Hitachi Reports Record Loss with Glum Outlook for 2009

Electronics maker Hitachi Ltd. posted the biggest ever annual loss for a Japanese manufacturer and warning of more red ink, said it doesn’t expect the ...

Sony to Post First Annual Loss in 14 Years

Japanese electronics and entertainment company Sony Corp. reports its fiscal fourth quarter and full year earnings on Thursday. The following is a summary of key ...

China April Exports Down 22.6%, Investments Up 30.5%

China’s exports plunged 22.6 percent in April from the year before in the sixth straight monthly decline, the government said Tuesday, while a torrent in ...

Stimulus on Track to Save or Create 3.5 Mil. Jobs Says White House

The Obama administration is defending its claim that the $787 billion economic stimulus plan will save or create 3.5 million jobs before 2011 even while ...

Microsoft Prepares First Debt Offering of $3.75 Bil.

Microsoft Corp. priced a $3.75 billion debt offering on Monday, a first for the world’s largest software maker.

Credit Card Bill Would Let Consumers Return to Old Rate

Consumers who are paying more in interest because they have fallen behind on their credit-card bills could regain their older, lower rates if they pay ...

AIG Sells Japan HQ for $1.2 Bil.

Embattled insurer American International Group Inc. said Monday it is selling its Japanese headquarters to Nippon Life Insurance Co. for $1.2 billion in cash.

Fiat's Triumphant Return to U.S. Stokes Italian Pride

In a perfect world, so the joke goes, the Germans are the mechanics, the Swiss are the timekeepers and the Italians are the lovers.

GM Chapter 11 Deemed Virtual Certainty

For General Motors Corp., the task at hand is so difficult that experts say a Chapter 11 bankruptcy filing is all but inevitable.

China CPI Falls 1.5% in April on Lower Food

China’s inflation rate fell for the third month in a row in April as prices for foods and energy plunged from high levels the year ...

Obama Wants Credit Card Legislation by Month's End

Send me a bill that stops credit card companies from taking advantage of consumers, and do it by month’s end, President Barack Obama is demanding ...

Wall Street Ends Week Surgin on Jobs, Banks

As far as Wall Street is concerned there is no bad news anymore. At least for now, traders are seeing news about longtime trouble spots ...

Employment Data Boost Wall Street

Stock futures are extending their gains as the government says fewer jobs were lost in April than expected.

Top Japanese Chipmaker Toshiba Posts Record Loss

Japan’s top chipmaker Toshiba Corp. tumbled to a record annual loss amid sinking global demand that has forced it to cut thousands of jobs.

Toyota Reports Record Losses

Toyota Motor Corp. lost 765.8 billion yen ($7.7 billion) in the January-March quarter — a bigger loss than General Motors reported — resulting in its ...

Stress Test Results Lift Cloud of Uncertainty

Government exams of the nation’s biggest banks have helped lift a cloud of uncertainty that has hung over the economy.

Oil Hits 6-Month High on Surging Optimism

Oil prices jumped to almost $58 a barrel Thursday, extending gains to near six-month highs on investor expectations that global economic growth may begin to ...

China's Geely Bids for GM's SAAB

Chinese automaker Geely Automobile Holdings said Thursday it is bidding for General Motors Corp.‘s Saab brand, a move that would boost the company’s ability to ...

China Pledges Another Big Buying Spree in Europe

China promised Thursday to send its companies on new multibillion dollar spending sprees in Europe as it called on the bloc, its largest export market, ...

Validity of Bank Stress Test Questioned

Some of the nation’s largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing ...

Hitachi Reports Worst Manufacturing Loss on Record

Japanese electronics maker Hitachi Ltd. said Thursday its loss for the fiscal year ended March will be bigger than its previous forecast, ballooning to 788 ...

Korean Air Losses Jump on Weak Won

Korean Air Lines Co. said Thursday its first quarter net loss widened as weakness in the South Korean won drove up costs denominated in dollars.

Bank Stress Test Results Ease Worries, Boost Wall Street

Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies.

Market Buoyant Despite Pending Bank Stress-Test Results

Banks will be told today how they did on their “stress tests” and informed of regulators’ final decisions on how much capital they need to ...

IMF Projects 4.3% Growth for Asia in 2010 Recovery

Most Asian economies face a sharp contraction this year and a weak recovery in 2010 as global demand for the region’s exports struggles to rebound, ...

GM Plans 1-for-100 Reverse Stock Split

General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 ...

Biotech Profitable at Last but Squeezed by Recession

The U.S. biotech industry became profitable as a whole for the first time in 2008, a new report says, but the global financial crisis has ...

Oil Stays Above $54 on Recovery Hopes

Oil prices lingered above $54 a barrel Tuesday as growing investor optimism about a recovery in the global economy supported prices above a month-long trading ...

Asia Agrees on Need to Cut Exports, Boost Consumption

Cutting Asia’s reliance on exports for growth has taken on new urgency as the global economic crisis sends trade into a tailspin. But many economies ...

GM's China Sales Surge 50% to Monthly Record

General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for ...

IT Giants May Be Hit Hard by Obama's Overseas Profits Tax

President Barack Obama’s plan to impose U.S. taxes on corporate America’s overseas profits threatens to open a big crater in the financial statements of technology ...

Sanyo Reports Loss but Expects Profits This Year

Sanyo Electric Co. sank to an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small ...

S. Korea Passes UK, Italy, Netherlands in Export Volume

S. Korea's total goods export volume soared 20.5% during the first 11 months of 2011 to reach $508.7 billion.

Small Imported Cars Tops in S. Korea Sales Growth

Import car sales jumped 12.1% in November over October while sales of domestic makes have fallen for two straight months.

China Hurts Foreign Tech Producers by Cutting Rare-Earth Exports

China's cuts to its rare-earth exports are giving a cost advantage to firms that manufacture a long list of hi-tech products in China while shoring ...

Air France Suspends Maintenance in China

Air France suspended maintenance of its aircraft by China's Taeco on safety concerns raised by finding 30 screws missing from one of its planes.

Hong Kong's Top Media Mogul to Retire at 104

Legendary producer Run Run Shaw, who built the Hong Kong film industry into a global player, will retire from Television Broadcasts Ltd (TVB) at the ...

Dennis Fong Connects Gamers

Taiwan, Intel to Develop Super-Efficient Memory Chips

Taiwan and Intel will jointly develop new computer memory products within five years.

Foxconn Posts Record Revenues in November

Strong demand for Apple iPhones and iPads has helped Taiwan-based OEM Foxconn post record revenues of NT$300 billion ($10 bil.) in November.

Four New TV Broadcasting Networks Debut in S. Korea

Four major new TV broadcasting networks debuted simultaneously on December 1 in a so-called “Big Bang”.