Loan Modification Program Turns Blind Eye to Lying
The government shouldn't reward liars. But that's the effect of changes to the Obama administration's failing program to help homeowners modify their mortgages.
Business
Google Looks to Dominate Mobile Ads with AdMob
Four years ago, Omar Hamoui was just another ineffectual entrepreneur trying to spruce up his resume in graduate school.
Senate Raises Debt Ceiling to $12.4 Tril.
The Senate voted Thursday to raise the ceiling on the government debt to $12.4 trillion, a massive increase over the current limit
Treasury Removes Cap for Fannie, Freddie Aid
The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac.
Durable Goods, Jobs Data Drive Up Stocks
Stocks rose Thursday after positive reports on unemployment and durable goods orders showed the economy is continuing to recover.
Oil Prices Pass $77 on Surprise Inventory Drop
Oil prices hit a three-week high above $77 a barrel Thursday before surrendering most of its gains as a larger than expected drop in U.S. ...
New GM CFO to Get $750,000 Plus Stocks
The new chief financial officer at General Motors Co. will receive a salary of $750,000 next year, but he'll get up to another $5.45 million
Citigroup Sheds Pay Caps After $20 Bil. TARP Payback
Citigroup Inc. on Wednesday repaid $20 billion in bailout money and received a government ruling that it's no longer covered by the pay restrictions
Kodak Sues Apple, RIM for Infringing Camera Patents
Eastman Kodak Co. said Thursday it is suing Apple Inc. and BlackBerry maker Research in Motion Ltd. over technology related to digital cameras
Alibaba Calls Yahoo Stand on Google Reckless
China's e-commerce giant Alibaba turned on major shareholder Yahoo Inc. on Saturday, calling the American company's support of Google
L.A. Film Production Fell 19% in 2009
Movie and TV filming on the streets of Los Angeles plummeted last year but a new state tax credit program helped stop some runaway production.
JPMorgan Profits Soar Despite Rising Consumer Loan Losses
JPMorgan Chase & Co.'s profit rose more than four-fold to $3.28 billion in the last three months of 2009, but the results released Friday
China's Mobile Web Population Doubled in 2009
China's population of Internet users, already the world's largest, soared nearly 30 percent last year to 384 million as the number of people surfing the ...
Role As Media Activist Creates Dilemma for Google
Google Inc. is enjoying an avalanche of good will because of its threat to leave China over e-mail hacking attacks against dissidents.
Intel Earnings, Outlook Confirm PC Sector Recovery
Intel's fourth-quarter earnings breezed past Wall Street's expectations, and its rosy profit outlook for 2010 was another sign that a lasting recovery
Foreign Investment in China Doubled in December
Foreign direct investment in China more than doubled in December from a year earlier as companies poured money
Shiseido to Buy Bare Essentials for $1.7 Bil.
Shiseido Co. said Friday it will buy San Francisco-based Bare Escentuals Inc. for $1.7 billion, a step forward in the Japanese cosmetic giant's plan
P&G Launches Online Retail Site
The maker of Tide detergent, Pampers diapers and Gillette shavers is taking hundreds of its popular consumer products directly to shoppers
Saudi Tycoon Seeks Broader Ties with News Corp
The Saudi billionaire whose investment firm is one of the biggest stakeholders in Rupert Murdoch's News Corp. said he is looking to expand his alliances
Retail Sales Fall, Jobless Claims Rise
Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly drop on record and highlighting the formidable hurdles
World Markets Rise As China Cooling Fears Ease
World stock markets rebounded Thursday as receding worries about credit-tightening in China bolstered companies across Asia
Google Founders Likely Force Behind China Stand
Google Inc. co-founders Sergey Brin and Larry Page have always said they put their principles before profit, even to the point of using their control
China Will Stay Top Car Market Says GM Exec
China has probably passed the U.S. for good as the world's largest auto sales market, General Motor Co.'s top executive in China said Wednesday.
Nexus One Falls Short of Being Super Phone
Many people consider the iPhone the ultimate "smart" phone. Now Google wants you to think of its new Nexus One device as a "super" phone.
Yahoo Backs Google Response to Email Hacking
Yahoo supports rival Google's threatened departure from China because of computer attacks that pried into the e-mail accounts of human rights activists.
GM to Halt Hummer Line As Sichuan Heavy Takes Over
General Motors Co. will halt Hummer production next week at its Louisiana plant until sale of the brand to a Chinese company is completed.
Baidu Shares Leap on Google Threat to Quit China
Baidu, the biggest search engine in China, is reaping a windfall from Google's threat to pull out of the country.
LG Expects to Sell 140 Mil. Cell Phones in 2010
LG Electronics Inc. said Wednesday that it expects a significant increase in mobile phone sales this year as it rolls out 20 new smartphones
China's HK Signs Italian Designer for U.S. Hybrid Car
A former Chinese carmaker planning a hybrid car assembly plant in Alabama has lined up a veteran engineering and design firm
China Growth Jumps to 10.7% for Q4
China's economic growth accelerated to 10.7 percent in the final quarter of 2009, adding to pressure on Beijing to cool inflation pressures
NY Times to Charge for Online Access in 2011
The New York Times plans to charge readers for full access to its Web site next year, reviving an idea that fizzled twice for the ...
Toyota Takes Stake in Argentina Lithium Mining Venture
A key supplier of Toyota Motor Corp. has formed a partnership to mine lithium in Argentina, securing greater access to a metal critical to the ...
U.S. Recession Fed Hiring at Indian Outsourcing Firms
India's top three outsourcing companies are ramping up hiring and increasing pay as global corporations, mainly from the U.S.
World Markets Fall on China Lending Curbs
China's main stock market led global exchanges lower Wednesday as investors fretted about the possibility of further lending curbs
Baidu Sues Register.com for Hacking Attack
China's most popular search engine, Baidu Inc., is accusing its U.S.-based domain name registry of negligence in a lawsuit over a hacking
LG Display Profits Jump on Surge in Q4 Sales
LG Display Co. returned to profit in the fourth quarter of 2009 as higher prices helped boost sales after a U.S. price-fixing fine dragged
IBM Profits Rise 9% As Revenue Growth Resumes
IBM Corp. said Tuesday that it managed a 9 percent increase in profit in the last quarter as the technology company's revenue grew for the ...
JAL's Asia Routes Real Prize of American-Delta Contest
Japan Airlines isn't the real prize in the fight between Delta Air Lines and American Airlines over who gets to partner with the troubled carrier.
German Economy Contracted 5% in 2009
Germany's economy contracted 5 percent in 2009 amid the global economic downturn, by far its worst performance since World War II
Ad Revenues Expected to Rise in 2010
company that tracks advertising trends raised its outlook for the year Tuesday and said the two-year slump in U.S. ad revenue may be ending.
SoCal Home Median Prices Rose in November
The median home price in Southern California posted its first year-on-year gain last month since the summer of 2007
Baidu Shares Drop on Departure of CTO Yinan Li
Shares of Baidu Inc. fell Tuesday after China's leading search engine operator said its chief technology officer has resigned
Marriage Elevates Economic Status of More Men
Historically, marriage was the surest route to financial security for women. Nowadays it's men who are increasingly getting the biggest economic boost
Cadbury Agrees to $18.9 Bil. Kraft Takeover Offer
British candy maker Cadbury PLC on Tuesday accepted and recommended to shareholders Kraft's improved takeover offer worth $18.9 billion
Citigroup Repays TARP Despite $7.6 Bil. Q4 Loss
Citigroup said Tuesday it lost $7.58 billion during the final three months of 2009 as consumers still struggled to repay loans and the bank repaid
Google Cancels China Cell Phone Launch Amid Row
Google on Tuesday postponed the launch of its mobile phone in China, adding to the potential commercial fallout of its dispute with Beijing over Internet
JAL Files for Bankruptcy with $25.6 Bil. Debt
Japan Airlines filed for bankruptcy Tuesday in one of the nation's biggest corporate failures ever, entering a restructuring
Singapore Exports Jumped 26% in December
Singapore's exports jumped in December for the second straight month as global demand for the city-state's electronics surged.
China Mobile Vice-Chairman Fired for Past Corruption
China Mobile Ltd., the world's biggest phone company by subscribers, said Friday it has dismissed its vice chairman, who a business magazine reported
JAL to Decline Tieup Offers by Delta, American
Troubled Japan Airlines Corp. and the state-backed corporate turnaround body responsible for the money-losing airline's restructuring
Loan Modification Program Turns Blind Eye to Lying
The government shouldn't reward liars. But that's the effect of changes to the Obama administration's failing program to help homeowners modify their mortgages.
Google Looks to Dominate Mobile Ads with AdMob
Four years ago, Omar Hamoui was just another ineffectual entrepreneur trying to spruce up his resume in graduate school.
Senate Raises Debt Ceiling to $12.4 Tril.
The Senate voted Thursday to raise the ceiling on the government debt to $12.4 trillion, a massive increase over the current limit
Treasury Removes Cap for Fannie, Freddie Aid
The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac.
Durable Goods, Jobs Data Drive Up Stocks
Stocks rose Thursday after positive reports on unemployment and durable goods orders showed the economy is continuing to recover.
Oil Prices Pass $77 on Surprise Inventory Drop
Oil prices hit a three-week high above $77 a barrel Thursday before surrendering most of its gains as a larger than expected drop in U.S. ...
New GM CFO to Get $750,000 Plus Stocks
The new chief financial officer at General Motors Co. will receive a salary of $750,000 next year, but he'll get up to another $5.45 million
Citigroup Sheds Pay Caps After $20 Bil. TARP Payback
Citigroup Inc. on Wednesday repaid $20 billion in bailout money and received a government ruling that it's no longer covered by the pay restrictions
Kodak Sues Apple, RIM for Infringing Camera Patents
Eastman Kodak Co. said Thursday it is suing Apple Inc. and BlackBerry maker Research in Motion Ltd. over technology related to digital cameras
Alibaba Calls Yahoo Stand on Google Reckless
China's e-commerce giant Alibaba turned on major shareholder Yahoo Inc. on Saturday, calling the American company's support of Google
L.A. Film Production Fell 19% in 2009
Movie and TV filming on the streets of Los Angeles plummeted last year but a new state tax credit program helped stop some runaway production.
JPMorgan Profits Soar Despite Rising Consumer Loan Losses
JPMorgan Chase & Co.'s profit rose more than four-fold to $3.28 billion in the last three months of 2009, but the results released Friday
China's Mobile Web Population Doubled in 2009
China's population of Internet users, already the world's largest, soared nearly 30 percent last year to 384 million as the number of people surfing the ...
Role As Media Activist Creates Dilemma for Google
Google Inc. is enjoying an avalanche of good will because of its threat to leave China over e-mail hacking attacks against dissidents.
Intel Earnings, Outlook Confirm PC Sector Recovery
Intel's fourth-quarter earnings breezed past Wall Street's expectations, and its rosy profit outlook for 2010 was another sign that a lasting recovery
Foreign Investment in China Doubled in December
Foreign direct investment in China more than doubled in December from a year earlier as companies poured money
Shiseido to Buy Bare Essentials for $1.7 Bil.
Shiseido Co. said Friday it will buy San Francisco-based Bare Escentuals Inc. for $1.7 billion, a step forward in the Japanese cosmetic giant's plan
P&G Launches Online Retail Site
The maker of Tide detergent, Pampers diapers and Gillette shavers is taking hundreds of its popular consumer products directly to shoppers
Saudi Tycoon Seeks Broader Ties with News Corp
The Saudi billionaire whose investment firm is one of the biggest stakeholders in Rupert Murdoch's News Corp. said he is looking to expand his alliances
Retail Sales Fall, Jobless Claims Rise
Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly drop on record and highlighting the formidable hurdles
World Markets Rise As China Cooling Fears Ease
World stock markets rebounded Thursday as receding worries about credit-tightening in China bolstered companies across Asia
Google Founders Likely Force Behind China Stand
Google Inc. co-founders Sergey Brin and Larry Page have always said they put their principles before profit, even to the point of using their control
China Will Stay Top Car Market Says GM Exec
China has probably passed the U.S. for good as the world's largest auto sales market, General Motor Co.'s top executive in China said Wednesday.
Nexus One Falls Short of Being Super Phone
Many people consider the iPhone the ultimate "smart" phone. Now Google wants you to think of its new Nexus One device as a "super" phone.
Yahoo Backs Google Response to Email Hacking
Yahoo supports rival Google's threatened departure from China because of computer attacks that pried into the e-mail accounts of human rights activists.
GM to Halt Hummer Line As Sichuan Heavy Takes Over
General Motors Co. will halt Hummer production next week at its Louisiana plant until sale of the brand to a Chinese company is completed.
Baidu Shares Leap on Google Threat to Quit China
Baidu, the biggest search engine in China, is reaping a windfall from Google's threat to pull out of the country.
LG Expects to Sell 140 Mil. Cell Phones in 2010
LG Electronics Inc. said Wednesday that it expects a significant increase in mobile phone sales this year as it rolls out 20 new smartphones
China's HK Signs Italian Designer for U.S. Hybrid Car
A former Chinese carmaker planning a hybrid car assembly plant in Alabama has lined up a veteran engineering and design firm
China Growth Jumps to 10.7% for Q4
China's economic growth accelerated to 10.7 percent in the final quarter of 2009, adding to pressure on Beijing to cool inflation pressures
NY Times to Charge for Online Access in 2011
The New York Times plans to charge readers for full access to its Web site next year, reviving an idea that fizzled twice for the ...
Toyota Takes Stake in Argentina Lithium Mining Venture
A key supplier of Toyota Motor Corp. has formed a partnership to mine lithium in Argentina, securing greater access to a metal critical to the ...
U.S. Recession Fed Hiring at Indian Outsourcing Firms
India's top three outsourcing companies are ramping up hiring and increasing pay as global corporations, mainly from the U.S.
World Markets Fall on China Lending Curbs
China's main stock market led global exchanges lower Wednesday as investors fretted about the possibility of further lending curbs
Baidu Sues Register.com for Hacking Attack
China's most popular search engine, Baidu Inc., is accusing its U.S.-based domain name registry of negligence in a lawsuit over a hacking
LG Display Profits Jump on Surge in Q4 Sales
LG Display Co. returned to profit in the fourth quarter of 2009 as higher prices helped boost sales after a U.S. price-fixing fine dragged
IBM Profits Rise 9% As Revenue Growth Resumes
IBM Corp. said Tuesday that it managed a 9 percent increase in profit in the last quarter as the technology company's revenue grew for the ...
JAL's Asia Routes Real Prize of American-Delta Contest
Japan Airlines isn't the real prize in the fight between Delta Air Lines and American Airlines over who gets to partner with the troubled carrier.
German Economy Contracted 5% in 2009
Germany's economy contracted 5 percent in 2009 amid the global economic downturn, by far its worst performance since World War II
Ad Revenues Expected to Rise in 2010
company that tracks advertising trends raised its outlook for the year Tuesday and said the two-year slump in U.S. ad revenue may be ending.
SoCal Home Median Prices Rose in November
The median home price in Southern California posted its first year-on-year gain last month since the summer of 2007
Baidu Shares Drop on Departure of CTO Yinan Li
Shares of Baidu Inc. fell Tuesday after China's leading search engine operator said its chief technology officer has resigned
Marriage Elevates Economic Status of More Men
Historically, marriage was the surest route to financial security for women. Nowadays it's men who are increasingly getting the biggest economic boost
Cadbury Agrees to $18.9 Bil. Kraft Takeover Offer
British candy maker Cadbury PLC on Tuesday accepted and recommended to shareholders Kraft's improved takeover offer worth $18.9 billion
Citigroup Repays TARP Despite $7.6 Bil. Q4 Loss
Citigroup said Tuesday it lost $7.58 billion during the final three months of 2009 as consumers still struggled to repay loans and the bank repaid
Google Cancels China Cell Phone Launch Amid Row
Google on Tuesday postponed the launch of its mobile phone in China, adding to the potential commercial fallout of its dispute with Beijing over Internet
JAL Files for Bankruptcy with $25.6 Bil. Debt
Japan Airlines filed for bankruptcy Tuesday in one of the nation's biggest corporate failures ever, entering a restructuring
Singapore Exports Jumped 26% in December
Singapore's exports jumped in December for the second straight month as global demand for the city-state's electronics surged.
China Mobile Vice-Chairman Fired for Past Corruption
China Mobile Ltd., the world's biggest phone company by subscribers, said Friday it has dismissed its vice chairman, who a business magazine reported
JAL to Decline Tieup Offers by Delta, American
Troubled Japan Airlines Corp. and the state-backed corporate turnaround body responsible for the money-losing airline's restructuring
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