Oct Retail Sales Gain Most Since March
Retail sales, helped by strong demand for autos, increased in October by the largest amount in seven months. The Commerce Department
Business
Retail Sales, Caterpillar Buy Drive Up Stock Prices
U.S. stock futures pointed to a higher open Monday as investors hope to move beyond worries about Ireland's debt drama that dragged major indexes
Food Industry Outpaces Rest of Economy
While the recession took a toll on manufacturing and other industries, one part of the economy has remained a bright spot over the past few ...
Newsweek Merges with Tina Brown's Daily Beast
Newsweek, a 77-year-old magazine that once helped set the national news agenda, is linking its future with a startup website just two years in the ...
Eurozone Growth Slows to 0.4%
Economic growth in the 16 countries that use the euro fell by more than half in the third quarter of the year, official figures showed ...
Shanghai Stocks Plunge on China Rate Hike Fears
Chinese shares led world markets lower Friday amid mounting concerns Beijing will raise interest rates to cool its overheating economy.
Airbus Parent Returns to Profit
Airbus' parent company EADS NV reported a narrow third-quarter profit on Friday, rebounding from a loss a year earlier as the commercial plane-making
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 ...
Nissan Recalls 600,000 Cars for Steering, Battery Cable
Nissan Motor Co. is recalling more than 600,000 vehicles in North and South America and Africa due to steering or battery cable problems.
Cisco Shortfall Seen As Tech Sector Omen
A gloomy outlook from Cisco Systems Inc. is shaking some investors' faith in the strength of the technology industry's recovery.
Phone Books Soon to Become Cultural Relics
What's black and white and read all over? Not the white pages, which is why regulators have begun granting telecommunications companies the go-ahead
Bollywood Takes Bigger Role in Hollywood
Hollywood and Bollywood have come together to create a Los Angeles-India Film Council to attract more Indian moviemakers to L.A.
Foreclosures Fall 9% on Procedural Hitch
The number of U.S. homes repossessed by lenders last month fell by the sharpest margin this year, as several major lenders temporarily halted most
Cisco Outlook Raises Fears of Slipping Competitiveness
Cisco Systems Inc. has given a disappointing sales forecast for the second quarter in a row, raising doubts about the network equipment maker's
Budget Deficit Hits $140.4 Bil. for October
The federal government began the new budget year with a deficit that fell 20 percent from a year ago but still the third highest October ...
Bullish Google Gives 10% Raise to Everyone
Google Inc. is showing it still knows how to make its employees feel special: It is giving all 23,300 of them 10 percent raises next ...
Jobless Claims Fall to Lowest Level in 4 Months
Fewer people applied for unemployment aid last week, the third drop in four weeks.
China Manufacturing Data Lifts Asia Stock Markets
World stock markets rose modestly Monday following a fairly strong Chinese manufacturing survey — but trading was subdued as investors waited
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
Fed to Buy More Bonds in Bid to Boost Economy
With unemployment at 9.6 percent, the Federal Reserve is all but certain this week to launch a new program to try to fortify the economy. ...
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.
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.
Sept Consumer Spending Weaker on Income Dip
Americans slowed their spending in September to the weakest pace in three months and their incomes fell for the first time in 14 months.
AIG to Repay $37 Bil. Govt Bailout
AIG said Monday it raised nearly $37 billion from the sale of two foreign insurance units and will use that money to repay a government ...
Lower TV Glass Demand Crimps Corning Profits
Corning Inc. says its profit jumped 22 percent in the third quarter but it missed Wall Street expectations on lower sales of glass for flat-panel ...
Why Jobless Rates Stay High Despite Growth
An economy growing 2 percent a year might be tolerable in normal times. Today, it's a near-disaster.
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.
Nissan Unveils Electric Two-Seat Concept Car
Nissan showed a two-seater electric vehicle resembling a go-cart Monday that isn't ready for sale but spotlights the Japanese automaker's ambitions
Galaxy S Lifts Samsung Past HTC in Smart Phones
The success of its Galaxy S has moved Samsung Electronics up into the number 4 spot among smartphone makers wth 7.85 million sold in the ...
Pontiac Laid to Rest After Storied Life
Pontiac, whose muscle cars drag-raced down boulevards, parked at drive-ins and roared across movie screens, is going out of business on Sunday.
India Backs Off Threat to Ban Blackberries
India has followed the United Arab Emirates in backing off from a threat to ban popular services on Blackberry devices, amid growing global concern
YouTube CEO Chad Hurley Moves to Fashion Business
YouTube CEO Chad Hurley is surrendering the reins of the popular video website that he started with two buddies as a quirky curiosity and went ...
Declining Demand Seen for LCDs Despite Solid Profits
Companies that make huge flat-screen televisions and their LCD panel components are alerting investors that demand is dropping in the U.S.
Honda, Mazda Profits Soar Despite Strong Yen
Japanese automakers Honda and Mazda posted hefty profits despite a strengthening yen as the global recovery and government incentives for green
Panasonic Profits Quintuple on LCDs, Auto Electronics
Panasonic, Japan's biggest home appliance maker, said Friday its quarterly profit surged more than fivefold on strong consumer demand despite
Sony Returns to Modest Profits
Sony Corp. says it returned to black in the July-September quarter on better sales of its PlayStation gaming consoles and personal computers.
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
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.
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 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
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
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.
Oct Retail Sales Gain Most Since March
Retail sales, helped by strong demand for autos, increased in October by the largest amount in seven months. The Commerce Department
Retail Sales, Caterpillar Buy Drive Up Stock Prices
U.S. stock futures pointed to a higher open Monday as investors hope to move beyond worries about Ireland's debt drama that dragged major indexes
Food Industry Outpaces Rest of Economy
While the recession took a toll on manufacturing and other industries, one part of the economy has remained a bright spot over the past few ...
Newsweek Merges with Tina Brown's Daily Beast
Newsweek, a 77-year-old magazine that once helped set the national news agenda, is linking its future with a startup website just two years in the ...
Eurozone Growth Slows to 0.4%
Economic growth in the 16 countries that use the euro fell by more than half in the third quarter of the year, official figures showed ...
Shanghai Stocks Plunge on China Rate Hike Fears
Chinese shares led world markets lower Friday amid mounting concerns Beijing will raise interest rates to cool its overheating economy.
Airbus Parent Returns to Profit
Airbus' parent company EADS NV reported a narrow third-quarter profit on Friday, rebounding from a loss a year earlier as the commercial plane-making
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 ...
Nissan Recalls 600,000 Cars for Steering, Battery Cable
Nissan Motor Co. is recalling more than 600,000 vehicles in North and South America and Africa due to steering or battery cable problems.
Cisco Shortfall Seen As Tech Sector Omen
A gloomy outlook from Cisco Systems Inc. is shaking some investors' faith in the strength of the technology industry's recovery.
Phone Books Soon to Become Cultural Relics
What's black and white and read all over? Not the white pages, which is why regulators have begun granting telecommunications companies the go-ahead
Bollywood Takes Bigger Role in Hollywood
Hollywood and Bollywood have come together to create a Los Angeles-India Film Council to attract more Indian moviemakers to L.A.
Foreclosures Fall 9% on Procedural Hitch
The number of U.S. homes repossessed by lenders last month fell by the sharpest margin this year, as several major lenders temporarily halted most
Cisco Outlook Raises Fears of Slipping Competitiveness
Cisco Systems Inc. has given a disappointing sales forecast for the second quarter in a row, raising doubts about the network equipment maker's
Budget Deficit Hits $140.4 Bil. for October
The federal government began the new budget year with a deficit that fell 20 percent from a year ago but still the third highest October ...
Bullish Google Gives 10% Raise to Everyone
Google Inc. is showing it still knows how to make its employees feel special: It is giving all 23,300 of them 10 percent raises next ...
Jobless Claims Fall to Lowest Level in 4 Months
Fewer people applied for unemployment aid last week, the third drop in four weeks.
China Manufacturing Data Lifts Asia Stock Markets
World stock markets rose modestly Monday following a fairly strong Chinese manufacturing survey — but trading was subdued as investors waited
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
Fed to Buy More Bonds in Bid to Boost Economy
With unemployment at 9.6 percent, the Federal Reserve is all but certain this week to launch a new program to try to fortify the economy. ...
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.
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.
Sept Consumer Spending Weaker on Income Dip
Americans slowed their spending in September to the weakest pace in three months and their incomes fell for the first time in 14 months.
AIG to Repay $37 Bil. Govt Bailout
AIG said Monday it raised nearly $37 billion from the sale of two foreign insurance units and will use that money to repay a government ...
Lower TV Glass Demand Crimps Corning Profits
Corning Inc. says its profit jumped 22 percent in the third quarter but it missed Wall Street expectations on lower sales of glass for flat-panel ...
Why Jobless Rates Stay High Despite Growth
An economy growing 2 percent a year might be tolerable in normal times. Today, it's a near-disaster.
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.
Nissan Unveils Electric Two-Seat Concept Car
Nissan showed a two-seater electric vehicle resembling a go-cart Monday that isn't ready for sale but spotlights the Japanese automaker's ambitions
Galaxy S Lifts Samsung Past HTC in Smart Phones
The success of its Galaxy S has moved Samsung Electronics up into the number 4 spot among smartphone makers wth 7.85 million sold in the ...
Pontiac Laid to Rest After Storied Life
Pontiac, whose muscle cars drag-raced down boulevards, parked at drive-ins and roared across movie screens, is going out of business on Sunday.
India Backs Off Threat to Ban Blackberries
India has followed the United Arab Emirates in backing off from a threat to ban popular services on Blackberry devices, amid growing global concern
YouTube CEO Chad Hurley Moves to Fashion Business
YouTube CEO Chad Hurley is surrendering the reins of the popular video website that he started with two buddies as a quirky curiosity and went ...
Declining Demand Seen for LCDs Despite Solid Profits
Companies that make huge flat-screen televisions and their LCD panel components are alerting investors that demand is dropping in the U.S.
Honda, Mazda Profits Soar Despite Strong Yen
Japanese automakers Honda and Mazda posted hefty profits despite a strengthening yen as the global recovery and government incentives for green
Panasonic Profits Quintuple on LCDs, Auto Electronics
Panasonic, Japan's biggest home appliance maker, said Friday its quarterly profit surged more than fivefold on strong consumer demand despite
Sony Returns to Modest Profits
Sony Corp. says it returned to black in the July-September quarter on better sales of its PlayStation gaming consoles and personal computers.
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
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.
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 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
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
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.
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