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Windows 7 Sales Fantastic in Japan Says Ballmer

Sales of Microsoft Corp.'s new Windows 7 operating system have been "fantastic" in Japan since its launch last month, CEO Steve Ballmer said Thursday.

AIG Posts Profit for 2nd Consecutive Quarter

AIG says it was profitable for the second straight quarter as its core insurance operations continue to stabilize after being bailed out by the government ...

GM Decision to Keep Opel Arouses Indignation

Workers at automaker Opel planned walkouts to protest General Motor Co.'s decision not to sell the European subsidiary, while Germany's government vowed Wednesday to recover ...

Nissan Returns to Profit on China Sales Growth

Struggling Japanese automaker Nissan Motor Co. said Wednesday it climbed back into the black in the latest quarter and predicted a smaller yearly loss

iPhone Has Disappointing China Debut

Apple Inc.'s local partner has sold 5,000 iPhones since the smart phone's formal weekend debut in China, a lackluster start after analysts warned the company ...

Disney Theme Park Approved for Shanghai

China's planning agency has approved plans for a Disney theme park in Shanghai, the Walt Disney Co. said Wednesday, a major step toward setting a ...

Walmart.com Challenges Amazon in Book Price War

It was a weird day in the book price wars. The cost of John Grisham's "Ford County," officially released Tuesday, moved up and down like ...

Sales Data Show Auto Industry Stabilizing

After months of roller-coaster results, the U.S. auto industry showed signs of stability in October.

Buffett Buys Burlington Northern for $34 Bil.

Warren Buffett's Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp., making a $34 billion bet on the future of the ...

Ford Sales Rose 3% in October on Strong Demand

Strong demand for cars and crossovers lifted Ford's U.S. sales 3 percent in October, a positive sign for automakers who are hoping a healthier economy ...

World Markets Boosted by G-20 Stimulus Pledge

World stock markets rose Monday and the dollar fell sharply against the euro after the Group of 20 leading rich and developing countries agreed to ...

U.S. Recovery Threatened by Unemployment Says World Bank

Stubbornly high joblessness threatens to trigger loan defaults and drag on consumption next year, hobbling a U.S. economy struggling to rebound from recession

GM Chief Engineer Relieved Opel Staying with GM

When General Motors Co.'s board halted the sale of the company's European car business last week, no one was happier than the automaker's chief engineer.

Adobe to Cut 680 Full-Time Jobs

dobe Systems said Tuesday it is cutting 680 full-time jobs, or about 9 percent of its work force, to align costs with its fiscal 2010 ...

New England Recovery Slower Than Nation's

The worst of the recession may be over, but a new economic forecast points to a "slow and weak recovery" in the New England states, ...

Asia Stocks Rise on Wall Street Surge

Asian stocks extended their gains Tuesday after Wall Street touched its highest level for 2009 amid optimism low interest rates would continue to power this ...

Cisco Systems Borrows $5 Bil.to Fuel Buying Binge

Cisco Systems Inc., the world's largest maker of computer networking equipment, said Monday it will sell three series of senior unsecured notes worth a total ...

Sprint to Cut Up to 2,500 Jobs

Sprint Nextel Corp. on Monday said it will cut 2,000 to 2,500 jobs, mostly before the end of the year, as it keeps losing subscribers.

Google to Buy Ad Mob for $750 Mil.

Google Inc. is stepping up its push to sell advertising on cell phones, announcing a deal Monday to buy a mobile ad network, AdMob, for ...

Comcast to Launch E! News Asia in Hong Kong

One of America's best-known entertainment news shows is launching an Asian edition. Los Angeles-based E! Entertainment Television will launch a weekly half-hour edition

China Car Sales Jump 72% in October

Powered by tax cuts and stimulus spending, China's October auto sales soared 72 percent from a year earlier, outpacing U.S. sales for another month

Northrop Sells TASC to Fund Stock Buyback Increase

Northrop Grumman said Sunday it agreed to sell its advisory services business TASC Inc. to private equity firm General Atlantic LLC and affiliates of Kohlberg ...

Fry's, Safeway Prepare for Possible Strike

In less than a week, unionized workers at two Arizona grocery store chains may be walking a picket line instead of stocking shelves and cutting ...

Unemployed Suffer More Now Than in 1982

It hurts more to be unemployed now than the last time the jobless rate hit 10 percent.

India Hopes to Top 7% Growth Rate in 2010

The Indian government is pushing ahead with economic reforms aimed at achieving a growth rate of more than 7 percent next year but will make ...

CBS Sees Ad Sales Bouncing Back

The sale of popular TV shows partly offset a drop in third-quarter advertising revenue at CBS Corp. but the company said ad trends are improving ...

Recovery Won't Keep Unemployment from Passing 10%

The economy is rebounding from its deepest slump since the 1930s, but it probably won't seem that way when the government releases its monthly employment ...

Japan Carmakers Report Record China Production

Japanese automakers are experiencing a production boom in China with Toyota, Honda and Nissan setting records for September — the latest signs of an emerging ...

Alcoa Working with China on Jetliner Development

Alcoa Inc. said Thursday it is working with China on the development of the country's newest and biggest commercial jetliner.

Asia Stocks Continue Slide on Weak U.S. Data

Asian stock markets fell for a third day Thursday after signs of weakness in the U.S. housing market added to fears about the health of ...

Oil Prices Slump on Surprising Gas Supplies

Oil prices hung below $78 a barrel Thursday in Asia as an unexpected jump in U.S. gasoline supplies cast doubt on the strength of a ...

Q3 Data to Show Recession Ended but Doubts Persist

The economy appears back on its feet after being knocked over by the worst recession since the 1930s.

CIT Group Gets $4.5 Bil. More to Restructure Debt

CIT Group Inc., one of the nation's largest lenders to small and mid-sized businesses, said Wednesday it received $4.5 billion in credit from its own ...

New Home Sales Fall Unexpectedly

Shares of homebuilders slid Wednesday as new home sales dropped for the first time in five months.

GM to Post Sales Gains for First Time in 21 Months

General Motors Co. is likely to post its first year-over-year monthly sales gain in 21 months when automakers report sales figures on Tuesday, a top ...

China's Geely in Talks to Buy Volvo from Ford

Ford Motor Co. has picked a consortium led by China's Geely Group as the preferred bidder to buy its Swedish Volvo Cars unit, the U.S. ...

Hawaii Gov to Woo Big Spenders from China

Gov. Linda Lingle will leave on Friday for a two-week excursion to China where she intends to sell Hawaii as a tourism destination and to ...

Asian Markets Fall on U.S. Consumer Sentiment

Global stock markets dropped Wednesday as more signs American consumers were struggling undermined hopes for a stronger turnaround in the world's largest economy.

Ex-AMD CEO Fingered As Leaker in Galleon Case

Chip maker Advanced Micro Devices Inc. is "thoroughly reviewing" published reports fingering former chairman and CEO Hector Ruiz as the AMD executive who gave confidential ...

GMAC in Talks with Treasury for 3rd Round of Bailout

GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline ...

7 Calif Cities Top Nation in Median Home Values

Many college graduates are passing up industrial centers and former hotspots in the Southwest, which have been hit hard by the recession, in favor of ...

Bill Zeroes in on Overseas Tax-Dodge Schemes

Key lawmakers unveiled a bill Tuesday aiming to crack down on wealthy tax dodgers hiding money overseas.

IBM Adds $5 Bil. to Share Buyback Program

IBM Corp. has boosted its stock buyback program by $5 billion, a sign of the company's ability to spit out cash despite the fact the ...

Nissan Unveils New Platform for Global Minicars

It has become a vexing, billion-dollar question for the world's automakers: How do you build small, cheap cars profitably?

Honda Avoids Loss, Forecasts Surprising Profits

Japanese government incentives for green cars and strong sales in China helped Honda Motor Co. avoid red ink for the first half and raise its ...

AIG Scraps Plans to Sell Japanese Units

American International Group Inc. has dropped plans to sell two Japanese subsidiaries, according to a published report

Ford to Raise $3.3 Bil. Through Stocks, Debt

Ford Motor Co. said Monday it will ask its lenders for extra time to repay at least some of the $10.1 billion borrowed under a ...

China Movie Studio to Seek Listing on NYSE

A third leading Chinese movie studio is aiming for a listing — this time on the New York Stock Exchange — as the country's entertainment ...

Asian Stocks Fall on Doubts About U.S. Recovery

Asian stock markets were mostly lower Tuesday despite improvement in U.S. manufacturing as doubts lingered about the durability of a rebound in the world's largest ...

Economic Data Boost Hope Recovery Gaining Momentum

Hopes for the fledgling economic recovery got a boost Monday from better-than-expected news on manufacturing, construction and contracts to buy homes.