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Business

Twitter Hacker Causes Mischief with Feeds

A new way to cause mischief quickly spread through short-messaging service Twitter on Tuesday morning before the site could fix the problem

Stocks Tilt Back Up After Fed Speaks

Stocks and bonds rose Tuesday after the Federal Reserve said it was ready to provide more help to the economy if necessary.

MetroPCS Leads 4G Wireless Rollout in U.S.

MetroPCS Communications Inc., a regional cell phone company that mainly caters to low-income customers, on Tuesday became the first U.S. carrier

Cessna Blames Economy for Cutting 700 Jobs

Cessna Aircraft announced Tuesday it will cut another 700 jobs, saying it has not seen the growth and recovery that it expected this year.

Michael Dell Flashes 7-Inch Android Tablet

Dell is working on a 7-inch tablet that runs Google's Inc.'s Android operating software.

IBM to Pay $1.7 Bil. for Data Miner Netezza

IBM Corp. said Monday it has agreed to pay $1.7 billion for Netezza Corp., a company that helps businesses sort through data on corporate servers.

Strong European Debt Sales Lift Investor Mood

Solid bond auctions in Ireland, Spain and Greece helped to further shore up sentiment in the markets Tuesday while investors waited for the latest

Oil Slips to $74 Ahead of Key Fed Meeting

Oil prices slipped to near $74 a barrel Tuesday in Asia as traders looked to a key U.S. central bank meeting later in the day ...

World's Airlines Treble Profit Forecast

Global airlines have rebounded faster than expected from the recession after losing nearly $26 billion over 2008 and 2009, the industry association

China Fines Toyota Finance Arm for Bribing Dealers

Authorities in eastern China say they have fined Japanese automaker Toyota Motor Corp.'s finance unit for giving bribes to car dealers

Asian Stocks Rise on Hope of More Fed Action

Asian stock markets advanced Tuesday as hopes for more action by the Federal Reserve to prop up the U.S. economy extended Wall Street's rally

Lotte Group Buys Control of Pepsi Philippines

Lotte Chilsung Beverage, a Lotte Group affiliate, has paid $101 million for a controlling 34.4% stake in Pepsi-Cola Products Philippines (PCPP), becoming its largest

GM to Court SAIC, Other Foreign Investors for IPO

Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North

Japan Intervenes Again to Weaken Yen

Traders said the Bank of Japan intervened in the currency market to weaken the yen Friday for the second time in just over a week.

Hyndai Recalls 2011 Sonatas for Steering Glitch

Hyundai Motor Co. said it is voluntarily recalling 139,500 Sonata sedans in the U.S. because of a manufacturing defect that could cause drivers

IRS Cuts Down Iffy Tax Break Disclosures for Big Corps.

The Internal Revenue Service is scaling back a new requirement that large corporations disclose on their tax returns whether they are taking

Growth in Durables Orders Sends Stocks Up

Stocks resumed a September rally Friday as traders were encouraged that orders for manufactured goods excluding the volatile transportation

Korea Wins Control of UK's Dana Petroleum

Korea National Oil Corp (KNOC) has won a controlling interest in UK's Dana Petroleum with about 65% of its shares either owned or accepted

Asia Has 3 of World's Most Expensive Shopping Streets

A survey of rents in the world’s top 269 shopping locations in 59 countries by Wakeman & Cushfield has found Hong Kong, Tokyo and Seoul

Asia Stocks Dip on U.S. Jobs Data, Strong Yen

Asian stock markets fell Friday after a jump in U.S. unemployment claims led to a disappointing day on Wall Street.

HSBC CEO to Leave After Losing Bid for Chairmanship

HSBC's chief executive has lost his bid to move up to chairman and will leave the bank by the end of the year, the Financial ...

German Business Mood Highest in 3 Years

German business confidence unexpectedly rose to its highest level in over three years in September as a stronger economy supported business

GM to Test All-Electric Chevy Cruze in Korea

General Motors says it will launch a test fleet of electric cars in South Korea as it continues to develop battery-powered models of its Chevrolet ...

Jobless Claims Nudge Back Up to 465,000

The tally of newly laid-off workers requesting unemployment benefits rose last week for the first time in five weeks as the job market

Home Sales Rose to 2nd Lowest Level of Decade

Sales of previously occupied homes rose last month, but not enough to keep August from being the second-worst month for sales

Blockbuster Seeks Chapter 11 Protection

Troubled video-rental chain Blockbuster Inc. filed for Chapter 11 bankruptcy protection, and said it plans to keep stores and kiosks

France Hobbled by Strikes Over Retirement Age

French commuters squeezed onto limited trains or fought for rare parking spots Thursday as a second round of strikes against President Nicolas

Euro Slips on Weak Business Sentiment

The euro gave up some of its recent gains against the dollar Thursday as traders booked profits after a survey showed business sentiment

Small Business Bill Set for Passage Amid Tepid Interest

A long-delayed bill to help struggling small businesses with easier credit and other incentives to expand and hire new workers is poised to clear

Philly Becomes Biggest U.S. City with Casino

Six years after the state Legislature legalized gambling, Philadelphia is set to become the largest U.S. city with a casino.

Wal-Mart Debuts Branded Wireless Service

Wal-Mart Stores Inc. said Monday that it is introducing the first cell phone plan that uses the chain's own branding, further demonstrating

Twitter Adds Pane for Videos, Photos

Twitter is turning its text-messaging website into a multimedia showcase by adding a new pane that will make it easier for its 160 million users

Japan Intervenes to Weaken Yen, First Time Since 2004

Japan's finance minister has confirmed that Japan intervened in the currency market to weaken the yen, which had spiked to 15-year highs

Wall Street Continues Rising on Positive Retail Data

World stock markets were mixed Tuesday despite another gain on Wall Street as the dollar retreated to a new 15-year low against the yen

Obama Set to Win $30 Bil. Small Business Fund Bill

President Barack Obama is poised to win a long-sought victory as Senate Democrats appear likely to win a key vote that would clear the way

Eurozone Industrial Production Flat in July

Industrial production in the 16 countries that use the euro was flat in July from the previous month, official figures showed Tuesday

Yuan Hits New High vs. Dollar Ahead of Hearing

China's currency advanced to a fresh high against the U.S. dollar for the third straight trading day Tuesday, as U.S. lawmakers prepared

Dollar Slides to New 15-Year Low Against Yen

The U.S. dollar fell to a new 15-year low against the yen in early Tokyo trade Tuesday as investors tried to avoid risky bets, while ...

Buffett, Ballmer See Thriving Economy Ahead

Some of the biggest names in business said Monday that they see a bright future for the economy, with famed investor Warren Buffett

Japanese Stocks Soar on Weaker Yen

Japanese stocks jumped Wednesday, outperforming other world markets, after the Bank of Japan intervened in the currency markets

Intel Chief Says Content-Shifting Key for Chipmakers

The semiconductor industry hasn't fully cracked the challenge of making chips that help people move content seamlessly between their devices

New Hitachi CEO Pushes Gov't for Lower Yen

The new president of Hitachi Ltd. urged Japan's government to tackle the strong yen, which is squeezing business as he seeks to transform

Stimulus-Funded Batteries Polarize Economic Debate

The first wave of mass-produced advanced batteries funded by the Obama administration's economic recovery program is starting

YouTube Launches Live-Streaming Trial

YouTube is making its long expected foray into live streaming by launching an experimental trial with four new media partners.

Asian Stocks Rise on China Growth Data

Asian stock markets climbed Monday, encouraged by gains on Wall Street and Chinese economic indicators released over the weekend.

China Aggressive with Investments in Korea

A growing influx Chinese capital into Korea has begun reversing the traditional relationship between the two economies.

Nanowire Skin Lets Robots Sense Pressure Changes

Artificial "skin" developed by teams at UC Berkeley and Stanford will enable robots to adust theirs grips to be delicate enough to hold an egg

China Data Shows Economy Accelerated in August

August economic data shows that China grew at a higher-than-expected rate in fixed asset investment, industrial production, retail sales and new loans

U.S. Trade Deficit Surges on Strong Car, PC Demand

Americans' stronger appetites for imported goods, especially cars and computers, lifted the broadest measure of the U.S. trade deficit in the second

World Stocks Rise on Oracle, RIM Earnings

World stock markets mostly rose Friday as positive earnings news from technology companies such as Oracle and BlackBerry maker Research