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Business

Germany Considers Keeping Nuclear Plants Longer

Prominent German business figures are warning against what they call a too-quick shutdown of the country's nuclear plants, stepping up pressure

Russia Opens Up Bidding on Chopper-Carrier Prototypes

Russia will hold an open tender for two warships of the class it had planned to buy from France without inviting other bidders

Super-Oysters Promise Fatter, Cleaner Eating

Biologist John Supan thinks he has developed what may be the holy grail for oyster lovers: a hardy breed of the delectable shellfish

India Admits Chinese Telecom Gear on Tough Terms

India has relaxed an eight-month ban on imports of telecommunication equipment, approving orders from China's ZTE and Huawei and Finland's Nokia

Toyota Recalls 1.33 Mil. Corolla Sedans, Matrix Hatchbacks

Toyota recalled 1.13 million Corolla sedans and Matrix hatchbacks Thursday because their engines may stall, the latest in a string of quality

1 in 10 Homes with Mortgages Face Foreclosure

One in 10 American households with a mortgage was at risk of foreclosure this summer as the government's efforts to help have had little

Stocks Slip Despite Drop in Jobless Claims

Stocks were mainly higher early Thursday after a drop in new claims for unemployment benefits relieved some of the market's worries

World Stocks Rise on U.S. Uptick, German Data

World stock markets mostly rose Thursday, helped by late gains on Wall Street and more strong German data, though apprehension over a slowing

German Consumer Confidence Rises

German consumers are upbeat about their economy, a closely watched survey showed Thursday, reflecting the country's overall positive economic trend

Sony Pursues 3-D TV Without Glasses

Sony Corp. is working on 3-D televisions that don't need special glasses, joining a race with rival Toshiba Corp., but sees cost and technological hurdles

Chinese Firms Tap Foreign Stars for Global Image

Kevin Garnett wore his affection for China's booming sportswear market on his back as the NBA star arrived in Beijing in August.

Google to Offer Free PC-to-Phone Calling

Google Inc. is adding a free e-mail feature that may persuade more people to cut the cords on their landline phones.

Oil Falls Below $75 on Fears of Slowing Recovery

Oil prices dropped below $75 a barrel Friday amid mounting concerns over the pace of the U.S. economic recovery, following another batch

Durable Goods Orders Rise Modestly

Orders to U.S. factories for big-ticket manufactured goods increased slightly in July, but businesses spent less as the economic recovery

German Business Confidence Hits 3-Year High

Germany's business confidence rose in August to its highest level in three years, according to a key survey Wednesday, suggesting Europe's biggest

Homebuilder Toll Brothers Returns to Profit

Toll Brothers Inc. said Wednesday that it posted a profit in its fiscal third quarter, as the luxury homebuilder snagged important tax benefits

Credit Card Debt at Lowest Level in 8 Years

The amount consumers owed on their credit cards in this year's second quarter dropped to the lowest level in more than eight years as cardholders

Japan Exports Fall for Fifth Straight Month

Japan's export growth slowed for the fifth straight month in July, the government said Wednesday, as the global economy loses momentum

Microsoft Begins Powering All Yahoo Searches

Microsoft Corp.'s technology is now processing all the search requests on Yahoo Inc.'s website in the U.S. and Canada, completing a long-awaited leap

U.S. Stocks Join Global Retreat on Home Sales Dip

Stocks are closing lower after another disappointing report on housing renewed worries about the economy.

World Stocks Fall on Japan Export Slowdown

World stocks markets mostly fell Monday after figures showed that Japan's economic growth slowed sharply during the second quarter

Check Substantiates NY Man's Claim to 84% of Facebook

A New York man produced a cashed $3,000 check to support his claim that he is contractually entitled to ownership of 84% of Facebook Inc.

Abercrombie & Fitch Returns to Profit in Q2

Abercrombie & Fitch return to a profit in the second quarter as its strategy of lowering some prices boosted sales.

Asia Stocks Rise Modestly As Markets Calm

Asian markets mostly posted tentative gains Tuesday as nerves calmed despite steady driblets of sobering news about the speed of the global economic

Banks Loosen Small Business Lending Standards

Banks have eased lending standards for small businesses for the first time in nearly four years, the Federal Reserve said Monday.

Homebuilder Confidence Drops for 3rd Straight Month

Homebuilder confidence dropped for the third straight month in August as the struggling economy and a flood of cheap foreclosed properties

Dell Buys Data Storage Leader 3Par for $1.13 Bil.

Dell Inc. said Monday it's buying 3Par Inc., a maker of enterprise data storage equipment, for about $1.13 billion cash.

China Overtook Japan As No. 2 Economy in Q2

Japan lost its place as the world's No. 2 economy to China in the second quarter as receding global growth sapped momentum and stunted a ...

China Cut U.S. Treasury Holdings Again in June

China reduced its holdings of U.S. Treasury debt for a second straight month in June while the holdings of Japan and Britain rose.

Manufacturing Data Restores Faith in Recovery

New government data offered a mixed picture of the economic recovery Tuesday, as U.S. manufacturing activity grew in July at the fastest pace

China's Ag Bank Confirms IPO Was World's Largest

The Agricultural Bank of China says it raised a world record $22.1 billion in its initial public offering last month, despite a tepid reception from ...

Apple Manager Indicted on Kickback Charges

A manager at Apple Inc. has been indicted by a federal grand jury in an alleged kickback scheme involving suppliers of iPhone and iPod accessories.

U.S. Stocks Keep Slipping on Confusing Data

The stock market has fallen for the fourth straight day after a mixed batch of readings on consumer spending contributed to a muddled picture

magicJack Company to Offer Free Calls from Computers

The company behind the magicJack, the Internet phone gadget heavily advertised on television, has another trick up its sleeve

IBM Adds Online Marketing Tools with Unica Buy

IBM Corp. said Friday that it has agreed to buy the marketing services company Unica Corp. in a $480 million deal that would give IBM

Eurozone Grew Faster Than U.S. in Q2

The economy of the 16 countries that use the euro grew by a better-than-expected 1 percent during the second quarter as growth engine Germany

Retail Sales, Prices Rise on Growing Car Demand

A busy month for car dealerships lifted retail sales for the first time in three months while more expensive food and gas boosted

Korean Air Operating Profit Doubles but Loses on Fuel

Korean Air, South Korea's biggest airline, said Friday it sank to a loss in the second quarter as a weak won swelled its fuel costs.

GM Takes First Clear Step toward Fall IPO

General Motors Co. on Wednesday filed the first batch of paperwork required by regulators to sell stock to the public, a step that brings the ...

E-Readers Battle Tablets for Digital Book Supremacy

The marriage of an American technology firm and a Taiwanese display panel manufacturer has helped make digital reading a prospective challenger

U.S. Jobs Data Dampen World Markets

European stock markets traded lower Thursday after soft U.S. jobs data reined in hopes for gains on Wall Street. Japanese stocks were the best-performing

Intel to Buy McAfee for $7.68 Bil.

Chip maker Intel Corp. said Thursday it is buying computer-security software maker McAfee Inc. for $7.68 billion, or $48 per share.

Germany Boosts 2010 Growth Forecast to 3%

Germany's economy is on course to grow by about 3 percent this year after a spectacular second-quarter growth spurt, the country's central bank

China Tries to Meet Booming Demand for Movies

China said it will expand its movie industry by making more films and building more theaters to meet growing demand.

Taiwan GDP Surged 12.5% on Electronics Demand

Taiwan's export-reliant economy surged 12.5 percent year-on-year in the second quarter on strong foreign demand for the island's electronics

Lenovo Returns to Profit on Surging China PC Sales

Lenovo Group, the fourth-largest personal computer maker, said Thursday it rebounded to a quarterly profit from a loss a year earlier

Asian Stocks Rise on Chip Demand Growth

Most Asian markets rose Thursday after a seesaw session on Wall Street, helped by gains in tech stocks after an industry report in Japan

Dell Boosts Bid for 3Par After Dell Raises Offer

Hewlett-Packard Co. has again raised its bid for 3Par Inc. above an offer from rival Dell Inc., suggesting that the little-known data-storage maker

Levis Tailors Global Brand Launch for Chinese

Jeans maker Levi Strauss & Co. launched a new global brand in China on Wednesday, joining a growing list of companies that hope to crack

Samsung, LG to Boost Dominance in LCD Market

The global LCD market will shrink 2.6% in the first half of 2011 to a total of about $44 bil., reported U.S.-based DisplaySearch.