World's Airlines Treble Profit Forecast
Global airlines have rebounded faster than expected from the recession after losing nearly $26 billion over 2008 and 2009, the industry association
Business
China Fines Toyota Finance Arm for Bribing Dealers
Authorities in eastern China say they have fined Japanese automaker Toyota Motor Corp.'s finance unit for giving bribes to car dealers
Asian Stocks Rise on Hope of More Fed Action
Asian stock markets advanced Tuesday as hopes for more action by the Federal Reserve to prop up the U.S. economy extended Wall Street's rally
Lotte Group Buys Control of Pepsi Philippines
Lotte Chilsung Beverage, a Lotte Group affiliate, has paid $101 million for a controlling 34.4% stake in Pepsi-Cola Products Philippines (PCPP), becoming its largest
GM to Court SAIC, Other Foreign Investors for IPO
Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North
GM to Test All-Electric Chevy Cruze in Korea
General Motors says it will launch a test fleet of electric cars in South Korea as it continues to develop battery-powered models of its Chevrolet ...
World Stocks Rise on Oracle, RIM Earnings
World stock markets mostly rose Friday as positive earnings news from technology companies such as Oracle and BlackBerry maker Research
Asia Stocks Rise on Hopes of More U.S. Stimulus
Asian stock markets climbed Wednesday, supported by growing speculation that the Federal Reserve is likely to introduce more stimulus
China Approves Local Branches for Taiwan Banks
China has given approval to four Taiwanese banks to set up branches on the mainland, a major step toward financial cooperation
Electric Carmaker BYD Takes Stake in Tibet Lithium Mine
Chinese battery and autos maker BYD Co. said Friday it has agreed to buy an 18 percent stake in a Tibetan-based lithium and boron miner
Playstation Move Gets Gamers Off Couch
Sony Corp. gets gamers off the couch with its new motion controller, the PlayStation Move.
Samsung Tablets to Be Sold by Top U.S. Wireless Carriers
Samsung says all four major U.S. wireless carriers will sell its iPad-like tablet computer in the coming months.
3-D Grabs Center Stage at Tokyo Game Show
The Tokyo Game Show has a lot of people wearing dark glasses this year, with the buzz turning 3-D at the annual event that brings ...
Improving Jobs Data Shrugged Off by Wall Street
A September rally driven by economic reports regularly beating modest expectations appears to be on hold Thursday even after a weekly report
U.S. Trade Deficit Surges on Strong Car, PC Demand
Americans' stronger appetites for imported goods, especially cars and computers, lifted the broadest measure of the U.S. trade deficit in the second
Global Markets Dip Ahead of U.S Jobs Report
World markets mostly fell Thursday ahead of another set of U.S. jobs data and news that British retail sales fell in August for the first ...
Banks Let Foreclosed Stay Amid Saturated Market
Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.
Retail Sales Grow More Than Expected
Retailers reported surprisingly solid sales gains for September, boosted by back-to-school shopping, much of it pushed into September by parents
China Signals Gradual Rise in Yuan Value
The head of China's central bank says he agrees that appreciation of his country's currency should accelerate but repeated Beijing's insistence
China Oil Co Signs Big Gas Deal with French Utility
Chinese offshore oil and gas company CNOOC agreed Saturday to buy 2.6 million tons of liquefied natural gas from French utility GDF Suez SA.
Wholesale Buying, Inventories Rise
Businesses have been restocking store shelves since the recession ended, a sign that they expect the economic recovery to continue.
95,000 Jobs Lost in Sept on Massive Gov't Layoffs
A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 ...
China Launches Quest for Domestic Potash Sources
China has launched a search for domestic sources of potash to ensure stable supplies of the mineral used in fertilizer, a state news agency said ...
Honda Fit Hybrid Goes on Sale in Japan
Honda's new hybrid Fit subcompact went on sale in Japan on Friday as the automaker expands its green car lineup that already includes the Insight
PayPal iPhone App Allows Check Deposits
Betting you wouldn't trek to your bank or the closest ATM if you didn't have to, PayPal has added a feature to its free iPhone ...
Japan Approves New $61 Bil. Stimulus Package
The Japanese Cabinet has approved 5.05 trillion yen ($61 billion) in new measures to stimulate the country's economy.
Consumers Cut Credit Card Use for 24th Month
Consumer borrowing fell again in August as consumers cut back on credit card use for the 24th consecutive month, the Federal Reserve said Thursday.
Google Tests Self-Driving Cars on Calif. Roads
Google Inc. is road-testing cars that steer, stop and start without a human driver, the company says.
PepsiCo Revenues Soar on Overseas Growth
PepsiCo's third-quarter net income rose 12 percent on strong sales gains abroad and strength in its drinks and Frito-Lay snacks.
World Markets Flat, Dollar Slides Awaiting Fed Move
World stock markets were steady Thursday ahead of European interest rate decisions and the start of the U.S. corporate earnings reporting season
Toyota Steps Up Efforts to Win Back Customers
Aiming to win back customer trust after its string of recalls, Toyota Motor Corp. is offering American buyers of new Toyota- and Scion-brand vehicles
Japan Forex Reserves Hit New High After Failed Intervention
Japan's foreign exchange reserves hit an all-time high in September after the central bank intervened in currency markets for the first time
Samsung Expects Earnings to Fall Below Record
Samsung Electronics, the world's biggest seller of computer memory chips, forecast Thursday that third-quarter operating profit likely eased
Verizon Wireless to Roll Out 4G in 38 Cities
Verizon Wireless said Wednesday that its new wireless broadband network, which offers higher data speeds initially for laptop users
Cisco to Sell HD Home Video-Conferencing Box
Cisco Systems Inc., seeking to become a bigger name in consumer electronics, said Wednesday that it's going to start selling a $599 box
GE Taps Natural Gas Boom with Dresser Deal
General Electric Co. is expanding its energy business by tapping into the growing reliance of utilities and factories on natural gas.
Midnight Grocery Runs a Sign of Hard Times
Once a month, just after midnight, the beeping checkout scanners at a Walmart just off Interstate 95 come alive in a chorus of financial desperation.
Fed Rate Setter Dampens Market Hopes
World markets fell Tuesday after a leading U.S. rate-setter dampened expectations that the Federal Reserve is preparing a massive monetary stimulus
Burberry to Expand Stores 25% on Strong Profits
Luxury goods company Burberry Group says sales rose by 17 percent in the first half of its financial year, and it expects a full-year profit ...
China Sept. Trade Surplus Shrinks to $16.9 Bil.
China's September trade surplus stayed high at $16.9 billion amid pressure from Washington and others to ease currency controls they blame
Strong Intel Sales, Profits Augur Well for PC Sales
Intel Corp. offered an encouraging sign Tuesday for what the computer industry might expect from the all-important holiday shopping season.
Weak Dollar Brings Pros, Cons for Consumers
The way investors have unloaded the U.S. dollar lately, you'd think it was kryptonite. It has fallen 10 percent against the euro in just three ...
Fed Leans toward 2-Step Stimulus
The Federal Reserve is leaning toward taking two steps to boost the economy: Buying more Treasury bonds to drive down loan rates, and signaling
Apple Shares Touch New Record on iPad Hopes
Apple Inc.'s stock flirted with $300 Tuesday as investors high on the iPad's promise pushed shares to a record peak. Analysts see few reasons
Google to Build Off-Shore Wind Farms
Google will invest heavily in a network of deepwater transmission lines to bring power from offshore wind farms, yet to be built, to states along ...
China Raises Big Bank Reserve Ratio for 2 Months
China has raised reserve requirements for the six biggest commercial banks by 50 basis points on a temporary basis to cut the money supply
Pfizer to Buy King Pharmaceutical
Pfizer Inc., the world's largest pharmaceutical company by revenue, said Tuesday it will buy pain drug maker King Pharmaceuticals Inc. for $3.6 billion in cash.
Apple Readies iPhone for CDMA Markets
A new report says Apple is getting ready to manufacture a new iPhone that works on cellular networks based on CDMA technology
France Begins Mass Strikes Over Pension Reforms
Workers tried to shut down France on Tuesday with strikes affecting airports, public transportation, schools and the postal service in a showdown
Icahn Tries to Fold MGM into Lions Gate
Lions Gate is offering to combine its business with MGM in a deal supported by billionaire investor Carl Icahn, who owns stakes in both studios.
World's Airlines Treble Profit Forecast
Global airlines have rebounded faster than expected from the recession after losing nearly $26 billion over 2008 and 2009, the industry association
China Fines Toyota Finance Arm for Bribing Dealers
Authorities in eastern China say they have fined Japanese automaker Toyota Motor Corp.'s finance unit for giving bribes to car dealers
Asian Stocks Rise on Hope of More Fed Action
Asian stock markets advanced Tuesday as hopes for more action by the Federal Reserve to prop up the U.S. economy extended Wall Street's rally
Lotte Group Buys Control of Pepsi Philippines
Lotte Chilsung Beverage, a Lotte Group affiliate, has paid $101 million for a controlling 34.4% stake in Pepsi-Cola Products Philippines (PCPP), becoming its largest
GM to Court SAIC, Other Foreign Investors for IPO
Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North
GM to Test All-Electric Chevy Cruze in Korea
General Motors says it will launch a test fleet of electric cars in South Korea as it continues to develop battery-powered models of its Chevrolet ...
World Stocks Rise on Oracle, RIM Earnings
World stock markets mostly rose Friday as positive earnings news from technology companies such as Oracle and BlackBerry maker Research
Asia Stocks Rise on Hopes of More U.S. Stimulus
Asian stock markets climbed Wednesday, supported by growing speculation that the Federal Reserve is likely to introduce more stimulus
China Approves Local Branches for Taiwan Banks
China has given approval to four Taiwanese banks to set up branches on the mainland, a major step toward financial cooperation
Electric Carmaker BYD Takes Stake in Tibet Lithium Mine
Chinese battery and autos maker BYD Co. said Friday it has agreed to buy an 18 percent stake in a Tibetan-based lithium and boron miner
Playstation Move Gets Gamers Off Couch
Sony Corp. gets gamers off the couch with its new motion controller, the PlayStation Move.
Samsung Tablets to Be Sold by Top U.S. Wireless Carriers
Samsung says all four major U.S. wireless carriers will sell its iPad-like tablet computer in the coming months.
3-D Grabs Center Stage at Tokyo Game Show
The Tokyo Game Show has a lot of people wearing dark glasses this year, with the buzz turning 3-D at the annual event that brings ...
Improving Jobs Data Shrugged Off by Wall Street
A September rally driven by economic reports regularly beating modest expectations appears to be on hold Thursday even after a weekly report
U.S. Trade Deficit Surges on Strong Car, PC Demand
Americans' stronger appetites for imported goods, especially cars and computers, lifted the broadest measure of the U.S. trade deficit in the second
Global Markets Dip Ahead of U.S Jobs Report
World markets mostly fell Thursday ahead of another set of U.S. jobs data and news that British retail sales fell in August for the first ...
Banks Let Foreclosed Stay Amid Saturated Market
Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.
Retail Sales Grow More Than Expected
Retailers reported surprisingly solid sales gains for September, boosted by back-to-school shopping, much of it pushed into September by parents
China Signals Gradual Rise in Yuan Value
The head of China's central bank says he agrees that appreciation of his country's currency should accelerate but repeated Beijing's insistence
China Oil Co Signs Big Gas Deal with French Utility
Chinese offshore oil and gas company CNOOC agreed Saturday to buy 2.6 million tons of liquefied natural gas from French utility GDF Suez SA.
Wholesale Buying, Inventories Rise
Businesses have been restocking store shelves since the recession ended, a sign that they expect the economic recovery to continue.
95,000 Jobs Lost in Sept on Massive Gov't Layoffs
A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 ...
China Launches Quest for Domestic Potash Sources
China has launched a search for domestic sources of potash to ensure stable supplies of the mineral used in fertilizer, a state news agency said ...
Honda Fit Hybrid Goes on Sale in Japan
Honda's new hybrid Fit subcompact went on sale in Japan on Friday as the automaker expands its green car lineup that already includes the Insight
PayPal iPhone App Allows Check Deposits
Betting you wouldn't trek to your bank or the closest ATM if you didn't have to, PayPal has added a feature to its free iPhone ...
Japan Approves New $61 Bil. Stimulus Package
The Japanese Cabinet has approved 5.05 trillion yen ($61 billion) in new measures to stimulate the country's economy.
Consumers Cut Credit Card Use for 24th Month
Consumer borrowing fell again in August as consumers cut back on credit card use for the 24th consecutive month, the Federal Reserve said Thursday.
Google Tests Self-Driving Cars on Calif. Roads
Google Inc. is road-testing cars that steer, stop and start without a human driver, the company says.
PepsiCo Revenues Soar on Overseas Growth
PepsiCo's third-quarter net income rose 12 percent on strong sales gains abroad and strength in its drinks and Frito-Lay snacks.
World Markets Flat, Dollar Slides Awaiting Fed Move
World stock markets were steady Thursday ahead of European interest rate decisions and the start of the U.S. corporate earnings reporting season
Toyota Steps Up Efforts to Win Back Customers
Aiming to win back customer trust after its string of recalls, Toyota Motor Corp. is offering American buyers of new Toyota- and Scion-brand vehicles
Japan Forex Reserves Hit New High After Failed Intervention
Japan's foreign exchange reserves hit an all-time high in September after the central bank intervened in currency markets for the first time
Samsung Expects Earnings to Fall Below Record
Samsung Electronics, the world's biggest seller of computer memory chips, forecast Thursday that third-quarter operating profit likely eased
Verizon Wireless to Roll Out 4G in 38 Cities
Verizon Wireless said Wednesday that its new wireless broadband network, which offers higher data speeds initially for laptop users
Cisco to Sell HD Home Video-Conferencing Box
Cisco Systems Inc., seeking to become a bigger name in consumer electronics, said Wednesday that it's going to start selling a $599 box
GE Taps Natural Gas Boom with Dresser Deal
General Electric Co. is expanding its energy business by tapping into the growing reliance of utilities and factories on natural gas.
Midnight Grocery Runs a Sign of Hard Times
Once a month, just after midnight, the beeping checkout scanners at a Walmart just off Interstate 95 come alive in a chorus of financial desperation.
Fed Rate Setter Dampens Market Hopes
World markets fell Tuesday after a leading U.S. rate-setter dampened expectations that the Federal Reserve is preparing a massive monetary stimulus
Burberry to Expand Stores 25% on Strong Profits
Luxury goods company Burberry Group says sales rose by 17 percent in the first half of its financial year, and it expects a full-year profit ...
China Sept. Trade Surplus Shrinks to $16.9 Bil.
China's September trade surplus stayed high at $16.9 billion amid pressure from Washington and others to ease currency controls they blame
Strong Intel Sales, Profits Augur Well for PC Sales
Intel Corp. offered an encouraging sign Tuesday for what the computer industry might expect from the all-important holiday shopping season.
Weak Dollar Brings Pros, Cons for Consumers
The way investors have unloaded the U.S. dollar lately, you'd think it was kryptonite. It has fallen 10 percent against the euro in just three ...
Fed Leans toward 2-Step Stimulus
The Federal Reserve is leaning toward taking two steps to boost the economy: Buying more Treasury bonds to drive down loan rates, and signaling
Apple Shares Touch New Record on iPad Hopes
Apple Inc.'s stock flirted with $300 Tuesday as investors high on the iPad's promise pushed shares to a record peak. Analysts see few reasons
Google to Build Off-Shore Wind Farms
Google will invest heavily in a network of deepwater transmission lines to bring power from offshore wind farms, yet to be built, to states along ...
China Raises Big Bank Reserve Ratio for 2 Months
China has raised reserve requirements for the six biggest commercial banks by 50 basis points on a temporary basis to cut the money supply
Pfizer to Buy King Pharmaceutical
Pfizer Inc., the world's largest pharmaceutical company by revenue, said Tuesday it will buy pain drug maker King Pharmaceuticals Inc. for $3.6 billion in cash.
Apple Readies iPhone for CDMA Markets
A new report says Apple is getting ready to manufacture a new iPhone that works on cellular networks based on CDMA technology
France Begins Mass Strikes Over Pension Reforms
Workers tried to shut down France on Tuesday with strikes affecting airports, public transportation, schools and the postal service in a showdown
Icahn Tries to Fold MGM into Lions Gate
Lions Gate is offering to combine its business with MGM in a deal supported by billionaire investor Carl Icahn, who owns stakes in both studios.
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