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Business

Airbus, Boeing Kick Off Show with Big Orders

Boeing Co. predicts significant new plane orders for itself and European arch rival Airbus at the Farnborough International Airshow

China, Japan Cut U.S. Treasury Holdings in May

China reduced its holdings of U.S. Treasury debt in May as total foreign holdings of government debt posted a slight increase.

Jobs Has Imperfect Response for iPhone Glitch

A perfect iPhone? There's no app for that. Apple Inc. will give free protective cases to buyers of its latest iPhone to prevent reception

Bank of Korea Raises Growth Forecast to 5.9%

South Korea's central bank raised its forecast for the country's economic growth this year to 5.9 percent on solid exports

Stocks Rise in Europe As Asia Slips on U.S. Concerns

European stock markets rose Friday, helped by a late rally on Wall Street overnight, while the euro headed towards $1.30 for the first time

Agri Bank Shares Creep Up in HK After $22.1 Bil. IPO

Agricultural Bank of China's shares inched up in trading on the Hong Kong stock exchange Friday, despite a tepid reception in Shanghai

Google Q2 Shares Fall on Rising Payroll Costs

Google Inc. is doing its part to stimulate the economy and hurting its stock in the process. With its payroll

Europe Debt Crisis Eases on News from Germany, Spain

Europe got scraps of positive news Thursday in its battle to overcome a government debt crisis, as Germany cut its budget deficit forecast

Apple to Address iPhone 4 Antenna Problem Friday

Apple Inc. said it will hold a press conference on Friday to discuss the latest iPhone model, which has been beset by complaints

Wholesale Prices Fall for 3rd Consecutive Month

Wholesale prices fell for a third consecutive month as another drop in energy costs and the biggest plunge in food costs in eight years banished

New Jobless Claims Fall Sharply Again

New applications for unemployment benefits fell sharply last week as General Motors and other manufacturers skipped their usual summer shutdowns.

Service Sector Data Shows Slightly Slower Growth

The service sector grew more slowly in June, an industry trade group said Tuesday, offering the latest sign that the economic recovery

Massive ABC IPO Reflects China Cash Squeeze

Agricultural Bank of China's $22 billion initial public offering is making headlines as potentially the world's biggest. It also underlining the cash squeeze

Asian Stocks Down Despite Wall Street Gains

Asian markets retreated Wednesday, with investors losing their appetite for stocks after a disappointing U.S. services sector report pointed to an anemic

Job Losses Has Peaked in Rich Nations Says OECD

Unemployment in rich countries may have peaked — but there are still 17 million more people out of work than at the start of the ...

Toyota Adds Quality Time to Car Development Timeline

Toyota Motor Corp. is extending the time it takes to develop new vehicles by about four weeks for more quality checks in the wake of ...

Peugeot Citroen Has Record Half Year on China Demand

Strong demand for new cars in China helped French auto maker PSA Peugeot Citroen SA report Wednesday a record number of unit sales

First-Class Stamps to Cost $0.46 in 2011

Buy those Forever stamps now. The cost of mailing a letter is going up again. Fighting to survive a deepening financial crisis, the Postal Service

China Agricultural Bank IPO Sets World Record $19.2 Bil.

The Agricultural Bank of China's initial public offering has raised more than $19 billion in what could turn out to be the largest IPO ever.

Dow Ends 7-Day Slide with Modest Gain

The Dow Jones industrial average broke a seven-day slide Tuesday after traders sifted through the market for beaten-down stocks.

YouTube Tries to Emulate Boob Tube

YouTube is trying to become as brainless and painless to watch as the boob tube. In the process, the Web's leading video site hopes to ...

Gas Prices Continue Slide After July 4th Weekend

Drivers are finding lower gas pump prices now that the July 4th weekend is over and prices are likely to keep sliding.

Economic Stress Continues Easing in Most U.S. Counties

Two-thirds of U.S. counties became economically healthier in May, thanks to more manufacturing jobs in the Midwest and fewer home foreclosures

World Markets Rise on Bargain Hunting

World markets rose Tuesday as investors scooped up stocks that had been pummeled last week and anticipated a rally on Wall Street

Toyota Begins Global Lexus Recall for Engine Defect

Toyota started a global recall over engine defects in its Lexus and Crown models, moving to repair more than 95,000 vehicles in Japan and South ...

Ethnic Vegetables Sprout New Sales for U.S. Farmers

Maxixe, a Brazilian relative of the cucumber, is relatively unknown in the U.S., but it may one day be as common as cilantro as farmers ...

Greece Upbeat As Debt Crisis Eases

Debt-hobbled Greece may see a slightly milder than expected recession this year and aims to issue bonds again on international markets in 2011

Healthcare Bill Kick In to Expand Coverage

The first stage of President Barack Obama's health care overhaul is expected to provide coverage to about 1 million uninsured Americans

China Renews Google's Web Operating License

Google CEO Eric Schmidt said Thursday he expects Beijing to renew the license the company needs to continue operating a website in China.

China Rating Agency Offers Alternative Risk Assessments

A Chinese firm that aims to compete with Western rating agencies declared Washington a worse credit risk than Beijing in its first report on government

China Foreign Reserves Hit $2.45 Trillion

China's foreign reserves reached $2.45 trillion dollars by the end of June, a 15.1 percent increase year on year, the central bank said Sunday.

China June Imports Skyrocket 53%

China's customs agency on Saturday said exports were up 35 percent in June from a year ago, while imports rose almost 53 percent.

Dow Finishes Week Up 5.3% for Year's Best Gain

The stock market ended its best week in a year with another gain Friday as investors bet that companies will report strong second-quarter earnings.

Toyota Signals Willingness to Raise China Wages

Toyota's president says the company is open to raising the wages of workers in China, where strikes have disrupted the automaker's operations

Peugeot Citroen Signs $1.2 Bil. to Make Cars in China

France's PSA Peugeot Citroen SA signed a deal Friday to set up a euro935 million ($1.2 billion) joint venture to make small, low-emission cars

World Stocks Continue Rise on Korea Rate Hike

World stock markets rose Friday on hopes that global economic growth will prove resilient, with investors viewing a surprise interest rate hike

Bank of Korea Raises Interest on Strong Growth

South Korea's central bank raised its key interest rate Friday from a record low amid prospects for faster growth in the country's economy.

Asian Stocks End Losing Streak on Bargain Hunting

Most Asian stock markets posted mild gains Friday as investors hunted for bargains following a three-day losing streak.

Rising Costs Force Big Shift from South Coastal China

Factory workers demanding better wages and working conditions are hastening the eventual end of an era of cheap costs that helped make southern

New Jobless Claims Drop Sharply

New claims for unemployment benefits dropped sharply last week, a sign that layoffs could be slowing. At the same time, hundreds of thousands

Tepid June Retail Sales Separate Winners, Losers

Americans focused on deeply discounted clothing that they needed in June amid escalating worries about jobs, resulting in sluggish sales for many retailers

World Stocks Continue Rising on Growth Upgrade

World markets climbed Thursday on hopes that the global economy will recover faster than expected and as investors prepared for a European

IMF Boosts Global Growth Forecast Despite Risks

The global economy is recovering faster than expected but Europe's debt crisis might stall the rebound and governments need to shore up shaky

German Imports Outsurged Strong Exports in May

German exports rose by a healthy 9.2 percent on the month in May as an improving global economy stoked demand, while imports surged

Japan Machinery Orders Fell 9.1% in May

Japan's machinery orders, a closely watched indicator of future business investment, dropped more than expected in May, signaling that a recovery

August Jobless Rate Rose in Calif., 26 Other States

More than half of U.S. states saw their unemployment rates rise in August, the largest number in six months, as hiring weakened across the country.

Adobe Profits Soar but Cautious on Outlook

Adobe Systems Inc. posted a 69 percent jump in quarterly net income Tuesday but its shares tumbled after the software company said its revenue

Yuan Hits New High As Dollar Weakens

The yuan hit a new high of 6.6997 against the U.S. dollar on Tuesday, the highest level since June 19 when China pledged to make ...

CarMax Posts Higher Profits on Strong Used-Car Sales

Used car dealership chain CarMax says its fiscal second-quarter net income rose 4.8 percent as an uncertain economy continued to boost sales

Asia Stocks Gain in Thin Holiday Trading

Asian stock markets posted modest gains in holiday-thinned trade Wednesday after the Federal Reserve expressed concern about the flailing