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CarMax Posts Higher Profits on Strong Used-Car Sales

Used car dealership chain CarMax says its fiscal second-quarter net income rose 4.8 percent as an uncertain economy continued to boost sales

Asia Stocks Gain in Thin Holiday Trading

Asian stock markets posted modest gains in holiday-thinned trade Wednesday after the Federal Reserve expressed concern about the flailing

Twitter Hacker Causes Mischief with Feeds

A new way to cause mischief quickly spread through short-messaging service Twitter on Tuesday morning before the site could fix the problem

Stocks Tilt Back Up After Fed Speaks

Stocks and bonds rose Tuesday after the Federal Reserve said it was ready to provide more help to the economy if necessary.

MetroPCS Leads 4G Wireless Rollout in U.S.

MetroPCS Communications Inc., a regional cell phone company that mainly caters to low-income customers, on Tuesday became the first U.S. carrier

Cessna Blames Economy for Cutting 700 Jobs

Cessna Aircraft announced Tuesday it will cut another 700 jobs, saying it has not seen the growth and recovery that it expected this year.

August Jobless Rate Rose in Calif., 26 Other States

More than half of U.S. states saw their unemployment rates rise in August, the largest number in six months, as hiring weakened across the country.

ADB Raises Asia Growth Forecast to 8.2%

The Asian Development Bank raised its forecast for the region's economic growth this year, crediting a rapid recovery in exports even as it warned

Japan Business Confidence Rises for 6th Straight Quarter

Business confidence in Japan rose for the sixth straight quarter, but companies fear the improvement is temporary as cooling global growth

HP Reveals Rosy Outlook but Not Next CEO

Hewlett-Packard Co. offered a rosy financial outlook Tuesday without giving any guidance on the biggest issue hanging over the world's largest

Hulu Plus to Play on Roku, Tivo Set-Top Boxes

Hulu Plus, the $10-per-month online TV subscription service, will soon be available for users of Roku Inc. set-top boxes and Tivo Inc. subscribers

Recession Widens Rich- Poor Gap, Cuts Marriages

The recession seems to be socking Americans in the heart as well as the wallet: Marriages have hit an all-time low while pleas for food ...

Coca-Cola to Invest $1 Bil. in Philippines

Coca-Cola Co. said Tuesday it will spend $1 billion in the Philippines over the next five years to expand its presence in the fast-growing market

Toys R Us to Hire 45,000 Workers, Plans Stock Sale

Toys R Us will hire about 45,000 employees to help with the holiday season, doubling its U.S. work force.

LG Chem Adds Mitsubishi Motors As Battery Client

Mitsubishi Motors became the latest automaker to sign Korea's LG Chem as the battery supplier for its upcoming electric and hybrid vehicles

World Stocks Slip on Euro Debt Fears, Yen Action

World stock markets fell sharply Tuesday amid renewed worries over Europe's government debt crisis and a report that the Federal Reserve

China Studio Buys Stake in Hollywood Production Firm

The Hollywood production house behind hits including "Clash of the Titans" and "Inception" has sold a 3.3 percent stake to a Chinese studio

IBM to Pay $1.7 Bil. for Data Miner Netezza

IBM Corp. said Monday it has agreed to pay $1.7 billion for Netezza Corp., a company that helps businesses sort through data on corporate servers.

Blackberry Maker Unveils Small Tablet for Business

The company that gave us the BlackBerry — still the dominant phone in corporate circles — thinks its business customers will have room in their ...

Wal-Mart Bids $4.25 Bil. for S. Africa's Massmart

Wal-Mart-Stores Inc. says it has offered to buy South African retailer Massmart Holdings Ltd. for approximately $4.25 billion.

Nestle to Expand Herbal Medicine Business

Nestle plans to plow hundreds of millions of dollars into expanding its medical nutrition business over the next decade, hoping to capitalize

Asian Stocks Enjoy Bounce After Holidays

Asian stock markets kicked off a new week of trading in good spirits, encouraged by an improvement in U.S. economic indicators and higher metal prices.

Hyndai Recalls 2011 Sonatas for Steering Glitch

Hyundai Motor Co. said it is voluntarily recalling 139,500 Sonata sedans in the U.S. because of a manufacturing defect that could cause drivers

IRS Cuts Down Iffy Tax Break Disclosures for Big Corps.

The Internal Revenue Service is scaling back a new requirement that large corporations disclose on their tax returns whether they are taking

Growth in Durables Orders Sends Stocks Up

Stocks resumed a September rally Friday as traders were encouraged that orders for manufactured goods excluding the volatile transportation

Korea Wins Control of UK's Dana Petroleum

Korea National Oil Corp (KNOC) has won a controlling interest in UK's Dana Petroleum with about 65% of its shares either owned or accepted

Asia Has 3 of World's Most Expensive Shopping Streets

A survey of rents in the world’s top 269 shopping locations in 59 countries by Wakeman & Cushfield has found Hong Kong, Tokyo and Seoul

Eurozone Industrial Production Flat in July

Industrial production in the 16 countries that use the euro was flat in July from the previous month, official figures showed Tuesday

China Rejects U.S. Union Complaint over Clean Energy Support

China rejected a U.S. union's trade complaint over Beijing's support for clean energy industries and said Wednesday such criticism is hypocritical

Microsoft's Sleek IE 9 to Load Pages Faster

Microsoft Corp. is unveiling the "beta" test version of Internet Explorer 9 on Wednesday, the first of a new generation of Web browser programs

Mastercard Sees 20% Profit Rise on Overseas Use

MasterCard Inc. expects its net income to rise at least 20 percent this year, helped by a small boost from foreign exchange and a modest

Foreign Investment in China Grew Slower in August

Foreign investment in China weakened again in August after rebounding from a slowdown earlier this year, the government reported Wednesday.

Japanese Stocks Soar on Weaker Yen

Japanese stocks jumped Wednesday, outperforming other world markets, after the Bank of Japan intervened in the currency markets

Twitter Adds Pane for Videos, Photos

Twitter is turning its text-messaging website into a multimedia showcase by adding a new pane that will make it easier for its 160 million users

Japan Intervenes to Weaken Yen, First Time Since 2004

Japan's finance minister has confirmed that Japan intervened in the currency market to weaken the yen, which had spiked to 15-year highs

Wall Street Continues Rising on Positive Retail Data

World stock markets were mixed Tuesday despite another gain on Wall Street as the dollar retreated to a new 15-year low against the yen

Obama Set to Win $30 Bil. Small Business Fund Bill

President Barack Obama is poised to win a long-sought victory as Senate Democrats appear likely to win a key vote that would clear the way

Sony Update Plays 3-D Movies on Playstation

Sony's PlayStation 3 game console will work as a Blu-ray disc player for 3-D movies and music videos, not just 3-D games, with a software ...

Yuan Hits New High vs. Dollar Ahead of Hearing

China's currency advanced to a fresh high against the U.S. dollar for the third straight trading day Tuesday, as U.S. lawmakers prepared

Dollar Slides to New 15-Year Low Against Yen

The U.S. dollar fell to a new 15-year low against the yen in early Tokyo trade Tuesday as investors tried to avoid risky bets, while ...

Buffett, Ballmer See Thriving Economy Ahead

Some of the biggest names in business said Monday that they see a bright future for the economy, with famed investor Warren Buffett

Wal-Mart Debuts Branded Wireless Service

Wal-Mart Stores Inc. said Monday that it is introducing the first cell phone plan that uses the chain's own branding, further demonstrating

Intel Chief Says Content-Shifting Key for Chipmakers

The semiconductor industry hasn't fully cracked the challenge of making chips that help people move content seamlessly between their devices

New Hitachi CEO Pushes Gov't for Lower Yen

The new president of Hitachi Ltd. urged Japan's government to tackle the strong yen, which is squeezing business as he seeks to transform

Stimulus-Funded Batteries Polarize Economic Debate

The first wave of mass-produced advanced batteries funded by the Obama administration's economic recovery program is starting

YouTube Launches Live-Streaming Trial

YouTube is making its long expected foray into live streaming by launching an experimental trial with four new media partners.

Asian Stocks Rise on China Growth Data

Asian stock markets climbed Monday, encouraged by gains on Wall Street and Chinese economic indicators released over the weekend.

LG to Replace Electronics CEO with Group Chairman's Brother

South Korea's LG Electronics, the world's third-biggest maker of mobile phones, said its chief executive will be replaced by the brother

Strong European Debt Sales Lift Investor Mood

Solid bond auctions in Ireland, Spain and Greece helped to further shore up sentiment in the markets Tuesday while investors waited for the latest

Oil Slips to $74 Ahead of Key Fed Meeting

Oil prices slipped to near $74 a barrel Tuesday in Asia as traders looked to a key U.S. central bank meeting later in the day ...

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