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 ...
Business
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 ...
Hertz Boosts Earnings Guidance for 2009
Hertz Global Holdings Inc. on Monday raised its earnings guidance for the year by more than 40 percent
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 ...
$300-Bil Est. for National High-Speed Rail Lines
Communities and companies seeking to build high-speed rail systems haven't yet received the $8 billion in stimulus money the Obama administration promised for the projects
Taiwan Lifts Ban on U.S. Beef in Bone
Taiwan says it will lift a ban on imports of a range of U.S. "beef in bone" products including Porterhouse steak.
Hynix Reports First Quarterly Profit in Two Years
Hynix Semiconductor Inc. recorded its first quarterly net profit in two years as prices for memory chips rose in a rapidly recovering market. The company ...
Netflix Q3 Earnings Surge 48% on Subscriber Boom
Netflix Inc. has been doing so well during the recession that it's getting tougher for the DVD-by-mail pioneer to live up to investors' lofty expectations. ...
Feds Unveil Plans to Limit Top Executive Pay at Banks
The government zeroed in on corporate excess and recklessness Thursday with deep, unprecedented cuts in executive compensation at companies living on taxpayer money and a ...
Asian Markets Fall on U.S. Consumer Sentiment
Global stock markets dropped Wednesday as more signs American consumers were struggling undermined hopes for a stronger turnaround in the world's largest economy.
Hawaii Gov to Woo Big Spenders from China
Gov. Linda Lingle will leave on Friday for a two-week excursion to China where she intends to sell Hawaii as a tourism destination and to ...
Alcoa Working with China on Jetliner Development
Alcoa Inc. said Thursday it is working with China on the development of the country's newest and biggest commercial jetliner.
Asia Stocks Continue Slide on Weak U.S. Data
Asian stock markets fell for a third day Thursday after signs of weakness in the U.S. housing market added to fears about the health of ...
Oil Prices Slump on Surprising Gas Supplies
Oil prices hung below $78 a barrel Thursday in Asia as an unexpected jump in U.S. gasoline supplies cast doubt on the strength of a ...
Q3 Data to Show Recession Ended but Doubts Persist
The economy appears back on its feet after being knocked over by the worst recession since the 1930s.
CIT Group Gets $4.5 Bil. More to Restructure Debt
CIT Group Inc., one of the nation's largest lenders to small and mid-sized businesses, said Wednesday it received $4.5 billion in credit from its own ...
New Home Sales Fall Unexpectedly
Shares of homebuilders slid Wednesday as new home sales dropped for the first time in five months.
GM to Post Sales Gains for First Time in 21 Months
General Motors Co. is likely to post its first year-over-year monthly sales gain in 21 months when automakers report sales figures on Tuesday, a top ...
China's Geely in Talks to Buy Volvo from Ford
Ford Motor Co. has picked a consortium led by China's Geely Group as the preferred bidder to buy its Swedish Volvo Cars unit, the U.S. ...
Japan Carmakers Report Record China Production
Japanese automakers are experiencing a production boom in China with Toyota, Honda and Nissan setting records for September — the latest signs of an emerging ...
Hulu May Start Charging for Video Access
Hulu, the free online video site where television shows and movies can be watched in their entirety, will start charging fees at some point, one ...
Ex-AMD CEO Fingered As Leaker in Galleon Case
Chip maker Advanced Micro Devices Inc. is "thoroughly reviewing" published reports fingering former chairman and CEO Hector Ruiz as the AMD executive who gave confidential ...
GMAC in Talks with Treasury for 3rd Round of Bailout
GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline ...
7 Calif Cities Top Nation in Median Home Values
Many college graduates are passing up industrial centers and former hotspots in the Southwest, which have been hit hard by the recession, in favor of ...
Bill Zeroes in on Overseas Tax-Dodge Schemes
Key lawmakers unveiled a bill Tuesday aiming to crack down on wealthy tax dodgers hiding money overseas.
IBM Adds $5 Bil. to Share Buyback Program
IBM Corp. has boosted its stock buyback program by $5 billion, a sign of the company's ability to spit out cash despite the fact the ...
Nissan Unveils New Platform for Global Minicars
It has become a vexing, billion-dollar question for the world's automakers: How do you build small, cheap cars profitably?
Honda Avoids Loss, Forecasts Surprising Profits
Japanese government incentives for green cars and strong sales in China helped Honda Motor Co. avoid red ink for the first half and raise its ...
Newspapers Report Record Circulation Losses
Circulation at newspapers shrank at an accelerated pace in the past six months, driven in part by stiff price increases imposed by publishers scrambling to ...
Recession Over but Suffering Continues
It's about to become official: The recession is over — but not the pain. The government will release figures this week expected to show that ...
Peanuts Have Crackerjack Year After Salmonella Scare
Go figure: Food makers processed more peanuts over the past year than nearly any other time on record despite a national salmonella outbreak blamed for ...
Morgan Stanley Sells Consumer Unit to Invesco
Morgan Stanley said Tuesday it will sell its retail asset management business, including the Van Kampen division, to money manager Invesco Ltd. for $1.5 billion ...
Apple Earnings Surge 47% on iPhone Sales
Apple Inc. increased its net income 47 percent in the most recent quarter as more people bought Mac computers and gave in to the iPhone ...
Stocks Rise as Earnings Beat Views
Investors found a fresh appetite for stocks Monday after a handful of earnings reports revived hopes that the economy is improving.
JAL Shares Surge on Gov't Rescue Plan
Shares of Japan Airlines surged nearly 12 percent Monday following a report the government is expediting a rescue for the struggling carrier.
China Growth Over 7% for Jan-Sept 2009
China's economy expanded more than 7 percent in the first nine months of the year and will certainly surpass the 2009 growth target of 8 ...
Asia Stocks Rise Eyeing U.S., China Earnings
Asian stock markets were mostly higher Monday as investors looked to bellwether U.S. companies and China for guideposts to the strength of recovery in two ...
Wall Street Awaits Earnings of Consumer Bellwethers
After getting worrisome signs about consumers from bankers' earnings reports, investors will be looking at a broad range of companies this week for further insights ...
Chevron Announces New Gas Find Off Australia
Energy company Chevron Corp. said Sunday it has made an additional discovery of natural gas in the giant Gorgon gas field being developed off the ...
States Sue Feds for Billions in Unclaimed Savings Bonds
The federal government is facing a lawsuit over billions in unclaimed bonds that date back to the patriotic fundraising efforts of World War II, leading ...
India's Natural Gas Tied Up by Brothers' $17 Bil. Fued
An ashen Anil Ambani, one of the world's richest men, stood before a clutter of television cameras, close to tears. "There is only pain, hurt ...
Honda May Move Fit Production to U.S.
Honda Motor Co. says it may move production of the popular Fit hatchback to the U.S. to offset the effects of a stronger yen. Spokesman ...
China to Open Stock Market for Small Firms
Trading on China's new stock market catering to smaller companies will begin Oct. 23, the chairman of the country's securities regulator said Saturday.
2009 Federal Deficit to Reach $1.4 Tril.
What is $1.42 trillion? It's more than the total national debt for the first 200 years of the Republic, more than the entire economy of ...
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
BOA Reports $2.2 Bil. Loss on Rising Bad Loans
Bank of America Corp. says it lost more than $2 billion in the third quarter as its loan losses continued to rise. The nation's second-largest ...
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 ...
Hertz Boosts Earnings Guidance for 2009
Hertz Global Holdings Inc. on Monday raised its earnings guidance for the year by more than 40 percent
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 ...
$300-Bil Est. for National High-Speed Rail Lines
Communities and companies seeking to build high-speed rail systems haven't yet received the $8 billion in stimulus money the Obama administration promised for the projects
Taiwan Lifts Ban on U.S. Beef in Bone
Taiwan says it will lift a ban on imports of a range of U.S. "beef in bone" products including Porterhouse steak.
Hynix Reports First Quarterly Profit in Two Years
Hynix Semiconductor Inc. recorded its first quarterly net profit in two years as prices for memory chips rose in a rapidly recovering market. The company ...
Netflix Q3 Earnings Surge 48% on Subscriber Boom
Netflix Inc. has been doing so well during the recession that it's getting tougher for the DVD-by-mail pioneer to live up to investors' lofty expectations. ...
Feds Unveil Plans to Limit Top Executive Pay at Banks
The government zeroed in on corporate excess and recklessness Thursday with deep, unprecedented cuts in executive compensation at companies living on taxpayer money and a ...
Asian Markets Fall on U.S. Consumer Sentiment
Global stock markets dropped Wednesday as more signs American consumers were struggling undermined hopes for a stronger turnaround in the world's largest economy.
Hawaii Gov to Woo Big Spenders from China
Gov. Linda Lingle will leave on Friday for a two-week excursion to China where she intends to sell Hawaii as a tourism destination and to ...
Alcoa Working with China on Jetliner Development
Alcoa Inc. said Thursday it is working with China on the development of the country's newest and biggest commercial jetliner.
Asia Stocks Continue Slide on Weak U.S. Data
Asian stock markets fell for a third day Thursday after signs of weakness in the U.S. housing market added to fears about the health of ...
Oil Prices Slump on Surprising Gas Supplies
Oil prices hung below $78 a barrel Thursday in Asia as an unexpected jump in U.S. gasoline supplies cast doubt on the strength of a ...
Q3 Data to Show Recession Ended but Doubts Persist
The economy appears back on its feet after being knocked over by the worst recession since the 1930s.
CIT Group Gets $4.5 Bil. More to Restructure Debt
CIT Group Inc., one of the nation's largest lenders to small and mid-sized businesses, said Wednesday it received $4.5 billion in credit from its own ...
New Home Sales Fall Unexpectedly
Shares of homebuilders slid Wednesday as new home sales dropped for the first time in five months.
GM to Post Sales Gains for First Time in 21 Months
General Motors Co. is likely to post its first year-over-year monthly sales gain in 21 months when automakers report sales figures on Tuesday, a top ...
China's Geely in Talks to Buy Volvo from Ford
Ford Motor Co. has picked a consortium led by China's Geely Group as the preferred bidder to buy its Swedish Volvo Cars unit, the U.S. ...
Japan Carmakers Report Record China Production
Japanese automakers are experiencing a production boom in China with Toyota, Honda and Nissan setting records for September — the latest signs of an emerging ...
Hulu May Start Charging for Video Access
Hulu, the free online video site where television shows and movies can be watched in their entirety, will start charging fees at some point, one ...
Ex-AMD CEO Fingered As Leaker in Galleon Case
Chip maker Advanced Micro Devices Inc. is "thoroughly reviewing" published reports fingering former chairman and CEO Hector Ruiz as the AMD executive who gave confidential ...
GMAC in Talks with Treasury for 3rd Round of Bailout
GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline ...
7 Calif Cities Top Nation in Median Home Values
Many college graduates are passing up industrial centers and former hotspots in the Southwest, which have been hit hard by the recession, in favor of ...
Bill Zeroes in on Overseas Tax-Dodge Schemes
Key lawmakers unveiled a bill Tuesday aiming to crack down on wealthy tax dodgers hiding money overseas.
IBM Adds $5 Bil. to Share Buyback Program
IBM Corp. has boosted its stock buyback program by $5 billion, a sign of the company's ability to spit out cash despite the fact the ...
Nissan Unveils New Platform for Global Minicars
It has become a vexing, billion-dollar question for the world's automakers: How do you build small, cheap cars profitably?
Honda Avoids Loss, Forecasts Surprising Profits
Japanese government incentives for green cars and strong sales in China helped Honda Motor Co. avoid red ink for the first half and raise its ...
Newspapers Report Record Circulation Losses
Circulation at newspapers shrank at an accelerated pace in the past six months, driven in part by stiff price increases imposed by publishers scrambling to ...
Recession Over but Suffering Continues
It's about to become official: The recession is over — but not the pain. The government will release figures this week expected to show that ...
Peanuts Have Crackerjack Year After Salmonella Scare
Go figure: Food makers processed more peanuts over the past year than nearly any other time on record despite a national salmonella outbreak blamed for ...
Morgan Stanley Sells Consumer Unit to Invesco
Morgan Stanley said Tuesday it will sell its retail asset management business, including the Van Kampen division, to money manager Invesco Ltd. for $1.5 billion ...
Apple Earnings Surge 47% on iPhone Sales
Apple Inc. increased its net income 47 percent in the most recent quarter as more people bought Mac computers and gave in to the iPhone ...
Stocks Rise as Earnings Beat Views
Investors found a fresh appetite for stocks Monday after a handful of earnings reports revived hopes that the economy is improving.
JAL Shares Surge on Gov't Rescue Plan
Shares of Japan Airlines surged nearly 12 percent Monday following a report the government is expediting a rescue for the struggling carrier.
China Growth Over 7% for Jan-Sept 2009
China's economy expanded more than 7 percent in the first nine months of the year and will certainly surpass the 2009 growth target of 8 ...
Asia Stocks Rise Eyeing U.S., China Earnings
Asian stock markets were mostly higher Monday as investors looked to bellwether U.S. companies and China for guideposts to the strength of recovery in two ...
Wall Street Awaits Earnings of Consumer Bellwethers
After getting worrisome signs about consumers from bankers' earnings reports, investors will be looking at a broad range of companies this week for further insights ...
Chevron Announces New Gas Find Off Australia
Energy company Chevron Corp. said Sunday it has made an additional discovery of natural gas in the giant Gorgon gas field being developed off the ...
States Sue Feds for Billions in Unclaimed Savings Bonds
The federal government is facing a lawsuit over billions in unclaimed bonds that date back to the patriotic fundraising efforts of World War II, leading ...
India's Natural Gas Tied Up by Brothers' $17 Bil. Fued
An ashen Anil Ambani, one of the world's richest men, stood before a clutter of television cameras, close to tears. "There is only pain, hurt ...
Honda May Move Fit Production to U.S.
Honda Motor Co. says it may move production of the popular Fit hatchback to the U.S. to offset the effects of a stronger yen. Spokesman ...
China to Open Stock Market for Small Firms
Trading on China's new stock market catering to smaller companies will begin Oct. 23, the chairman of the country's securities regulator said Saturday.
2009 Federal Deficit to Reach $1.4 Tril.
What is $1.42 trillion? It's more than the total national debt for the first 200 years of the Republic, more than the entire economy of ...
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
BOA Reports $2.2 Bil. Loss on Rising Bad Loans
Bank of America Corp. says it lost more than $2 billion in the third quarter as its loan losses continued to rise. The nation's second-largest ...
Recent Stories
- Zuckerberg Says Meta AI Agent Tech Progressing Slower Than Expected
- Japan's Services Activity Returned to Growth in June
- Air Force to Investigate Officer Who Called for Trump Impeachment
- How Americans Plan to Celebrate July 4th 250
- Tesla's China-Made EV Sales Jumped 24.4% on Year in June
- OpenAI Proposes AI Firms Hand 5% Stakes to US Government
- Microsoft Launches Firm to Help Companies Adopt AI with $2.5 Billion
- Rivian Raises 2026 Delivery Forecast on Strong Demand, R2 Boost
- US Job Growth Slowed in June but Unemployment Rate Fell to 4.2% As Labor Force Shrinks
- Tesla Posts Record Q2 Deliveries on Europe Sales Rebound