Exelon Buys Deere Wind Farm As Energy Industry Consolidates
Energy company Exelon Corp. said Tuesday it will pay $900 million for the wind energy assets of manufacturer Deere & Co., potentially signaling
Business
JPMorgan to Shut Down Proprietary Trading
JPMorgan Chase & Co. is shutting down its proprietary trading desks and eliminating around 80 jobs to comply with new restrictions on investment banks
Microsoft, Alibaba Test New China Search Engine
Microsoft Corp. and Alibaba Group, China's biggest e-commerce site, are testing a search service, adding a new competitor to a crowded Chinese
Carbuyers Likely to See Fewer Deals This August
For years, Americans shopping for cars were treated to all sorts of deals and incentives, especially at the end of summer. Think Cash for Clunkers
Eurozone Inflation Eases to 1.6%
Inflation in the 16 countries that use the euro fell in August, official figures showed Tuesday, reinforcing market expectations that the European
New U.S. Import Duties Likely on Chinese Aluminum
Analysts say the Obama administration, under congressional pressure to take a tough stance on Chinese trade policies, is expected to declare
Nikkei Leads Asian Stocks Down
Asian markets lost ground Tuesday as a strong yen pummeled Japanese shares and after Wall Street fell amid pessimism about the U.S. economy.
Japan Factory Output Rose 0.3% in July
Japan's factory output unexpectedly rose in July for the first time in two months as companies bolstered production of machinery, chemicals
Consumer Spending Rose 0.4% in July
Americans spent last month at the fastest pace in four months, helped by a jump in demand for automobiles.
Intel Buys Infineon's Wireless Unit for $1.4 Bil.
Intel Corp. is buying the wireless communications unit of Germany's Infineon Technologies AG for $1.4 billion in cash, the second deal
China Seeks Global Talent for Top Posts in State Firms
China announced plans to fill 20 top posts at some of its largest state-owned enterprises (SOEs), according to a notice on its State-owned Assets
China Leads World in Top Global Selling Products
China led the world in global top-selling products with 1,210 items in 2008, according to a Korea International Trade Association analysis
GM Sends Treasury $11.7 Bil. from IPO
The Treasury Department says it has received $11.7 billion from the sale of 358.5 million shares of General Motors stock.
Asia Passes Europe in Number of Millionaires
Asia and the Pacific have passed Europe in the number of people worth more than $1 million excluding their homes.
Japan Carmakers Suffer Market Share Loss
Japan's carmakers face challenges despite a faster-than-expected recovery of production capacity.
Pororo Cartoon May Be Hit by U.S. Anti-N. Korea Ban
Pororo the Little Penguin may run afoul of U.S. sanctions against North Korea...
Foreign Banks Expect China Revenues to Surge
The 127 foreign banks operating in China have a miniscule market share but see big growth opportunities ahead.
Jeffrey Ng's Cortexica Models Human Visual Perception
Jeffrey Ng's Cortexica has developed software that models how human vision identifies objects.
Consumers Less Stressed Over Debt
Debt isn't stressing people as much as it had been, but consumers remain gun-shy about embarking on a big holiday spending spree.
Tiffany Income Jumps on Robust Overseas Growth
Tiffany & Co. says strong sales of its jewelry both in the U.S. and overseas helped third-quarter net income rise 27 percent.
German Business Confidence Highest in 20 Years
German business confidence has unexpectedly risen to its highest level since reunification during November as Europe's largest economy continues
Euro Slides on Mounting Debt Fears
The euro slid to a two-month low Wednesday amid mounting worries that Europe's debt crisis was spiraling out of control and heading for Portugal
SAP Hit with $1.3 Bil. Verdict in Oracle Suit
A federal jury on Tuesday ordered SAP AG to pay $1.3 billion to its archenemy, Oracle Corp., for stealing customer-support documents and software
China Inflation Expected to Subside in 2nd Half
China's inflation rate will fall in the second half of the year thanks to higher pork and grain production, said a domestic economist Saturday.
World Stocks Fall on Debt Fears, Korean Flareup
World markets and the euro slid Tuesday as investors worried that Ireland's debt crisis will spread to other fiscally weak European nations and following
HP's Fortunes Seen As Bellwether of Tech Sector
Hewlett-Packard Co.'s results showed Monday how lopsided the recovery in technology spending has been. HP's results are a barometer
Economy Grew Faster in Summer Than Thought
The economy probably grew slightly faster last summer than first thought, benefiting from stronger overseas sales of U.S. goods.
Qantas Returns Two Superjumbos to Service
Qantas said Tuesday it will resume flying some of its A380 superjumbos this weekend, ending a self-imposed flight ban after a massive in-flight engine
Verizon Ups Top Download Speed to 150 MPS
Verizon Communications Inc. is zooming past cable-company competitors by tripling the top download speed of its FiOS Internet service to 150
Business Survey Sees 2.7% Growth for 2011
The pace of the U.S. economic recovery will remain steady but slow in the face of persistently high unemployment and heavy debt burdens
Engines Just Latest Setback for Airbus Superjumbo
Many wondered whether the world's largest passenger plane would ever be born. Skeptics called the 7-story-tall Airbus A380 too big and ambitious
L.A. Seeks to Revive Sales at Coroner's Gift Shop
The morgue is about the last place you would think of to go shopping, so it's perhaps unsurprising that sales at Los Angeles County's coroner ...
Cellphone Use Explodes in Vietnam
Vietnam will import $1 billion worth of mobile phones in 2010, estimates the Ministry of Industry and Trade. Mobile phones will become such a high
Sales Surge for China's Top Developers
China's top 10 real estate developers boosted first-half sales 80 percent over last year to a total of 332.3 billion yuan...
China's Auto Exports Rise Amid Sluggish Home Sales
China's domestic carmakers make up for ground lost to foreign brands at home with big gains in exports to developing nations.
Samsung Profits Fall on Weak LCD, DRAM Prices
Samsung Electronics’ second quarter profits fell 26.2 percent from last year to 3.7 trillion won ($3.47 bil.)...
China Auto Sales Grow Again Amid Intense Competition
China passenger car sales erase fears of industry stagnation by recording 5.3% growth in the first half of 2011.
Japan Economic Index Shows Strong Rebound from Quake
Japan's index of leading economic indicators rose to 99.8 in May from 96.2 in April...
China Raises Interest Rates 3rd Time in 2011
China's central bank, the People's Bank of China (PBOC), is raising the benchmark one-year borrowing...
China Expands Domination of Brazil's Trade
China is solidifying its position as Brazil's biggest investor and trading partner by expanding investments in the tech sector.
Hyundai-Kia Overtakes Toyota, Honda Globally
The Hyundai-Kia overtakes Toyota and Honda in global unit sales.
S. Korea Trade Volume to Pass $1 Trillion
S. Korea is on track to become a top-five trading nation by the end of 2011.
Subway Leads China Fast-Food Growth
Subway taps into the growth in China's urban office workers seeking a fast, healthy lunch.
Ireland Swallows Bitter Pill of EU-IMF Bailout
Debt-crippled Ireland formally applied Sunday for a massive EU-IMF loan to stem the flight of capital from its banks, joining Greece in a step unthinkable
Seoul Sees Boom in Conversions to Business Hotels
Six buildings in Seoul's Myeong-dong shopping and entertainment district are being converted into business hotels...
Chinese Take to Open Road in RVs
China is poised for growth in the adoption of recreational vehicles as more of China's drivers discover...
Kan Cao Reverses Rapid Aging
Kan Cao's study on an accelerated aging disease may lead to new ways to slow normal aging.
Rick Ham Greens Cities with Induction Lighting
Rick Ham has built his family's US Lighting Tech into a world leader in induction lighting.
China to Boost Minimum Wage 13% Per Year
China hopes to offset the impact of inflation and cut the income gap by doubling the minimum wage by 2015.
China, Germany Aim to Double Trade by 2015
China and Germany, the world's biggest exporters, have set a goal of doubling trade by 2015.
Exelon Buys Deere Wind Farm As Energy Industry Consolidates
Energy company Exelon Corp. said Tuesday it will pay $900 million for the wind energy assets of manufacturer Deere & Co., potentially signaling
JPMorgan to Shut Down Proprietary Trading
JPMorgan Chase & Co. is shutting down its proprietary trading desks and eliminating around 80 jobs to comply with new restrictions on investment banks
Microsoft, Alibaba Test New China Search Engine
Microsoft Corp. and Alibaba Group, China's biggest e-commerce site, are testing a search service, adding a new competitor to a crowded Chinese
Carbuyers Likely to See Fewer Deals This August
For years, Americans shopping for cars were treated to all sorts of deals and incentives, especially at the end of summer. Think Cash for Clunkers
Eurozone Inflation Eases to 1.6%
Inflation in the 16 countries that use the euro fell in August, official figures showed Tuesday, reinforcing market expectations that the European
New U.S. Import Duties Likely on Chinese Aluminum
Analysts say the Obama administration, under congressional pressure to take a tough stance on Chinese trade policies, is expected to declare
Nikkei Leads Asian Stocks Down
Asian markets lost ground Tuesday as a strong yen pummeled Japanese shares and after Wall Street fell amid pessimism about the U.S. economy.
Japan Factory Output Rose 0.3% in July
Japan's factory output unexpectedly rose in July for the first time in two months as companies bolstered production of machinery, chemicals
Consumer Spending Rose 0.4% in July
Americans spent last month at the fastest pace in four months, helped by a jump in demand for automobiles.
Intel Buys Infineon's Wireless Unit for $1.4 Bil.
Intel Corp. is buying the wireless communications unit of Germany's Infineon Technologies AG for $1.4 billion in cash, the second deal
China Seeks Global Talent for Top Posts in State Firms
China announced plans to fill 20 top posts at some of its largest state-owned enterprises (SOEs), according to a notice on its State-owned Assets
China Leads World in Top Global Selling Products
China led the world in global top-selling products with 1,210 items in 2008, according to a Korea International Trade Association analysis
GM Sends Treasury $11.7 Bil. from IPO
The Treasury Department says it has received $11.7 billion from the sale of 358.5 million shares of General Motors stock.
Asia Passes Europe in Number of Millionaires
Asia and the Pacific have passed Europe in the number of people worth more than $1 million excluding their homes.
Japan Carmakers Suffer Market Share Loss
Japan's carmakers face challenges despite a faster-than-expected recovery of production capacity.
Pororo Cartoon May Be Hit by U.S. Anti-N. Korea Ban
Pororo the Little Penguin may run afoul of U.S. sanctions against North Korea...
Foreign Banks Expect China Revenues to Surge
The 127 foreign banks operating in China have a miniscule market share but see big growth opportunities ahead.
Jeffrey Ng's Cortexica Models Human Visual Perception
Jeffrey Ng's Cortexica has developed software that models how human vision identifies objects.
Consumers Less Stressed Over Debt
Debt isn't stressing people as much as it had been, but consumers remain gun-shy about embarking on a big holiday spending spree.
Tiffany Income Jumps on Robust Overseas Growth
Tiffany & Co. says strong sales of its jewelry both in the U.S. and overseas helped third-quarter net income rise 27 percent.
German Business Confidence Highest in 20 Years
German business confidence has unexpectedly risen to its highest level since reunification during November as Europe's largest economy continues
Euro Slides on Mounting Debt Fears
The euro slid to a two-month low Wednesday amid mounting worries that Europe's debt crisis was spiraling out of control and heading for Portugal
SAP Hit with $1.3 Bil. Verdict in Oracle Suit
A federal jury on Tuesday ordered SAP AG to pay $1.3 billion to its archenemy, Oracle Corp., for stealing customer-support documents and software
China Inflation Expected to Subside in 2nd Half
China's inflation rate will fall in the second half of the year thanks to higher pork and grain production, said a domestic economist Saturday.
World Stocks Fall on Debt Fears, Korean Flareup
World markets and the euro slid Tuesday as investors worried that Ireland's debt crisis will spread to other fiscally weak European nations and following
HP's Fortunes Seen As Bellwether of Tech Sector
Hewlett-Packard Co.'s results showed Monday how lopsided the recovery in technology spending has been. HP's results are a barometer
Economy Grew Faster in Summer Than Thought
The economy probably grew slightly faster last summer than first thought, benefiting from stronger overseas sales of U.S. goods.
Qantas Returns Two Superjumbos to Service
Qantas said Tuesday it will resume flying some of its A380 superjumbos this weekend, ending a self-imposed flight ban after a massive in-flight engine
Verizon Ups Top Download Speed to 150 MPS
Verizon Communications Inc. is zooming past cable-company competitors by tripling the top download speed of its FiOS Internet service to 150
Business Survey Sees 2.7% Growth for 2011
The pace of the U.S. economic recovery will remain steady but slow in the face of persistently high unemployment and heavy debt burdens
Engines Just Latest Setback for Airbus Superjumbo
Many wondered whether the world's largest passenger plane would ever be born. Skeptics called the 7-story-tall Airbus A380 too big and ambitious
L.A. Seeks to Revive Sales at Coroner's Gift Shop
The morgue is about the last place you would think of to go shopping, so it's perhaps unsurprising that sales at Los Angeles County's coroner ...
Cellphone Use Explodes in Vietnam
Vietnam will import $1 billion worth of mobile phones in 2010, estimates the Ministry of Industry and Trade. Mobile phones will become such a high
Sales Surge for China's Top Developers
China's top 10 real estate developers boosted first-half sales 80 percent over last year to a total of 332.3 billion yuan...
China's Auto Exports Rise Amid Sluggish Home Sales
China's domestic carmakers make up for ground lost to foreign brands at home with big gains in exports to developing nations.
Samsung Profits Fall on Weak LCD, DRAM Prices
Samsung Electronics’ second quarter profits fell 26.2 percent from last year to 3.7 trillion won ($3.47 bil.)...
China Auto Sales Grow Again Amid Intense Competition
China passenger car sales erase fears of industry stagnation by recording 5.3% growth in the first half of 2011.
Japan Economic Index Shows Strong Rebound from Quake
Japan's index of leading economic indicators rose to 99.8 in May from 96.2 in April...
China Raises Interest Rates 3rd Time in 2011
China's central bank, the People's Bank of China (PBOC), is raising the benchmark one-year borrowing...
China Expands Domination of Brazil's Trade
China is solidifying its position as Brazil's biggest investor and trading partner by expanding investments in the tech sector.
Hyundai-Kia Overtakes Toyota, Honda Globally
The Hyundai-Kia overtakes Toyota and Honda in global unit sales.
S. Korea Trade Volume to Pass $1 Trillion
S. Korea is on track to become a top-five trading nation by the end of 2011.
Subway Leads China Fast-Food Growth
Subway taps into the growth in China's urban office workers seeking a fast, healthy lunch.
Ireland Swallows Bitter Pill of EU-IMF Bailout
Debt-crippled Ireland formally applied Sunday for a massive EU-IMF loan to stem the flight of capital from its banks, joining Greece in a step unthinkable
Seoul Sees Boom in Conversions to Business Hotels
Six buildings in Seoul's Myeong-dong shopping and entertainment district are being converted into business hotels...
Chinese Take to Open Road in RVs
China is poised for growth in the adoption of recreational vehicles as more of China's drivers discover...
Kan Cao Reverses Rapid Aging
Kan Cao's study on an accelerated aging disease may lead to new ways to slow normal aging.
Rick Ham Greens Cities with Induction Lighting
Rick Ham has built his family's US Lighting Tech into a world leader in induction lighting.
China to Boost Minimum Wage 13% Per Year
China hopes to offset the impact of inflation and cut the income gap by doubling the minimum wage by 2015.
China, Germany Aim to Double Trade by 2015
China and Germany, the world's biggest exporters, have set a goal of doubling trade by 2015.
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