Vodafone Unveils Solar Cell Phone for India
Vodafone Essar Ltd. has unveiled a solar-powered mobile handset in India to better serve the nation's energy-starved rural masses.
Business
Existing Home Sales Fall 5.1%, Prices Rise
Sales of previously occupied homes fell in June and are expected to keep sinking, indicating that the housing market's troubles
U.S. Consumer Confidence Falls Most Since February
Americans' confidence in the economy eroded further in July amid worries about a still-stagnant job market. The report raised concerns
Daimler Back to Profits As Asia Sales Pass U.S.
Daimler AG raised its full-year earnings forecast substantially on Tuesday after a strong recovery in global car sales pushed it to a second-quarter
Stocks to Continue Rising on Global Sentiment
Stocks are set to continue their run higher Tuesday as economic and earnings reports worldwide are boosting optimism
DuPont Profits Treble on Surging Sales, Lower Costs
Chemical maker DuPont Co. said Tuesday its net income nearly tripled in the second quarter as sales surged in most of its businesses, and costs ...
German Consumer Confidence Up Sharply
German consumer confidence is up strongly, boosted by expectations that a quicker economic recovery will keep unemployment in check and by cheer
SAP Revenues, Profits Jump on U.S., Asia Growth
Business software maker SAP AG said Tuesday that growth in the United States and emerging markets helped it to a 15 percent increase
Home Prices Expected to Keep Declining
Thought the housing crisis was over? Not quite. Despite four years of falling prices and recent signs that they were finally bottoming
FedEx Raises Year's Outlook on Strong Asia Growth
In another sign of confidence in the global economy, FedEx Corp. on Monday raised its earnings outlook for the current quarter and full year.
Europe Stocks Anticipate Wall Street Rebound
European stock markets rose Monday as investors looked past a downgrade of Ireland's public debt and instead bet on a rebound on Wall Street
Toyota Subpoenaed on Steering Rod Defect
Toyota Motor Corp. said Tuesday it has been subpoenaed by a federal grand jury in New York to submit documents related to problems with rods
Google Pledged to Obey Law to Earn China Renewal
China renewed Google's Internet license after it pledged to obey censorship laws and stop automatically switching mainland users
China Should Boost Interest Rates Says ADB
China should boost interest rates or allow its currency to strengthen to help curb inflation pressures, the Asian Development Bank said Tuesday.
IBM Posts Higher Q2 Profits, Raises 2010 Guidance
IBM Corp. jacked up its 2010 guidance Monday on the technology company's belief that it can wring more profit from its workhorse
Stock Market Moves Up Despite Weak Housing Data
Stocks rose modestly Monday as investors bought selectively following the market's big slide last week. The Dow Jones
Delta Posts $467 Mil. Q2 Profits
Delta Air Lines reversed a second-quarter loss with what it says is its largest quarterly profit in a decade thanks to strong passenger revenue.
Nokia Siemens Buys Motorola Network
Nokia Siemens Networks says it will acquire the majority of Motorola's wireless operations in a $1.2 billion deal.
Halliburton Profits Jump 83%
Halliburton Co. says its second-quarter profit soared 83 percent as natural gas drilling activity picked up in the U.S.
Moody's Cuts Ireland Credit Rating
The Moody's agency cut Ireland's credit rating Monday, citing the country's swelling national debt, the unpredictable cost of its bank-bailout plans
PepsiCo Revenues Soar on Overseas Growth
Foreign currency fluctuations pushed down PepsiCo Inc.'s second-quarter net income 3 percent, even though revenue soared
Phillips Profits Jump 5-Fold on Strong TV Sales
Football fans buying new flat screen televisions to watch the World Cup helped Dutch electronics maker Royal Philips Electronics NV post
Recovery Continues at Slower Pace
Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and fewer cutting jobs
Investors Dump Stocks Despite Strong Profit Reports
Profit is so boring. That's one way to characterize investors' suddenly blase view of Corporate America's single most important figure. Earnings gushed last week like ...
Airbus, Boeing Kick Off Show with Big Orders
Boeing Co. predicts significant new plane orders for itself and European arch rival Airbus at the Farnborough International Airshow
China, Japan Cut U.S. Treasury Holdings in May
China reduced its holdings of U.S. Treasury debt in May as total foreign holdings of government debt posted a slight increase.
Jobs Has Imperfect Response for iPhone Glitch
A perfect iPhone? There's no app for that. Apple Inc. will give free protective cases to buyers of its latest iPhone to prevent reception
GE Profits Rise but Revenues Slip 4%
Cost cutting and an improved financial business helped General Electric Co. post its first increase in quarterly profit since 2007 on Friday
Stocks Rise in Europe As Asia Slips on U.S. Concerns
European stock markets rose Friday, helped by a late rally on Wall Street overnight, while the euro headed towards $1.30 for the first time
Obama Signs Long-Debated Financial Overhaul Bill
Reveling over a new milestone in his presidency, a triumphant Barack Obama on Wednesday signed into law the most sweeping overhaul of lending
Jobless Claims Jump by 37,000
Seasonal factors boosted new requests for unemployment benefits last week as the job market remains weak amid a slow economic recovery.
GM to Pay $3.5 Bil. for Finance Company
General Motors Co. will buy AmeriCredit Corp. for $3.5 billion, a deal that allows the automaker to expand loans to customers with poor credit
Nokia Earnings Fall 40% on Flat Sales
Nokia Corp. said Thursday that second-quarter net profit fell 40 percent to euro227 million ($290 million) as the world's largest mobile phone
World Stocks Up on Earnings, European Growth
World stock markets brushed aside a downbeat assessment of the U.S. outlook from Federal Reserve chairman Ben Bernanke
Foxconn Hikes Prices to Cover Wage Increases
Foxconn Technology Group, which makes iPhones and other gadgets for global technology companies, plans to charge them more to partly
Flipboard iPad App Makes Magazines from Links
Apple Inc.'s iPad has hatched a new breed of magazines, one filled with a constantly changing mix of articles, photos and videos
US Airways Posts Big Profit, AMR Cuts Loss
US Airways joined Delta and United in posting a big second-quarter profit. American Airlines missed the party.
Tiger Woods Endorsements Fall $22 Mil. in 2010
Tiger Woods' estimated endorsements for 2010 are worth $22 million less than last year, according to Sports Illustrated's annual analysis
Jobless Rate Rises in 75% of Urban Areas
The unemployment rate in about three-quarters of the nation's largest metro areas rose last month as nearly one million teenagers entered
Coca-Cola Net Income Surges on Global Thirst
Coca-Cola Co.'s second-quarter net income climbed 16 percent as the world's largest drink maker sold more soft drinks and juices
Morgan Stanley Reports Big Income Jump
Morgan Stanley says its second-quarter net income jumped to $1.58 billion, easily topping forecasts as its Smith Barney brokerage
Airbus Takes Lead As Farnborough Hits $25 Bil.
Plane makers notched up more orders on the third day of the Farnborough International Airshow on Wednesday — bringing the tally past $25 billion
World Markets Rise on Sweet Apple Earnings
Asian stock markets posted mild gains Wednesday after better-than-expected earnings from technology bellwether Apple nudged Wall Street higher.
BP Raises $7 Bil. with Asset Sale to Apache
BP PLC is moving quickly to secure the money it needs to pay for the spill in the Gulf of Mexico. Just weeks after promising ...
LightSquared to Offer 4G Wireless Network Across US
U.S. consumers and businesses may get more options in wireless service starting next year, with the launch of a new wireless broadband
Asia Stocks Rise, Europe Falls on Goldman Earnings
European stocks and Wall Street futures fell Tuesday after lower than expected earnings from U.S. investment bank Goldman Sachs
$21 Bil. in Plane Orders Signals Airline Recovery
Airbus says that Hong Kong Airlines intends to buy $5.7 billion of its widebody A350 and A330 planes.
Cable, Satellite TV Thrives on Robust Demand
Consumers are feeling more confident about spending on small luxuries such as premium cable services and pay-per-view, propelling the earnings
Hawaii Sugar Growers Spearhead U.S. Biofuel Push
The federal government has turned to a 130-year-old Hawaii sugar grower for help in powering the Navy and weaning the nation
German Export Growth Signals High-End Recovery
German exports grew by 3.8 percent on the month in June and reached their highest level since late 2008, official data showed Monday
Vodafone Unveils Solar Cell Phone for India
Vodafone Essar Ltd. has unveiled a solar-powered mobile handset in India to better serve the nation's energy-starved rural masses.
Existing Home Sales Fall 5.1%, Prices Rise
Sales of previously occupied homes fell in June and are expected to keep sinking, indicating that the housing market's troubles
U.S. Consumer Confidence Falls Most Since February
Americans' confidence in the economy eroded further in July amid worries about a still-stagnant job market. The report raised concerns
Daimler Back to Profits As Asia Sales Pass U.S.
Daimler AG raised its full-year earnings forecast substantially on Tuesday after a strong recovery in global car sales pushed it to a second-quarter
Stocks to Continue Rising on Global Sentiment
Stocks are set to continue their run higher Tuesday as economic and earnings reports worldwide are boosting optimism
DuPont Profits Treble on Surging Sales, Lower Costs
Chemical maker DuPont Co. said Tuesday its net income nearly tripled in the second quarter as sales surged in most of its businesses, and costs ...
German Consumer Confidence Up Sharply
German consumer confidence is up strongly, boosted by expectations that a quicker economic recovery will keep unemployment in check and by cheer
SAP Revenues, Profits Jump on U.S., Asia Growth
Business software maker SAP AG said Tuesday that growth in the United States and emerging markets helped it to a 15 percent increase
Home Prices Expected to Keep Declining
Thought the housing crisis was over? Not quite. Despite four years of falling prices and recent signs that they were finally bottoming
FedEx Raises Year's Outlook on Strong Asia Growth
In another sign of confidence in the global economy, FedEx Corp. on Monday raised its earnings outlook for the current quarter and full year.
Europe Stocks Anticipate Wall Street Rebound
European stock markets rose Monday as investors looked past a downgrade of Ireland's public debt and instead bet on a rebound on Wall Street
Toyota Subpoenaed on Steering Rod Defect
Toyota Motor Corp. said Tuesday it has been subpoenaed by a federal grand jury in New York to submit documents related to problems with rods
Google Pledged to Obey Law to Earn China Renewal
China renewed Google's Internet license after it pledged to obey censorship laws and stop automatically switching mainland users
China Should Boost Interest Rates Says ADB
China should boost interest rates or allow its currency to strengthen to help curb inflation pressures, the Asian Development Bank said Tuesday.
IBM Posts Higher Q2 Profits, Raises 2010 Guidance
IBM Corp. jacked up its 2010 guidance Monday on the technology company's belief that it can wring more profit from its workhorse
Stock Market Moves Up Despite Weak Housing Data
Stocks rose modestly Monday as investors bought selectively following the market's big slide last week. The Dow Jones
Delta Posts $467 Mil. Q2 Profits
Delta Air Lines reversed a second-quarter loss with what it says is its largest quarterly profit in a decade thanks to strong passenger revenue.
Nokia Siemens Buys Motorola Network
Nokia Siemens Networks says it will acquire the majority of Motorola's wireless operations in a $1.2 billion deal.
Halliburton Profits Jump 83%
Halliburton Co. says its second-quarter profit soared 83 percent as natural gas drilling activity picked up in the U.S.
Moody's Cuts Ireland Credit Rating
The Moody's agency cut Ireland's credit rating Monday, citing the country's swelling national debt, the unpredictable cost of its bank-bailout plans
PepsiCo Revenues Soar on Overseas Growth
Foreign currency fluctuations pushed down PepsiCo Inc.'s second-quarter net income 3 percent, even though revenue soared
Phillips Profits Jump 5-Fold on Strong TV Sales
Football fans buying new flat screen televisions to watch the World Cup helped Dutch electronics maker Royal Philips Electronics NV post
Recovery Continues at Slower Pace
Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and fewer cutting jobs
Investors Dump Stocks Despite Strong Profit Reports
Profit is so boring. That's one way to characterize investors' suddenly blase view of Corporate America's single most important figure. Earnings gushed last week like ...
Airbus, Boeing Kick Off Show with Big Orders
Boeing Co. predicts significant new plane orders for itself and European arch rival Airbus at the Farnborough International Airshow
China, Japan Cut U.S. Treasury Holdings in May
China reduced its holdings of U.S. Treasury debt in May as total foreign holdings of government debt posted a slight increase.
Jobs Has Imperfect Response for iPhone Glitch
A perfect iPhone? There's no app for that. Apple Inc. will give free protective cases to buyers of its latest iPhone to prevent reception
GE Profits Rise but Revenues Slip 4%
Cost cutting and an improved financial business helped General Electric Co. post its first increase in quarterly profit since 2007 on Friday
Stocks Rise in Europe As Asia Slips on U.S. Concerns
European stock markets rose Friday, helped by a late rally on Wall Street overnight, while the euro headed towards $1.30 for the first time
Obama Signs Long-Debated Financial Overhaul Bill
Reveling over a new milestone in his presidency, a triumphant Barack Obama on Wednesday signed into law the most sweeping overhaul of lending
Jobless Claims Jump by 37,000
Seasonal factors boosted new requests for unemployment benefits last week as the job market remains weak amid a slow economic recovery.
GM to Pay $3.5 Bil. for Finance Company
General Motors Co. will buy AmeriCredit Corp. for $3.5 billion, a deal that allows the automaker to expand loans to customers with poor credit
Nokia Earnings Fall 40% on Flat Sales
Nokia Corp. said Thursday that second-quarter net profit fell 40 percent to euro227 million ($290 million) as the world's largest mobile phone
World Stocks Up on Earnings, European Growth
World stock markets brushed aside a downbeat assessment of the U.S. outlook from Federal Reserve chairman Ben Bernanke
Foxconn Hikes Prices to Cover Wage Increases
Foxconn Technology Group, which makes iPhones and other gadgets for global technology companies, plans to charge them more to partly
Flipboard iPad App Makes Magazines from Links
Apple Inc.'s iPad has hatched a new breed of magazines, one filled with a constantly changing mix of articles, photos and videos
US Airways Posts Big Profit, AMR Cuts Loss
US Airways joined Delta and United in posting a big second-quarter profit. American Airlines missed the party.
Tiger Woods Endorsements Fall $22 Mil. in 2010
Tiger Woods' estimated endorsements for 2010 are worth $22 million less than last year, according to Sports Illustrated's annual analysis
Jobless Rate Rises in 75% of Urban Areas
The unemployment rate in about three-quarters of the nation's largest metro areas rose last month as nearly one million teenagers entered
Coca-Cola Net Income Surges on Global Thirst
Coca-Cola Co.'s second-quarter net income climbed 16 percent as the world's largest drink maker sold more soft drinks and juices
Morgan Stanley Reports Big Income Jump
Morgan Stanley says its second-quarter net income jumped to $1.58 billion, easily topping forecasts as its Smith Barney brokerage
Airbus Takes Lead As Farnborough Hits $25 Bil.
Plane makers notched up more orders on the third day of the Farnborough International Airshow on Wednesday — bringing the tally past $25 billion
World Markets Rise on Sweet Apple Earnings
Asian stock markets posted mild gains Wednesday after better-than-expected earnings from technology bellwether Apple nudged Wall Street higher.
BP Raises $7 Bil. with Asset Sale to Apache
BP PLC is moving quickly to secure the money it needs to pay for the spill in the Gulf of Mexico. Just weeks after promising ...
LightSquared to Offer 4G Wireless Network Across US
U.S. consumers and businesses may get more options in wireless service starting next year, with the launch of a new wireless broadband
Asia Stocks Rise, Europe Falls on Goldman Earnings
European stocks and Wall Street futures fell Tuesday after lower than expected earnings from U.S. investment bank Goldman Sachs
$21 Bil. in Plane Orders Signals Airline Recovery
Airbus says that Hong Kong Airlines intends to buy $5.7 billion of its widebody A350 and A330 planes.
Cable, Satellite TV Thrives on Robust Demand
Consumers are feeling more confident about spending on small luxuries such as premium cable services and pay-per-view, propelling the earnings
Hawaii Sugar Growers Spearhead U.S. Biofuel Push
The federal government has turned to a 130-year-old Hawaii sugar grower for help in powering the Navy and weaning the nation
German Export Growth Signals High-End Recovery
German exports grew by 3.8 percent on the month in June and reached their highest level since late 2008, official data showed Monday
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