Record NYC Real Estate Deal Looms As Record Bust
It was the most expensive real estate deal in U.S. history. Now it's poised to become one of the biggest flops. At the height of ...
Business
Biggest Solar Power Plant Set to Open in Florida
Greg Bove steps into his pickup truck and drives down a sandy path to where the future of Florida's renewable energy plans begin: Acres of ...
Gap to Resume TV Ads, Expand into China
The apparel retailer Gap Inc. on Thursday announced plans to return to television advertising in November for its namesake brand, after a two-year hiatus,
2009 Federal Deficit to Reach $1.4 Tril.
What is $1.42 trillion? It's more than the total national debt for the first 200 years of the Republic, more than the entire economy of ...
U.S. Assets Attract Rising Foreign Demand
Foreign demand for long-term U.S. financial assets rose in August even though China trimmed its holdings of Treasury securities. Foreigners purchased $28.6 billion more
BOA Reports $2.2 Bil. Loss on Rising Bad Loans
Bank of America Corp. says it lost more than $2 billion in the third quarter as its loan losses continued to rise. The nation's second-largest ...
Twitter Launches Japanese Mobile Site
Twitter Inc. now speaks Japanese — and it plans to be multilingual within months. The popular microblogging service launched a Japan-based mobile version Thursday, hoping ...
IBM Profits Jump, Boosts '09 Guidance
IBM Corp. has jacked up its profit guidance for the second time this year, a sign of the company's confidence that it can uncork more ...
Google Earns Record Profit on Revenue Growth
Google Inc. shifted into a higher gear in the third quarter and began to leave the recession behind as the 11-year-old Internet search leader recorded ...
California Home Sales Up 1% in September
The number of homes sold in California last month ticked up last month from August, as low mortgage rates and eagerness to cash in on ...
AMD Reports Strong Sales on Rising CPU Demand
Advanced Micro Devices Inc. lost money in the third quarter but said Thursday that sales were stronger than expected, adding to mounting evidence that consumer ...
China Sept. Data Shows Return to Robust Growth
China's foreign direct investment and power usage rose in September, in the latest evidence the country's economic recovery is gaining momentum. Foreign direct investment in ...
China to Open Stock Market for Small Firms
Trading on China's new stock market catering to smaller companies will begin Oct. 23, the chairman of the country's securities regulator said Saturday.
House Banking Panel Votes to Regulate Derivatives
A House panel voted Thursday to regulate for the first time privately traded derivatives, the kind of exotic financial instruments that helped bring down Lehman ...
Goldman Earnings Top $3 Bil. on Trading Profits
Goldman Sachs Group Inc.'s third-quarter earnings more than tripled from the depths of the financial crisis as income from the company's trading operations offset a ...
VisionChina Media to Buy Subway Advertising Leader
VisionChina Media Inc., which operates digital advertising screens on mass transportation systems in China, said Thursday it will buy subway advertising company Digital Media Group ...
Asian Markets Extend Rally on U.S. Profits Data
Asian stocks extended their rise Thursday after better-than-expected earnings reports from U.S. companies helped push the Dow Jones industrial average pass the 10,000 mark for ...
S&P Downgrades Southwest Airlines
Standard & Poor's downgraded Southwest Airlines Co. one notch on Wednesday, citing lower demand for travel and weak pricing that have cut into the company's ...
JPMorgan Earned $3.6 Bil. Despite High Loan Losses
JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset rising loan losses that the bank warned ...
Online Subs Put WSJ Ahead of USA Today
The Wall Street Journal has surpassed USA Today as the top-selling daily newspaper in the United States. The Audit Bureau of Circulations won't be releasing ...
Oracle Turns Up Rhetoric As Server Sales Go to IBM
Larry Ellison ratcheted up his rhetoric against IBM Corp. on Wednesday, challenging Oracle Corp.'s longtime partner and rival to "make our day" in a battle ...
Dow Closes Above 10,000 for First Time in Year
The Dow Jones industrial average is back above 10,000 for the first time in a year. The Dow crossed five figures Wednesday seven months after ...
Apple Earnings Surge 47% on iPhone Sales
Apple Inc. increased its net income 47 percent in the most recent quarter as more people bought Mac computers and gave in to the iPhone ...
UAL Says Business Travel Improving Despite Loss
United Airlines said on Tuesday that it's seeing early signs of a recovery in business travel as it reported a smaller-than-expected quarterly loss. The recession ...
Coach Sales Rise with Help from Lower-Priced Line
Coach Inc.'s fiscal first-quarter profit fell slightly, but revenue rose as new, lower-priced handbag lines helped juice sales. The company blamed heavy promotions spurred by ...
Asia Stocks Up, Europe Down on U.S. Earnings
Most Asian stock markets climbed Tuesday as a rash of better-than-expected earnings reports from major U.S. companies buttressed confidence in the world economy. European markets ...
Toyota Pushes into Hyundai Country
Toyota is making a push into South Korea — the home market of international rival Hyundai Motor Co. — introducing four models including the Camry ...
Toyota Unveils Bigger Hybrid-Only Model
Toyota Motor Corp. has unveiled a more expensive and bigger hybrid-only model than its hit Prius, underlining the Japanese automaker's ambitions to make green technology ...
China Crosses 10 Mil. A Year Auto Production Mark
China's annual auto production surpassed 10 million for the first time on Tuesday, as a new "Liberation" model truck rolled off the assembly line at ...
Video Game Sales Improve in September
After six straight months of double-digit declines, U.S. video game sales finally saw an improvement in September. But the rebound was much more muted than ...
Honda May Move Fit Production to U.S.
Honda Motor Co. says it may move production of the popular Fit hatchback to the U.S. to offset the effects of a stronger yen. Spokesman ...
Morgan Stanley Sells Consumer Unit to Invesco
Morgan Stanley said Tuesday it will sell its retail asset management business, including the Van Kampen division, to money manager Invesco Ltd. for $1.5 billion ...
GMAC in Talks with Treasury for 3rd Round of Bailout
GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline ...
Stocks Rise as Earnings Beat Views
Investors found a fresh appetite for stocks Monday after a handful of earnings reports revived hopes that the economy is improving.
JAL Shares Surge on Gov't Rescue Plan
Shares of Japan Airlines surged nearly 12 percent Monday following a report the government is expediting a rescue for the struggling carrier.
China Growth Over 7% for Jan-Sept 2009
China's economy expanded more than 7 percent in the first nine months of the year and will certainly surpass the 2009 growth target of 8 ...
Asia Stocks Rise Eyeing U.S., China Earnings
Asian stock markets were mostly higher Monday as investors looked to bellwether U.S. companies and China for guideposts to the strength of recovery in two ...
Wall Street Awaits Earnings of Consumer Bellwethers
After getting worrisome signs about consumers from bankers' earnings reports, investors will be looking at a broad range of companies this week for further insights ...
Chevron Announces New Gas Find Off Australia
Energy company Chevron Corp. said Sunday it has made an additional discovery of natural gas in the giant Gorgon gas field being developed off the ...
States Sue Feds for Billions in Unclaimed Savings Bonds
The federal government is facing a lawsuit over billions in unclaimed bonds that date back to the patriotic fundraising efforts of World War II, leading ...
India's Natural Gas Tied Up by Brothers' $17 Bil. Fued
An ashen Anil Ambani, one of the world's richest men, stood before a clutter of television cameras, close to tears. "There is only pain, hurt ...
Peanuts Have Crackerjack Year After Salmonella Scare
Go figure: Food makers processed more peanuts over the past year than nearly any other time on record despite a national salmonella outbreak blamed for ...
India Hopes to Top 7% Growth Rate in 2010
The Indian government is pushing ahead with economic reforms aimed at achieving a growth rate of more than 7 percent next year but will make ...
Asia Stocks Rise on Wall Street Surge
Asian stocks extended their gains Tuesday after Wall Street touched its highest level for 2009 amid optimism low interest rates would continue to power this ...
Cisco Systems Borrows $5 Bil.to Fuel Buying Binge
Cisco Systems Inc., the world's largest maker of computer networking equipment, said Monday it will sell three series of senior unsecured notes worth a total ...
Sprint to Cut Up to 2,500 Jobs
Sprint Nextel Corp. on Monday said it will cut 2,000 to 2,500 jobs, mostly before the end of the year, as it keeps losing subscribers.
Google to Buy Ad Mob for $750 Mil.
Google Inc. is stepping up its push to sell advertising on cell phones, announcing a deal Monday to buy a mobile ad network, AdMob, for ...
World Markets Boosted by G-20 Stimulus Pledge
World stock markets rose Monday and the dollar fell sharply against the euro after the Group of 20 leading rich and developing countries agreed to ...
China Car Sales Jump 72% in October
Powered by tax cuts and stimulus spending, China's October auto sales soared 72 percent from a year earlier, outpacing U.S. sales for another month
Northrop Sells TASC to Fund Stock Buyback Increase
Northrop Grumman said Sunday it agreed to sell its advisory services business TASC Inc. to private equity firm General Atlantic LLC and affiliates of Kohlberg ...
Record NYC Real Estate Deal Looms As Record Bust
It was the most expensive real estate deal in U.S. history. Now it's poised to become one of the biggest flops. At the height of ...
Biggest Solar Power Plant Set to Open in Florida
Greg Bove steps into his pickup truck and drives down a sandy path to where the future of Florida's renewable energy plans begin: Acres of ...
Gap to Resume TV Ads, Expand into China
The apparel retailer Gap Inc. on Thursday announced plans to return to television advertising in November for its namesake brand, after a two-year hiatus,
2009 Federal Deficit to Reach $1.4 Tril.
What is $1.42 trillion? It's more than the total national debt for the first 200 years of the Republic, more than the entire economy of ...
U.S. Assets Attract Rising Foreign Demand
Foreign demand for long-term U.S. financial assets rose in August even though China trimmed its holdings of Treasury securities. Foreigners purchased $28.6 billion more
BOA Reports $2.2 Bil. Loss on Rising Bad Loans
Bank of America Corp. says it lost more than $2 billion in the third quarter as its loan losses continued to rise. The nation's second-largest ...
Twitter Launches Japanese Mobile Site
Twitter Inc. now speaks Japanese — and it plans to be multilingual within months. The popular microblogging service launched a Japan-based mobile version Thursday, hoping ...
IBM Profits Jump, Boosts '09 Guidance
IBM Corp. has jacked up its profit guidance for the second time this year, a sign of the company's confidence that it can uncork more ...
Google Earns Record Profit on Revenue Growth
Google Inc. shifted into a higher gear in the third quarter and began to leave the recession behind as the 11-year-old Internet search leader recorded ...
California Home Sales Up 1% in September
The number of homes sold in California last month ticked up last month from August, as low mortgage rates and eagerness to cash in on ...
AMD Reports Strong Sales on Rising CPU Demand
Advanced Micro Devices Inc. lost money in the third quarter but said Thursday that sales were stronger than expected, adding to mounting evidence that consumer ...
China Sept. Data Shows Return to Robust Growth
China's foreign direct investment and power usage rose in September, in the latest evidence the country's economic recovery is gaining momentum. Foreign direct investment in ...
China to Open Stock Market for Small Firms
Trading on China's new stock market catering to smaller companies will begin Oct. 23, the chairman of the country's securities regulator said Saturday.
House Banking Panel Votes to Regulate Derivatives
A House panel voted Thursday to regulate for the first time privately traded derivatives, the kind of exotic financial instruments that helped bring down Lehman ...
Goldman Earnings Top $3 Bil. on Trading Profits
Goldman Sachs Group Inc.'s third-quarter earnings more than tripled from the depths of the financial crisis as income from the company's trading operations offset a ...
VisionChina Media to Buy Subway Advertising Leader
VisionChina Media Inc., which operates digital advertising screens on mass transportation systems in China, said Thursday it will buy subway advertising company Digital Media Group ...
Asian Markets Extend Rally on U.S. Profits Data
Asian stocks extended their rise Thursday after better-than-expected earnings reports from U.S. companies helped push the Dow Jones industrial average pass the 10,000 mark for ...
S&P Downgrades Southwest Airlines
Standard & Poor's downgraded Southwest Airlines Co. one notch on Wednesday, citing lower demand for travel and weak pricing that have cut into the company's ...
JPMorgan Earned $3.6 Bil. Despite High Loan Losses
JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset rising loan losses that the bank warned ...
Online Subs Put WSJ Ahead of USA Today
The Wall Street Journal has surpassed USA Today as the top-selling daily newspaper in the United States. The Audit Bureau of Circulations won't be releasing ...
Oracle Turns Up Rhetoric As Server Sales Go to IBM
Larry Ellison ratcheted up his rhetoric against IBM Corp. on Wednesday, challenging Oracle Corp.'s longtime partner and rival to "make our day" in a battle ...
Dow Closes Above 10,000 for First Time in Year
The Dow Jones industrial average is back above 10,000 for the first time in a year. The Dow crossed five figures Wednesday seven months after ...
Apple Earnings Surge 47% on iPhone Sales
Apple Inc. increased its net income 47 percent in the most recent quarter as more people bought Mac computers and gave in to the iPhone ...
UAL Says Business Travel Improving Despite Loss
United Airlines said on Tuesday that it's seeing early signs of a recovery in business travel as it reported a smaller-than-expected quarterly loss. The recession ...
Coach Sales Rise with Help from Lower-Priced Line
Coach Inc.'s fiscal first-quarter profit fell slightly, but revenue rose as new, lower-priced handbag lines helped juice sales. The company blamed heavy promotions spurred by ...
Asia Stocks Up, Europe Down on U.S. Earnings
Most Asian stock markets climbed Tuesday as a rash of better-than-expected earnings reports from major U.S. companies buttressed confidence in the world economy. European markets ...
Toyota Pushes into Hyundai Country
Toyota is making a push into South Korea — the home market of international rival Hyundai Motor Co. — introducing four models including the Camry ...
Toyota Unveils Bigger Hybrid-Only Model
Toyota Motor Corp. has unveiled a more expensive and bigger hybrid-only model than its hit Prius, underlining the Japanese automaker's ambitions to make green technology ...
China Crosses 10 Mil. A Year Auto Production Mark
China's annual auto production surpassed 10 million for the first time on Tuesday, as a new "Liberation" model truck rolled off the assembly line at ...
Video Game Sales Improve in September
After six straight months of double-digit declines, U.S. video game sales finally saw an improvement in September. But the rebound was much more muted than ...
Honda May Move Fit Production to U.S.
Honda Motor Co. says it may move production of the popular Fit hatchback to the U.S. to offset the effects of a stronger yen. Spokesman ...
Morgan Stanley Sells Consumer Unit to Invesco
Morgan Stanley said Tuesday it will sell its retail asset management business, including the Van Kampen division, to money manager Invesco Ltd. for $1.5 billion ...
GMAC in Talks with Treasury for 3rd Round of Bailout
GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline ...
Stocks Rise as Earnings Beat Views
Investors found a fresh appetite for stocks Monday after a handful of earnings reports revived hopes that the economy is improving.
JAL Shares Surge on Gov't Rescue Plan
Shares of Japan Airlines surged nearly 12 percent Monday following a report the government is expediting a rescue for the struggling carrier.
China Growth Over 7% for Jan-Sept 2009
China's economy expanded more than 7 percent in the first nine months of the year and will certainly surpass the 2009 growth target of 8 ...
Asia Stocks Rise Eyeing U.S., China Earnings
Asian stock markets were mostly higher Monday as investors looked to bellwether U.S. companies and China for guideposts to the strength of recovery in two ...
Wall Street Awaits Earnings of Consumer Bellwethers
After getting worrisome signs about consumers from bankers' earnings reports, investors will be looking at a broad range of companies this week for further insights ...
Chevron Announces New Gas Find Off Australia
Energy company Chevron Corp. said Sunday it has made an additional discovery of natural gas in the giant Gorgon gas field being developed off the ...
States Sue Feds for Billions in Unclaimed Savings Bonds
The federal government is facing a lawsuit over billions in unclaimed bonds that date back to the patriotic fundraising efforts of World War II, leading ...
India's Natural Gas Tied Up by Brothers' $17 Bil. Fued
An ashen Anil Ambani, one of the world's richest men, stood before a clutter of television cameras, close to tears. "There is only pain, hurt ...
Peanuts Have Crackerjack Year After Salmonella Scare
Go figure: Food makers processed more peanuts over the past year than nearly any other time on record despite a national salmonella outbreak blamed for ...
India Hopes to Top 7% Growth Rate in 2010
The Indian government is pushing ahead with economic reforms aimed at achieving a growth rate of more than 7 percent next year but will make ...
Asia Stocks Rise on Wall Street Surge
Asian stocks extended their gains Tuesday after Wall Street touched its highest level for 2009 amid optimism low interest rates would continue to power this ...
Cisco Systems Borrows $5 Bil.to Fuel Buying Binge
Cisco Systems Inc., the world's largest maker of computer networking equipment, said Monday it will sell three series of senior unsecured notes worth a total ...
Sprint to Cut Up to 2,500 Jobs
Sprint Nextel Corp. on Monday said it will cut 2,000 to 2,500 jobs, mostly before the end of the year, as it keeps losing subscribers.
Google to Buy Ad Mob for $750 Mil.
Google Inc. is stepping up its push to sell advertising on cell phones, announcing a deal Monday to buy a mobile ad network, AdMob, for ...
World Markets Boosted by G-20 Stimulus Pledge
World stock markets rose Monday and the dollar fell sharply against the euro after the Group of 20 leading rich and developing countries agreed to ...
China Car Sales Jump 72% in October
Powered by tax cuts and stimulus spending, China's October auto sales soared 72 percent from a year earlier, outpacing U.S. sales for another month
Northrop Sells TASC to Fund Stock Buyback Increase
Northrop Grumman said Sunday it agreed to sell its advisory services business TASC Inc. to private equity firm General Atlantic LLC and affiliates of Kohlberg ...
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