BP Raises $7 Bil. with Asset Sale to Apache
BP PLC is moving quickly to secure the money it needs to pay for the spill in the Gulf of Mexico. Just weeks after promising ...
Business
LightSquared to Offer 4G Wireless Network Across US
U.S. consumers and businesses may get more options in wireless service starting next year, with the launch of a new wireless broadband
Asia Stocks Rise, Europe Falls on Goldman Earnings
European stocks and Wall Street futures fell Tuesday after lower than expected earnings from U.S. investment bank Goldman Sachs
$21 Bil. in Plane Orders Signals Airline Recovery
Airbus says that Hong Kong Airlines intends to buy $5.7 billion of its widebody A350 and A330 planes.
PepsiCo Revenues Soar on Overseas Growth
Foreign currency fluctuations pushed down PepsiCo Inc.'s second-quarter net income 3 percent, even though revenue soared
Toyota Subpoenaed on Steering Rod Defect
Toyota Motor Corp. said Tuesday it has been subpoenaed by a federal grand jury in New York to submit documents related to problems with rods
Morgan Stanley Reports Big Income Jump
Morgan Stanley says its second-quarter net income jumped to $1.58 billion, easily topping forecasts as its Smith Barney brokerage
China Should Boost Interest Rates Says ADB
China should boost interest rates or allow its currency to strengthen to help curb inflation pressures, the Asian Development Bank said Tuesday.
IBM Posts Higher Q2 Profits, Raises 2010 Guidance
IBM Corp. jacked up its 2010 guidance Monday on the technology company's belief that it can wring more profit from its workhorse
Stock Market Moves Up Despite Weak Housing Data
Stocks rose modestly Monday as investors bought selectively following the market's big slide last week. The Dow Jones
Delta Posts $467 Mil. Q2 Profits
Delta Air Lines reversed a second-quarter loss with what it says is its largest quarterly profit in a decade thanks to strong passenger revenue.
Nokia Siemens Buys Motorola Network
Nokia Siemens Networks says it will acquire the majority of Motorola's wireless operations in a $1.2 billion deal.
Halliburton Profits Jump 83%
Halliburton Co. says its second-quarter profit soared 83 percent as natural gas drilling activity picked up in the U.S.
Moody's Cuts Ireland Credit Rating
The Moody's agency cut Ireland's credit rating Monday, citing the country's swelling national debt, the unpredictable cost of its bank-bailout plans
Europe Stocks Anticipate Wall Street Rebound
European stock markets rose Monday as investors looked past a downgrade of Ireland's public debt and instead bet on a rebound on Wall Street
Nokia Earnings Fall 40% on Flat Sales
Nokia Corp. said Thursday that second-quarter net profit fell 40 percent to euro227 million ($290 million) as the world's largest mobile phone
Wipro Reports 31% Profit Surge on Global Demand
Indian software services firm Wipro Ltd. said quarterly profit jumped 31 percent to 13.19 billion rupees ($284 million), beating expectations
Dell Pays $100 Mil. to Settle SEC Suit
Computer maker Dell Inc. is paying $100 million to settle civil charges that it fraudulently used payments from Intel to pump up its profits
Caterpillar Earnings Double on Strong Overseas Sales
Caterpillar's second-quarter earnings shot up 91 percent with the heavy machinery manufacturer reporting robust sales of equipment for industries
Mortgage Rates Hit New Record Low
Mortgage rates fell to a new record low for the fourth time in five weeks. But low rates haven't been enough to lift a struggling ...
AT&T Earnings Up 26% on Wireless Growth
AT&T Inc. said Thursday that its earnings rose 26 percent in the latest quarter and raised its forecast for the year, helped by its iPhone-fueled ...
Existing Home Sales Fall 5.1%, Prices Rise
Sales of previously occupied homes fell in June and are expected to keep sinking, indicating that the housing market's troubles
Jobless Claims Jump by 37,000
Seasonal factors boosted new requests for unemployment benefits last week as the job market remains weak amid a slow economic recovery.
GM to Pay $3.5 Bil. for Finance Company
General Motors Co. will buy AmeriCredit Corp. for $3.5 billion, a deal that allows the automaker to expand loans to customers with poor credit
Amazon's Lighter, Cheaper Kindle Adds Wi-Fi Access
Jeff Bezos isn't just confident you'll want a Kindle e-book reader. The CEO of Amazon.com is bracing for a future in which you'll also want ...
World Stocks Up on Earnings, European Growth
World stock markets brushed aside a downbeat assessment of the U.S. outlook from Federal Reserve chairman Ben Bernanke
Foxconn Hikes Prices to Cover Wage Increases
Foxconn Technology Group, which makes iPhones and other gadgets for global technology companies, plans to charge them more to partly
Flipboard iPad App Makes Magazines from Links
Apple Inc.'s iPad has hatched a new breed of magazines, one filled with a constantly changing mix of articles, photos and videos
US Airways Posts Big Profit, AMR Cuts Loss
US Airways joined Delta and United in posting a big second-quarter profit. American Airlines missed the party.
Tiger Woods Endorsements Fall $22 Mil. in 2010
Tiger Woods' estimated endorsements for 2010 are worth $22 million less than last year, according to Sports Illustrated's annual analysis
Obama Signs Long-Debated Financial Overhaul Bill
Reveling over a new milestone in his presidency, a triumphant Barack Obama on Wednesday signed into law the most sweeping overhaul of lending
Coca-Cola Net Income Surges on Global Thirst
Coca-Cola Co.'s second-quarter net income climbed 16 percent as the world's largest drink maker sold more soft drinks and juices
Hiring Slows Leaving Jobless Rate Unchanged
Companies showed a lack of confidence about hiring for a third straight month in July, making it likely the economy will grow more slowly
Hawaii Sugar Growers Spearhead U.S. Biofuel Push
The federal government has turned to a 130-year-old Hawaii sugar grower for help in powering the Navy and weaning the nation
German Export Growth Signals High-End Recovery
German exports grew by 3.8 percent on the month in June and reached their highest level since late 2008, official data showed Monday
Asian Stocks Mixed on U.S. Jobs, High Yen
Asian stock markets were mixed Monday after a poor U.S. jobs report added to evidence the economic recovery is weakening.
Ousted HP CEO Settles with Sex Harassment Accuser
Ousted Hewlett-Packard Co. CEO Mark Hurd has settled allegations of sexual harassment lodged against him by a female contract worker
Germany Warns of Apple iPhone Security Problems
The German government has warned of serious security flaws in Apple's iPhone, iPad and iPod Touch. The warning may have been prompted
Transocean, Anadarko Surge on BP Plug Success
With BP at a turning point in the Gulf oil spill, other companies with a role in the crisis are seeing their fortunes improve
Washington Post Profits Surge on Education Growth
The Washington Post Co. is reporting a surge in second-quarter earnings, helped by a big jump in profits at its education division and lower expenses.
U.S. Corn Exports to Boom As China Eats More Meat
China could be about to increase its corn imports, offering American farmers a chance for greater profits but making it likely U.S. meat
Chrysler Posts First Operating Profit Since 2007
A year after emerging from bankruptcy protection, Chrysler Group LLC said Monday that growing car and truck sales helped it narrow
Cable, Satellite TV Thrives on Robust Demand
Consumers are feeling more confident about spending on small luxuries such as premium cable services and pay-per-view, propelling the earnings
Retailers Report Mostly Modest Gains in July
Deep discounts on summer leftovers and hot weather drove shoppers into malls in July, but they remained choosy, resulting in only modest gains.
New Jobless Claims Rise to 479,000
Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies
Euro Continues Rising on Greek Progress
The euro gained ground against the dollar on Thursday as European and International Monetary Fund inspectors said Greece has made considerable
Unilever Predicts Tough Times, Reports Q2 Growth
Unilever NV on Thursday reported a 39 percent rise in second quarter net profit, but the maker of Lipton tea, Dove soap and Ben & ...
Rio Tinto Profits Treble on China Iron Ore Demand
Mining giant Rio Tinto said first-half profit more than tripled amid strong iron ore demand from China and higher commodity prices
Toyota Prius Tops Japan Sales for 15th Straight Month
Toyota's Prius topped Japan sales rankings in July for the 15th straight month, getting a perk from incentives for green cars and helping Japanese
Private Sector Hiring, Service Growth Boost Stocks
Stocks climbed Wednesday after key reports on private sector hiring and the services industry provided reassurances that the economy
BP Raises $7 Bil. with Asset Sale to Apache
BP PLC is moving quickly to secure the money it needs to pay for the spill in the Gulf of Mexico. Just weeks after promising ...
LightSquared to Offer 4G Wireless Network Across US
U.S. consumers and businesses may get more options in wireless service starting next year, with the launch of a new wireless broadband
Asia Stocks Rise, Europe Falls on Goldman Earnings
European stocks and Wall Street futures fell Tuesday after lower than expected earnings from U.S. investment bank Goldman Sachs
$21 Bil. in Plane Orders Signals Airline Recovery
Airbus says that Hong Kong Airlines intends to buy $5.7 billion of its widebody A350 and A330 planes.
PepsiCo Revenues Soar on Overseas Growth
Foreign currency fluctuations pushed down PepsiCo Inc.'s second-quarter net income 3 percent, even though revenue soared
Toyota Subpoenaed on Steering Rod Defect
Toyota Motor Corp. said Tuesday it has been subpoenaed by a federal grand jury in New York to submit documents related to problems with rods
Morgan Stanley Reports Big Income Jump
Morgan Stanley says its second-quarter net income jumped to $1.58 billion, easily topping forecasts as its Smith Barney brokerage
China Should Boost Interest Rates Says ADB
China should boost interest rates or allow its currency to strengthen to help curb inflation pressures, the Asian Development Bank said Tuesday.
IBM Posts Higher Q2 Profits, Raises 2010 Guidance
IBM Corp. jacked up its 2010 guidance Monday on the technology company's belief that it can wring more profit from its workhorse
Stock Market Moves Up Despite Weak Housing Data
Stocks rose modestly Monday as investors bought selectively following the market's big slide last week. The Dow Jones
Delta Posts $467 Mil. Q2 Profits
Delta Air Lines reversed a second-quarter loss with what it says is its largest quarterly profit in a decade thanks to strong passenger revenue.
Nokia Siemens Buys Motorola Network
Nokia Siemens Networks says it will acquire the majority of Motorola's wireless operations in a $1.2 billion deal.
Halliburton Profits Jump 83%
Halliburton Co. says its second-quarter profit soared 83 percent as natural gas drilling activity picked up in the U.S.
Moody's Cuts Ireland Credit Rating
The Moody's agency cut Ireland's credit rating Monday, citing the country's swelling national debt, the unpredictable cost of its bank-bailout plans
Europe Stocks Anticipate Wall Street Rebound
European stock markets rose Monday as investors looked past a downgrade of Ireland's public debt and instead bet on a rebound on Wall Street
Nokia Earnings Fall 40% on Flat Sales
Nokia Corp. said Thursday that second-quarter net profit fell 40 percent to euro227 million ($290 million) as the world's largest mobile phone
Wipro Reports 31% Profit Surge on Global Demand
Indian software services firm Wipro Ltd. said quarterly profit jumped 31 percent to 13.19 billion rupees ($284 million), beating expectations
Dell Pays $100 Mil. to Settle SEC Suit
Computer maker Dell Inc. is paying $100 million to settle civil charges that it fraudulently used payments from Intel to pump up its profits
Caterpillar Earnings Double on Strong Overseas Sales
Caterpillar's second-quarter earnings shot up 91 percent with the heavy machinery manufacturer reporting robust sales of equipment for industries
Mortgage Rates Hit New Record Low
Mortgage rates fell to a new record low for the fourth time in five weeks. But low rates haven't been enough to lift a struggling ...
AT&T Earnings Up 26% on Wireless Growth
AT&T Inc. said Thursday that its earnings rose 26 percent in the latest quarter and raised its forecast for the year, helped by its iPhone-fueled ...
Existing Home Sales Fall 5.1%, Prices Rise
Sales of previously occupied homes fell in June and are expected to keep sinking, indicating that the housing market's troubles
Jobless Claims Jump by 37,000
Seasonal factors boosted new requests for unemployment benefits last week as the job market remains weak amid a slow economic recovery.
GM to Pay $3.5 Bil. for Finance Company
General Motors Co. will buy AmeriCredit Corp. for $3.5 billion, a deal that allows the automaker to expand loans to customers with poor credit
Amazon's Lighter, Cheaper Kindle Adds Wi-Fi Access
Jeff Bezos isn't just confident you'll want a Kindle e-book reader. The CEO of Amazon.com is bracing for a future in which you'll also want ...
World Stocks Up on Earnings, European Growth
World stock markets brushed aside a downbeat assessment of the U.S. outlook from Federal Reserve chairman Ben Bernanke
Foxconn Hikes Prices to Cover Wage Increases
Foxconn Technology Group, which makes iPhones and other gadgets for global technology companies, plans to charge them more to partly
Flipboard iPad App Makes Magazines from Links
Apple Inc.'s iPad has hatched a new breed of magazines, one filled with a constantly changing mix of articles, photos and videos
US Airways Posts Big Profit, AMR Cuts Loss
US Airways joined Delta and United in posting a big second-quarter profit. American Airlines missed the party.
Tiger Woods Endorsements Fall $22 Mil. in 2010
Tiger Woods' estimated endorsements for 2010 are worth $22 million less than last year, according to Sports Illustrated's annual analysis
Obama Signs Long-Debated Financial Overhaul Bill
Reveling over a new milestone in his presidency, a triumphant Barack Obama on Wednesday signed into law the most sweeping overhaul of lending
Coca-Cola Net Income Surges on Global Thirst
Coca-Cola Co.'s second-quarter net income climbed 16 percent as the world's largest drink maker sold more soft drinks and juices
Hiring Slows Leaving Jobless Rate Unchanged
Companies showed a lack of confidence about hiring for a third straight month in July, making it likely the economy will grow more slowly
Hawaii Sugar Growers Spearhead U.S. Biofuel Push
The federal government has turned to a 130-year-old Hawaii sugar grower for help in powering the Navy and weaning the nation
German Export Growth Signals High-End Recovery
German exports grew by 3.8 percent on the month in June and reached their highest level since late 2008, official data showed Monday
Asian Stocks Mixed on U.S. Jobs, High Yen
Asian stock markets were mixed Monday after a poor U.S. jobs report added to evidence the economic recovery is weakening.
Ousted HP CEO Settles with Sex Harassment Accuser
Ousted Hewlett-Packard Co. CEO Mark Hurd has settled allegations of sexual harassment lodged against him by a female contract worker
Germany Warns of Apple iPhone Security Problems
The German government has warned of serious security flaws in Apple's iPhone, iPad and iPod Touch. The warning may have been prompted
Transocean, Anadarko Surge on BP Plug Success
With BP at a turning point in the Gulf oil spill, other companies with a role in the crisis are seeing their fortunes improve
Washington Post Profits Surge on Education Growth
The Washington Post Co. is reporting a surge in second-quarter earnings, helped by a big jump in profits at its education division and lower expenses.
U.S. Corn Exports to Boom As China Eats More Meat
China could be about to increase its corn imports, offering American farmers a chance for greater profits but making it likely U.S. meat
Chrysler Posts First Operating Profit Since 2007
A year after emerging from bankruptcy protection, Chrysler Group LLC said Monday that growing car and truck sales helped it narrow
Cable, Satellite TV Thrives on Robust Demand
Consumers are feeling more confident about spending on small luxuries such as premium cable services and pay-per-view, propelling the earnings
Retailers Report Mostly Modest Gains in July
Deep discounts on summer leftovers and hot weather drove shoppers into malls in July, but they remained choosy, resulting in only modest gains.
New Jobless Claims Rise to 479,000
Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies
Euro Continues Rising on Greek Progress
The euro gained ground against the dollar on Thursday as European and International Monetary Fund inspectors said Greece has made considerable
Unilever Predicts Tough Times, Reports Q2 Growth
Unilever NV on Thursday reported a 39 percent rise in second quarter net profit, but the maker of Lipton tea, Dove soap and Ben & ...
Rio Tinto Profits Treble on China Iron Ore Demand
Mining giant Rio Tinto said first-half profit more than tripled amid strong iron ore demand from China and higher commodity prices
Toyota Prius Tops Japan Sales for 15th Straight Month
Toyota's Prius topped Japan sales rankings in July for the 15th straight month, getting a perk from incentives for green cars and helping Japanese
Private Sector Hiring, Service Growth Boost Stocks
Stocks climbed Wednesday after key reports on private sector hiring and the services industry provided reassurances that the economy
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