China Raises Big Bank Reserve Ratio for 2 Months
China has raised reserve requirements for the six biggest commercial banks by 50 basis points on a temporary basis to cut the money supply
Business
Google Tests Self-Driving Cars on Calif. Roads
Google Inc. is road-testing cars that steer, stop and start without a human driver, the company says.
China Signals Gradual Rise in Yuan Value
The head of China's central bank says he agrees that appreciation of his country's currency should accelerate but repeated Beijing's insistence
China Oil Co Signs Big Gas Deal with French Utility
Chinese offshore oil and gas company CNOOC agreed Saturday to buy 2.6 million tons of liquefied natural gas from French utility GDF Suez SA.
Wholesale Buying, Inventories Rise
Businesses have been restocking store shelves since the recession ended, a sign that they expect the economic recovery to continue.
95,000 Jobs Lost in Sept on Massive Gov't Layoffs
A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 ...
China Launches Quest for Domestic Potash Sources
China has launched a search for domestic sources of potash to ensure stable supplies of the mineral used in fertilizer, a state news agency said ...
Honda Fit Hybrid Goes on Sale in Japan
Honda's new hybrid Fit subcompact went on sale in Japan on Friday as the automaker expands its green car lineup that already includes the Insight
PayPal iPhone App Allows Check Deposits
Betting you wouldn't trek to your bank or the closest ATM if you didn't have to, PayPal has added a feature to its free iPhone ...
Japan Approves New $61 Bil. Stimulus Package
The Japanese Cabinet has approved 5.05 trillion yen ($61 billion) in new measures to stimulate the country's economy.
Microsoft, Alibaba Test New China Search Engine
Microsoft Corp. and Alibaba Group, China's biggest e-commerce site, are testing a search service, adding a new competitor to a crowded Chinese
Google Profits Jump 32% on Soaring Ad Sales
Google said Thursday that its net income jumped 32 percent to beat Wall Street's expectations. That's despite adding 1,500 workers in the quarter and spending
Mortgage Rates Fall to 4.19%, Lowest in Decades
Rates on 30-year mortgages fell to 4.19 percent, the lowest level in decades. They were pushed down by lower Treasury bond yields.
Jobless Claims Rise Slightly to 462,000
Applications for jobless benefits rose last week for the first time in three weeks, evidence that companies are reluctant to hire in a slow economy.
Wholesale Prices Rise on Food, Energy Costs
Wholesale prices rose last month due to higher costs for food and energy. But the increase isn't likely to spark fears of widespread inflation.
Trade Deficit Surges As Businesses Restock
The U.S. trade deficit widened sharply in August, reflecting a surge in imports of consumer products as businesses restocked their shelves in hopes
Apple Set to Unveil Next Version of Mac OS X
Apple is inviting media to its Cupertino, Calif., headquarters for a Macintosh computer-related event on Oct. 20.
Dollar Hits 15-Year Low Against Yen
The dollar hit a fresh 15-year-low against the yen in Tokyo Thursday amid growing speculation that the Federal Reserve will ease monetary policy next month.
Asia Stocks Rise on Strong U.S. Earnings
Asian stock markets advanced in early trading Thursday, lifted by better-than-expected earnings results from U.S. corporate bellwethers
HTC G2 Impressive on T-Mobile's Faster Network
Two years ago, the Android invasion began when T-Mobile released the first smart phone running Google's Android operating system, HTC's G1.
Consumers Cut Credit Card Use for 24th Month
Consumer borrowing fell again in August as consumers cut back on credit card use for the 24th consecutive month, the Federal Reserve said Thursday.
World Stocks Rise on Surging Intel Sales
World stocks rallied Wednesday after the Federal Reserve cemented expectations it will further boost the faltering U.S. economy at its next rate-setting
Eurozone Industrial Output Rises 1%
Industrial output in the 16 countries that use the euro rose by a monthly 1 percent in August, official figures showed Wednesday, easing concerns
Burberry to Expand Stores 25% on Strong Profits
Luxury goods company Burberry Group says sales rose by 17 percent in the first half of its financial year, and it expects a full-year profit ...
China Sept. Trade Surplus Shrinks to $16.9 Bil.
China's September trade surplus stayed high at $16.9 billion amid pressure from Washington and others to ease currency controls they blame
Strong Intel Sales, Profits Augur Well for PC Sales
Intel Corp. offered an encouraging sign Tuesday for what the computer industry might expect from the all-important holiday shopping season.
Weak Dollar Brings Pros, Cons for Consumers
The way investors have unloaded the U.S. dollar lately, you'd think it was kryptonite. It has fallen 10 percent against the euro in just three ...
Fed Leans toward 2-Step Stimulus
The Federal Reserve is leaning toward taking two steps to boost the economy: Buying more Treasury bonds to drive down loan rates, and signaling
Apple Shares Touch New Record on iPad Hopes
Apple Inc.'s stock flirted with $300 Tuesday as investors high on the iPad's promise pushed shares to a record peak. Analysts see few reasons
Google to Build Off-Shore Wind Farms
Google will invest heavily in a network of deepwater transmission lines to bring power from offshore wind farms, yet to be built, to states along ...
Toshiba Unveils Glasses-Free 3-D TVs
Toshiba Corp. believes it has a solution for television viewers who like 3-D but hate the glasses.
Eurozone Retail Sales Fell Unexpectedly in August
Retail sales in the 16 countries that use the euro unexpectedly fell during August, official figures showed Tuesday, in another sign
Japan Cuts Key Interest Rate to Near Zero
Japan's central bank has cut its key interest rate to a range of zero to 0.1 percent, effectively introducing a zero interest rate policy.
Content Partners Sign Up for Google TV's October Launch
Google Inc.'s effort to wed Web surfing with television viewing is gathering more support from major media outlets that distribute some
Foreigners Find Irresistable Deals in U.S. Housing Bust
The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom.
Feds Sue 3 Major Credit Card Cos., Settle with 2
The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement
Toyota Repaired 3.7 Mil. Cars Under Recalls
Toyota Motor Corp. said Monday it had fixed about 3.7 million vehicles in the United States as part of its massive safety recalls, citing progress
Poor Americans Bear High Cost of Going Bankless
The nickel-and-diming never stopped. The fees were constant: $28 to cash a paycheck. $1.50 for a money order.
Asia Stocks Up, Europe Down Ahead of U.S. Data
The continued relative strength of the yen hurt Japanese stocks earlier and the Nikkei 225 stock average closed down 23.17 points
Sanofi-Aventis Launches Hostile Bid for Genzyme
France's Sanofi-Aventis on Monday launched an $18.5 billion hostile takeover offer for Genzyme Corp., stepping up its effort to capture
Japanese Stocks Lead World Markets After Rate Cut
Japanese stocks led world markets higher Tuesday after the country's central bank surprised investors by effectively cutting its main interest rate
Verizon Wireless May Refund $90 Mil. in Web Fees
Verizon Wireless could pay out up to $90 million in refunds to cell phone customers who were improperly charged for inadvertent Web access or data
BOA Forced to Delay Foreclosures in 23 States
Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners
Microsoft Sues Motorola on Smart Phone Patents
Microsoft Corp. is suing Motorola Inc. for infringing on its smart-phone patents.
Car Sales Surge Mostly on New Crossovers
New models and Labor Day promotions didn't do much to fire Americans' appetites for new cars in September.
Manufacturing Expands for 14th Straight Month
Manufacturing activity expanded in September for the 14th straight month, although at the slowest pace since November.
Incomes, Spending Both Rose in August
Consumer spending rose by a moderate amount in August while incomes increased by the largest amount in eight months, a gain that was propelled
United, Continental Merge to Become World's No. 1
United and Continental closed a deal on Friday that will create a new No. 1 airline in the world, ending Delta's two-year hold on the ...
Eurozone Unemployment at 10.1% in August
Unemployment in the 16 countries that use the euro remained unchanged at 10.1 percent in August despite a stronger than anticipated economic recovery
BP Says It Paid $11.2 Bil. on Gulf Oil Spill Claims
BP PLC said Friday that it has pledged royalty revenues from several Gulf of Mexico assets to guarantee payment of claims from the disastrous
China Raises Big Bank Reserve Ratio for 2 Months
China has raised reserve requirements for the six biggest commercial banks by 50 basis points on a temporary basis to cut the money supply
Google Tests Self-Driving Cars on Calif. Roads
Google Inc. is road-testing cars that steer, stop and start without a human driver, the company says.
China Signals Gradual Rise in Yuan Value
The head of China's central bank says he agrees that appreciation of his country's currency should accelerate but repeated Beijing's insistence
China Oil Co Signs Big Gas Deal with French Utility
Chinese offshore oil and gas company CNOOC agreed Saturday to buy 2.6 million tons of liquefied natural gas from French utility GDF Suez SA.
Wholesale Buying, Inventories Rise
Businesses have been restocking store shelves since the recession ended, a sign that they expect the economic recovery to continue.
95,000 Jobs Lost in Sept on Massive Gov't Layoffs
A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 ...
China Launches Quest for Domestic Potash Sources
China has launched a search for domestic sources of potash to ensure stable supplies of the mineral used in fertilizer, a state news agency said ...
Honda Fit Hybrid Goes on Sale in Japan
Honda's new hybrid Fit subcompact went on sale in Japan on Friday as the automaker expands its green car lineup that already includes the Insight
PayPal iPhone App Allows Check Deposits
Betting you wouldn't trek to your bank or the closest ATM if you didn't have to, PayPal has added a feature to its free iPhone ...
Japan Approves New $61 Bil. Stimulus Package
The Japanese Cabinet has approved 5.05 trillion yen ($61 billion) in new measures to stimulate the country's economy.
Microsoft, Alibaba Test New China Search Engine
Microsoft Corp. and Alibaba Group, China's biggest e-commerce site, are testing a search service, adding a new competitor to a crowded Chinese
Google Profits Jump 32% on Soaring Ad Sales
Google said Thursday that its net income jumped 32 percent to beat Wall Street's expectations. That's despite adding 1,500 workers in the quarter and spending
Mortgage Rates Fall to 4.19%, Lowest in Decades
Rates on 30-year mortgages fell to 4.19 percent, the lowest level in decades. They were pushed down by lower Treasury bond yields.
Jobless Claims Rise Slightly to 462,000
Applications for jobless benefits rose last week for the first time in three weeks, evidence that companies are reluctant to hire in a slow economy.
Wholesale Prices Rise on Food, Energy Costs
Wholesale prices rose last month due to higher costs for food and energy. But the increase isn't likely to spark fears of widespread inflation.
Trade Deficit Surges As Businesses Restock
The U.S. trade deficit widened sharply in August, reflecting a surge in imports of consumer products as businesses restocked their shelves in hopes
Apple Set to Unveil Next Version of Mac OS X
Apple is inviting media to its Cupertino, Calif., headquarters for a Macintosh computer-related event on Oct. 20.
Dollar Hits 15-Year Low Against Yen
The dollar hit a fresh 15-year-low against the yen in Tokyo Thursday amid growing speculation that the Federal Reserve will ease monetary policy next month.
Asia Stocks Rise on Strong U.S. Earnings
Asian stock markets advanced in early trading Thursday, lifted by better-than-expected earnings results from U.S. corporate bellwethers
HTC G2 Impressive on T-Mobile's Faster Network
Two years ago, the Android invasion began when T-Mobile released the first smart phone running Google's Android operating system, HTC's G1.
Consumers Cut Credit Card Use for 24th Month
Consumer borrowing fell again in August as consumers cut back on credit card use for the 24th consecutive month, the Federal Reserve said Thursday.
World Stocks Rise on Surging Intel Sales
World stocks rallied Wednesday after the Federal Reserve cemented expectations it will further boost the faltering U.S. economy at its next rate-setting
Eurozone Industrial Output Rises 1%
Industrial output in the 16 countries that use the euro rose by a monthly 1 percent in August, official figures showed Wednesday, easing concerns
Burberry to Expand Stores 25% on Strong Profits
Luxury goods company Burberry Group says sales rose by 17 percent in the first half of its financial year, and it expects a full-year profit ...
China Sept. Trade Surplus Shrinks to $16.9 Bil.
China's September trade surplus stayed high at $16.9 billion amid pressure from Washington and others to ease currency controls they blame
Strong Intel Sales, Profits Augur Well for PC Sales
Intel Corp. offered an encouraging sign Tuesday for what the computer industry might expect from the all-important holiday shopping season.
Weak Dollar Brings Pros, Cons for Consumers
The way investors have unloaded the U.S. dollar lately, you'd think it was kryptonite. It has fallen 10 percent against the euro in just three ...
Fed Leans toward 2-Step Stimulus
The Federal Reserve is leaning toward taking two steps to boost the economy: Buying more Treasury bonds to drive down loan rates, and signaling
Apple Shares Touch New Record on iPad Hopes
Apple Inc.'s stock flirted with $300 Tuesday as investors high on the iPad's promise pushed shares to a record peak. Analysts see few reasons
Google to Build Off-Shore Wind Farms
Google will invest heavily in a network of deepwater transmission lines to bring power from offshore wind farms, yet to be built, to states along ...
Toshiba Unveils Glasses-Free 3-D TVs
Toshiba Corp. believes it has a solution for television viewers who like 3-D but hate the glasses.
Eurozone Retail Sales Fell Unexpectedly in August
Retail sales in the 16 countries that use the euro unexpectedly fell during August, official figures showed Tuesday, in another sign
Japan Cuts Key Interest Rate to Near Zero
Japan's central bank has cut its key interest rate to a range of zero to 0.1 percent, effectively introducing a zero interest rate policy.
Content Partners Sign Up for Google TV's October Launch
Google Inc.'s effort to wed Web surfing with television viewing is gathering more support from major media outlets that distribute some
Foreigners Find Irresistable Deals in U.S. Housing Bust
The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom.
Feds Sue 3 Major Credit Card Cos., Settle with 2
The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement
Toyota Repaired 3.7 Mil. Cars Under Recalls
Toyota Motor Corp. said Monday it had fixed about 3.7 million vehicles in the United States as part of its massive safety recalls, citing progress
Poor Americans Bear High Cost of Going Bankless
The nickel-and-diming never stopped. The fees were constant: $28 to cash a paycheck. $1.50 for a money order.
Asia Stocks Up, Europe Down Ahead of U.S. Data
The continued relative strength of the yen hurt Japanese stocks earlier and the Nikkei 225 stock average closed down 23.17 points
Sanofi-Aventis Launches Hostile Bid for Genzyme
France's Sanofi-Aventis on Monday launched an $18.5 billion hostile takeover offer for Genzyme Corp., stepping up its effort to capture
Japanese Stocks Lead World Markets After Rate Cut
Japanese stocks led world markets higher Tuesday after the country's central bank surprised investors by effectively cutting its main interest rate
Verizon Wireless May Refund $90 Mil. in Web Fees
Verizon Wireless could pay out up to $90 million in refunds to cell phone customers who were improperly charged for inadvertent Web access or data
BOA Forced to Delay Foreclosures in 23 States
Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners
Microsoft Sues Motorola on Smart Phone Patents
Microsoft Corp. is suing Motorola Inc. for infringing on its smart-phone patents.
Car Sales Surge Mostly on New Crossovers
New models and Labor Day promotions didn't do much to fire Americans' appetites for new cars in September.
Manufacturing Expands for 14th Straight Month
Manufacturing activity expanded in September for the 14th straight month, although at the slowest pace since November.
Incomes, Spending Both Rose in August
Consumer spending rose by a moderate amount in August while incomes increased by the largest amount in eight months, a gain that was propelled
United, Continental Merge to Become World's No. 1
United and Continental closed a deal on Friday that will create a new No. 1 airline in the world, ending Delta's two-year hold on the ...
Eurozone Unemployment at 10.1% in August
Unemployment in the 16 countries that use the euro remained unchanged at 10.1 percent in August despite a stronger than anticipated economic recovery
BP Says It Paid $11.2 Bil. on Gulf Oil Spill Claims
BP PLC said Friday that it has pledged royalty revenues from several Gulf of Mexico assets to guarantee payment of claims from the disastrous
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