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Business

Midnight Grocery Runs a Sign of Hard Times

Once a month, just after midnight, the beeping checkout scanners at a Walmart just off Interstate 95 come alive in a chorus of financial desperation.

Retail Sales Grow More Than Expected

Retailers reported surprisingly solid sales gains for September, boosted by back-to-school shopping, much of it pushed into September by parents

PepsiCo Revenues Soar on Overseas Growth

PepsiCo's third-quarter net income rose 12 percent on strong sales gains abroad and strength in its drinks and Frito-Lay snacks.

World Markets Flat, Dollar Slides Awaiting Fed Move

World stock markets were steady Thursday ahead of European interest rate decisions and the start of the U.S. corporate earnings reporting season

Toyota Steps Up Efforts to Win Back Customers

Aiming to win back customer trust after its string of recalls, Toyota Motor Corp. is offering American buyers of new Toyota- and Scion-brand vehicles

Japan Forex Reserves Hit New High After Failed Intervention

Japan's foreign exchange reserves hit an all-time high in September after the central bank intervened in currency markets for the first time

Samsung Expects Earnings to Fall Below Record

Samsung Electronics, the world's biggest seller of computer memory chips, forecast Thursday that third-quarter operating profit likely eased

Verizon Wireless to Roll Out 4G in 38 Cities

Verizon Wireless said Wednesday that its new wireless broadband network, which offers higher data speeds initially for laptop users

Cisco to Sell HD Home Video-Conferencing Box

Cisco Systems Inc., seeking to become a bigger name in consumer electronics, said Wednesday that it's going to start selling a $599 box

GE Taps Natural Gas Boom with Dresser Deal

General Electric Co. is expanding its energy business by tapping into the growing reliance of utilities and factories on natural gas.

Obama Set to Win $30 Bil. Small Business Fund Bill

President Barack Obama is poised to win a long-sought victory as Senate Democrats appear likely to win a key vote that would clear the way

Apple Readies iPhone for CDMA Markets

A new report says Apple is getting ready to manufacture a new iPhone that works on cellular networks based on CDMA technology

Fitch Downgrades Ireland Credit Rating

Ratings agency Fitch cut Ireland's credit worthiness another notch Wednesday, citing the country's long fight to emerge from record deficits

China Growth to Offset U.S. Weakness Says IMF

The global economy will likely strengthen the rest of this year and in 2011 as China and other emerging powers offset weakness in the United ...

J&J Buys Dutch Biotech Crucell for $2.41 Bil.

Johnson & Johnson said Wednesday it is buying Crucell N.V. for about $2.41 billion in a move that will boost the American health care company's

Costco Income Rises on Overseas Strength

Increased revenue from selling memberships and strength overseas helped push Costco Wholesale Corp.'s net income up 16 percent

Asia, Europe Stocks Rally on Fed Rate Cut Hopes

Global stock markets extended their rally Wednesday as investors remained hopeful that the Federal Reserve will introduce more monetary

Retail Sales Rose Modestly in September

Americans kept spending carefully last month, buying electronics and back-to-school clothes but holding back on luxuries.

Ford to Cut Lincoln Dealerships to Revitalize Brand

Ford Motor Co. plans to eliminate more than a third of its Lincoln dealers as part of its effort to revive the luxury brand, according ...

Service Sector Grew in September for 9th Straight Month

The U.S. service sector, the nation's predominate employer, expanded in September for a ninth straight month, although the growth has not been consistent

Smartphone Boom Slowed by Lagging Chip Production

The seemingly recession-proof smart phone is suffering from a side effect of the rough economy: Manufacturers simply can't build enough

Empire State Building Owner Fights Proposed Rival

Look at Manhattan from afar, and the first thing you notice is the Empire State Building, spiking like a needle above the carpet of skyscrapers

Nikkei Leads World Markets Down

Japan's Nikkei index led world markets lower Tuesday as the yen's rise to a fresh 15-year high against the dollar and a nine-year best against ...

Top China Mortgage Bank Unfazed by Price Declines

Recent declines in real estate prices will have little impact on operations, said Pang Xiusheng, Chief Risk Officer of China Construction Bank.

Taiwanese CEO Barred from Leaving U.S. Pending LCD Probe

The chief executive of a leading Taiwanese LCD screen maker has been barred from leaving the U.S. during a U.S. Justice Department probe

AIG Repays $4 Bil. in Government Loans

In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion

HP Tops Dell Offer for Storage Innovator 3Par

Hewlett-Packard Co. is bidding $1.5 billion for data storage provider 3Par Inc., just a week after rival Dell Inc. agreed to acquire the company for ...

HSBC in Talks to Control Nedbank for $6.8 Bil.

British bank HSBC Holdings PLC said Monday it is in talks with financial group Old Mutual PLC to buy a controlling stake in Nedbank Group

Stocks Waver As Corporate Deals Offset U.S. Data

European stock markets rose modestly Monday as the recent pickup in corporate dealmaking helped offset the gloom from disappointing U.S. economic data.

Aussie Mining Stocks Rise on Poll Uncertainty

Stocks in Australia's biggest mining companies rose Monday as the government's plans for a new tax on their profits were thrown into doubt

4 Calif. Banks Among 8 Shut Down by Regulators

Regulators on Friday shut down a big community bank based in Chicago that has been known for its social activism but racked by financial troubles

Plug-In Guru Charges Obama's Electric Car Push

David Sandalow starts his five-mile commute each day by unplugging an orange extension cord connecting his Toyota Prius hybrid to an outlet

Stocks Keep Slipping on Persisting Unease Over Data

Stocks closed moderately lower Friday as investors' pessimistic view of the economy deepened.

Jobless Rate Falls in 18 States, Rises in 14

Unemployment fell in fewer states in July than in the previous three months, a sign that jobs remain scarce nationwide.

Germany Considers Keeping Nuclear Plants Longer

Prominent German business figures are warning against what they call a too-quick shutdown of the country's nuclear plants, stepping up pressure

Russia Opens Up Bidding on Chopper-Carrier Prototypes

Russia will hold an open tender for two warships of the class it had planned to buy from France without inviting other bidders

Super-Oysters Promise Fatter, Cleaner Eating

Biologist John Supan thinks he has developed what may be the holy grail for oyster lovers: a hardy breed of the delectable shellfish

Oil Falls Below $75 on Fears of Slowing Recovery

Oil prices dropped below $75 a barrel Friday amid mounting concerns over the pace of the U.S. economic recovery, following another batch

E-Readers Battle Tablets for Digital Book Supremacy

The marriage of an American technology firm and a Taiwanese display panel manufacturer has helped make digital reading a prospective challenger

U.S. Jobs Data Dampen World Markets

European stock markets traded lower Thursday after soft U.S. jobs data reined in hopes for gains on Wall Street. Japanese stocks were the best-performing

Intel to Buy McAfee for $7.68 Bil.

Chip maker Intel Corp. said Thursday it is buying computer-security software maker McAfee Inc. for $7.68 billion, or $48 per share.

Google to Offer Free PC-to-Phone Calling

Google Inc. is adding a free e-mail feature that may persuade more people to cut the cords on their landline phones.

Japan Consumer Prices Fall for 17th Straight Month

Japan says its consumer prices fell for the 17th straight month in July, as deflation kept a tight grip on the economy.

Dell Boosts Bid for 3Par After Dell Raises Offer

Hewlett-Packard Co. has again raised its bid for 3Par Inc. above an offer from rival Dell Inc., suggesting that the little-known data-storage maker

Toyota Recalls 1.33 Mil. Corolla Sedans, Matrix Hatchbacks

Toyota recalled 1.13 million Corolla sedans and Matrix hatchbacks Thursday because their engines may stall, the latest in a string of quality

1 in 10 Homes with Mortgages Face Foreclosure

One in 10 American households with a mortgage was at risk of foreclosure this summer as the government's efforts to help have had little

Stocks Slip Despite Drop in Jobless Claims

Stocks were mainly higher early Thursday after a drop in new claims for unemployment benefits relieved some of the market's worries

World Stocks Rise on U.S. Uptick, German Data

World stock markets mostly rose Thursday, helped by late gains on Wall Street and more strong German data, though apprehension over a slowing

German Consumer Confidence Rises

German consumers are upbeat about their economy, a closely watched survey showed Thursday, reflecting the country's overall positive economic trend

Sony Pursues 3-D TV Without Glasses

Sony Corp. is working on 3-D televisions that don't need special glasses, joining a race with rival Toshiba Corp., but sees cost and technological hurdles

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