S&P Downgrades Southwest Airlines
Standard & Poor's downgraded Southwest Airlines Co. one notch on Wednesday, citing lower demand for travel and weak pricing that have cut into the company's ...
Business
Stocks Rise as Earnings Beat Views
Investors found a fresh appetite for stocks Monday after a handful of earnings reports revived hopes that the economy is improving.
Asia Stocks Up, Europe Down on U.S. Earnings
Most Asian stock markets climbed Tuesday as a rash of better-than-expected earnings reports from major U.S. companies buttressed confidence in the world economy. European markets ...
Toyota Pushes into Hyundai Country
Toyota is making a push into South Korea — the home market of international rival Hyundai Motor Co. — introducing four models including the Camry ...
Toyota Unveils Bigger Hybrid-Only Model
Toyota Motor Corp. has unveiled a more expensive and bigger hybrid-only model than its hit Prius, underlining the Japanese automaker's ambitions to make green technology ...
China Crosses 10 Mil. A Year Auto Production Mark
China's annual auto production surpassed 10 million for the first time on Tuesday, as a new "Liberation" model truck rolled off the assembly line at ...
Video Game Sales Improve in September
After six straight months of double-digit declines, U.S. video game sales finally saw an improvement in September. But the rebound was much more muted than ...
Honda May Move Fit Production to U.S.
Honda Motor Co. says it may move production of the popular Fit hatchback to the U.S. to offset the effects of a stronger yen. Spokesman ...
Morgan Stanley Sells Consumer Unit to Invesco
Morgan Stanley said Tuesday it will sell its retail asset management business, including the Van Kampen division, to money manager Invesco Ltd. for $1.5 billion ...
Apple Earnings Surge 47% on iPhone Sales
Apple Inc. increased its net income 47 percent in the most recent quarter as more people bought Mac computers and gave in to the iPhone ...
GM Kills Off Saturn
For those who expected General Motors' once-funky Saturn brand to live on with a new owner, there has been a sad twist. Saturn, once billed ...
JAL Shares Surge on Gov't Rescue Plan
Shares of Japan Airlines surged nearly 12 percent Monday following a report the government is expediting a rescue for the struggling carrier.
China Growth Over 7% for Jan-Sept 2009
China's economy expanded more than 7 percent in the first nine months of the year and will certainly surpass the 2009 growth target of 8 ...
Asia Stocks Rise Eyeing U.S., China Earnings
Asian stock markets were mostly higher Monday as investors looked to bellwether U.S. companies and China for guideposts to the strength of recovery in two ...
Wall Street Awaits Earnings of Consumer Bellwethers
After getting worrisome signs about consumers from bankers' earnings reports, investors will be looking at a broad range of companies this week for further insights ...
Chevron Announces New Gas Find Off Australia
Energy company Chevron Corp. said Sunday it has made an additional discovery of natural gas in the giant Gorgon gas field being developed off the ...
States Sue Feds for Billions in Unclaimed Savings Bonds
The federal government is facing a lawsuit over billions in unclaimed bonds that date back to the patriotic fundraising efforts of World War II, leading ...
India's Natural Gas Tied Up by Brothers' $17 Bil. Fued
An ashen Anil Ambani, one of the world's richest men, stood before a clutter of television cameras, close to tears. "There is only pain, hurt ...
Japan's Q2 Growth Was Weaker Than Estimated
Japan's growth in the second quarter was weaker than initially thought, but government figures still show that the world's second largest economy has managed to ...
Last U.S. China Maker Survives on Vintage Design
Born of the Great Depression, it was a glossy, color-saturated line of cups, bowls and plates meant to affordably brighten lives and dinner tables. Seven ...
American, Delta Mull Stake in JAL
American Airlines parent AMR Corp. is negotiating for closer ties and possibly an investment in financially troubled Japan Airlines Corp., according to a person familiar ...
Airlines Cut Flights to Lowest Level Since 2001
The U.S. airline industry is shrinking to a size not seen since the months after the 2001 terror attacks. The airlines have been trimming flights ...
Struggling JAL Considers Tieup with Air France-KLM
Struggling Japan Airlines Corp. has entered talks with Air France-KLM over a capital tie-up, a newspaper said Saturday. Asia's biggest airline hopes to expand its ...
GM Rescinds Spring's White-Collar Pay Cuts
General Motors Co. has rescinded white-collar pay cuts it made last spring as it desperately tried to conserve cash and avoid filing for bankruptcy protection. ...
World Stocks Rise on Good News from China, U.S.
European and Asian stock markets rose Friday on strong economic data from China and comments by U.S. Treasury Secretary Timothy Geithner, who said the financial ...
China Output, Consumer Spending Surged in August
China's recovery gained momentum in August as stimulus spending helped boost industrial output, investment and retail sales in the world's third-largest economy, offsetting a slump ...
China's Exports, Trade Surplus Fell in August
China's exports languished in August, contracting 23 percent, increasing the onus on Beijing's massive stimulus spending to drive an economic recovery. Customs data released Friday ...
U.S. Banks Return to Risky Investments
A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk. Goldman Sachs, JPMorgan Chase and ...
GM Kicks Off Aggressive Money-Back Campaign
General Motors kicks off a marketing campaign next week pitched by its new chairman and featuring a money-back guarantee — unsatisfied car buyers can get ...
Chinese Gov't to Help Finish Revel's Atlantic City Casino
Revel Entertainment has turned to the Chinese government for help finishing its lavish Atlantic City casino. China State Construction Engineering Corp., the construction arm of ...
Trade, Jobless Data Support Recovery Optimism
The U.S. trade deficit in July hit the highest level in six months as a record rise in imports outpaced a third straight increase in ...
Rick Niu Promoted to CMO for ING's US Retirement Services
Rick Niu, who has been heading up ING's multicultural growth strategy and execution in the U.S., was promoted to chief marketing officer for ING U.S. ...
China Could Be $1 Tril. Green Tech Market
China potentially could be a $500 billion to $1 trillion a year market for environmentally sustainable "green technologies," a group of businesses and experts said ...
Japanese Machinery Orders Fell 9.3%
Japanese machinery orders, a closely watched indicator of corporate capital spending, fell back in July after rising the previous month, the government said Thursday, suggesting ...
Asia, Europe Rise on Fed Optimism
European and Asian stocks rose Thursday and Wall Street was expected to gain at the open after a Federal Reserve report boosted hopes the U.S. ...
Cal High Court Lets Stand Starbucks Award Reversal
The California Supreme Court will not review a appeals court ruling that wiped out an $86 million judgment against coffee giant Starbucks over tip sharing ...
August Retail Sales Up Mainly on Auto, Gas
Consumers bought hundreds of thousands of cars in August due mainly to the government's popular Cash for Clunkers program, but economists expect Americans didn't boost ...
Manufacturers Lead Growth With Broad-Based Gains
Signaling that manufacturers are leading the economy into a recovery, output from the nation's factories, mines and utilities posted widespread gains in August. In a ...
World Markets Surge on End to U.S. Recession
World stock markets rallied Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. recession was likely over, a view largely supported by recent economic ...
Financial Reform Push Gives Way to Inertia, Complacency
The rule book for Wall Street may not change that much after all. Tougher financial rules that seemed inevitable after last year's crisis have been ...
Cablevision Debuts Interactive Ads on TV
Cablevision Systems Corp. is bringing interactive banner ads to television, allowing viewers to order samples and brochures and even purchase products by clicking the remote ...
IRS Eases Commercial Mortgage Refinancing Rules
The IRS issued new rules Tuesday designed to make it easier to refinance some commercial real estate loans in an effort to curb the number ...
Shane Kim to Retire from 14-Year Post As Xbox Guru
Shane Kim, the Microsoft Corp. executive who oversaw the growth of its video game business from the original Xbox and through such hits as "Halo" ...
Retail, Manufacturing Data Boost Wall Street
Investors waded deeper into the stock market Tuesday as a batch of economic reports provided mostly upbeat signals about the economy. Retail sales jumped in ...
Japan Air Lines Hopes to Conclude Merger Talks Soon
Struggling Japan Airlines Corp. said Tuesday it aims to conclude tie-up talks with foreign carriers by mid-October and announced plans to slash 14 percent of ...
Rhapsody Streaming Music App Okayed for iPhones
RealNetworks Inc.'s subscription music service Rhapsody has been approved for use on iPhones and iPod Touches, the first time Apple Inc. has allowed an on-demand ...
Citi Plans $5 Bil. Stock Offering to Cut Fed Holdings
Citigroup is considering a plan in which the Treasury Department would sell part of its holdings in the bank, while the New York-based company would ...
New Electrics Grab Focus at Frankfurt Auto Show
Sales have plunged, General Motors Co. has emerged from bankruptcy and Chrysler has been taken over by Italy's Fiat. The past year's turbulence will be ...
Yahoo Gains $150 Mil. on Sale of Alibaba Stake
Yahoo has cashed out of its investment in China's leading e-commerce site, Alibaba.com. The sale announced Monday is expected to generate a pretax windfall of ...
JAL Shares Surge on American, Delta Interest
Shares of Japan Airlines Corp. surged Monday amid speculation that American Airlines and Delta Air Lines are vying to buy stakes in the money-losing carrier. ...
S&P Downgrades Southwest Airlines
Standard & Poor's downgraded Southwest Airlines Co. one notch on Wednesday, citing lower demand for travel and weak pricing that have cut into the company's ...
Stocks Rise as Earnings Beat Views
Investors found a fresh appetite for stocks Monday after a handful of earnings reports revived hopes that the economy is improving.
Asia Stocks Up, Europe Down on U.S. Earnings
Most Asian stock markets climbed Tuesday as a rash of better-than-expected earnings reports from major U.S. companies buttressed confidence in the world economy. European markets ...
Toyota Pushes into Hyundai Country
Toyota is making a push into South Korea — the home market of international rival Hyundai Motor Co. — introducing four models including the Camry ...
Toyota Unveils Bigger Hybrid-Only Model
Toyota Motor Corp. has unveiled a more expensive and bigger hybrid-only model than its hit Prius, underlining the Japanese automaker's ambitions to make green technology ...
China Crosses 10 Mil. A Year Auto Production Mark
China's annual auto production surpassed 10 million for the first time on Tuesday, as a new "Liberation" model truck rolled off the assembly line at ...
Video Game Sales Improve in September
After six straight months of double-digit declines, U.S. video game sales finally saw an improvement in September. But the rebound was much more muted than ...
Honda May Move Fit Production to U.S.
Honda Motor Co. says it may move production of the popular Fit hatchback to the U.S. to offset the effects of a stronger yen. Spokesman ...
Morgan Stanley Sells Consumer Unit to Invesco
Morgan Stanley said Tuesday it will sell its retail asset management business, including the Van Kampen division, to money manager Invesco Ltd. for $1.5 billion ...
Apple Earnings Surge 47% on iPhone Sales
Apple Inc. increased its net income 47 percent in the most recent quarter as more people bought Mac computers and gave in to the iPhone ...
GM Kills Off Saturn
For those who expected General Motors' once-funky Saturn brand to live on with a new owner, there has been a sad twist. Saturn, once billed ...
JAL Shares Surge on Gov't Rescue Plan
Shares of Japan Airlines surged nearly 12 percent Monday following a report the government is expediting a rescue for the struggling carrier.
China Growth Over 7% for Jan-Sept 2009
China's economy expanded more than 7 percent in the first nine months of the year and will certainly surpass the 2009 growth target of 8 ...
Asia Stocks Rise Eyeing U.S., China Earnings
Asian stock markets were mostly higher Monday as investors looked to bellwether U.S. companies and China for guideposts to the strength of recovery in two ...
Wall Street Awaits Earnings of Consumer Bellwethers
After getting worrisome signs about consumers from bankers' earnings reports, investors will be looking at a broad range of companies this week for further insights ...
Chevron Announces New Gas Find Off Australia
Energy company Chevron Corp. said Sunday it has made an additional discovery of natural gas in the giant Gorgon gas field being developed off the ...
States Sue Feds for Billions in Unclaimed Savings Bonds
The federal government is facing a lawsuit over billions in unclaimed bonds that date back to the patriotic fundraising efforts of World War II, leading ...
India's Natural Gas Tied Up by Brothers' $17 Bil. Fued
An ashen Anil Ambani, one of the world's richest men, stood before a clutter of television cameras, close to tears. "There is only pain, hurt ...
Japan's Q2 Growth Was Weaker Than Estimated
Japan's growth in the second quarter was weaker than initially thought, but government figures still show that the world's second largest economy has managed to ...
Last U.S. China Maker Survives on Vintage Design
Born of the Great Depression, it was a glossy, color-saturated line of cups, bowls and plates meant to affordably brighten lives and dinner tables. Seven ...
American, Delta Mull Stake in JAL
American Airlines parent AMR Corp. is negotiating for closer ties and possibly an investment in financially troubled Japan Airlines Corp., according to a person familiar ...
Airlines Cut Flights to Lowest Level Since 2001
The U.S. airline industry is shrinking to a size not seen since the months after the 2001 terror attacks. The airlines have been trimming flights ...
Struggling JAL Considers Tieup with Air France-KLM
Struggling Japan Airlines Corp. has entered talks with Air France-KLM over a capital tie-up, a newspaper said Saturday. Asia's biggest airline hopes to expand its ...
GM Rescinds Spring's White-Collar Pay Cuts
General Motors Co. has rescinded white-collar pay cuts it made last spring as it desperately tried to conserve cash and avoid filing for bankruptcy protection. ...
World Stocks Rise on Good News from China, U.S.
European and Asian stock markets rose Friday on strong economic data from China and comments by U.S. Treasury Secretary Timothy Geithner, who said the financial ...
China Output, Consumer Spending Surged in August
China's recovery gained momentum in August as stimulus spending helped boost industrial output, investment and retail sales in the world's third-largest economy, offsetting a slump ...
China's Exports, Trade Surplus Fell in August
China's exports languished in August, contracting 23 percent, increasing the onus on Beijing's massive stimulus spending to drive an economic recovery. Customs data released Friday ...
U.S. Banks Return to Risky Investments
A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk. Goldman Sachs, JPMorgan Chase and ...
GM Kicks Off Aggressive Money-Back Campaign
General Motors kicks off a marketing campaign next week pitched by its new chairman and featuring a money-back guarantee — unsatisfied car buyers can get ...
Chinese Gov't to Help Finish Revel's Atlantic City Casino
Revel Entertainment has turned to the Chinese government for help finishing its lavish Atlantic City casino. China State Construction Engineering Corp., the construction arm of ...
Trade, Jobless Data Support Recovery Optimism
The U.S. trade deficit in July hit the highest level in six months as a record rise in imports outpaced a third straight increase in ...
Rick Niu Promoted to CMO for ING's US Retirement Services
Rick Niu, who has been heading up ING's multicultural growth strategy and execution in the U.S., was promoted to chief marketing officer for ING U.S. ...
China Could Be $1 Tril. Green Tech Market
China potentially could be a $500 billion to $1 trillion a year market for environmentally sustainable "green technologies," a group of businesses and experts said ...
Japanese Machinery Orders Fell 9.3%
Japanese machinery orders, a closely watched indicator of corporate capital spending, fell back in July after rising the previous month, the government said Thursday, suggesting ...
Asia, Europe Rise on Fed Optimism
European and Asian stocks rose Thursday and Wall Street was expected to gain at the open after a Federal Reserve report boosted hopes the U.S. ...
Cal High Court Lets Stand Starbucks Award Reversal
The California Supreme Court will not review a appeals court ruling that wiped out an $86 million judgment against coffee giant Starbucks over tip sharing ...
August Retail Sales Up Mainly on Auto, Gas
Consumers bought hundreds of thousands of cars in August due mainly to the government's popular Cash for Clunkers program, but economists expect Americans didn't boost ...
Manufacturers Lead Growth With Broad-Based Gains
Signaling that manufacturers are leading the economy into a recovery, output from the nation's factories, mines and utilities posted widespread gains in August. In a ...
World Markets Surge on End to U.S. Recession
World stock markets rallied Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. recession was likely over, a view largely supported by recent economic ...
Financial Reform Push Gives Way to Inertia, Complacency
The rule book for Wall Street may not change that much after all. Tougher financial rules that seemed inevitable after last year's crisis have been ...
Cablevision Debuts Interactive Ads on TV
Cablevision Systems Corp. is bringing interactive banner ads to television, allowing viewers to order samples and brochures and even purchase products by clicking the remote ...
IRS Eases Commercial Mortgage Refinancing Rules
The IRS issued new rules Tuesday designed to make it easier to refinance some commercial real estate loans in an effort to curb the number ...
Shane Kim to Retire from 14-Year Post As Xbox Guru
Shane Kim, the Microsoft Corp. executive who oversaw the growth of its video game business from the original Xbox and through such hits as "Halo" ...
Retail, Manufacturing Data Boost Wall Street
Investors waded deeper into the stock market Tuesday as a batch of economic reports provided mostly upbeat signals about the economy. Retail sales jumped in ...
Japan Air Lines Hopes to Conclude Merger Talks Soon
Struggling Japan Airlines Corp. said Tuesday it aims to conclude tie-up talks with foreign carriers by mid-October and announced plans to slash 14 percent of ...
Rhapsody Streaming Music App Okayed for iPhones
RealNetworks Inc.'s subscription music service Rhapsody has been approved for use on iPhones and iPod Touches, the first time Apple Inc. has allowed an on-demand ...
Citi Plans $5 Bil. Stock Offering to Cut Fed Holdings
Citigroup is considering a plan in which the Treasury Department would sell part of its holdings in the bank, while the New York-based company would ...
New Electrics Grab Focus at Frankfurt Auto Show
Sales have plunged, General Motors Co. has emerged from bankruptcy and Chrysler has been taken over by Italy's Fiat. The past year's turbulence will be ...
Yahoo Gains $150 Mil. on Sale of Alibaba Stake
Yahoo has cashed out of its investment in China's leading e-commerce site, Alibaba.com. The sale announced Monday is expected to generate a pretax windfall of ...
JAL Shares Surge on American, Delta Interest
Shares of Japan Airlines Corp. surged Monday amid speculation that American Airlines and Delta Air Lines are vying to buy stakes in the money-losing carrier. ...
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