World Bank Raises China Growth Outlook
China's rapid growth is easing to a manageable pace and Beijing can do more to reconfigure its economy to promote domestic consumption and reduce
Business
Asia Stocks Rise on Fed Stimulus Plan
Asian stock markets climbed on Thursday as investors took heart from the Federal Reserve's plan to buy $600 billion in government bonds
GM Predicts $2.1 Bil. Earnings Ahead of IPO
General Motors Co. is forecasting that it earned as much as $2.1 billion from July to September, a strong financial performance as the company
QE2 Risks Dollar Plunge, New Speculative Bubble
The Federal Reserve is making a high-stakes bet in the hope of getting the economy steaming along again. Nobody is sure the Fed's best efforts
Dow Hits 2-Year High on $600 Bil. Stimulus Plan
The Dow Jones industrial average reached its highest level in two years Wednesday after the Federal Reserve announced plans to buy $600 billion
T-Mobile Touts Upgraded 3G Network As 4G
Sprint Nextel Corp. and Verizon Wireless are building wireless data networks using new technologies that the industry calls fourth-generation
U.S. Auto Sales Jump on Returning Confidence
U.S. auto sales rose in October as buyers grew more confident in the economy and new models drew them into dealerships.
Galaxy Tablet Release Fuels Samsung-Apple Rivalry
Samsung Electronics has timed the unveiling of its Galaxy Tab tablet PC in Korea for Thursday to coincide with the debut of Apple's MacBook Air ...
Economists See Silver Lining in Impending Gridlock
The Republicans' sweeping gains in Tuesday's elections hardly guarantee they can enact their own prescriptions for the ailing economy.
Clothing Sales Surprisingly Strong in October
After a last-minute back-to-school buying spree, Americans appeared to have taken a shopping pause in October, resulting in a mixed retail sales picture.
Panasonic Invests $30 Mil. in Tesla Motors
Panasonic Corp. is investing $30 million in Tesla Motors Inc., the U.S. maker of electric sports cars, eyeing expansion in the global market for green
Asia Stocks Rise As GOP Piles Up House Seats
Asian stocks were mostly higher Wednesday as markets digested news that Republicans gained control of the House in midterm U.S. elections
Ford, GM Valuations Rely Increasingly on Global Sales
If investors pay what General Motors hopes to get for its stock in a planned IPO, they'll have to buy the logic that the company's ...
14.4% of U.S. Homes Vacant As Ownership Falls
The nation's homeownership rate remained at its lowest in more than a decade, hampered by a rise in foreclosures and weak demand for housing.
Oracle to Pay $1 Bil. for E-Commerce Software Firm
Business software maker Oracle said Tuesday it has agreed to acquire e-commerce software maker Art Technology Group Inc. for $1 billion in cash.
Mastercard Profits Rise 15% on More Card Use
MasterCard Inc. says heavier use of credit and debit cards overseas helped push third-quarter profits up by nearly 15 percent.
Pfizer Profits Plunge on Wyeth Acquisition Costs
Pharmaceutical giant Pfizer Inc. said Tuesday that revenue in the third quarter jumped 39 percent due to its acquisition of fellow drugmaker Wyeth
Boeing Lifts 20-Year China Forecast on Travel Boom
Boeing Co. raised its 20-year forecast of China's demand for commercial aircraft due to strong economic growth and more competitive Chinese carriers.
Private Employers Added 159,000 Workers in Oct.
The economy generated a net gain in jobs for the first time in five months in October, as businesses stepped up their painfully slow pace ...
Hard Times Strip Away Old Shopping Stigmas
The Goodwill store in this middle-class New York suburb is buzzing on a recent weekend afternoon. A steady flow of shoppers comb through racks filled
German Exports Surged 22.5% in September
Germany's Federal Statistics Office says exports rose 22.5 percent in September compared the same month a year ago as the country continues
China Criticizes Fed's Bond Repurchase Plan
The U.S. Federal Reserve's move to pump hundreds of billions of dollars into the financial system will bring greater volatility to markets worldwide
Diesel Shortage Disrupts China Economy
Aggravated Chinese truck drivers parked for hours to buy rationed diesel Monday as shortages blamed on a government conservation campaign
New Grand Cherokee Boosts Chrysler Sales
Chrysler cut its losses in half between the second and third quarters as a new version of the Jeep Grand Cherokee notched strong sales. The ...
China Already World's Top Market for BMW 7 Series
China is already the top market for BMW's luxurious 7-series sedans, the company revealed. It also forecast that China will become its top all-around market
Korean Battery Picked for Chrysler Electric Car
SB LiMotive announced Sunday that it will supply the lithium-ion batteries that will power Chrysler's Fiat 500 EV electric car scheduled for 2012 debut.
Economy Recovers but New Spending Habits Linger
Layaway, once the province of the poor, has gone mainstream. At the Mall of America in Minnesota, shoppers dart in for just one or two ...
Pending Home Sales Drop in September
The number of people who signed contracts to buy homes fell in September after two months of gains, a possible fallout from foreclosure moratoriums
U.S. Manufacturing Surged in October
Manufacturing activity expanded last month at the fastest pace since May due to a surge in new orders and production.
Toyota Profits Quadruple to $1.2 Bil.
Toyota's second quarter profit more than quadrupled on a sales recovery despite lingering worries about the quality of its cars after massive recalls.
Bridgestone Returns to Profit on Tire Demand
Bridgestone Corp. said Friday its earnings are continuing to recover this year as demand for its tires improves, especially at home in Japan.
Shanghai Readies Deal for Next Disneyland
Just days after Shanghai wrapped up its role as host to the World Expo, China's commercial capital is setting its sights on another big tourism ...
GM Leads IPO Pitch with China Growth
General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company's chief financial officer said Thursday
Trucks Outsell Cars by Biggest Margin in 5 Years
Trucks outsold cars by the highest margin in nearly five years in October, a small sign that the economy may be starting to improve.
New Jobless Claims Jump After Declines
The number of people seeking jobless benefits jumped sharply last week, after two straight weeks of declines.
Retailers Post Big Sales Gains by Discounting
Retailers are reporting solid revenue gains for October. But it took heavy discounting on coats and other cold-weather items to get shoppers to spend
Ford, GM China Sales Surge in October
General Motors Co. says it is set to sell more than 2 million vehicles in China this year after posting record sales for October.
P&G Grows Sales on Big Brands, Emerging Markets
Procter & Gamble Co. is slowly luring back budget-battered consumers to its big brands, while attracting new buyers around the globe by getting
Daimler Profits Surge Amid Boom in China, U.S. Sales
Car maker Daimler AG's third-quarter net earnings surged as strong sales in China and the U.S. helped push revenue 30 percent higher
Nissan Recalls 2.1 Mil. Cars for Ignition Glitch
Nissan is recalling 2.14 million vehicles worldwide including the popular March and Mycra subcompacts for an ignition problem that may stall the engine
Japan Central Bank Issues Gloomy Growth Forecast
Japan's central bank cut its economic growth forecasts Thursday and kept interest rates near zero, as the export-reliant nation confronts a strong yen
Sharp Rebounds to Profit, Cuts Forecast
A strong yen forced Japan's Sharp Corp. to cut its earnings forecast even as first-half profit rebounded on improved sales of home appliances
Nintendo Sinks into Red for 1st Half
Nintendo sank into the red for the fiscal first half, battered by a rising yen that hurts exports and plunging sales as demand for its ...
Hyundai Profits Match Record on Sales Growth
Hyundai Motor's net profit rose 38 percent in the third quarter on higher sales as growth in emerging markets like China and India helped the ...
Hynix Profits Quadruple to Record on Chip Demand
Hynix Semiconductor, the world's second-largest manufacturer of computer memory chips, said third-quarter net profit more than quadrupled
Wells Fargo Admits Errors in 55,000 Foreclosures
Wells Fargo admitted Wednesday it made mistakes in the paperwork for thousands of foreclosure cases and promised to fix them.
Yahoo Hires News Corp Exec to Boost Ad Sales
ahoo Inc. is turning to a former Internet sharpshooter at News Corp.'s media empire to fill a big hole on its management team.
Microsoft Beats Views on Rising Business Spending
A swell of spending by businesses on new computers, software and servers helped push Microsoft Corp.'s earnings for the most recent quarter
New MacBook Air Thin, Pricey, Under-Powered
The first MacBook Air laptop hit the catwalk in 2008 as an elegant but somewhat impractical statement about how far Apple would go to make
World Bank Raises China Growth Outlook
China's rapid growth is easing to a manageable pace and Beijing can do more to reconfigure its economy to promote domestic consumption and reduce
Asia Stocks Rise on Fed Stimulus Plan
Asian stock markets climbed on Thursday as investors took heart from the Federal Reserve's plan to buy $600 billion in government bonds
GM Predicts $2.1 Bil. Earnings Ahead of IPO
General Motors Co. is forecasting that it earned as much as $2.1 billion from July to September, a strong financial performance as the company
QE2 Risks Dollar Plunge, New Speculative Bubble
The Federal Reserve is making a high-stakes bet in the hope of getting the economy steaming along again. Nobody is sure the Fed's best efforts
Dow Hits 2-Year High on $600 Bil. Stimulus Plan
The Dow Jones industrial average reached its highest level in two years Wednesday after the Federal Reserve announced plans to buy $600 billion
T-Mobile Touts Upgraded 3G Network As 4G
Sprint Nextel Corp. and Verizon Wireless are building wireless data networks using new technologies that the industry calls fourth-generation
U.S. Auto Sales Jump on Returning Confidence
U.S. auto sales rose in October as buyers grew more confident in the economy and new models drew them into dealerships.
Galaxy Tablet Release Fuels Samsung-Apple Rivalry
Samsung Electronics has timed the unveiling of its Galaxy Tab tablet PC in Korea for Thursday to coincide with the debut of Apple's MacBook Air ...
Economists See Silver Lining in Impending Gridlock
The Republicans' sweeping gains in Tuesday's elections hardly guarantee they can enact their own prescriptions for the ailing economy.
Clothing Sales Surprisingly Strong in October
After a last-minute back-to-school buying spree, Americans appeared to have taken a shopping pause in October, resulting in a mixed retail sales picture.
Panasonic Invests $30 Mil. in Tesla Motors
Panasonic Corp. is investing $30 million in Tesla Motors Inc., the U.S. maker of electric sports cars, eyeing expansion in the global market for green
Asia Stocks Rise As GOP Piles Up House Seats
Asian stocks were mostly higher Wednesday as markets digested news that Republicans gained control of the House in midterm U.S. elections
Ford, GM Valuations Rely Increasingly on Global Sales
If investors pay what General Motors hopes to get for its stock in a planned IPO, they'll have to buy the logic that the company's ...
14.4% of U.S. Homes Vacant As Ownership Falls
The nation's homeownership rate remained at its lowest in more than a decade, hampered by a rise in foreclosures and weak demand for housing.
Oracle to Pay $1 Bil. for E-Commerce Software Firm
Business software maker Oracle said Tuesday it has agreed to acquire e-commerce software maker Art Technology Group Inc. for $1 billion in cash.
Mastercard Profits Rise 15% on More Card Use
MasterCard Inc. says heavier use of credit and debit cards overseas helped push third-quarter profits up by nearly 15 percent.
Pfizer Profits Plunge on Wyeth Acquisition Costs
Pharmaceutical giant Pfizer Inc. said Tuesday that revenue in the third quarter jumped 39 percent due to its acquisition of fellow drugmaker Wyeth
Boeing Lifts 20-Year China Forecast on Travel Boom
Boeing Co. raised its 20-year forecast of China's demand for commercial aircraft due to strong economic growth and more competitive Chinese carriers.
Private Employers Added 159,000 Workers in Oct.
The economy generated a net gain in jobs for the first time in five months in October, as businesses stepped up their painfully slow pace ...
Hard Times Strip Away Old Shopping Stigmas
The Goodwill store in this middle-class New York suburb is buzzing on a recent weekend afternoon. A steady flow of shoppers comb through racks filled
German Exports Surged 22.5% in September
Germany's Federal Statistics Office says exports rose 22.5 percent in September compared the same month a year ago as the country continues
China Criticizes Fed's Bond Repurchase Plan
The U.S. Federal Reserve's move to pump hundreds of billions of dollars into the financial system will bring greater volatility to markets worldwide
Diesel Shortage Disrupts China Economy
Aggravated Chinese truck drivers parked for hours to buy rationed diesel Monday as shortages blamed on a government conservation campaign
New Grand Cherokee Boosts Chrysler Sales
Chrysler cut its losses in half between the second and third quarters as a new version of the Jeep Grand Cherokee notched strong sales. The ...
China Already World's Top Market for BMW 7 Series
China is already the top market for BMW's luxurious 7-series sedans, the company revealed. It also forecast that China will become its top all-around market
Korean Battery Picked for Chrysler Electric Car
SB LiMotive announced Sunday that it will supply the lithium-ion batteries that will power Chrysler's Fiat 500 EV electric car scheduled for 2012 debut.
Economy Recovers but New Spending Habits Linger
Layaway, once the province of the poor, has gone mainstream. At the Mall of America in Minnesota, shoppers dart in for just one or two ...
Pending Home Sales Drop in September
The number of people who signed contracts to buy homes fell in September after two months of gains, a possible fallout from foreclosure moratoriums
U.S. Manufacturing Surged in October
Manufacturing activity expanded last month at the fastest pace since May due to a surge in new orders and production.
Toyota Profits Quadruple to $1.2 Bil.
Toyota's second quarter profit more than quadrupled on a sales recovery despite lingering worries about the quality of its cars after massive recalls.
Bridgestone Returns to Profit on Tire Demand
Bridgestone Corp. said Friday its earnings are continuing to recover this year as demand for its tires improves, especially at home in Japan.
Shanghai Readies Deal for Next Disneyland
Just days after Shanghai wrapped up its role as host to the World Expo, China's commercial capital is setting its sights on another big tourism ...
GM Leads IPO Pitch with China Growth
General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company's chief financial officer said Thursday
Trucks Outsell Cars by Biggest Margin in 5 Years
Trucks outsold cars by the highest margin in nearly five years in October, a small sign that the economy may be starting to improve.
New Jobless Claims Jump After Declines
The number of people seeking jobless benefits jumped sharply last week, after two straight weeks of declines.
Retailers Post Big Sales Gains by Discounting
Retailers are reporting solid revenue gains for October. But it took heavy discounting on coats and other cold-weather items to get shoppers to spend
Ford, GM China Sales Surge in October
General Motors Co. says it is set to sell more than 2 million vehicles in China this year after posting record sales for October.
P&G Grows Sales on Big Brands, Emerging Markets
Procter & Gamble Co. is slowly luring back budget-battered consumers to its big brands, while attracting new buyers around the globe by getting
Daimler Profits Surge Amid Boom in China, U.S. Sales
Car maker Daimler AG's third-quarter net earnings surged as strong sales in China and the U.S. helped push revenue 30 percent higher
Nissan Recalls 2.1 Mil. Cars for Ignition Glitch
Nissan is recalling 2.14 million vehicles worldwide including the popular March and Mycra subcompacts for an ignition problem that may stall the engine
Japan Central Bank Issues Gloomy Growth Forecast
Japan's central bank cut its economic growth forecasts Thursday and kept interest rates near zero, as the export-reliant nation confronts a strong yen
Sharp Rebounds to Profit, Cuts Forecast
A strong yen forced Japan's Sharp Corp. to cut its earnings forecast even as first-half profit rebounded on improved sales of home appliances
Nintendo Sinks into Red for 1st Half
Nintendo sank into the red for the fiscal first half, battered by a rising yen that hurts exports and plunging sales as demand for its ...
Hyundai Profits Match Record on Sales Growth
Hyundai Motor's net profit rose 38 percent in the third quarter on higher sales as growth in emerging markets like China and India helped the ...
Hynix Profits Quadruple to Record on Chip Demand
Hynix Semiconductor, the world's second-largest manufacturer of computer memory chips, said third-quarter net profit more than quadrupled
Wells Fargo Admits Errors in 55,000 Foreclosures
Wells Fargo admitted Wednesday it made mistakes in the paperwork for thousands of foreclosure cases and promised to fix them.
Yahoo Hires News Corp Exec to Boost Ad Sales
ahoo Inc. is turning to a former Internet sharpshooter at News Corp.'s media empire to fill a big hole on its management team.
Microsoft Beats Views on Rising Business Spending
A swell of spending by businesses on new computers, software and servers helped push Microsoft Corp.'s earnings for the most recent quarter
New MacBook Air Thin, Pricey, Under-Powered
The first MacBook Air laptop hit the catwalk in 2008 as an elegant but somewhat impractical statement about how far Apple would go to make
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