GM to Close Most U.S. Plants for 9 Weeks This Summer
General Motors Corp. is planning to temporarily close most of its U.S. factories for up to nine weeks this summer because of slumping sales and ...
Business
Japan Expects GDP to Shrink 3.3%
The Japanese government said Monday the economy is likely to shrink 3.3 percent this fiscal year, its worst contraction since World War II, as exports ...
Honda Posts Fiscal Year Profits Despite Big Q4 Loss
Honda Motor Co. said Tuesday it overcame a large quarterly loss to book a fiscal year profit that was well above forecasts, and vowed to ...
Mitsui Sumitomo to Buy Nikko Cordial from Citigroup
Major Japanese bank Sumitomo Mitsui Financial Group Inc. has reached a basic agreement to buy a Japan-based brokerage unit from Citigroup Inc. for some 500 ...
Cablevision Unveils Fastest Internet Access
Cablevision Systems Corp. is set to unveil Tuesday the fastest Internet speeds available from any cable or phone company. Starting May 11, the Bethpage, N.Y.-based ...
GM Looks to Become Lean Government-Owned Company
General Motors, once the colossus of American capitalism, will become a leaner, government-owned company if the Obama administration goes along with the automaker’s plan to ...
Seach Engine Baidu Q1 Revenues Jump 41%
Baidu Inc., which runs China’s most popular search engine, said Monday its first-quarter profit grew, boosted by higher online marketing revenue The results sent the ...
GM to Shed Pontiac, Cut 21,000 Factory Jobs
General Motors Corp. said it will cut 21,000 U.S. factory jobs by next year, phase out its storied Pontiac brand and ask the government to ...
U.S. Newspapers Report Steeper Declines
The Audit Bureau of Circulations said Monday that average daily circulation declined 7.1 percent in the October-March period from the same six-month span in 2007-2008. ...
China's Top Bank Reports 6% Profit Rise
Industrial & Commercial Bank of China Ltd., the country’s biggest commercial lender by assets, said Monday its quarterly profit rose 6 percent from a year ...
Sharp Posts $1.3 Bil. Loss on Slump in LCDs, Gadgets
Japanese electronics maker Sharp Corp. suffered an annual net loss of 125.8 billion yen ($1.3 billion), its first yearly red ink in nearly six decades, ...
Chrysler Keeps Hope Alive with 11th-Hour Labor Deals
It looks like scrappy little Chrysler LLC might yet escape the auctioneer’s gavel. The smallest U.S.-based automaker cleared two major hurdles on Sunday in its ...
Kirin to Buy Australia's Lion Nathan for $4.7 Bil.
Lion Nathan Ltd., the Australian brewer of Tooheys and Hahn beers, said Monday its biggest shareholder, Japan’s Kirin Holdings Co., has agreed to buy the ...
Qualcomm Settles Broadcom Patent Suit for $891 Mil.
Chip maker Qualcomm Inc. said late Sunday it will pay Broadcom Corp. $891 million over four years to settle a longstanding dispute over patents and ...
Consumer Spending May Be Returning to Normal
When the economy screeched to a halt late last year, so did consumer spending, which accounts for 70 percent of all U.S. economic activity. That’s ...
China Reports 76% Jump in Gold Reserves
China has increased its gold reserves by 76 percent since 2003 to 1,054 tons and now ranks fifth among nations with the biggest holdings, a ...
Nomura Posts $7.3 Bil. Loss on Stock Slump, Lehman Cost
Nomura Holdings Inc., Japan’s top brokerage, suffered one of the largest annual losses in Japanese corporate history, hit by slumping stock markets and the cost ...
Kia Posts Profits Despite Sales Decline
Kia Motors Corp. said Friday it posted a net profit in the first quarter, helped by a sharply weaker South Korean won and an increase ...
Ford Earnings, Durables Orders Push Wall Street Higher
Stock futures are higher as orders for big-ticket manufactured items fall less than expected in March. The Commerce Department said Friday that orders for durable ...
GM to Close Most U.S. Plants for 9 Weeks This Summer
General Motors Corp. is planning to temporarily close most of its U.S. factories for up to nine weeks this summer because of slumping sales and ...
Japan Expects GDP to Shrink 3.3%
The Japanese government said Monday the economy is likely to shrink 3.3 percent this fiscal year, its worst contraction since World War II, as exports ...
Honda Posts Fiscal Year Profits Despite Big Q4 Loss
Honda Motor Co. said Tuesday it overcame a large quarterly loss to book a fiscal year profit that was well above forecasts, and vowed to ...
Mitsui Sumitomo to Buy Nikko Cordial from Citigroup
Major Japanese bank Sumitomo Mitsui Financial Group Inc. has reached a basic agreement to buy a Japan-based brokerage unit from Citigroup Inc. for some 500 ...
Cablevision Unveils Fastest Internet Access
Cablevision Systems Corp. is set to unveil Tuesday the fastest Internet speeds available from any cable or phone company. Starting May 11, the Bethpage, N.Y.-based ...
GM Looks to Become Lean Government-Owned Company
General Motors, once the colossus of American capitalism, will become a leaner, government-owned company if the Obama administration goes along with the automaker’s plan to ...
Seach Engine Baidu Q1 Revenues Jump 41%
Baidu Inc., which runs China’s most popular search engine, said Monday its first-quarter profit grew, boosted by higher online marketing revenue The results sent the ...
GM to Shed Pontiac, Cut 21,000 Factory Jobs
General Motors Corp. said it will cut 21,000 U.S. factory jobs by next year, phase out its storied Pontiac brand and ask the government to ...
U.S. Newspapers Report Steeper Declines
The Audit Bureau of Circulations said Monday that average daily circulation declined 7.1 percent in the October-March period from the same six-month span in 2007-2008. ...
China's Top Bank Reports 6% Profit Rise
Industrial & Commercial Bank of China Ltd., the country’s biggest commercial lender by assets, said Monday its quarterly profit rose 6 percent from a year ...
Sharp Posts $1.3 Bil. Loss on Slump in LCDs, Gadgets
Japanese electronics maker Sharp Corp. suffered an annual net loss of 125.8 billion yen ($1.3 billion), its first yearly red ink in nearly six decades, ...
Chrysler Keeps Hope Alive with 11th-Hour Labor Deals
It looks like scrappy little Chrysler LLC might yet escape the auctioneer’s gavel. The smallest U.S.-based automaker cleared two major hurdles on Sunday in its ...
Kirin to Buy Australia's Lion Nathan for $4.7 Bil.
Lion Nathan Ltd., the Australian brewer of Tooheys and Hahn beers, said Monday its biggest shareholder, Japan’s Kirin Holdings Co., has agreed to buy the ...
Qualcomm Settles Broadcom Patent Suit for $891 Mil.
Chip maker Qualcomm Inc. said late Sunday it will pay Broadcom Corp. $891 million over four years to settle a longstanding dispute over patents and ...
Consumer Spending May Be Returning to Normal
When the economy screeched to a halt late last year, so did consumer spending, which accounts for 70 percent of all U.S. economic activity. That’s ...
China Reports 76% Jump in Gold Reserves
China has increased its gold reserves by 76 percent since 2003 to 1,054 tons and now ranks fifth among nations with the biggest holdings, a ...
Nomura Posts $7.3 Bil. Loss on Stock Slump, Lehman Cost
Nomura Holdings Inc., Japan’s top brokerage, suffered one of the largest annual losses in Japanese corporate history, hit by slumping stock markets and the cost ...
Kia Posts Profits Despite Sales Decline
Kia Motors Corp. said Friday it posted a net profit in the first quarter, helped by a sharply weaker South Korean won and an increase ...
Ford Earnings, Durables Orders Push Wall Street Higher
Stock futures are higher as orders for big-ticket manufactured items fall less than expected in March. The Commerce Department said Friday that orders for durable ...
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