Advanta to Close All Small Business Card Accounts
Advanta Corp., a credit card lender to nearly 1 million small businesses, will close all its cardholders’ accounts next month in a last-ditch effort stem ...
Business
Fomer Monster COO Convicted of Stock Accounting Fraud
The former president and chief operating officer of Monster Worldwide has been convicted in New York of wrongfully backdating millions of dollars’ worth of employee ...
Oil Continues Rise Despite Highest Inventories in 19 Years
Investor hopes that the U.S. recession may have bottomed out propelled oil prices well above $59 a barrel on Tuesday.
Infrastructure Projects Skip Areas with Most Jobless
The billions in transportation stimulus dollars that President Barack Obama promoted as a way to create jobs shortchange counties that need the work the most, ...
Hitachi Reports Record Loss with Glum Outlook for 2009
Electronics maker Hitachi Ltd. posted the biggest ever annual loss for a Japanese manufacturer and warning of more red ink, said it doesn’t expect the ...
Sony to Post First Annual Loss in 14 Years
Japanese electronics and entertainment company Sony Corp. reports its fiscal fourth quarter and full year earnings on Thursday. The following is a summary of key ...
China April Exports Down 22.6%, Investments Up 30.5%
China’s exports plunged 22.6 percent in April from the year before in the sixth straight monthly decline, the government said Tuesday, while a torrent in ...
Stimulus on Track to Save or Create 3.5 Mil. Jobs Says White House
The Obama administration is defending its claim that the $787 billion economic stimulus plan will save or create 3.5 million jobs before 2011 even while ...
Microsoft Prepares First Debt Offering of $3.75 Bil.
Microsoft Corp. priced a $3.75 billion debt offering on Monday, a first for the world’s largest software maker.
Credit Card Bill Would Let Consumers Return to Old Rate
Consumers who are paying more in interest because they have fallen behind on their credit-card bills could regain their older, lower rates if they pay ...
AIG Sells Japan HQ for $1.2 Bil.
Embattled insurer American International Group Inc. said Monday it is selling its Japanese headquarters to Nippon Life Insurance Co. for $1.2 billion in cash.
Insight First Hybrid to Top Japan Car Sales
Honda’s Insight, billed as the cheapest gas-electric hybrid on the market, ranked as the top-selling vehicle in Japan for April — the first time a ...
Fiat's Triumphant Return to U.S. Stokes Italian Pride
In a perfect world, so the joke goes, the Germans are the mechanics, the Swiss are the timekeepers and the Italians are the lovers.
GM Chapter 11 Deemed Virtual Certainty
For General Motors Corp., the task at hand is so difficult that experts say a Chapter 11 bankruptcy filing is all but inevitable.
Pang Used Fund As Personal Piggy Bank Says Receiver
A California financier accused in a federal fraud lawsuit treated the investments he managed as a “personal piggy bank” to fund a lavish lifestyle and ...
China CPI Falls 1.5% in April on Lower Food
China’s inflation rate fell for the third month in a row in April as prices for foods and energy plunged from high levels the year ...
Luxury Goods Enjoy Boom in China
Clutching a fistful of shopping bags from designers Vivienne Westwood, Dior and Alexander McQueen as she concluded one of her twice-monthly shopping sprees, 29-year-old Zhao ...
Obama Wants Credit Card Legislation by Month's End
Send me a bill that stops credit card companies from taking advantage of consumers, and do it by month’s end, President Barack Obama is demanding ...
Wall Street Ends Week Surgin on Jobs, Banks
As far as Wall Street is concerned there is no bad news anymore. At least for now, traders are seeing news about longtime trouble spots ...
Employment Data Boost Wall Street
Stock futures are extending their gains as the government says fewer jobs were lost in April than expected.
Top Japanese Chipmaker Toshiba Posts Record Loss
Japan’s top chipmaker Toshiba Corp. tumbled to a record annual loss amid sinking global demand that has forced it to cut thousands of jobs.
Toyota Reports Record Losses
Toyota Motor Corp. lost 765.8 billion yen ($7.7 billion) in the January-March quarter — a bigger loss than General Motors reported — resulting in its ...
Stress Test Results Lift Cloud of Uncertainty
Government exams of the nation’s biggest banks have helped lift a cloud of uncertainty that has hung over the economy.
World Stocks Continue Climbing on U.S. Jobless Data
European markets extended their rally Thursday following key interest rate decisions and ahead of the formal release of the results for the U.S. government’s stress ...
Oil Hits 6-Month High on Surging Optimism
Oil prices jumped to almost $58 a barrel Thursday, extending gains to near six-month highs on investor expectations that global economic growth may begin to ...
China's Geely Bids for GM's SAAB
Chinese automaker Geely Automobile Holdings said Thursday it is bidding for General Motors Corp.‘s Saab brand, a move that would boost the company’s ability to ...
Bank of America Shares Surge Ahead of Stress Test Results
Shares of Bank of America Corp. continued their rapid climb Thursday, hours ahead of the expected announcement of bank stress test results and following a ...
China Pledges Another Big Buying Spree in Europe
China promised Thursday to send its companies on new multibillion dollar spending sprees in Europe as it called on the bloc, its largest export market, ...
Validity of Bank Stress Test Questioned
Some of the nation’s largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing ...
Hitachi Reports Worst Manufacturing Loss on Record
Japanese electronics maker Hitachi Ltd. said Thursday its loss for the fiscal year ended March will be bigger than its previous forecast, ballooning to 788 ...
Korean Air Losses Jump on Weak Won
Korean Air Lines Co. said Thursday its first quarter net loss widened as weakness in the South Korean won drove up costs denominated in dollars.
Bank Stress Test Results Ease Worries, Boost Wall Street
Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies.
Asia Agrees on Need to Cut Exports, Boost Consumption
Cutting Asia’s reliance on exports for growth has taken on new urgency as the global economic crisis sends trade into a tailspin. But many economies ...
IMF Projects 4.3% Growth for Asia in 2010 Recovery
Most Asian economies face a sharp contraction this year and a weak recovery in 2010 as global demand for the region’s exports struggles to rebound, ...
GM Plans 1-for-100 Reverse Stock Split
General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 ...
Biotech Profitable at Last but Squeezed by Recession
The U.S. biotech industry became profitable as a whole for the first time in 2008, a new report says, but the global financial crisis has ...
Market Buoyant Despite Pending Bank Stress-Test Results
Banks will be told today how they did on their “stress tests” and informed of regulators’ final decisions on how much capital they need to ...
Oil Stays Above $54 on Recovery Hopes
Oil prices lingered above $54 a barrel Tuesday as growing investor optimism about a recovery in the global economy supported prices above a month-long trading ...
IT Giants May Be Hit Hard by Obama's Overseas Profits Tax
President Barack Obama’s plan to impose U.S. taxes on corporate America’s overseas profits threatens to open a big crater in the financial statements of technology ...
GM's China Sales Surge 50% to Monthly Record
General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for ...
Sanyo Reports Loss but Expects Profits This Year
Sanyo Electric Co. sank to an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small ...
Hong Kong Disneyland Begins Expansion Amid Red Ink
On Thursday Hong Kong Disneyland kicked off the first phase of an expansion aimed at allowing it ultimately to turn a profit.
China to See Hotel Boom Under 12th Five-Year Plan
China will more than double the number of hotel rooms to 6.1 million by 2025.
Fiat's Wicked Small Racer Reborn at LA Auto Show
The Fiat 500 Abarth, which made its US debut at the 2011 LA Auto Show, is the car most likely to tempt driving enthusiasts who ...
China Imports Record Amount of US Pork
US pork imports to China hit a new high in September of 41,000 tons.
China LED Sector in Shakeout Amid Bright Prospects
China's LED makers are facing increasingly dark days ahead due to severe over-investment leading to cutthroat competition.
Rachel Roy Launches First Beauty Product
Fashion designer Rachel Roy draws on her love of dramatic, smudgy eye makeup to launch the Rachel Roy Eye Shadow Collection.
Expat Executives in China Happy with Work, Pay
Expats are pleased with China's dynamic, high-growth business environment and globally competitive compensation levels.
Yang Chen Uses Ocean Temperature to Predict Fires
Yang Chen's team has devised an accurate model for using ocean temperatures to predict forest fires.
Hisataka Kobayashi Uses Light to Kill Cancer Cells
Hisataka Kobayashi has devised a technique to kill cancer cells using infrared light without harming surrounding tissue.
Advanta to Close All Small Business Card Accounts
Advanta Corp., a credit card lender to nearly 1 million small businesses, will close all its cardholders’ accounts next month in a last-ditch effort stem ...
Fomer Monster COO Convicted of Stock Accounting Fraud
The former president and chief operating officer of Monster Worldwide has been convicted in New York of wrongfully backdating millions of dollars’ worth of employee ...
Oil Continues Rise Despite Highest Inventories in 19 Years
Investor hopes that the U.S. recession may have bottomed out propelled oil prices well above $59 a barrel on Tuesday.
Infrastructure Projects Skip Areas with Most Jobless
The billions in transportation stimulus dollars that President Barack Obama promoted as a way to create jobs shortchange counties that need the work the most, ...
Hitachi Reports Record Loss with Glum Outlook for 2009
Electronics maker Hitachi Ltd. posted the biggest ever annual loss for a Japanese manufacturer and warning of more red ink, said it doesn’t expect the ...
Sony to Post First Annual Loss in 14 Years
Japanese electronics and entertainment company Sony Corp. reports its fiscal fourth quarter and full year earnings on Thursday. The following is a summary of key ...
China April Exports Down 22.6%, Investments Up 30.5%
China’s exports plunged 22.6 percent in April from the year before in the sixth straight monthly decline, the government said Tuesday, while a torrent in ...
Stimulus on Track to Save or Create 3.5 Mil. Jobs Says White House
The Obama administration is defending its claim that the $787 billion economic stimulus plan will save or create 3.5 million jobs before 2011 even while ...
Microsoft Prepares First Debt Offering of $3.75 Bil.
Microsoft Corp. priced a $3.75 billion debt offering on Monday, a first for the world’s largest software maker.
Credit Card Bill Would Let Consumers Return to Old Rate
Consumers who are paying more in interest because they have fallen behind on their credit-card bills could regain their older, lower rates if they pay ...
AIG Sells Japan HQ for $1.2 Bil.
Embattled insurer American International Group Inc. said Monday it is selling its Japanese headquarters to Nippon Life Insurance Co. for $1.2 billion in cash.
Insight First Hybrid to Top Japan Car Sales
Honda’s Insight, billed as the cheapest gas-electric hybrid on the market, ranked as the top-selling vehicle in Japan for April — the first time a ...
Fiat's Triumphant Return to U.S. Stokes Italian Pride
In a perfect world, so the joke goes, the Germans are the mechanics, the Swiss are the timekeepers and the Italians are the lovers.
GM Chapter 11 Deemed Virtual Certainty
For General Motors Corp., the task at hand is so difficult that experts say a Chapter 11 bankruptcy filing is all but inevitable.
Pang Used Fund As Personal Piggy Bank Says Receiver
A California financier accused in a federal fraud lawsuit treated the investments he managed as a “personal piggy bank” to fund a lavish lifestyle and ...
China CPI Falls 1.5% in April on Lower Food
China’s inflation rate fell for the third month in a row in April as prices for foods and energy plunged from high levels the year ...
Luxury Goods Enjoy Boom in China
Clutching a fistful of shopping bags from designers Vivienne Westwood, Dior and Alexander McQueen as she concluded one of her twice-monthly shopping sprees, 29-year-old Zhao ...
Obama Wants Credit Card Legislation by Month's End
Send me a bill that stops credit card companies from taking advantage of consumers, and do it by month’s end, President Barack Obama is demanding ...
Wall Street Ends Week Surgin on Jobs, Banks
As far as Wall Street is concerned there is no bad news anymore. At least for now, traders are seeing news about longtime trouble spots ...
Employment Data Boost Wall Street
Stock futures are extending their gains as the government says fewer jobs were lost in April than expected.
Top Japanese Chipmaker Toshiba Posts Record Loss
Japan’s top chipmaker Toshiba Corp. tumbled to a record annual loss amid sinking global demand that has forced it to cut thousands of jobs.
Toyota Reports Record Losses
Toyota Motor Corp. lost 765.8 billion yen ($7.7 billion) in the January-March quarter — a bigger loss than General Motors reported — resulting in its ...
Stress Test Results Lift Cloud of Uncertainty
Government exams of the nation’s biggest banks have helped lift a cloud of uncertainty that has hung over the economy.
World Stocks Continue Climbing on U.S. Jobless Data
European markets extended their rally Thursday following key interest rate decisions and ahead of the formal release of the results for the U.S. government’s stress ...
Oil Hits 6-Month High on Surging Optimism
Oil prices jumped to almost $58 a barrel Thursday, extending gains to near six-month highs on investor expectations that global economic growth may begin to ...
China's Geely Bids for GM's SAAB
Chinese automaker Geely Automobile Holdings said Thursday it is bidding for General Motors Corp.‘s Saab brand, a move that would boost the company’s ability to ...
Bank of America Shares Surge Ahead of Stress Test Results
Shares of Bank of America Corp. continued their rapid climb Thursday, hours ahead of the expected announcement of bank stress test results and following a ...
China Pledges Another Big Buying Spree in Europe
China promised Thursday to send its companies on new multibillion dollar spending sprees in Europe as it called on the bloc, its largest export market, ...
Validity of Bank Stress Test Questioned
Some of the nation’s largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing ...
Hitachi Reports Worst Manufacturing Loss on Record
Japanese electronics maker Hitachi Ltd. said Thursday its loss for the fiscal year ended March will be bigger than its previous forecast, ballooning to 788 ...
Korean Air Losses Jump on Weak Won
Korean Air Lines Co. said Thursday its first quarter net loss widened as weakness in the South Korean won drove up costs denominated in dollars.
Bank Stress Test Results Ease Worries, Boost Wall Street
Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies.
Asia Agrees on Need to Cut Exports, Boost Consumption
Cutting Asia’s reliance on exports for growth has taken on new urgency as the global economic crisis sends trade into a tailspin. But many economies ...
IMF Projects 4.3% Growth for Asia in 2010 Recovery
Most Asian economies face a sharp contraction this year and a weak recovery in 2010 as global demand for the region’s exports struggles to rebound, ...
GM Plans 1-for-100 Reverse Stock Split
General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 ...
Biotech Profitable at Last but Squeezed by Recession
The U.S. biotech industry became profitable as a whole for the first time in 2008, a new report says, but the global financial crisis has ...
Market Buoyant Despite Pending Bank Stress-Test Results
Banks will be told today how they did on their “stress tests” and informed of regulators’ final decisions on how much capital they need to ...
Oil Stays Above $54 on Recovery Hopes
Oil prices lingered above $54 a barrel Tuesday as growing investor optimism about a recovery in the global economy supported prices above a month-long trading ...
IT Giants May Be Hit Hard by Obama's Overseas Profits Tax
President Barack Obama’s plan to impose U.S. taxes on corporate America’s overseas profits threatens to open a big crater in the financial statements of technology ...
GM's China Sales Surge 50% to Monthly Record
General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for ...
Sanyo Reports Loss but Expects Profits This Year
Sanyo Electric Co. sank to an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small ...
Hong Kong Disneyland Begins Expansion Amid Red Ink
On Thursday Hong Kong Disneyland kicked off the first phase of an expansion aimed at allowing it ultimately to turn a profit.
China to See Hotel Boom Under 12th Five-Year Plan
China will more than double the number of hotel rooms to 6.1 million by 2025.
Fiat's Wicked Small Racer Reborn at LA Auto Show
The Fiat 500 Abarth, which made its US debut at the 2011 LA Auto Show, is the car most likely to tempt driving enthusiasts who ...
China Imports Record Amount of US Pork
US pork imports to China hit a new high in September of 41,000 tons.
China LED Sector in Shakeout Amid Bright Prospects
China's LED makers are facing increasingly dark days ahead due to severe over-investment leading to cutthroat competition.
Rachel Roy Launches First Beauty Product
Fashion designer Rachel Roy draws on her love of dramatic, smudgy eye makeup to launch the Rachel Roy Eye Shadow Collection.
Expat Executives in China Happy with Work, Pay
Expats are pleased with China's dynamic, high-growth business environment and globally competitive compensation levels.
Yang Chen Uses Ocean Temperature to Predict Fires
Yang Chen's team has devised an accurate model for using ocean temperatures to predict forest fires.
Hisataka Kobayashi Uses Light to Kill Cancer Cells
Hisataka Kobayashi has devised a technique to kill cancer cells using infrared light without harming surrounding tissue.
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