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 ...
Business
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
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
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
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
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
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
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.
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 ...
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
Playstation Move Gets Gamers Off Couch
Sony Corp. gets gamers off the couch with its new motion controller, the PlayStation Move.
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
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
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
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
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.
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.
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 ...
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
Cheap, Hi-Tech Toys Top Christmas List
This year's hot holiday toys are high-tech - and low-price. From tiny remote-control cars from Mattel to nearly paper-thin electronic guitars
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
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
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
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
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
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
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
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
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
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.
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 ...
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
Playstation Move Gets Gamers Off Couch
Sony Corp. gets gamers off the couch with its new motion controller, the PlayStation Move.
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
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
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
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
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.
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.
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 ...
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
Cheap, Hi-Tech Toys Top Christmas List
This year's hot holiday toys are high-tech - and low-price. From tiny remote-control cars from Mattel to nearly paper-thin electronic guitars
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
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
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
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