Surprise Drop in Jobless Rate Spurs Optimism
A surprising drop in the unemployment rate and far fewer job losses last month cheered investors Friday and raised hopes for a sustained economic recovery.
Business
GM Enters India As Junior Partner to China's SAIC
General Motors Co. and its main Chinese partner announced a venture Friday to sell vehicles in India, uniting in the two fastest-growing car markets
Taiwan Gov't to Subsidize World-Leading e-Book Industry
The Taiwan government says it will spend 2 billion New Taiwan dollars ($65 million) to support its electronic-book industry and help makers cash in
Sony Signs Deal to Record World Cup in 3-D
The 2010 World Cup is going 3-D. Sony Corp. said Friday it has signed a deal with FIFA, the international football governing body, to record ...
American Eagle Traffic Jumped 11.7% in November
American Eagle, which does regional flying for American Airlines, flew fuller planes in November as traffic jumped 11.7 percent, outstripping an 6.8 percent
United Airlines Traffic Rose 1.8% in November
United Airlines said Thursday that its traffic rose 1.8 percent in November. That plus a smaller fleet added up to planes that were 80.2 percent ...
Content Takes Center Stage in New Media Landscape
Comcast Corp. is buying control of NBC Universal from GE largely because Comcast wants to own more movies and TV shows.
U.S. Trade Deficit Narrows on Surging Exports
The U.S. trade deficit unexpectedly narrowed in October as exports surged to the highest level in nearly a year. Growing exports, boosted by a weaker ...
U.S.-Japan Open-Skies Pact Ushers in Big Airline Tieups
An aviation agreement between the U.S. and Japan could usher in a new period of closer alliances among the major carriers in both countries.
Volkswagen Begins Production of First India Car
Volkswagen AG started production of its first compact car in India on Saturday, hoping to capture up to 10 percent of the country's fast-growing
Strong Retail Data Drives Up Stocks, Boosts Dollar
Stocks rose Friday after a report on retail sales indicated consumers are picking up their spending.
Wendy's Pulls Out of Japan After 30 Years
Wendy's burger chain will withdraw from Japan, ending a 29-year presence in an Asian market long dominated by McDonald's Corp.
China Tech Purchasing Rule Angers Foreign Firms
Foreign companies are criticizing a new Chinese regulation they fear could block them from the multibillion dollar business of selling high-tech products
China Export Rebound Heartens Asian Markets
China's exports are making a comeback after a jarring slump threw millions out of work, a sign of improving global demand that along with a ...
China Nuokang Bio-Pharma Falls on NY Debut
Shares of China Nuokang Bio-Pharmaceutical Inc. fell nearly 4 percent in their trading debut Thursday after pricing at $9 per American depositary share
AOL Now Independent and Much Shrunken
AOL resumed life as an independent Internet company Thursday as it completed its spinoff from Time Warner Inc. and closed the book on one of ...
Americans' Net Worth Up for 2nd Straight Qtr.
Americans got wealthier for a second straight quarter in the fall, thanks to gains in stock investments and home values.
GE Sees Growth Ahead Despite Profits Drop
General Electric Co.'s fourth-quarter net income fell 19 percent, but the industrial bellwether is seeing signs of stability as it moves into a key rebuilding ...
Indian Gaming Kept Growing Through Recession
The economic downturn has slowed the growth of Indian gaming in America but the industry is faring better than traditional casinos
Panasonic to Buy Control of Sanyo for $4.6 Bil.
Panasonic Corp. said Thursday it will take majority control of Sanyo Electric Co. in a $4.6 billion deal, forging one of the biggest electronics makers
BOA Repays Entire $45 Bil. TARP Bailout
Bank of America Corp. said Wednesday it has repaid the entire $45 billion it owed U.S. taxpayers as part of the Troubled Asset Relief Program.
UAL Seeks Transpacific Joint Venture with ANA
A United Airlines executive says the carrier wants to pursue a joint venture with Continental Airlines and Japan's All Nippon Airways for flights across the ...
Oil Prices Fall Back Down on More Signs of Weak Demand
Oil prices hit two-month lows Wednesday as government data showed that energy demand continues to slump.
Volkswagen Links with Suzuki with 20% Stake
Volkswagen AG will buy a 20 percent stake in Suzuki Motor Corp. for 222.5 billion yen ($2.5 billion), forming one of the world's biggest auto ...
Pepsi Lowers 2009 Profit View, Signs Dr Pepper
PepsiCo Inc., the world's second-biggest soft drink maker, on Tuesday lowered the top end of its fiscal 2009 profit and sales guidance
Sovereign Debt Fears Drag Down World Markets
World stock markets fell Wednesday amid ongoing worries about sovereign credit risks and ahead of a key budgetary policy statement from the British government.
FedEx Raises Earnings on Int'l Shipments Growth
FedEx Corp. has raised its forecast of earnings for the November quarter, citing stronger-than-expected growth in international priority and ground shipments.
Fewer Job Cuts than Expected Keeps Jobless Rate at 9.7%
The unemployment rate held at 9.7 percent in February as employers shed 36,000 jobs, fewer than expected. The figures suggested the job market
Roche Suspends Arthritis Drug Study After Deaths
Swiss pharmaceutical company Roche Group said Monday it has suspended a late-stage trial for a new rheumatoid arthritis and lupus drug
McDonald's Sales Jumped 4.8% on Overseas Growth
McDonald's Corp. said Monday that sales at restaurants open at least a year climbed 4.8 percent in February on strong overseas growth
Toyoda Meets Hatoyama, Vows to Restore Trust
Toyota Motor Corp. President Akio Toyoda met with Japan's prime minister Monday and promised to restore trust in the automaker's cars
World Stocks Up on U.S. Jobs Data, Recovery Hopes
World stock markets gained Monday as a better-than-expected report about the U.S. job market lifted confidence in the economic recovery.
Employer-Consumer Standoff Makes for Slow Recovery
To understand why jobs are so scarce, consider John McFarland and Nicole Rosen. The two share something in common: They're reluctant to spend freely.
Minority Cos. Not Getting Fair Share of Stimulus Bucks
Hispanic and black businesses are receiving a disproportionately small number of federal stimulus contracts, creating a rising chorus of demands
China Faces New Pressures to Let Yuan Rise
China faces mounting pressure from trading partners to loosen currency controls and is giving signs it might raise the value of the yuan to ease ...
CBO Projects Slower Growth, Bigger Deficit Than Obama
A new congressional report released Friday says the United States' long-term fiscal woes are even worse than predicted by President Barack Obama's
Asian American Unemployment Rate Lowest
The report released Friday by the Labor Department for the month of February shows that Asian Americans have the lowest unemployment rate
Indian Conglomerate Buys W. Va. Coal Miner
A subsidiary of Indian conglomerate Essar Group has agreed to buy West Virginia-based Trinity Coal.
TV Fee Disputes Produce Station Blackouts on Cable
Stay tuned for more fee disputes threatening local television stations on cable TV lineups.
Apple Delays iPad Launch
The much-anticipated iPad tablet computer from Apple Inc. will start hitting U.S. store shelves on April 3, slightly later than originally planned.
Akio Toyoda Rallies Workers, Dealers
Toyota President Akio Toyoda urged thousands of his employees Friday to work toward a new start and win back customer trust
Japan Won't Comply with Proposed Bluefin Tuna Ban
apan will not comply if a ban is imposed on international trade in Atlantic bluefin tuna, prized by Japanese for sushi
China Projects Replacing Japan in 2010 As No. 2 Economy
China said Friday it will target economic growth of 8 percent this year, avoiding any slip after it rebounded last year from the world economic ...
TiVo's $300 Mil. Award vs. Dish Affirmed on Appeal
TiVo Inc. prevailed yet again in a long-running dispute with Dish Network Corp. over patents for digital video recorders, as a federal appeals court
Stocks Back in Black for 2010 Ahead of Jobs Data
Optimism about the government's February jobs report sent the Dow Jones industrials back into the black for 2010.
February Retail Strongest Since Before Recession
Shoppers returned to the nation's malls last month, buying a surprising amount of spring clothing and other items and helping stores post the strongest retail ...
Stocks Falter on Pending Home Sales Data
Stocks clung to a tight range Thursday after an unexpected drop in pending home sales raised new concern about the economy.
Informercial King Auditions for Great American Gadget
There wasn't a bottle of Oxiclean or a ShamWow anywhere. But there was Dawn Stephens' nifty new, all-in-one toilet-bowl-cleaning brush.
Asian Stocks Trade in Narrow Range Again
Asian stock markets were little moved in early trading Wednesday after investors in the U.S. seemed to pause and look back on a year of ...
Sony Hopes Sophisticated Motion Controller Is Wii-Killer
Sony has a new message for Nintendo Wii gamers: Come join us. The Japanese maker of the PlayStation 3 unveiled Thursday its highly anticipated motion ...
Surprise Drop in Jobless Rate Spurs Optimism
A surprising drop in the unemployment rate and far fewer job losses last month cheered investors Friday and raised hopes for a sustained economic recovery.
GM Enters India As Junior Partner to China's SAIC
General Motors Co. and its main Chinese partner announced a venture Friday to sell vehicles in India, uniting in the two fastest-growing car markets
Taiwan Gov't to Subsidize World-Leading e-Book Industry
The Taiwan government says it will spend 2 billion New Taiwan dollars ($65 million) to support its electronic-book industry and help makers cash in
Sony Signs Deal to Record World Cup in 3-D
The 2010 World Cup is going 3-D. Sony Corp. said Friday it has signed a deal with FIFA, the international football governing body, to record ...
American Eagle Traffic Jumped 11.7% in November
American Eagle, which does regional flying for American Airlines, flew fuller planes in November as traffic jumped 11.7 percent, outstripping an 6.8 percent
United Airlines Traffic Rose 1.8% in November
United Airlines said Thursday that its traffic rose 1.8 percent in November. That plus a smaller fleet added up to planes that were 80.2 percent ...
Content Takes Center Stage in New Media Landscape
Comcast Corp. is buying control of NBC Universal from GE largely because Comcast wants to own more movies and TV shows.
U.S. Trade Deficit Narrows on Surging Exports
The U.S. trade deficit unexpectedly narrowed in October as exports surged to the highest level in nearly a year. Growing exports, boosted by a weaker ...
U.S.-Japan Open-Skies Pact Ushers in Big Airline Tieups
An aviation agreement between the U.S. and Japan could usher in a new period of closer alliances among the major carriers in both countries.
Volkswagen Begins Production of First India Car
Volkswagen AG started production of its first compact car in India on Saturday, hoping to capture up to 10 percent of the country's fast-growing
Strong Retail Data Drives Up Stocks, Boosts Dollar
Stocks rose Friday after a report on retail sales indicated consumers are picking up their spending.
Wendy's Pulls Out of Japan After 30 Years
Wendy's burger chain will withdraw from Japan, ending a 29-year presence in an Asian market long dominated by McDonald's Corp.
China Tech Purchasing Rule Angers Foreign Firms
Foreign companies are criticizing a new Chinese regulation they fear could block them from the multibillion dollar business of selling high-tech products
China Export Rebound Heartens Asian Markets
China's exports are making a comeback after a jarring slump threw millions out of work, a sign of improving global demand that along with a ...
China Nuokang Bio-Pharma Falls on NY Debut
Shares of China Nuokang Bio-Pharmaceutical Inc. fell nearly 4 percent in their trading debut Thursday after pricing at $9 per American depositary share
AOL Now Independent and Much Shrunken
AOL resumed life as an independent Internet company Thursday as it completed its spinoff from Time Warner Inc. and closed the book on one of ...
Americans' Net Worth Up for 2nd Straight Qtr.
Americans got wealthier for a second straight quarter in the fall, thanks to gains in stock investments and home values.
GE Sees Growth Ahead Despite Profits Drop
General Electric Co.'s fourth-quarter net income fell 19 percent, but the industrial bellwether is seeing signs of stability as it moves into a key rebuilding ...
Indian Gaming Kept Growing Through Recession
The economic downturn has slowed the growth of Indian gaming in America but the industry is faring better than traditional casinos
Panasonic to Buy Control of Sanyo for $4.6 Bil.
Panasonic Corp. said Thursday it will take majority control of Sanyo Electric Co. in a $4.6 billion deal, forging one of the biggest electronics makers
BOA Repays Entire $45 Bil. TARP Bailout
Bank of America Corp. said Wednesday it has repaid the entire $45 billion it owed U.S. taxpayers as part of the Troubled Asset Relief Program.
UAL Seeks Transpacific Joint Venture with ANA
A United Airlines executive says the carrier wants to pursue a joint venture with Continental Airlines and Japan's All Nippon Airways for flights across the ...
Oil Prices Fall Back Down on More Signs of Weak Demand
Oil prices hit two-month lows Wednesday as government data showed that energy demand continues to slump.
Volkswagen Links with Suzuki with 20% Stake
Volkswagen AG will buy a 20 percent stake in Suzuki Motor Corp. for 222.5 billion yen ($2.5 billion), forming one of the world's biggest auto ...
Pepsi Lowers 2009 Profit View, Signs Dr Pepper
PepsiCo Inc., the world's second-biggest soft drink maker, on Tuesday lowered the top end of its fiscal 2009 profit and sales guidance
Sovereign Debt Fears Drag Down World Markets
World stock markets fell Wednesday amid ongoing worries about sovereign credit risks and ahead of a key budgetary policy statement from the British government.
FedEx Raises Earnings on Int'l Shipments Growth
FedEx Corp. has raised its forecast of earnings for the November quarter, citing stronger-than-expected growth in international priority and ground shipments.
Fewer Job Cuts than Expected Keeps Jobless Rate at 9.7%
The unemployment rate held at 9.7 percent in February as employers shed 36,000 jobs, fewer than expected. The figures suggested the job market
Roche Suspends Arthritis Drug Study After Deaths
Swiss pharmaceutical company Roche Group said Monday it has suspended a late-stage trial for a new rheumatoid arthritis and lupus drug
McDonald's Sales Jumped 4.8% on Overseas Growth
McDonald's Corp. said Monday that sales at restaurants open at least a year climbed 4.8 percent in February on strong overseas growth
Toyoda Meets Hatoyama, Vows to Restore Trust
Toyota Motor Corp. President Akio Toyoda met with Japan's prime minister Monday and promised to restore trust in the automaker's cars
World Stocks Up on U.S. Jobs Data, Recovery Hopes
World stock markets gained Monday as a better-than-expected report about the U.S. job market lifted confidence in the economic recovery.
Employer-Consumer Standoff Makes for Slow Recovery
To understand why jobs are so scarce, consider John McFarland and Nicole Rosen. The two share something in common: They're reluctant to spend freely.
Minority Cos. Not Getting Fair Share of Stimulus Bucks
Hispanic and black businesses are receiving a disproportionately small number of federal stimulus contracts, creating a rising chorus of demands
China Faces New Pressures to Let Yuan Rise
China faces mounting pressure from trading partners to loosen currency controls and is giving signs it might raise the value of the yuan to ease ...
CBO Projects Slower Growth, Bigger Deficit Than Obama
A new congressional report released Friday says the United States' long-term fiscal woes are even worse than predicted by President Barack Obama's
Asian American Unemployment Rate Lowest
The report released Friday by the Labor Department for the month of February shows that Asian Americans have the lowest unemployment rate
Indian Conglomerate Buys W. Va. Coal Miner
A subsidiary of Indian conglomerate Essar Group has agreed to buy West Virginia-based Trinity Coal.
TV Fee Disputes Produce Station Blackouts on Cable
Stay tuned for more fee disputes threatening local television stations on cable TV lineups.
Apple Delays iPad Launch
The much-anticipated iPad tablet computer from Apple Inc. will start hitting U.S. store shelves on April 3, slightly later than originally planned.
Akio Toyoda Rallies Workers, Dealers
Toyota President Akio Toyoda urged thousands of his employees Friday to work toward a new start and win back customer trust
Japan Won't Comply with Proposed Bluefin Tuna Ban
apan will not comply if a ban is imposed on international trade in Atlantic bluefin tuna, prized by Japanese for sushi
China Projects Replacing Japan in 2010 As No. 2 Economy
China said Friday it will target economic growth of 8 percent this year, avoiding any slip after it rebounded last year from the world economic ...
TiVo's $300 Mil. Award vs. Dish Affirmed on Appeal
TiVo Inc. prevailed yet again in a long-running dispute with Dish Network Corp. over patents for digital video recorders, as a federal appeals court
Stocks Back in Black for 2010 Ahead of Jobs Data
Optimism about the government's February jobs report sent the Dow Jones industrials back into the black for 2010.
February Retail Strongest Since Before Recession
Shoppers returned to the nation's malls last month, buying a surprising amount of spring clothing and other items and helping stores post the strongest retail ...
Stocks Falter on Pending Home Sales Data
Stocks clung to a tight range Thursday after an unexpected drop in pending home sales raised new concern about the economy.
Informercial King Auditions for Great American Gadget
There wasn't a bottle of Oxiclean or a ShamWow anywhere. But there was Dawn Stephens' nifty new, all-in-one toilet-bowl-cleaning brush.
Asian Stocks Trade in Narrow Range Again
Asian stock markets were little moved in early trading Wednesday after investors in the U.S. seemed to pause and look back on a year of ...
Sony Hopes Sophisticated Motion Controller Is Wii-Killer
Sony has a new message for Nintendo Wii gamers: Come join us. The Japanese maker of the PlayStation 3 unveiled Thursday its highly anticipated motion ...
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