Bailed Out Dairy Industry Must Restructure: Ag Sect'y
The struggling U.S. dairy industry must be restructured to avoid cycles of boom and bust, Agriculture Secretary Tom Vilsack said Monday, less than a week ...
Business
Consumer Stinginess Shows Up in Corporate Profits
People aren't just shopping more at Family Dollar. They're buying the cheapest stuff on its racks. Even Pizza Hut's sales are slowing as consumers seek ...
Ciena to Buy Nortel Assets for $521 Mil.
Ciena Corp. says it has agreed to by the optical networking and carrier Ethernet assets of Nortel Networks' Metro Ethernet Networks business for roughly $521 ...
Costco Beats Street Despite Profit Slip
Costco Wholesale Corp. said Wednesday that its fiscal fourth-quarter profit fell 6 percent, partly on the stronger dollar and increased employee benefit costs, but results ...
Burger King Upgrades to Hip New Look
Burger King Corp. plans to swap its generic fast-food feel and bland tiles and tabletops for a vibe that's more sit-down than drive-through. As part ...
Gold Hits New Record High on Falling Dollar
Gold prices surged to a new high Tuesday as investors sought a safe harbor from a falling dollar and inflation. Gold for December delivery rose ...
Next Boom Likely to Be Powered by Cleantech
Our economy sure could use the Next Big Thing. Something on the scale of railroads, automobiles or the Internet — the kind of breakthrough that ...
Stocks Rise, Dollar Sinks on Aussie Interest-Rate Hike
The dollar tumbled Tuesday, hitting a 14-month low against the Australian currency and circling year lows against the euro, after an interest rate increase from ...
Samsung to Report Record Profits for Q3
Samsung Electronics Co. said Tuesday that profit likely surged in the third quarter on higher sales, amid a brightening outlook for the world's largest manufacturer ...
Dell to Make Android Phones for AT&T
Dell Inc. is working on a "smart" phone for AT&T that runs Google Inc.'s Android phone operating system, according to a newspaper report Wednesday. The ...
3-D TVs Shown at Japan Electronics Show
Japan's big name electronic manufacturers are readying flat-screen TVs that can show high-definition movies and video games in 3D for launch next year. At the ...
Toyota Previews All-Electric, Green Sports Car
Besides showing off its well-known hybrids, Toyota will take a slightly different tack at the upcoming Tokyo Motor Show to display a green sportscar with ...
FTC Regulates Online Reviews, Blogs, Testimonials
The Federal Trade Commission on Monday took steps to make product information and online reviews more accurate for consumers, regulating blogging for the first time ...
Las Vegas CityCenter Slashes Condo Prices
Developers of the $8.5 billion CityCenter on the Las Vegas Strip plan a 30 percent price cut on condos there that people have already agreed ...
Toyota Recall Addresses Potential Floor-Mat Problem
Toyota Motor Corp. officially recalled 3.8 million vehicles in the United States on Monday to address problems with floor mats that could cause the gas ...
Recession Offers Rare Investment Opportunities
The Great Recession has turned into the best of times for young investor Daniel Lee. Early this year, the 30-year-old salesman in Scottsdale, Ariz., shelved ...
New Apps Turn Cell Phones into Localized Guides
You're walking down the street, looking for a good place to eat. You hold up your cell phone and use it like the viewfinder on ...
Coach Sues Target for Alleged Copies of Handbags
Coach Inc. is suing low-price retailer Target Corp. over bags the luxury handbag maker says too closely resemble its own designs. Coach wants Target to ...
Frank Advances Bill to Limit Credit-Card Rate Hikes
Rep. Barney Frank, the tough-talking liberal ushering through a major rewrite of rules governing Wall Street, sounded a warning shot on Thursday to big banks: ...
Comcast to Send Popups to PCs with Virus Infection
Comcast Corp. wants to enlist its customers in a fight against a huge problem for Internet providers — the armies of infected personal computers, known ...
Japan Suspends U.S. Beef Shipments Again for Violation
Japan has suspended beef shipments from an American meatpacking plant after finding cattle parts banned under an agreement to prevent the spread of mad cow ...
Hummer Now Owned by China's Sichuan Tengzhong
Hummer, the off-road vehicle that once epitomized America's love for hulking trucks, is now in the hands of a Chinese heavy equipment maker. General Motors ...
USA Today Posts 17% Circulation Drop
USA Today expects to report the largest decline in circulation in its 27-year history, threatening its No. 1 position among U.S. dailies as the growth ...
Shanghai Leads Global Stock Rally on Rising Dollar
Chinese stocks rallied Friday as traders returned to their desks following a weeklong holiday, when the rest of the world's major markets shot higher amid ...
Audi Sales Decline Eased by Strong Asia Growth
German carmaker Audi AG said Friday it delivered 6.8 percent fewer cars in September than a year earlier as the global downturn continued to affect ...
AP, News Corp Want Search Engines to Pay for News
The leaders of two of the world's major news organizations said Friday that it is time for search engines and others who use news content ...
Infosys Raises Outlook Despite Profit Dip
Infosys Technologies Ltd. reported a slight decrease in quarterly profit Friday but raised its revenue and earnings forecasts — a signal the worst may be ...
U.S. Assets Attract Rising Foreign Demand
Foreign demand for long-term U.S. financial assets rose in August even though China trimmed its holdings of Treasury securities. Foreigners purchased $28.6 billion more
Another Asset Bubble May Be Forming Already
The next financial bubble could come sooner than you think. A year after the collapse of home values triggered the financial crisis and Great Recession, ...
Retail, Jobs Data Boost Wall Street
Stocks are resuming their climb as investors get positive readings on two of the best gauges of the economy's health: consumer spending and corporate profits. ...
GM to Sell Hummer to Sichuan Tengzhong Heavy
General Motors Co. is poised to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon, ...
New Jobless Claims Lowest Since January
The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs ease a bit ...
GM Names New Sales Chief As U.S. Market Share Erodes
Less than a week after reporting a sharp drop in September sales, GM said its U.S. sales chief is leaving as the automaker struggles to ...
Marriott Posts Q3 Loss on Timeshare Slump
Marriott International says it lost $466 million in its third quarter on hefty impairment charges, mostly related to its timeshare business. The hotel operator lost ...
Nissan Land Glider Electric As Agile As a Motorcycle
Nissan's Land Glider electric vehicle tilts from side to side, sashaying into curves by up to a 17-degree angle, as though showing off in a ...
Worldwide Prescription Drug Sales Growth Slows
Growth of prescription drug revenue worldwide will likely dip to between 4 percent and 6 percent next year — the lowest rate in at least ...
Biggest Solar Power Plant Set to Open in Florida
Greg Bove steps into his pickup truck and drives down a sandy path to where the future of Florida's renewable energy plans begin: Acres of ...
Dollar Rises After Hitting 14-Month Low
The dollar reversed direction after hitting a 14-month low against the euro in volatile trading Monday after a regional Chinese central bank researcher argued for ...
Corning Profits Slip but TV Glass Demand Rises
Corning Inc. said Monday that demand is rebounding for its flat-screen television glass but the specialty glass maker's third-quarter profit fell 16 percent from a ...
Netflix to Stream Movies Through PlayStation 3
PlayStation 3 owners will soon be able to stream movies and TV shows from Netflix to their TVs using the gaming console, just as Xbox ...
3-D Likely to Be Next Big Home TV Upgrade
Fans scrambled to see 3-D movies such as "Cloudy with a Chance of Meatballs" in theaters this year and new 3-D televisions could soon have ...
Internet to Expand with Non-Latin Domain Names
The Internet is set to undergo one of the biggest changes in its four-decade history with the expected approval this week of international domain names ...
S. Korea Economy Grew at Fastest Pace in 7 Years
South Korea's economy grew at its fastest pace in over seven years in the third quarter amid strength in manufacturing and capital spending as Asian ...
Capmark Files for Chapter 11 Protection
Capmark Financial Group, one of the nation's largest commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt.
Record NYC Real Estate Deal Looms As Record Bust
It was the most expensive real estate deal in U.S. history. Now it's poised to become one of the biggest flops. At the height of ...
Baidu Q3 Profits Jump 42% but Outlook Soft
Baidu Inc., which runs China's leading Internet search engine, said Monday that its third-quarter profit jumped 42 percent as revenue from online marketing services climbed.
Fortune Makes Big Changes to Cope with Ad Slump
Fortune is embarking on an ambitious redesign of its business magazine, as a vicious advertising slump is forcing the publication to cut the number of ...
Home Sales Rebound on Tax Credit, Foreclosures
With homebuyers rushing to complete their purchases before a tax credit for first-time owners expires, a report Friday is expected to show strong September sales.
Amazon Profits Blow Past Estimates
Amazon.com Inc.'s third-quarter results blew past analyst expectations, showing that consumers are comfortable opening their wallets to the online retailer despite the still-shaky economy.
Kia Profits Swell to Record on Sales Growth
Kia Motors Corp. said net profit swelled to a record 402 billion won ($339 million) in the third quarter boosted by a weak South Korean ...
Bailed Out Dairy Industry Must Restructure: Ag Sect'y
The struggling U.S. dairy industry must be restructured to avoid cycles of boom and bust, Agriculture Secretary Tom Vilsack said Monday, less than a week ...
Consumer Stinginess Shows Up in Corporate Profits
People aren't just shopping more at Family Dollar. They're buying the cheapest stuff on its racks. Even Pizza Hut's sales are slowing as consumers seek ...
Ciena to Buy Nortel Assets for $521 Mil.
Ciena Corp. says it has agreed to by the optical networking and carrier Ethernet assets of Nortel Networks' Metro Ethernet Networks business for roughly $521 ...
Costco Beats Street Despite Profit Slip
Costco Wholesale Corp. said Wednesday that its fiscal fourth-quarter profit fell 6 percent, partly on the stronger dollar and increased employee benefit costs, but results ...
Burger King Upgrades to Hip New Look
Burger King Corp. plans to swap its generic fast-food feel and bland tiles and tabletops for a vibe that's more sit-down than drive-through. As part ...
Gold Hits New Record High on Falling Dollar
Gold prices surged to a new high Tuesday as investors sought a safe harbor from a falling dollar and inflation. Gold for December delivery rose ...
Next Boom Likely to Be Powered by Cleantech
Our economy sure could use the Next Big Thing. Something on the scale of railroads, automobiles or the Internet — the kind of breakthrough that ...
Stocks Rise, Dollar Sinks on Aussie Interest-Rate Hike
The dollar tumbled Tuesday, hitting a 14-month low against the Australian currency and circling year lows against the euro, after an interest rate increase from ...
Samsung to Report Record Profits for Q3
Samsung Electronics Co. said Tuesday that profit likely surged in the third quarter on higher sales, amid a brightening outlook for the world's largest manufacturer ...
Dell to Make Android Phones for AT&T
Dell Inc. is working on a "smart" phone for AT&T that runs Google Inc.'s Android phone operating system, according to a newspaper report Wednesday. The ...
3-D TVs Shown at Japan Electronics Show
Japan's big name electronic manufacturers are readying flat-screen TVs that can show high-definition movies and video games in 3D for launch next year. At the ...
Toyota Previews All-Electric, Green Sports Car
Besides showing off its well-known hybrids, Toyota will take a slightly different tack at the upcoming Tokyo Motor Show to display a green sportscar with ...
FTC Regulates Online Reviews, Blogs, Testimonials
The Federal Trade Commission on Monday took steps to make product information and online reviews more accurate for consumers, regulating blogging for the first time ...
Las Vegas CityCenter Slashes Condo Prices
Developers of the $8.5 billion CityCenter on the Las Vegas Strip plan a 30 percent price cut on condos there that people have already agreed ...
Toyota Recall Addresses Potential Floor-Mat Problem
Toyota Motor Corp. officially recalled 3.8 million vehicles in the United States on Monday to address problems with floor mats that could cause the gas ...
Recession Offers Rare Investment Opportunities
The Great Recession has turned into the best of times for young investor Daniel Lee. Early this year, the 30-year-old salesman in Scottsdale, Ariz., shelved ...
New Apps Turn Cell Phones into Localized Guides
You're walking down the street, looking for a good place to eat. You hold up your cell phone and use it like the viewfinder on ...
Coach Sues Target for Alleged Copies of Handbags
Coach Inc. is suing low-price retailer Target Corp. over bags the luxury handbag maker says too closely resemble its own designs. Coach wants Target to ...
Frank Advances Bill to Limit Credit-Card Rate Hikes
Rep. Barney Frank, the tough-talking liberal ushering through a major rewrite of rules governing Wall Street, sounded a warning shot on Thursday to big banks: ...
Comcast to Send Popups to PCs with Virus Infection
Comcast Corp. wants to enlist its customers in a fight against a huge problem for Internet providers — the armies of infected personal computers, known ...
Japan Suspends U.S. Beef Shipments Again for Violation
Japan has suspended beef shipments from an American meatpacking plant after finding cattle parts banned under an agreement to prevent the spread of mad cow ...
Hummer Now Owned by China's Sichuan Tengzhong
Hummer, the off-road vehicle that once epitomized America's love for hulking trucks, is now in the hands of a Chinese heavy equipment maker. General Motors ...
USA Today Posts 17% Circulation Drop
USA Today expects to report the largest decline in circulation in its 27-year history, threatening its No. 1 position among U.S. dailies as the growth ...
Shanghai Leads Global Stock Rally on Rising Dollar
Chinese stocks rallied Friday as traders returned to their desks following a weeklong holiday, when the rest of the world's major markets shot higher amid ...
Audi Sales Decline Eased by Strong Asia Growth
German carmaker Audi AG said Friday it delivered 6.8 percent fewer cars in September than a year earlier as the global downturn continued to affect ...
AP, News Corp Want Search Engines to Pay for News
The leaders of two of the world's major news organizations said Friday that it is time for search engines and others who use news content ...
Infosys Raises Outlook Despite Profit Dip
Infosys Technologies Ltd. reported a slight decrease in quarterly profit Friday but raised its revenue and earnings forecasts — a signal the worst may be ...
U.S. Assets Attract Rising Foreign Demand
Foreign demand for long-term U.S. financial assets rose in August even though China trimmed its holdings of Treasury securities. Foreigners purchased $28.6 billion more
Another Asset Bubble May Be Forming Already
The next financial bubble could come sooner than you think. A year after the collapse of home values triggered the financial crisis and Great Recession, ...
Retail, Jobs Data Boost Wall Street
Stocks are resuming their climb as investors get positive readings on two of the best gauges of the economy's health: consumer spending and corporate profits. ...
GM to Sell Hummer to Sichuan Tengzhong Heavy
General Motors Co. is poised to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon, ...
New Jobless Claims Lowest Since January
The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs ease a bit ...
GM Names New Sales Chief As U.S. Market Share Erodes
Less than a week after reporting a sharp drop in September sales, GM said its U.S. sales chief is leaving as the automaker struggles to ...
Marriott Posts Q3 Loss on Timeshare Slump
Marriott International says it lost $466 million in its third quarter on hefty impairment charges, mostly related to its timeshare business. The hotel operator lost ...
Nissan Land Glider Electric As Agile As a Motorcycle
Nissan's Land Glider electric vehicle tilts from side to side, sashaying into curves by up to a 17-degree angle, as though showing off in a ...
Worldwide Prescription Drug Sales Growth Slows
Growth of prescription drug revenue worldwide will likely dip to between 4 percent and 6 percent next year — the lowest rate in at least ...
Biggest Solar Power Plant Set to Open in Florida
Greg Bove steps into his pickup truck and drives down a sandy path to where the future of Florida's renewable energy plans begin: Acres of ...
Dollar Rises After Hitting 14-Month Low
The dollar reversed direction after hitting a 14-month low against the euro in volatile trading Monday after a regional Chinese central bank researcher argued for ...
Corning Profits Slip but TV Glass Demand Rises
Corning Inc. said Monday that demand is rebounding for its flat-screen television glass but the specialty glass maker's third-quarter profit fell 16 percent from a ...
Netflix to Stream Movies Through PlayStation 3
PlayStation 3 owners will soon be able to stream movies and TV shows from Netflix to their TVs using the gaming console, just as Xbox ...
3-D Likely to Be Next Big Home TV Upgrade
Fans scrambled to see 3-D movies such as "Cloudy with a Chance of Meatballs" in theaters this year and new 3-D televisions could soon have ...
Internet to Expand with Non-Latin Domain Names
The Internet is set to undergo one of the biggest changes in its four-decade history with the expected approval this week of international domain names ...
S. Korea Economy Grew at Fastest Pace in 7 Years
South Korea's economy grew at its fastest pace in over seven years in the third quarter amid strength in manufacturing and capital spending as Asian ...
Capmark Files for Chapter 11 Protection
Capmark Financial Group, one of the nation's largest commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt.
Record NYC Real Estate Deal Looms As Record Bust
It was the most expensive real estate deal in U.S. history. Now it's poised to become one of the biggest flops. At the height of ...
Baidu Q3 Profits Jump 42% but Outlook Soft
Baidu Inc., which runs China's leading Internet search engine, said Monday that its third-quarter profit jumped 42 percent as revenue from online marketing services climbed.
Fortune Makes Big Changes to Cope with Ad Slump
Fortune is embarking on an ambitious redesign of its business magazine, as a vicious advertising slump is forcing the publication to cut the number of ...
Home Sales Rebound on Tax Credit, Foreclosures
With homebuyers rushing to complete their purchases before a tax credit for first-time owners expires, a report Friday is expected to show strong September sales.
Amazon Profits Blow Past Estimates
Amazon.com Inc.'s third-quarter results blew past analyst expectations, showing that consumers are comfortable opening their wallets to the online retailer despite the still-shaky economy.
Kia Profits Swell to Record on Sales Growth
Kia Motors Corp. said net profit swelled to a record 402 billion won ($339 million) in the third quarter boosted by a weak South Korean ...
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