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Australian Coal Miner Inks Record Export Deal with China

Australian company Resourcehouse Ltd. said Saturday that it has struck a $60 billion, 20-year agreement to supply coal to China Power International Development Ltd.

Indian Man Pleads Guilty to Stock Brokerage Hacking Scheme

An Indian man has pleaded guilty to participating in a scheme to access online brokerage accounts to jack up stock prices and reap thousands of ...

Dollar Surges Against Euro on Greek Debt Crisis

The dollar surged Friday to its highest level against the euro since last May as the U.S. lost more jobs in January and amid mounting ...

Surprise Drop in Jobless Soothes Jumpy Markets

European stock markets and Wall Street futures pared losses Friday after a surprise fall in the U.S. unemployment rate, but investors remained worried

Toyota Chairman Apologizes for Brake Worries

Toyota's president apologized Friday for the massive global recalls over sticking gas pedals as the automaker scrambles to repair a damaged reputation

BMW Sales More Than Double in China

Automaker BMW AG, the world's biggest maker of luxury cars, said Friday that its January sales in China more than doubled from a year earlier.

Korea Posts Biggest Export Jump in 21 Years

South Korea's exports surged in January, posting their biggest gain in more two than decades as shipments of auto parts, semiconductors and consumer

Toyota Expands Recall to Priuses Sold in U.S., Japan

Toyota will recall 270,000 Prius hybrid vehicles over brake problems in the United States and Japan, a report said Friday

Feds Oppose Google's Digital Book Deal

The U.S. Justice Department still thinks a proposal to give Google the digital rights to millions of hard-to-find books threatens to stifle competition and undermine ...

IPO Market Suddenly Looks Less Promising

Two IPOs expected to start trading Thursday were delayed as world financial markets continued to decline on concern about the pace of the global economic ...

Southwest Expects Record Revenues in 2010

Last year Southwest Airlines' revenue shrank for the first time ever. Now the CEO says it could rebound with record revenue in 2010.

Firms Boost Productivity Instead of Hiring

Employers are managing to boost production without creating new jobs. The question is when they'll feel the need to ramp up hiring.

18 Charged in Theft of Samsung Chip Technology

The world's top producers of computer memory chips are embroiled in an apparent case of industrial espionage after South Korean prosecutors indicted 18

Toyota Says Flaw in Prius Brakes Fixed Last Month

Toyota acknowledged design problems with the brakes in its prized Prius, adding to the catalog of woes for the Japanese automaker as it reels

Apple Tablet Could Stimulate Video Game Business

When Apple introduced the iPhone, it shook up the cell phone business but it also changed the way people play video games. About a quarter ...

Apple Unveils $499 iPad Tablet

Apple CEO Steve Jobs unveiled the company's much-anticipated iPad tablet computer Wednesday, calling it a new third category of mobile device

Caterpillar Expects Sales Rebound After Dismal Q4

Caterpillar, the world's biggest mining and construction equipment company, says fourth-quarter profit was dragged down by the sluggish economy

Canon Profits Quintuple on Booming Camera Sales

Canon's fourth quarter net profit soared more than fivefold from a year earlier, as global stimulus measures helped drive demand for new cameras.

Japan Exports Show First Growth in 15 Months

Japan's exports grew for the first time in 15 months in December as robust Asian demand fueled recovery in the world's second-biggest economy.

China Reassures Phone Companies on Google Android

China tried Wednesday to assure mobile phone companies using Google's Android operating system that they won't be hurt by a dispute

Toyota Halts Sales of Some Models for Repairs

The faulty gas pedals that prompted Toyota to suspend U.S. sales of eight of its most popular models — including the Camry

Target Pulls Farmed Salmon from Shelves, Sushi

Target Corp., the nation's second-largest discounter after Wal-Mart Stores Inc., said Tuesday that it pulled all farmed salmon from its stores

GM to Build Its Own Electric Motors

General Motors wants smaller, lighter, more powerful electric motors for its cars and trucks, and the way to get them is to make them

Japan Retail Sales Down for 16th Month in December

Japanese retail sales declined for the 16th month in December, as consumers in the world's second biggest economy stayed cautious amid falling wages

GM Agrees to Sell Saab to Spyker Cars

General Motors Co. said Tuesday it has reached an agreement to sell its struggling Saab Automobile arm to the small Dutch luxury carmaker

Corning Profits Triple on Surging TV, Monitor Sales

Corning Inc. said Tuesday its profit almost tripled in the fourth quarter on surging sales of glass for flat-screen televisions and computers.

DuPont Profits Soar on Record Asia Demand

Improved sales across its global markets and lower raw material and energy costs led to a fourth-quarter turnaround for DuPont

Delta Q4 Loss Shrinks to $25 Mil.

Delta Air Lines posted a $25 million net loss for the final three months of 2009, much smaller than a year earlier.

UK Economy Grew Just 0.1% in Q4

Britain's worst recession since World War II is officially over — but only just.

Air New Zealand Offers Bed Seat in Economy

Air New Zealand said Tuesday it will set a new benchmark for longhaul flights by offering beds in economy class, but they come with a ...

Toyota Expects Sales to Grow to 8.27 Mil.

Toyota said Tuesday it plans to sell 8.27 million vehicles worldwide this year, up 6 percent from 2009, showing the world's No. 1 automaker is ...

Shiseido Starts $1.7 Bil. Offer for Bare Escentuals

Japanese cosmetics maker Shiseido Co. said Monday it has started a tender offer to buy all outstanding shares of Bare Escentuals

Japan's Prices, Wages Continue Falling

Japanese prices and wages continued to fall in December as deflation deepened its grip on the world's second biggest economy. Core consumer prices fell 1.3 ...

China Manufacturing Grows Despite Tighter Lending

China's manufacturing expanded in January and the outlook was positive despite government efforts to cool inflation by tightening control

Jobless Rate Unlikely to Be Cut Much in 2010

The economy's 5.7 percent growth last quarter — the fastest pace since 2003 — was a step toward shrinking the nation's 10 percent unemployment rate.

Selling on Good News Means Dips for Stocks

It's the spoiled brat market. Dozens of companies this past month posted blow-out earnings but instead of being thankful, investors stomped their feet and sold.

Japan Inc Pays High Price of Smugness

Toyota is the latest Japanese corporate icon making headlines for all the wrong reasons.

Toyota Gas Pedal Fix Gets U.S. Government Blessing

Toyota Motor Corp. plans to start sending parts to dealers in the coming days to fix a sticky gas pedal problem that has tarnished its ...

Surprising GDP Growth Cheers Markets

The economy's faster-than-expected growth at the end of last year, powered by companies replenishing stockpiles, is likely to weaken as consumers

Samsung Emerges As World's Biggest Tech Giant

Samsung Electronics Co. returned to profit in the fourth quarter as demand for flat screen televisions and mobile phones helped push sales to a record ...

Nintendo Chief Discounts Apple iPad Significance

Nintendo's president shrugged off the just unveiled iPad tablet computer from Apple as delivering "no surprises," and displayed as little enthusiasm

Toyota Expected to Announce Prius Recall

Toyota said Sunday that it will soon announce plans to deal with braking problems in its prized Prius hybrid amid reports it has decided to ...

Jobless Claims, Durable Orders Hint at Slow Recovery

Evidence that the economic rebound remains sluggish emerged from reports Thursday on new claims for unemployment aid and orders to U.S. factories.

Estee Lauder Profits Surge 62% on Asia Growth

Growth in Asia and a cost-cutting worldwide program helped Estee Lauder's second-quarter profit rise 62 percent

Ford Surprises with $2.7 Bil. Profits for 2009

Ford Motor Co. made $2.7 billion in 2009, its first annual profit in four years.

Smart Phones Boost Nokia Profits 65%

The world's biggest mobile phone maker, Nokia Corp., on Thursday said strong sales of smart phones and lower costs helped profits rise 65 percent

Toyota Extends Recall to Europe, China

Toyota says it is recalling 75,500 vehicles in China for the same gas pedal problem behind the U.S. and European recalls.

Hyundai Profits Quadruple on Growth in China, India

Hyundai Motor's net profit nearly quadrupled in the fourth quarter on higher sales following a strong performance during 2009

Blatant Imitations of Google, YouTube Start Up in China

Imitation Web sites of both Google and YouTube have emerged in China as the country faces off against the real Google over its local operations.

Eurozone Exports Shrank 18% in 2009

Eurozone exports fell 18 percent in 2009 as world trade contracted and the euro soared against the U.S. dollar, according to official EU data published ...