Korea Keeps Rate at Record Low Despite 5.2% Growth
South Korea's central bank left its key interest rate at a record low Wednesday for a 15th straight month amid expectations the country's economy
Business
Japan Machinery Orders Rose 5.4% in March
Japan's machinery orders, a closely watched indicator of future business investment, rose in March for the first time in three months
Oil Rises to $71 After 2-Week Selloff
Oil prices rose slightly to near $71 a barrel Tuesday in Asia after fears a European debt crisis could halt a global economic recovery sparked ...
Uncle Sam to Lose $1.6 Bil. on Chrysler Bailout
The Treasury Department said Monday it will lose $1.6 billion on a loan made to Chrysler in early 2009.
Stocks Recover from 184-Point Dow Slide
Stocks had another wild day, but there was no big event, no surprise announcement behind the swings.
Oil Prices Fell 20% in 2 Weeks
Oil prices fell again Monday and have now fallen about 20 percent in just two weeks as investors worry about the ripple effects of a ...
GM Reports First Profits in 3 Years
General Motors Co. rode expense cuts from its bankruptcy and strong sales of redesigned models to its first quarterly net income in nearly three years.
Japan's Astellas to Buy U.S. Drugmaker OSI for $4 Bil.
Astellas Pharma Inc., Japan's No. 2 drug maker, said Monday it will buy U.S. cancer drug company OSI Pharmaceuticals Inc. for $4 billion in cash
Europe Stocks Rebound As Euro Hits New 4-Year Low
European stock markets rebounded Monday after big falls at the end of last week but the euro continued to languish near four-year lows against the ...
Trichet Says Europe Economy At Its Worst Since WWI
The euro750 billion ($1 trillion) shock-and-awe rescue package to prevent the Greek debt crisis from spreading only bought eurozone countries
SEC Still Can't Figure Out What Caused Plunge
The head of the Securities and Exchange Commission told a congressional panel Tuesday that regulators need more time to figure
Locke Pushes U.S. Green Tech on Reluctant China
U.S. leaders want China's clean energy boom to drive technology exports and are sending a sales mission to Beijing this week.
FDIC Shuts Down 4 Banks to Bring Year's Total to 72
Regulators on Friday shut down Midwest Bank and Trust Company in Elmwood Park, Ill., as well as three smaller banks in Georgia, Michigan and Missouri
Jobs Called Chen to Get iPhone Prototype Back
Brian Hogan's world closed in fast almost as soon as he sold the next-generation iPhone he found in a Silicon Valley bar to a popular ...
Euro at 4-Year Lows on Debt Fears
The euro sank to just above a 4-year low against the dollar Friday as economic data suggested a stronger recovery in the U.S. while the ...
J.C. Penney Profits More Than Double
J.C. Penney Co. reported that its first-quarter net income more than doubled as the department store operator benefited from sales improvements
Mizuho Swings to $2.6 Bil. Profit As Japan Recovers
Mizuho Financial Group, Japan's No. 2 bank, posted a 239.4 billion yen ($2.6 billion) profit for the year through March, returning to the black
World Stocks Fall on Euro Debt, U.S. Jobless
World stock markets and the euro fell Friday on worries that Europe's fiscal austerity measures and stubbornly high unemployment in the U.S. will slow
Cablevision Profits Triple on New Subscribers
Cablevision says its first-quarter earnings more than tripled as it added cable, phone and Internet customers. The company is also lifting its dividend
Nokia Files New Patent Claim Against Apple iPad
Finnish cell phone maker Nokia Corp. said Friday that it has extended its patent-infringement claims against Apple Inc. to include the new iPad.
Spain Barely Emerges from Recession
Spain's economy grew in the first three months of 2010, putting an end to six quarters of recession, the Bank of Spain said Friday.
Panasonic Cuts Losses As Global Sales Recover
Panasonic slashed its losses for the January-March quarter to just under $1 billion as the world's biggest maker of plasma TVs benefited from a recovery
German Parliament Approves Greek Bailout
The German parliament approved Berlin's share of the rescue package for debt-laden Greece after a boisterous debate Friday in which the finance
290,000 Jobs Added in April but Jobless Rate Rises
More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent
Retailers Encouraged by Solid Spring Shopping
Americans gave retailers a respectable spring selling season, resulting in a slew of stores raising their earnings outlooks.
GM Hires Former Hyundai Marketing Whiz
General Motors Co. has hired the marketing whiz who helped Hyundai nearly double its market share in the U.S.
MGM Mirage Posts Loss on CityCenter Writedown
MGM Mirage says a hefty writedown related to its CityCenter joint venture contributed to a loss in the first-quarter.
No Cyber Attack Behind Thurs Selloff Says White House
The White House's homeland security and counterterrorism adviser says there is no evidence that a cyber attack was behind the chaos
Asia Stocks Slide, Europe Steadies
European stocks steadied Thursday despite a plunge in Asian markets as investors worried that Greece's debt crisis could spread to other countries
Zurich Financial Reports 76% Profit Jump
Swiss insurer Zurich Financial Services Group reported a 76 percent jump in first-quarter net profit Thursday despite paying out more for natural disasters
Indonesian Ancient Treasure Auction Sinks
A long-awaited auction of ancient treasures salvaged from the sea opened Wednesday in the Indonesian capital — and then abruptly closed
World Stocks Fall Again As 3 Killed in Greek Strike
World markets continued to fall Wednesday, particularly in Asia, as investors worried that Europe's debt crisis would spread
BMW Earns $424 Mil. in Q1 on Strong Revenue Growth
German luxury automaker BMW AG reported Wednesday a first-quarter profit on improved sales and said that rising demand for premium cars
Time Warner Asked to Stop Claiming Fiber Optics
An advertising watchdog on Tuesday asked Time Warner Cable Inc. and Cox Communications Inc. to drop claims that they run fiber-optics networks.
Apple's Developer Policy Draws Antitrust Scrutiny
Federal regulators plan to examine whether Apple Inc. is violating antitrust rules by requiring software developers to use Apple programming
Car Czar Thinks Taxpayers Can Get $40 Bil. from GM
The U.S. government could get back $40 billion of its $50 billion investment in General Motors Co., and the difference will have been well spent
Firefox 4 to Lose Menu Items to Gain Speed
A new version of the popular Firefox browser will come before the end of the year. Firefox 4 will pare down the browser's menus and ...
Toyota Profits Surge on Costcutting, Global Recovery
Toyota cruised back to profit in the latest quarter as the world's top carmaker cut costs and hitched a ride on the global auto sales ...
Stocks Slide in Asia, Europe As Euro Relief Rally Fades
World stocks fell Tuesday as a relief rally triggered by a $1 trillion plan to contain Europe's debt crisis fizzled out.
Samsung Plans $20.6 Bil. New Tech Investments
Samsung said Tuesday it plans to invest 23.3 trillion won ($20.6 billion) over the next decade in technologies including solar cells and medical devices
Toyota Prius Tops Japan Sales for 12th Month
Toyota's Prius hybrid was Japan's top-selling car in April, clinching the No. 1 spot for the 12th straight month.
China Inflation at Worrisome 2.8% on Food Price Surge
China's inflation accelerated to 2.8 percent in April, driven by a jump in politically sensitive food prices, adding to pressure for Beijing to cool its ...
Dish May Have to Shut Down 7.3 Mil. DVRs
Dish Network Corp. reported a 26 percent drop in first-quarter net income as the satellite TV company stepped up promotions to reel in customers.
Sprint Joins Verizon in Jilting Google's Nexus One
Sprint Nextel has had a change of heart and scrapped its plans to back Google's Nexus One mobile phone.
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.
Chrysler Moving Swiftly toward Profitability, IPO
Chrysler Group LLC says its financial performance exceeded its expectations and suggested an initial public offering could come sooner than expected.
Stocks Surge on Euro Defense Efforts
Stocks rocketed higher Monday after European leaders agreed to a nearly $1 trillion rescue plan to avoid a major debt crisis and the U.S. Federal
New Short-Range Wi-Fi to Be 10 Times Faster
The industry group that supports Wi-Fi is adopting a new technology that should boost data speeds more than 10 times at short distances
U.S. Open to More Fines for Toyota
U.S. Transportation Secretary Ray LaHood said Monday that Washington wants to see results from Toyota's efforts to improve safety, and more fines would be imposed ...
European Flights Nearly Back to Normal As Ash Clears
Flights across Europe were operating normally Monday after a plume of volcanic ash that disrupted air traffic and forced some airports to close
Korea Keeps Rate at Record Low Despite 5.2% Growth
South Korea's central bank left its key interest rate at a record low Wednesday for a 15th straight month amid expectations the country's economy
Japan Machinery Orders Rose 5.4% in March
Japan's machinery orders, a closely watched indicator of future business investment, rose in March for the first time in three months
Oil Rises to $71 After 2-Week Selloff
Oil prices rose slightly to near $71 a barrel Tuesday in Asia after fears a European debt crisis could halt a global economic recovery sparked ...
Uncle Sam to Lose $1.6 Bil. on Chrysler Bailout
The Treasury Department said Monday it will lose $1.6 billion on a loan made to Chrysler in early 2009.
Stocks Recover from 184-Point Dow Slide
Stocks had another wild day, but there was no big event, no surprise announcement behind the swings.
Oil Prices Fell 20% in 2 Weeks
Oil prices fell again Monday and have now fallen about 20 percent in just two weeks as investors worry about the ripple effects of a ...
GM Reports First Profits in 3 Years
General Motors Co. rode expense cuts from its bankruptcy and strong sales of redesigned models to its first quarterly net income in nearly three years.
Japan's Astellas to Buy U.S. Drugmaker OSI for $4 Bil.
Astellas Pharma Inc., Japan's No. 2 drug maker, said Monday it will buy U.S. cancer drug company OSI Pharmaceuticals Inc. for $4 billion in cash
Europe Stocks Rebound As Euro Hits New 4-Year Low
European stock markets rebounded Monday after big falls at the end of last week but the euro continued to languish near four-year lows against the ...
Trichet Says Europe Economy At Its Worst Since WWI
The euro750 billion ($1 trillion) shock-and-awe rescue package to prevent the Greek debt crisis from spreading only bought eurozone countries
SEC Still Can't Figure Out What Caused Plunge
The head of the Securities and Exchange Commission told a congressional panel Tuesday that regulators need more time to figure
Locke Pushes U.S. Green Tech on Reluctant China
U.S. leaders want China's clean energy boom to drive technology exports and are sending a sales mission to Beijing this week.
FDIC Shuts Down 4 Banks to Bring Year's Total to 72
Regulators on Friday shut down Midwest Bank and Trust Company in Elmwood Park, Ill., as well as three smaller banks in Georgia, Michigan and Missouri
Jobs Called Chen to Get iPhone Prototype Back
Brian Hogan's world closed in fast almost as soon as he sold the next-generation iPhone he found in a Silicon Valley bar to a popular ...
Euro at 4-Year Lows on Debt Fears
The euro sank to just above a 4-year low against the dollar Friday as economic data suggested a stronger recovery in the U.S. while the ...
J.C. Penney Profits More Than Double
J.C. Penney Co. reported that its first-quarter net income more than doubled as the department store operator benefited from sales improvements
Mizuho Swings to $2.6 Bil. Profit As Japan Recovers
Mizuho Financial Group, Japan's No. 2 bank, posted a 239.4 billion yen ($2.6 billion) profit for the year through March, returning to the black
World Stocks Fall on Euro Debt, U.S. Jobless
World stock markets and the euro fell Friday on worries that Europe's fiscal austerity measures and stubbornly high unemployment in the U.S. will slow
Cablevision Profits Triple on New Subscribers
Cablevision says its first-quarter earnings more than tripled as it added cable, phone and Internet customers. The company is also lifting its dividend
Nokia Files New Patent Claim Against Apple iPad
Finnish cell phone maker Nokia Corp. said Friday that it has extended its patent-infringement claims against Apple Inc. to include the new iPad.
Spain Barely Emerges from Recession
Spain's economy grew in the first three months of 2010, putting an end to six quarters of recession, the Bank of Spain said Friday.
Panasonic Cuts Losses As Global Sales Recover
Panasonic slashed its losses for the January-March quarter to just under $1 billion as the world's biggest maker of plasma TVs benefited from a recovery
German Parliament Approves Greek Bailout
The German parliament approved Berlin's share of the rescue package for debt-laden Greece after a boisterous debate Friday in which the finance
290,000 Jobs Added in April but Jobless Rate Rises
More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent
Retailers Encouraged by Solid Spring Shopping
Americans gave retailers a respectable spring selling season, resulting in a slew of stores raising their earnings outlooks.
GM Hires Former Hyundai Marketing Whiz
General Motors Co. has hired the marketing whiz who helped Hyundai nearly double its market share in the U.S.
MGM Mirage Posts Loss on CityCenter Writedown
MGM Mirage says a hefty writedown related to its CityCenter joint venture contributed to a loss in the first-quarter.
No Cyber Attack Behind Thurs Selloff Says White House
The White House's homeland security and counterterrorism adviser says there is no evidence that a cyber attack was behind the chaos
Asia Stocks Slide, Europe Steadies
European stocks steadied Thursday despite a plunge in Asian markets as investors worried that Greece's debt crisis could spread to other countries
Zurich Financial Reports 76% Profit Jump
Swiss insurer Zurich Financial Services Group reported a 76 percent jump in first-quarter net profit Thursday despite paying out more for natural disasters
Indonesian Ancient Treasure Auction Sinks
A long-awaited auction of ancient treasures salvaged from the sea opened Wednesday in the Indonesian capital — and then abruptly closed
World Stocks Fall Again As 3 Killed in Greek Strike
World markets continued to fall Wednesday, particularly in Asia, as investors worried that Europe's debt crisis would spread
BMW Earns $424 Mil. in Q1 on Strong Revenue Growth
German luxury automaker BMW AG reported Wednesday a first-quarter profit on improved sales and said that rising demand for premium cars
Time Warner Asked to Stop Claiming Fiber Optics
An advertising watchdog on Tuesday asked Time Warner Cable Inc. and Cox Communications Inc. to drop claims that they run fiber-optics networks.
Apple's Developer Policy Draws Antitrust Scrutiny
Federal regulators plan to examine whether Apple Inc. is violating antitrust rules by requiring software developers to use Apple programming
Car Czar Thinks Taxpayers Can Get $40 Bil. from GM
The U.S. government could get back $40 billion of its $50 billion investment in General Motors Co., and the difference will have been well spent
Firefox 4 to Lose Menu Items to Gain Speed
A new version of the popular Firefox browser will come before the end of the year. Firefox 4 will pare down the browser's menus and ...
Toyota Profits Surge on Costcutting, Global Recovery
Toyota cruised back to profit in the latest quarter as the world's top carmaker cut costs and hitched a ride on the global auto sales ...
Stocks Slide in Asia, Europe As Euro Relief Rally Fades
World stocks fell Tuesday as a relief rally triggered by a $1 trillion plan to contain Europe's debt crisis fizzled out.
Samsung Plans $20.6 Bil. New Tech Investments
Samsung said Tuesday it plans to invest 23.3 trillion won ($20.6 billion) over the next decade in technologies including solar cells and medical devices
Toyota Prius Tops Japan Sales for 12th Month
Toyota's Prius hybrid was Japan's top-selling car in April, clinching the No. 1 spot for the 12th straight month.
China Inflation at Worrisome 2.8% on Food Price Surge
China's inflation accelerated to 2.8 percent in April, driven by a jump in politically sensitive food prices, adding to pressure for Beijing to cool its ...
Dish May Have to Shut Down 7.3 Mil. DVRs
Dish Network Corp. reported a 26 percent drop in first-quarter net income as the satellite TV company stepped up promotions to reel in customers.
Sprint Joins Verizon in Jilting Google's Nexus One
Sprint Nextel has had a change of heart and scrapped its plans to back Google's Nexus One mobile phone.
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.
Chrysler Moving Swiftly toward Profitability, IPO
Chrysler Group LLC says its financial performance exceeded its expectations and suggested an initial public offering could come sooner than expected.
Stocks Surge on Euro Defense Efforts
Stocks rocketed higher Monday after European leaders agreed to a nearly $1 trillion rescue plan to avoid a major debt crisis and the U.S. Federal
New Short-Range Wi-Fi to Be 10 Times Faster
The industry group that supports Wi-Fi is adopting a new technology that should boost data speeds more than 10 times at short distances
U.S. Open to More Fines for Toyota
U.S. Transportation Secretary Ray LaHood said Monday that Washington wants to see results from Toyota's efforts to improve safety, and more fines would be imposed ...
European Flights Nearly Back to Normal As Ash Clears
Flights across Europe were operating normally Monday after a plume of volcanic ash that disrupted air traffic and forced some airports to close
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