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Fry's, Safeway Prepare for Possible Strike

In less than a week, unionized workers at two Arizona grocery store chains may be walking a picket line instead of stocking shelves and cutting ...

Unemployed Suffer More Now Than in 1982

It hurts more to be unemployed now than the last time the jobless rate hit 10 percent.

New England Recovery Slower Than Nation's

The worst of the recession may be over, but a new economic forecast points to a "slow and weak recovery" in the New England states, ...

CBS Sees Ad Sales Bouncing Back

The sale of popular TV shows partly offset a drop in third-quarter advertising revenue at CBS Corp. but the company said ad trends are improving ...

Recovery Won't Keep Unemployment from Passing 10%

The economy is rebounding from its deepest slump since the 1930s, but it probably won't seem that way when the government releases its monthly employment ...

AIG Posts Profit for 2nd Consecutive Quarter

AIG says it was profitable for the second straight quarter as its core insurance operations continue to stabilize after being bailed out by the government ...

World Unemployment Up Despite Emerging Recovery

Despite signs of an economic revival gathering pace around the globe, the millions of people laid off during the worst recession in 70 years are ...

Starbucks Sees More Customers Spending More

More people are visiting Starbucks Corp. coffee shops this year than last, and they're spending more money when they do, an executive said Thursday.

Stocks Surge on Positive Jobs Data, Cisco Forecast

A drop in unemployment claims and an upbeat forecast from Cisco Systems Inc. gave investors a jolt of confidence a day before a key government ...

Panasonic Opens Bid to Take Over Sanyo

Panasonic Corp. said Thursday it has started its bid to take over smaller rival Sanyo Electric Co. for an estimated 402 billion yen ($4.4 billion), ...

Cisco Forecasts 1st Revenue Growth in Year

Cisco Systems Inc. doesn't want Wall Street to interpret its forecast for its first quarterly revenue growth in a year as evidence that the U.S. ...

Toyota Announces Surprise Profits, Ups Forecast

Toyota Motor Corp. announced Thursday a surprise profit last quarter and trimmed its projected red ink for the year, underlining the gradual recovery

HP Moves into Networking with $2.7 Bil. 3Com Buy

Hewlett-Packard Co. said Wednesday it is buying the 3Com Corp. networking company for $2.7 billion, the latest move by the world's No. 1 personal computer ...

Rich Buying Again but Middle Class Still Hurting

American shoppers are splitting again: The affluent are finally starting to buy, picking up designer clothes at places like Nordstrom, while those on the lower ...

Eurozone Emerged from Recession in Q3

The 16-country eurozone has officially joined the United States and Japan out of recession, after figures Friday showed its economy grew by 0.4 percen

Volkswagen, Audi Sales Up 11% on China Boom

German car maker Volkswagen AG said Friday that its group deliveries were up 11 percent on the year in October

Federal Deficit Hits New Record in October

The federal deficit hit a record for October as the new budget year began where the old one ended: with the government awash in red ...

Boeing Fixes 787 Flaws, Vows Test Flight by Yearend

Boeing Co. said Thursday it has finished fixing structural flaws in the first of its long-delayed 787 jetliners.

China Signals Intention to Let Yuan Rise

The dollar edged up in trading against other currencies Thursday as the Chinese government appeared to signal that it may be willing to let the ...

Intel Settles AMD Dispute for $1.25 Bil., Faces Charges

Intel Corp. is paying Silicon Valley rival Advanced Micro Devices Inc. $1.25 billion to squash a legal battle over Intel's sales tactics,

China Automotive Systems Sees Profits Surge

China Automotive Systems Inc., which makes power steering components, said Thursday that third-quarter profit rose sharply on a boost in sales of components

Macy's Posts Smaller Loss, Raises Outlook

Macy's Inc.'s third-quarter loss shrunk as tight inventory controls and a move to localize merchandise at its department stores by region paid off.

China Partners with Statoil in Gulf Licenses

Norwegian oil company Statoil ASA agreed last month to sell part of its interests in the U.S. Gulf of Mexico to the China National Offshore ...

Applied Materials to Cut At Least 1,300 Jobs

Applied Materials Inc. said Wednesday that fiscal fourth-quarter net income fell by 40 percent and announced it would cut 1,300 to 1,500 jobs

ExpressJet Reports 8% Traffic Increase

ExpressJet Holdings Inc. said traffic on its airlines rose 8 percent and planes were more full in October than they were a year ago.

Small Businesses Cut Costs with Home Workers

There's a downsizing trend under way at many small businesses: Moving to smaller offices because of shrinking staffs and as more workers telecommute.

U.S. Feared on Course to Repeat Japan's Lost Decade

Heavy government stimulus spending and near-zero interest rates did little to end a "lost decade" of stagnation and mushrooming debt in Japan. Some economists

Asian Stocks Rise on Growth in China, Japan

Asian stock markets were mostly higher Wednesday after figures from China and Japan showed the region's two biggest economies were on track

China Consumer Growth Offsets Export Decline

The slump in China's exports eased last month as industrial output and retail sales rose sharply, the government said Wednesday, showing that recovery in the ...

U.S. Recovery Threatened by Unemployment Says World Bank

Stubbornly high joblessness threatens to trigger loan defaults and drag on consumption next year, hobbling a U.S. economy struggling to rebound from recession

GM Chief Engineer Relieved Opel Staying with GM

When General Motors Co.'s board halted the sale of the company's European car business last week, no one was happier than the automaker's chief engineer.

Adobe to Cut 680 Full-Time Jobs

dobe Systems said Tuesday it is cutting 680 full-time jobs, or about 9 percent of its work force, to align costs with its fiscal 2010 ...

Asia Stocks Continue Slide on Weak U.S. Data

Asian stock markets fell for a third day Thursday after signs of weakness in the U.S. housing market added to fears about the health of ...

China's Small-Cap Market Opens for Trading

A new Chinese stock exchange meant to nurture small and high-tech enterprises, modeled on the U.S.-based Nasdaq market

Samsung Profits Triple on Booming Sales

Samsung Electronics Co. said third-quarter net profit tripled to a record amid higher prices for computer memory chips and increased sales of consumer products

iPhone Reaches China Without WiFi Access

Apple's iPhone is making its long-awaited formal debut in the world's most populous mobile phone market, without a key feature and at higher prices

Japan Jobless Rate Falls for 2nd Straight Month

Japan's unemployment rate fell for the second straight month as companies gained more confidence in the stimulus-fueled global recovery but prices continued to tumble

Strong GDP Growth, Weak Dollar Drive Up Commodities

Commodities prices rebounded Thursday, buoyed by a falling dollar and a stronger-than-expected reading on the economy.

Consumers Return to Pricier Name Brands

Signs of an improving economy might be in your kitchen or bathroom cupboards. Consumers are showing a willingness to pay a little more

China to Invest $1.5 Bil. in Texas Wind Farm

China took a big leap into the U.S. renewable energy market Thursday, putting up $1.5 billion for a 36,000-acre wind farm in Texas with the ...

Hawaii Gov to Woo Big Spenders from China

Gov. Linda Lingle will leave on Friday for a two-week excursion to China where she intends to sell Hawaii as a tourism destination and to ...

Alcoa Working with China on Jetliner Development

Alcoa Inc. said Thursday it is working with China on the development of the country's newest and biggest commercial jetliner.

AIG Scraps Plans to Sell Japanese Units

American International Group Inc. has dropped plans to sell two Japanese subsidiaries, according to a published report

Oil Prices Slump on Surprising Gas Supplies

Oil prices hung below $78 a barrel Thursday in Asia as an unexpected jump in U.S. gasoline supplies cast doubt on the strength of a ...

Q3 Data to Show Recession Ended but Doubts Persist

The economy appears back on its feet after being knocked over by the worst recession since the 1930s.

CIT Group Gets $4.5 Bil. More to Restructure Debt

CIT Group Inc., one of the nation's largest lenders to small and mid-sized businesses, said Wednesday it received $4.5 billion in credit from its own ...

New Home Sales Fall Unexpectedly

Shares of homebuilders slid Wednesday as new home sales dropped for the first time in five months.

GM to Post Sales Gains for First Time in 21 Months

General Motors Co. is likely to post its first year-over-year monthly sales gain in 21 months when automakers report sales figures on Tuesday, a top ...

China's Geely in Talks to Buy Volvo from Ford

Ford Motor Co. has picked a consortium led by China's Geely Group as the preferred bidder to buy its Swedish Volvo Cars unit, the U.S. ...

Japan Carmakers Report Record China Production

Japanese automakers are experiencing a production boom in China with Toyota, Honda and Nissan setting records for September — the latest signs of an emerging ...

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