Chinese Firms Tap Foreign Stars for Global Image
Kevin Garnett wore his affection for China's booming sportswear market on his back as the NBA star arrived in Beijing in August.
Business
Germany Boosts 2010 Growth Forecast to 3%
Germany's economy is on course to grow by about 3 percent this year after a spectacular second-quarter growth spurt, the country's central bank
India Admits Chinese Telecom Gear on Tough Terms
India has relaxed an eight-month ban on imports of telecommunication equipment, approving orders from China's ZTE and Huawei and Finland's Nokia
Durable Goods Orders Rise Modestly
Orders to U.S. factories for big-ticket manufactured goods increased slightly in July, but businesses spent less as the economic recovery
German Business Confidence Hits 3-Year High
Germany's business confidence rose in August to its highest level in three years, according to a key survey Wednesday, suggesting Europe's biggest
Homebuilder Toll Brothers Returns to Profit
Toll Brothers Inc. said Wednesday that it posted a profit in its fiscal third quarter, as the luxury homebuilder snagged important tax benefits
Credit Card Debt at Lowest Level in 8 Years
The amount consumers owed on their credit cards in this year's second quarter dropped to the lowest level in more than eight years as cardholders
Japan Exports Fall for Fifth Straight Month
Japan's export growth slowed for the fifth straight month in July, the government said Wednesday, as the global economy loses momentum
Microsoft Begins Powering All Yahoo Searches
Microsoft Corp.'s technology is now processing all the search requests on Yahoo Inc.'s website in the U.S. and Canada, completing a long-awaited leap
U.S. Stocks Join Global Retreat on Home Sales Dip
Stocks are closing lower after another disappointing report on housing renewed worries about the economy.
Dell Debuts Inexpensive Android-Based Smart Phone
Dell Inc. said Tuesday its Aero smart phone is now on sale in the U.S. for $99 with a two-year AT&T contract.
Korean Air Operating Profit Doubles but Loses on Fuel
Korean Air, South Korea's biggest airline, said Friday it sank to a loss in the second quarter as a weak won swelled its fuel costs.
China Cut U.S. Treasury Holdings Again in June
China reduced its holdings of U.S. Treasury debt for a second straight month in June while the holdings of Japan and Britain rose.
World Stocks Fall on Japan Export Slowdown
World stocks markets mostly fell Monday after figures showed that Japan's economic growth slowed sharply during the second quarter
China's Ag Bank Confirms IPO Was World's Largest
The Agricultural Bank of China says it raised a world record $22.1 billion in its initial public offering last month, despite a tepid reception from ...
Apple Manager Indicted on Kickback Charges
A manager at Apple Inc. has been indicted by a federal grand jury in an alleged kickback scheme involving suppliers of iPhone and iPod accessories.
U.S. Stocks Keep Slipping on Confusing Data
The stock market has fallen for the fourth straight day after a mixed batch of readings on consumer spending contributed to a muddled picture
magicJack Company to Offer Free Calls from Computers
The company behind the magicJack, the Internet phone gadget heavily advertised on television, has another trick up its sleeve
IBM Adds Online Marketing Tools with Unica Buy
IBM Corp. said Friday that it has agreed to buy the marketing services company Unica Corp. in a $480 million deal that would give IBM
Eurozone Grew Faster Than U.S. in Q2
The economy of the 16 countries that use the euro grew by a better-than-expected 1 percent during the second quarter as growth engine Germany
Retail Sales, Prices Rise on Growing Car Demand
A busy month for car dealerships lifted retail sales for the first time in three months while more expensive food and gas boosted
China Overtook Japan As No. 2 Economy in Q2
Japan lost its place as the world's No. 2 economy to China in the second quarter as receding global growth sapped momentum and stunted a ...
Asian Stocks End Losing Streak on Bargain Hunting
Most Asian stock markets posted mild gains Friday as investors hunted for bargains following a three-day losing streak.
Google Beefs Up Voice Controls on Android Phones
Just because mobile phones are becoming more like small computers doesn't mean you should have to do a lot of typing on them.
GM Posts $1.33 Bil. Profit for Q2, CEO Steps Down
General Motors Co. said Thursday it made $1.33 billion in the second quarter, a sign it's getting healthier as it prepares to sell stock to ...
Jobless Claims at Highest Level Since February
The economy is looking bleaker as new applications for jobless benefits rose last week to the highest level in almost six months.
Xinhua, China Mobile Launch Search Joint Venture
The state-run Xinhua News Agency said Thursday it will launch a search venture, giving Google a new, well-financed rival following
Europe Cuts Dream Projects to Reduce Budget Deficits
A rebuilt Prussian palace in Berlin. High-speed rail from Lisbon to Kiev. A new visitor center for Britain's Stonehenge. They're just some of the big-ticket
S. Korea Leaves Interest Rate at 2.25%
South Korea's central bank left its key interest rate unchanged Thursday as the outlook for the global economy dims — a month after raising
Macy's Q2 Profits Surge on Growing Market Share
Macy's Inc.'s net income surged in the second quarter as the department store chain saw a payoff from its focus on exclusive moderate-price
China Industrial Growth Slips to 13.4%
China's industrial growth slowed further in July as Beijing clamped down on a credit boom, fueling expectations it will ease monetary policy
Foreign Direct Investment in China Jumps 29% in July
Foreign direct investment (FDI) in China for July surged by 29% on year to $6.92 bil., said the Ministry of Commerce Tuesday.
China Tries to Meet Booming Demand for Movies
China said it will expand its movie industry by making more films and building more theaters to meet growing demand.
Taiwan GDP Surged 12.5% on Electronics Demand
Taiwan's export-reliant economy surged 12.5 percent year-on-year in the second quarter on strong foreign demand for the island's electronics
Lenovo Returns to Profit on Surging China PC Sales
Lenovo Group, the fourth-largest personal computer maker, said Thursday it rebounded to a quarterly profit from a loss a year earlier
Asian Stocks Rise on Chip Demand Growth
Most Asian markets rose Thursday after a seesaw session on Wall Street, helped by gains in tech stocks after an industry report in Japan
GM Takes First Clear Step toward Fall IPO
General Motors Co. on Wednesday filed the first batch of paperwork required by regulators to sell stock to the public, a step that brings the ...
Levis Tailors Global Brand Launch for Chinese
Jeans maker Levi Strauss & Co. launched a new global brand in China on Wednesday, joining a growing list of companies that hope to crack
Samsung, LG to Boost Dominance in LCD Market
The global LCD market will shrink 2.6% in the first half of 2011 to a total of about $44 bil., reported U.S.-based DisplaySearch.
Hyundai-Kia Outsells Toyota in Canada, China, Europe
Hyundai-Kia Automotive Group sold more cars in Canada in July than its Japanese rival Toyota for the third consecutive month, the Korea Automobile
China Seeks to Shrink Trade Surplus
Workers produce apparel factory in Huaibei, Anhui province . China's trade surplus could be trimmed as the nation is planning stimulus measures to boost imports. ...
Q2 GDP Growth Expected to Be Halved by Revision
The government is about to confirm what many people have felt for some time: The economy barely has a pulse.
Deep Discounting Not Enough to Lure Customers
A dollar for a 40-ounce bottle of ketchup? Yawn. Four bucks for a 12-pack of Coke? No sale.
Columbia MBA Sues Google for Malicious Poster's ID
A business consultant wants a court to force YouTube and owner Google to unmask a cyber cipher who posted what she says are unauthorized videos
Manufacturing Data Restores Faith in Recovery
New government data offered a mixed picture of the economic recovery Tuesday, as U.S. manufacturing activity grew in July at the fastest pace
Check Substantiates NY Man's Claim to 84% of Facebook
A New York man produced a cashed $3,000 check to support his claim that he is contractually entitled to ownership of 84% of Facebook Inc.
Abercrombie & Fitch Returns to Profit in Q2
Abercrombie & Fitch return to a profit in the second quarter as its strategy of lowering some prices boosted sales.
Asia Stocks Rise Modestly As Markets Calm
Asian markets mostly posted tentative gains Tuesday as nerves calmed despite steady driblets of sobering news about the speed of the global economic
Banks Loosen Small Business Lending Standards
Banks have eased lending standards for small businesses for the first time in nearly four years, the Federal Reserve said Monday.
Homebuilder Confidence Drops for 3rd Straight Month
Homebuilder confidence dropped for the third straight month in August as the struggling economy and a flood of cheap foreclosed properties
Chinese Firms Tap Foreign Stars for Global Image
Kevin Garnett wore his affection for China's booming sportswear market on his back as the NBA star arrived in Beijing in August.
Germany Boosts 2010 Growth Forecast to 3%
Germany's economy is on course to grow by about 3 percent this year after a spectacular second-quarter growth spurt, the country's central bank
India Admits Chinese Telecom Gear on Tough Terms
India has relaxed an eight-month ban on imports of telecommunication equipment, approving orders from China's ZTE and Huawei and Finland's Nokia
Durable Goods Orders Rise Modestly
Orders to U.S. factories for big-ticket manufactured goods increased slightly in July, but businesses spent less as the economic recovery
German Business Confidence Hits 3-Year High
Germany's business confidence rose in August to its highest level in three years, according to a key survey Wednesday, suggesting Europe's biggest
Homebuilder Toll Brothers Returns to Profit
Toll Brothers Inc. said Wednesday that it posted a profit in its fiscal third quarter, as the luxury homebuilder snagged important tax benefits
Credit Card Debt at Lowest Level in 8 Years
The amount consumers owed on their credit cards in this year's second quarter dropped to the lowest level in more than eight years as cardholders
Japan Exports Fall for Fifth Straight Month
Japan's export growth slowed for the fifth straight month in July, the government said Wednesday, as the global economy loses momentum
Microsoft Begins Powering All Yahoo Searches
Microsoft Corp.'s technology is now processing all the search requests on Yahoo Inc.'s website in the U.S. and Canada, completing a long-awaited leap
U.S. Stocks Join Global Retreat on Home Sales Dip
Stocks are closing lower after another disappointing report on housing renewed worries about the economy.
Dell Debuts Inexpensive Android-Based Smart Phone
Dell Inc. said Tuesday its Aero smart phone is now on sale in the U.S. for $99 with a two-year AT&T contract.
Korean Air Operating Profit Doubles but Loses on Fuel
Korean Air, South Korea's biggest airline, said Friday it sank to a loss in the second quarter as a weak won swelled its fuel costs.
China Cut U.S. Treasury Holdings Again in June
China reduced its holdings of U.S. Treasury debt for a second straight month in June while the holdings of Japan and Britain rose.
World Stocks Fall on Japan Export Slowdown
World stocks markets mostly fell Monday after figures showed that Japan's economic growth slowed sharply during the second quarter
China's Ag Bank Confirms IPO Was World's Largest
The Agricultural Bank of China says it raised a world record $22.1 billion in its initial public offering last month, despite a tepid reception from ...
Apple Manager Indicted on Kickback Charges
A manager at Apple Inc. has been indicted by a federal grand jury in an alleged kickback scheme involving suppliers of iPhone and iPod accessories.
U.S. Stocks Keep Slipping on Confusing Data
The stock market has fallen for the fourth straight day after a mixed batch of readings on consumer spending contributed to a muddled picture
magicJack Company to Offer Free Calls from Computers
The company behind the magicJack, the Internet phone gadget heavily advertised on television, has another trick up its sleeve
IBM Adds Online Marketing Tools with Unica Buy
IBM Corp. said Friday that it has agreed to buy the marketing services company Unica Corp. in a $480 million deal that would give IBM
Eurozone Grew Faster Than U.S. in Q2
The economy of the 16 countries that use the euro grew by a better-than-expected 1 percent during the second quarter as growth engine Germany
Retail Sales, Prices Rise on Growing Car Demand
A busy month for car dealerships lifted retail sales for the first time in three months while more expensive food and gas boosted
China Overtook Japan As No. 2 Economy in Q2
Japan lost its place as the world's No. 2 economy to China in the second quarter as receding global growth sapped momentum and stunted a ...
Asian Stocks End Losing Streak on Bargain Hunting
Most Asian stock markets posted mild gains Friday as investors hunted for bargains following a three-day losing streak.
Google Beefs Up Voice Controls on Android Phones
Just because mobile phones are becoming more like small computers doesn't mean you should have to do a lot of typing on them.
GM Posts $1.33 Bil. Profit for Q2, CEO Steps Down
General Motors Co. said Thursday it made $1.33 billion in the second quarter, a sign it's getting healthier as it prepares to sell stock to ...
Jobless Claims at Highest Level Since February
The economy is looking bleaker as new applications for jobless benefits rose last week to the highest level in almost six months.
Xinhua, China Mobile Launch Search Joint Venture
The state-run Xinhua News Agency said Thursday it will launch a search venture, giving Google a new, well-financed rival following
Europe Cuts Dream Projects to Reduce Budget Deficits
A rebuilt Prussian palace in Berlin. High-speed rail from Lisbon to Kiev. A new visitor center for Britain's Stonehenge. They're just some of the big-ticket
S. Korea Leaves Interest Rate at 2.25%
South Korea's central bank left its key interest rate unchanged Thursday as the outlook for the global economy dims — a month after raising
Macy's Q2 Profits Surge on Growing Market Share
Macy's Inc.'s net income surged in the second quarter as the department store chain saw a payoff from its focus on exclusive moderate-price
China Industrial Growth Slips to 13.4%
China's industrial growth slowed further in July as Beijing clamped down on a credit boom, fueling expectations it will ease monetary policy
Foreign Direct Investment in China Jumps 29% in July
Foreign direct investment (FDI) in China for July surged by 29% on year to $6.92 bil., said the Ministry of Commerce Tuesday.
China Tries to Meet Booming Demand for Movies
China said it will expand its movie industry by making more films and building more theaters to meet growing demand.
Taiwan GDP Surged 12.5% on Electronics Demand
Taiwan's export-reliant economy surged 12.5 percent year-on-year in the second quarter on strong foreign demand for the island's electronics
Lenovo Returns to Profit on Surging China PC Sales
Lenovo Group, the fourth-largest personal computer maker, said Thursday it rebounded to a quarterly profit from a loss a year earlier
Asian Stocks Rise on Chip Demand Growth
Most Asian markets rose Thursday after a seesaw session on Wall Street, helped by gains in tech stocks after an industry report in Japan
GM Takes First Clear Step toward Fall IPO
General Motors Co. on Wednesday filed the first batch of paperwork required by regulators to sell stock to the public, a step that brings the ...
Levis Tailors Global Brand Launch for Chinese
Jeans maker Levi Strauss & Co. launched a new global brand in China on Wednesday, joining a growing list of companies that hope to crack
Samsung, LG to Boost Dominance in LCD Market
The global LCD market will shrink 2.6% in the first half of 2011 to a total of about $44 bil., reported U.S.-based DisplaySearch.
Hyundai-Kia Outsells Toyota in Canada, China, Europe
Hyundai-Kia Automotive Group sold more cars in Canada in July than its Japanese rival Toyota for the third consecutive month, the Korea Automobile
China Seeks to Shrink Trade Surplus
Workers produce apparel factory in Huaibei, Anhui province . China's trade surplus could be trimmed as the nation is planning stimulus measures to boost imports. ...
Q2 GDP Growth Expected to Be Halved by Revision
The government is about to confirm what many people have felt for some time: The economy barely has a pulse.
Deep Discounting Not Enough to Lure Customers
A dollar for a 40-ounce bottle of ketchup? Yawn. Four bucks for a 12-pack of Coke? No sale.
Columbia MBA Sues Google for Malicious Poster's ID
A business consultant wants a court to force YouTube and owner Google to unmask a cyber cipher who posted what she says are unauthorized videos
Manufacturing Data Restores Faith in Recovery
New government data offered a mixed picture of the economic recovery Tuesday, as U.S. manufacturing activity grew in July at the fastest pace
Check Substantiates NY Man's Claim to 84% of Facebook
A New York man produced a cashed $3,000 check to support his claim that he is contractually entitled to ownership of 84% of Facebook Inc.
Abercrombie & Fitch Returns to Profit in Q2
Abercrombie & Fitch return to a profit in the second quarter as its strategy of lowering some prices boosted sales.
Asia Stocks Rise Modestly As Markets Calm
Asian markets mostly posted tentative gains Tuesday as nerves calmed despite steady driblets of sobering news about the speed of the global economic
Banks Loosen Small Business Lending Standards
Banks have eased lending standards for small businesses for the first time in nearly four years, the Federal Reserve said Monday.
Homebuilder Confidence Drops for 3rd Straight Month
Homebuilder confidence dropped for the third straight month in August as the struggling economy and a flood of cheap foreclosed properties
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