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
Business
Asian Stocks Mixed on U.S. Jobs, High Yen
Asian stock markets were mixed Monday after a poor U.S. jobs report added to evidence the economic recovery is weakening.
Ousted HP CEO Settles with Sex Harassment Accuser
Ousted Hewlett-Packard Co. CEO Mark Hurd has settled allegations of sexual harassment lodged against him by a female contract worker
Germany Warns of Apple iPhone Security Problems
The German government has warned of serious security flaws in Apple's iPhone, iPad and iPod Touch. The warning may have been prompted
Transocean, Anadarko Surge on BP Plug Success
With BP at a turning point in the Gulf oil spill, other companies with a role in the crisis are seeing their fortunes improve
Washington Post Profits Surge on Education Growth
The Washington Post Co. is reporting a surge in second-quarter earnings, helped by a big jump in profits at its education division and lower expenses.
U.S. Corn Exports to Boom As China Eats More Meat
China could be about to increase its corn imports, offering American farmers a chance for greater profits but making it likely U.S. meat
Hiring Slows Leaving Jobless Rate Unchanged
Companies showed a lack of confidence about hiring for a third straight month in July, making it likely the economy will grow more slowly
Chrysler Posts First Operating Profit Since 2007
A year after emerging from bankruptcy protection, Chrysler Group LLC said Monday that growing car and truck sales helped it narrow
Retailers Report Mostly Modest Gains in July
Deep discounts on summer leftovers and hot weather drove shoppers into malls in July, but they remained choosy, resulting in only modest gains.
New Jobless Claims Rise to 479,000
Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies
Euro Continues Rising on Greek Progress
The euro gained ground against the dollar on Thursday as European and International Monetary Fund inspectors said Greece has made considerable
Unilever Predicts Tough Times, Reports Q2 Growth
Unilever NV on Thursday reported a 39 percent rise in second quarter net profit, but the maker of Lipton tea, Dove soap and Ben & ...
Rio Tinto Profits Treble on China Iron Ore Demand
Mining giant Rio Tinto said first-half profit more than tripled amid strong iron ore demand from China and higher commodity prices
Toyota Prius Tops Japan Sales for 15th Straight Month
Toyota's Prius topped Japan sales rankings in July for the 15th straight month, getting a perk from incentives for green cars and helping Japanese
Private Sector Hiring, Service Growth Boost Stocks
Stocks climbed Wednesday after key reports on private sector hiring and the services industry provided reassurances that the economy
Time Warner Profits Rise on Ad Rebound, Box Office
A rebound in advertising markets and strong box office results helped lift Time Warner Inc.'s second quarter profit 7 percent, the media conglomerate
World Stocks Fall on Anxiety Over Growth Prospects
World markets dropped Wednesday despite a late rally on Wall Street as investors gave a lukewarm reception to the Federal Reserve's latest batch
GM Posts $1.33 Bil. Profit for Q2, CEO Steps Down
General Motors Co. said Thursday it made $1.33 billion in the second quarter, a sign it's getting healthier as it prepares to sell stock to ...
Jobless Claims at Highest Level Since February
The economy is looking bleaker as new applications for jobless benefits rose last week to the highest level in almost six months.
Xinhua, China Mobile Launch Search Joint Venture
The state-run Xinhua News Agency said Thursday it will launch a search venture, giving Google a new, well-financed rival following
Europe Cuts Dream Projects to Reduce Budget Deficits
A rebuilt Prussian palace in Berlin. High-speed rail from Lisbon to Kiev. A new visitor center for Britain's Stonehenge. They're just some of the big-ticket
S. Korea Leaves Interest Rate at 2.25%
South Korea's central bank left its key interest rate unchanged Thursday as the outlook for the global economy dims — a month after raising
Macy's Q2 Profits Surge on Growing Market Share
Macy's Inc.'s net income surged in the second quarter as the department store chain saw a payoff from its focus on exclusive moderate-price
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
ING Q2 Earnings Jump on Healthy Lending Growth
ING Groep NV, the Dutch bank and insurance company, Wednesday reported a sharp rise in second quarter earnings, mostly because it avoided some
Nestle Profits Rise 7.5% on Robust Sales Growth
Swiss food and drinks company Nestle SA reported Wednesday a 7.5 percent rise in half-year net profit to 5.45 billion Swiss francs ($5 billion)
AOL Posts $1 Bil. Loss of Writedowns, Lower Sales
Internet company AOL Inc. said Wednesday a $1.4 billion accounting charge pushed the company to a $1 billion-plus net loss in the second quarter.
Chipmaker Shares Suffer from Fears of PC Slowdown
Shares of chipmakers Intel Corp., Advanced Micro Devices Inc. and Nvidia Corp. dropped Tuesday as analysts said demand for computers looks
Netflix to Pay $1 Bil. to Stream Paramount, MGM Films
Netflix Inc. will pay nearly $1 billion during the next five years for the online streaming rights to movies from Paramount, Lionsgate and MGM
Google to Debut Street View in Germany Despite Attacks
Google will introduce its "Street View" mapping feature for 20 of Germany's largest cities before the end of the year, the company announced
China Exports Surge 38.1%, Imports Up 22.9%
China's exports grew strongly in July but import growth fell as its rapid economic expansion cooled, possibly hurting global demand.
Verizon, Google Outline Broadband Rules for ISPs
Phone and cable TV companies that provide Internet access should be barred from slowing down, blocking or charging to prioritize Internet traffic
Honda Recalls 400,000 Cars for Ignition Switch Glitch
Honda Motor Co. is recalling the popular Accord and Civic passenger cars to address problems with an ignition switch that could allow the key
China Consumer Confidence Rebounds in July
The Chinese spent more in July as inflationary pressures eased on falling food prices, according to the Bankcard Consumer Confidence Index (BCCI)
World Stocks Slip on Fears China's Growth Slowing
World markets fell Tuesday amid signs China's economy is losing steam and ahead of a Federal Reserve meeting that will be watched closely
China Okays Geely's Volvo Purchase Without Conditions
Geely Holding Group has received final Chinese government approval to acquire Volvo Cars from Ford Motor Co., the Commerce
Recovery Slowed in Q2
The recovery lost momentum in the second quarter as growth slowed to a 2.4 percent pace, its most sluggish showing
Revised Data Show Recession Was Underestimated
The recession was deeper than the government previously thought. The Commerce Department, in revisions issued Friday
Disney Sells Miramax to Hollywood Newcomers
The Walt Disney Co. said Friday that it agreed to sell its Miramax Films to an investor group for about $660 million, ending a 17-year ...
Honda Profits Mushroom 32-Fold to New Record
Honda's quarterly profit ballooned to a record $3.2 billion while Mazda reduced its losses, rounding out a tale of recovery among Japanese automakers.
Kia Posts 61% Profit Surge on Strong Sales Growth
Kia Motors announced Friday that net profit rose 61 percent in the second quarter amid an increase in sales.
Samsung Posts 83% Profit Jump on Chip, LCD Sales
Samsung Electronics Co.'s net profit surged 83 percent in the second quarter to a record high amid increased sales and strength
Google Sounded False Alarm About China Blockage
Google Inc. triggered a false alarm Thursday by posting a notice that its search engine and several other services had been cut off from mainland ...
VW Profits Surge to $1.6 Bil. on China Demand
Sales at Volkswagen AG motored ahead in the second quarter, thanks in part to strong demand from China and helping to push earnings sharply
Toyota Recalls 412,000 Cars for Steering Parts Cracks
Toyota is recalling 412,000 passenger cars, mostly the Avalon model, in the U.S. for steering problems in which three accidents have been reported
Chrysler to Add 900 Jobs for Midsize Car Plant
Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit. Its decision is a show of optimism
Nissan Returns to Profit on Global Rebound
Nissan Motor Co. veered back into the black in its latest quarter as global car sales rebounded while its smaller rival Mitsubishi Motors Corp.
Sony Returns to Profit on Playstation 3, PC Sales
Sony bounced back to profit last quarter and raised its full-year earnings forecast, fueled by stronger demand for its PlayStation 3 gaming consoles
Panasonic Returns to Profit, Buys Out Sanyo
Panasonic is planning to take 100 percent ownership of its subsidiaries Sanyo Electric and Panasonic Electric Works
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
Asian Stocks Mixed on U.S. Jobs, High Yen
Asian stock markets were mixed Monday after a poor U.S. jobs report added to evidence the economic recovery is weakening.
Ousted HP CEO Settles with Sex Harassment Accuser
Ousted Hewlett-Packard Co. CEO Mark Hurd has settled allegations of sexual harassment lodged against him by a female contract worker
Germany Warns of Apple iPhone Security Problems
The German government has warned of serious security flaws in Apple's iPhone, iPad and iPod Touch. The warning may have been prompted
Transocean, Anadarko Surge on BP Plug Success
With BP at a turning point in the Gulf oil spill, other companies with a role in the crisis are seeing their fortunes improve
Washington Post Profits Surge on Education Growth
The Washington Post Co. is reporting a surge in second-quarter earnings, helped by a big jump in profits at its education division and lower expenses.
U.S. Corn Exports to Boom As China Eats More Meat
China could be about to increase its corn imports, offering American farmers a chance for greater profits but making it likely U.S. meat
Hiring Slows Leaving Jobless Rate Unchanged
Companies showed a lack of confidence about hiring for a third straight month in July, making it likely the economy will grow more slowly
Chrysler Posts First Operating Profit Since 2007
A year after emerging from bankruptcy protection, Chrysler Group LLC said Monday that growing car and truck sales helped it narrow
Retailers Report Mostly Modest Gains in July
Deep discounts on summer leftovers and hot weather drove shoppers into malls in July, but they remained choosy, resulting in only modest gains.
New Jobless Claims Rise to 479,000
Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies
Euro Continues Rising on Greek Progress
The euro gained ground against the dollar on Thursday as European and International Monetary Fund inspectors said Greece has made considerable
Unilever Predicts Tough Times, Reports Q2 Growth
Unilever NV on Thursday reported a 39 percent rise in second quarter net profit, but the maker of Lipton tea, Dove soap and Ben & ...
Rio Tinto Profits Treble on China Iron Ore Demand
Mining giant Rio Tinto said first-half profit more than tripled amid strong iron ore demand from China and higher commodity prices
Toyota Prius Tops Japan Sales for 15th Straight Month
Toyota's Prius topped Japan sales rankings in July for the 15th straight month, getting a perk from incentives for green cars and helping Japanese
Private Sector Hiring, Service Growth Boost Stocks
Stocks climbed Wednesday after key reports on private sector hiring and the services industry provided reassurances that the economy
Time Warner Profits Rise on Ad Rebound, Box Office
A rebound in advertising markets and strong box office results helped lift Time Warner Inc.'s second quarter profit 7 percent, the media conglomerate
World Stocks Fall on Anxiety Over Growth Prospects
World markets dropped Wednesday despite a late rally on Wall Street as investors gave a lukewarm reception to the Federal Reserve's latest batch
GM Posts $1.33 Bil. Profit for Q2, CEO Steps Down
General Motors Co. said Thursday it made $1.33 billion in the second quarter, a sign it's getting healthier as it prepares to sell stock to ...
Jobless Claims at Highest Level Since February
The economy is looking bleaker as new applications for jobless benefits rose last week to the highest level in almost six months.
Xinhua, China Mobile Launch Search Joint Venture
The state-run Xinhua News Agency said Thursday it will launch a search venture, giving Google a new, well-financed rival following
Europe Cuts Dream Projects to Reduce Budget Deficits
A rebuilt Prussian palace in Berlin. High-speed rail from Lisbon to Kiev. A new visitor center for Britain's Stonehenge. They're just some of the big-ticket
S. Korea Leaves Interest Rate at 2.25%
South Korea's central bank left its key interest rate unchanged Thursday as the outlook for the global economy dims — a month after raising
Macy's Q2 Profits Surge on Growing Market Share
Macy's Inc.'s net income surged in the second quarter as the department store chain saw a payoff from its focus on exclusive moderate-price
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
ING Q2 Earnings Jump on Healthy Lending Growth
ING Groep NV, the Dutch bank and insurance company, Wednesday reported a sharp rise in second quarter earnings, mostly because it avoided some
Nestle Profits Rise 7.5% on Robust Sales Growth
Swiss food and drinks company Nestle SA reported Wednesday a 7.5 percent rise in half-year net profit to 5.45 billion Swiss francs ($5 billion)
AOL Posts $1 Bil. Loss of Writedowns, Lower Sales
Internet company AOL Inc. said Wednesday a $1.4 billion accounting charge pushed the company to a $1 billion-plus net loss in the second quarter.
Chipmaker Shares Suffer from Fears of PC Slowdown
Shares of chipmakers Intel Corp., Advanced Micro Devices Inc. and Nvidia Corp. dropped Tuesday as analysts said demand for computers looks
Netflix to Pay $1 Bil. to Stream Paramount, MGM Films
Netflix Inc. will pay nearly $1 billion during the next five years for the online streaming rights to movies from Paramount, Lionsgate and MGM
Google to Debut Street View in Germany Despite Attacks
Google will introduce its "Street View" mapping feature for 20 of Germany's largest cities before the end of the year, the company announced
China Exports Surge 38.1%, Imports Up 22.9%
China's exports grew strongly in July but import growth fell as its rapid economic expansion cooled, possibly hurting global demand.
Verizon, Google Outline Broadband Rules for ISPs
Phone and cable TV companies that provide Internet access should be barred from slowing down, blocking or charging to prioritize Internet traffic
Honda Recalls 400,000 Cars for Ignition Switch Glitch
Honda Motor Co. is recalling the popular Accord and Civic passenger cars to address problems with an ignition switch that could allow the key
China Consumer Confidence Rebounds in July
The Chinese spent more in July as inflationary pressures eased on falling food prices, according to the Bankcard Consumer Confidence Index (BCCI)
World Stocks Slip on Fears China's Growth Slowing
World markets fell Tuesday amid signs China's economy is losing steam and ahead of a Federal Reserve meeting that will be watched closely
China Okays Geely's Volvo Purchase Without Conditions
Geely Holding Group has received final Chinese government approval to acquire Volvo Cars from Ford Motor Co., the Commerce
Recovery Slowed in Q2
The recovery lost momentum in the second quarter as growth slowed to a 2.4 percent pace, its most sluggish showing
Revised Data Show Recession Was Underestimated
The recession was deeper than the government previously thought. The Commerce Department, in revisions issued Friday
Disney Sells Miramax to Hollywood Newcomers
The Walt Disney Co. said Friday that it agreed to sell its Miramax Films to an investor group for about $660 million, ending a 17-year ...
Honda Profits Mushroom 32-Fold to New Record
Honda's quarterly profit ballooned to a record $3.2 billion while Mazda reduced its losses, rounding out a tale of recovery among Japanese automakers.
Kia Posts 61% Profit Surge on Strong Sales Growth
Kia Motors announced Friday that net profit rose 61 percent in the second quarter amid an increase in sales.
Samsung Posts 83% Profit Jump on Chip, LCD Sales
Samsung Electronics Co.'s net profit surged 83 percent in the second quarter to a record high amid increased sales and strength
Google Sounded False Alarm About China Blockage
Google Inc. triggered a false alarm Thursday by posting a notice that its search engine and several other services had been cut off from mainland ...
VW Profits Surge to $1.6 Bil. on China Demand
Sales at Volkswagen AG motored ahead in the second quarter, thanks in part to strong demand from China and helping to push earnings sharply
Toyota Recalls 412,000 Cars for Steering Parts Cracks
Toyota is recalling 412,000 passenger cars, mostly the Avalon model, in the U.S. for steering problems in which three accidents have been reported
Chrysler to Add 900 Jobs for Midsize Car Plant
Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit. Its decision is a show of optimism
Nissan Returns to Profit on Global Rebound
Nissan Motor Co. veered back into the black in its latest quarter as global car sales rebounded while its smaller rival Mitsubishi Motors Corp.
Sony Returns to Profit on Playstation 3, PC Sales
Sony bounced back to profit last quarter and raised its full-year earnings forecast, fueled by stronger demand for its PlayStation 3 gaming consoles
Panasonic Returns to Profit, Buys Out Sanyo
Panasonic is planning to take 100 percent ownership of its subsidiaries Sanyo Electric and Panasonic Electric Works
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