Business
Time Warner Posts Better Than Expected Q1 Profits
Time Warner Inc. said Wednesday that its first-quarter profit fell 14 percent as AOL and publishing results continued to crumble under the weight of deteriorating ...
April Job-Loss Data Offset Fears Over Bank Stress Test
Stock futures reversed an early decline and moved higher Wednesday following data indicating job losses slowed in April. Stock futures had been lower in early ...
Bank of America Told It Needs $34 Bil. More
Bank of America Corp. stock rose in premarket trading after an initial decline, amid reports that it needs $34 billion in new capital.
Disney Profits Cut in Half by Weak Flicks, Parks Slump
The Walt Disney Co. said Tuesday its second-quarter net income fell 46 percent, dragged down by an underperforming movie slate and the impact of the ...
S&P Turns Positive for the Year on Housing Data
The Standard & Poor’s 500 index is up for the year. And for once, it was the housing market that sent stocks soaring. The S&P ...
Taiwanese Tycoon Questions Buffet Bet on Batterymaker
A Taiwanese business tycoon has criticized U.S. investor Warren Buffett’s decision to invest in a Chinese battery and car maker facing a lawsuit accusing it ...
GM to Close Most U.S. Plants for 9 Weeks This Summer
General Motors Corp. is planning to temporarily close most of its U.S. factories for up to nine weeks this summer because of slumping sales and ...
Ford Earnings, Durables Orders Push Wall Street Higher
Stock futures are higher as orders for big-ticket manufactured items fall less than expected in March. The Commerce Department said Friday that orders for durable ...
China's Top Bank Reports 6% Profit Rise
Industrial & Commercial Bank of China Ltd., the country’s biggest commercial lender by assets, said Monday its quarterly profit rose 6 percent from a year ...
Jump in Consumer Confidence Boosts Wall Street
Investors set aside some of their worries about the economy Tuesday after a closely watched measure of consumer confidence soared in April. Stocks fluctuated in ...
Bank of America, Citigroup May Need to Raise More Capital
Bank of America Corp. and Citigroup Inc., which have each received $45 billion in government bailout funds, have been told by regulators that “stress test” ...
Honda Posts Fiscal Year Profits Despite Big Q4 Loss
Honda Motor Co. said Tuesday it overcame a large quarterly loss to book a fiscal year profit that was well above forecasts, and vowed to ...
Mitsui Sumitomo to Buy Nikko Cordial from Citigroup
Major Japanese bank Sumitomo Mitsui Financial Group Inc. has reached a basic agreement to buy a Japan-based brokerage unit from Citigroup Inc. for some 500 ...
Cablevision Unveils Fastest Internet Access
Cablevision Systems Corp. is set to unveil Tuesday the fastest Internet speeds available from any cable or phone company. Starting May 11, the Bethpage, N.Y.-based ...
GM Looks to Become Lean Government-Owned Company
General Motors, once the colossus of American capitalism, will become a leaner, government-owned company if the Obama administration goes along with the automaker’s plan to ...
Seach Engine Baidu Q1 Revenues Jump 41%
Baidu Inc., which runs China’s most popular search engine, said Monday its first-quarter profit grew, boosted by higher online marketing revenue The results sent the ...
GM to Shed Pontiac, Cut 21,000 Factory Jobs
General Motors Corp. said it will cut 21,000 U.S. factory jobs by next year, phase out its storied Pontiac brand and ask the government to ...
U.S. Newspapers Report Steeper Declines
The Audit Bureau of Circulations said Monday that average daily circulation declined 7.1 percent in the October-March period from the same six-month span in 2007-2008. ...
Sharp Posts $1.3 Bil. Loss on Slump in LCDs, Gadgets
Japanese electronics maker Sharp Corp. suffered an annual net loss of 125.8 billion yen ($1.3 billion), its first yearly red ink in nearly six decades, ...
Japan Expects GDP to Shrink 3.3%
The Japanese government said Monday the economy is likely to shrink 3.3 percent this fiscal year, its worst contraction since World War II, as exports ...
Chrysler Keeps Hope Alive with 11th-Hour Labor Deals
It looks like scrappy little Chrysler LLC might yet escape the auctioneer’s gavel. The smallest U.S.-based automaker cleared two major hurdles on Sunday in its ...
Kirin to Buy Australia's Lion Nathan for $4.7 Bil.
Lion Nathan Ltd., the Australian brewer of Tooheys and Hahn beers, said Monday its biggest shareholder, Japan’s Kirin Holdings Co., has agreed to buy the ...
Qualcomm Settles Broadcom Patent Suit for $891 Mil.
Chip maker Qualcomm Inc. said late Sunday it will pay Broadcom Corp. $891 million over four years to settle a longstanding dispute over patents and ...
Consumer Spending May Be Returning to Normal
When the economy screeched to a halt late last year, so did consumer spending, which accounts for 70 percent of all U.S. economic activity. That’s ...
Time Warner Posts Better Than Expected Q1 Profits
Time Warner Inc. said Wednesday that its first-quarter profit fell 14 percent as AOL and publishing results continued to crumble under the weight of deteriorating ...
April Job-Loss Data Offset Fears Over Bank Stress Test
Stock futures reversed an early decline and moved higher Wednesday following data indicating job losses slowed in April. Stock futures had been lower in early ...
Bank of America Told It Needs $34 Bil. More
Bank of America Corp. stock rose in premarket trading after an initial decline, amid reports that it needs $34 billion in new capital.
Disney Profits Cut in Half by Weak Flicks, Parks Slump
The Walt Disney Co. said Tuesday its second-quarter net income fell 46 percent, dragged down by an underperforming movie slate and the impact of the ...
S&P Turns Positive for the Year on Housing Data
The Standard & Poor’s 500 index is up for the year. And for once, it was the housing market that sent stocks soaring. The S&P ...
Taiwanese Tycoon Questions Buffet Bet on Batterymaker
A Taiwanese business tycoon has criticized U.S. investor Warren Buffett’s decision to invest in a Chinese battery and car maker facing a lawsuit accusing it ...
GM to Close Most U.S. Plants for 9 Weeks This Summer
General Motors Corp. is planning to temporarily close most of its U.S. factories for up to nine weeks this summer because of slumping sales and ...
Ford Earnings, Durables Orders Push Wall Street Higher
Stock futures are higher as orders for big-ticket manufactured items fall less than expected in March. The Commerce Department said Friday that orders for durable ...
China's Top Bank Reports 6% Profit Rise
Industrial & Commercial Bank of China Ltd., the country’s biggest commercial lender by assets, said Monday its quarterly profit rose 6 percent from a year ...
Jump in Consumer Confidence Boosts Wall Street
Investors set aside some of their worries about the economy Tuesday after a closely watched measure of consumer confidence soared in April. Stocks fluctuated in ...
Bank of America, Citigroup May Need to Raise More Capital
Bank of America Corp. and Citigroup Inc., which have each received $45 billion in government bailout funds, have been told by regulators that “stress test” ...
Honda Posts Fiscal Year Profits Despite Big Q4 Loss
Honda Motor Co. said Tuesday it overcame a large quarterly loss to book a fiscal year profit that was well above forecasts, and vowed to ...
Mitsui Sumitomo to Buy Nikko Cordial from Citigroup
Major Japanese bank Sumitomo Mitsui Financial Group Inc. has reached a basic agreement to buy a Japan-based brokerage unit from Citigroup Inc. for some 500 ...
Cablevision Unveils Fastest Internet Access
Cablevision Systems Corp. is set to unveil Tuesday the fastest Internet speeds available from any cable or phone company. Starting May 11, the Bethpage, N.Y.-based ...
GM Looks to Become Lean Government-Owned Company
General Motors, once the colossus of American capitalism, will become a leaner, government-owned company if the Obama administration goes along with the automaker’s plan to ...
Seach Engine Baidu Q1 Revenues Jump 41%
Baidu Inc., which runs China’s most popular search engine, said Monday its first-quarter profit grew, boosted by higher online marketing revenue The results sent the ...
GM to Shed Pontiac, Cut 21,000 Factory Jobs
General Motors Corp. said it will cut 21,000 U.S. factory jobs by next year, phase out its storied Pontiac brand and ask the government to ...
U.S. Newspapers Report Steeper Declines
The Audit Bureau of Circulations said Monday that average daily circulation declined 7.1 percent in the October-March period from the same six-month span in 2007-2008. ...
Sharp Posts $1.3 Bil. Loss on Slump in LCDs, Gadgets
Japanese electronics maker Sharp Corp. suffered an annual net loss of 125.8 billion yen ($1.3 billion), its first yearly red ink in nearly six decades, ...
Japan Expects GDP to Shrink 3.3%
The Japanese government said Monday the economy is likely to shrink 3.3 percent this fiscal year, its worst contraction since World War II, as exports ...
Chrysler Keeps Hope Alive with 11th-Hour Labor Deals
It looks like scrappy little Chrysler LLC might yet escape the auctioneer’s gavel. The smallest U.S.-based automaker cleared two major hurdles on Sunday in its ...
Kirin to Buy Australia's Lion Nathan for $4.7 Bil.
Lion Nathan Ltd., the Australian brewer of Tooheys and Hahn beers, said Monday its biggest shareholder, Japan’s Kirin Holdings Co., has agreed to buy the ...
Qualcomm Settles Broadcom Patent Suit for $891 Mil.
Chip maker Qualcomm Inc. said late Sunday it will pay Broadcom Corp. $891 million over four years to settle a longstanding dispute over patents and ...
Consumer Spending May Be Returning to Normal
When the economy screeched to a halt late last year, so did consumer spending, which accounts for 70 percent of all U.S. economic activity. That’s ...
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