 bil. this year, making the Philippines the world's fourth biggest recipient of remittances, according to the World
Tata Motors Profits Surge on Jaguar, Land Rover Sales
Tata Motors' consolidated profits surged on robust global demand for Jaguar and Land Rover as the once-troubled luxury brands enjoyed their
Chevron to Buy Atlas Energy for $4.3 Bil.
Chevron will buy natural producer Atlas Energy Inc. in a cash-and-stock deal worth $3.2 billion, the companies said Tuesday.
Economic Stress at Lowest Level in 16 Months
The nation's economic stress fell in September to a 16-month low, thanks to more hiring in New England, fewer foreclosures in the mid-Atlantic
China Inflation Expected to Subside in 2nd Half
China's inflation rate will fall in the second half of the year thanks to higher pork and grain production, said a domestic economist Saturday.
Windows Smart Phones Released by AT&T, T-Mobile
Smart phones running Microsoft's new software are now available for AT&T Inc. and T-Mobile USA customers.
Hard Times Strip Away Old Shopping Stigmas
The Goodwill store in this middle-class New York suburb is buzzing on a recent weekend afternoon. A steady flow of shoppers comb through racks filled
German Exports Surged 22.5% in September
Germany's Federal Statistics Office says exports rose 22.5 percent in September compared the same month a year ago as the country continues
China Criticizes Fed's Bond Repurchase Plan
The U.S. Federal Reserve's move to pump hundreds of billions of dollars into the financial system will bring greater volatility to markets worldwide
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 ...
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