Asian Stocks Rise on Hope of More Fed Action
Asian stock markets advanced Tuesday as hopes for more action by the Federal Reserve to prop up the U.S. economy extended Wall Street's rally
Business
Lotte Group Buys Control of Pepsi Philippines
Lotte Chilsung Beverage, a Lotte Group affiliate, has paid $101 million for a controlling 34.4% stake in Pepsi-Cola Products Philippines (PCPP), becoming its largest
GM to Court SAIC, Other Foreign Investors for IPO
Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North
Cessna Blames Economy for Cutting 700 Jobs
Cessna Aircraft announced Tuesday it will cut another 700 jobs, saying it has not seen the growth and recovery that it expected this year.
World Stocks Rise on Oracle, RIM Earnings
World stock markets mostly rose Friday as positive earnings news from technology companies such as Oracle and BlackBerry maker Research
LG to Replace Electronics CEO with Group Chairman's Brother
South Korea's LG Electronics, the world's third-biggest maker of mobile phones, said its chief executive will be replaced by the brother
China Approves Local Branches for Taiwan Banks
China has given approval to four Taiwanese banks to set up branches on the mainland, a major step toward financial cooperation
Electric Carmaker BYD Takes Stake in Tibet Lithium Mine
Chinese battery and autos maker BYD Co. said Friday it has agreed to buy an 18 percent stake in a Tibetan-based lithium and boron miner
Playstation Move Gets Gamers Off Couch
Sony Corp. gets gamers off the couch with its new motion controller, the PlayStation Move.
Samsung Tablets to Be Sold by Top U.S. Wireless Carriers
Samsung says all four major U.S. wireless carriers will sell its iPad-like tablet computer in the coming months.
3-D Grabs Center Stage at Tokyo Game Show
The Tokyo Game Show has a lot of people wearing dark glasses this year, with the buzz turning 3-D at the annual event that brings ...
Improving Jobs Data Shrugged Off by Wall Street
A September rally driven by economic reports regularly beating modest expectations appears to be on hold Thursday even after a weekly report
U.S. Trade Deficit Surges on Strong Car, PC Demand
Americans' stronger appetites for imported goods, especially cars and computers, lifted the broadest measure of the U.S. trade deficit in the second
Philly Becomes Biggest U.S. City with Casino
Six years after the state Legislature legalized gambling, Philadelphia is set to become the largest U.S. city with a casino.
HSBC CEO to Leave After Losing Bid for Chairmanship
HSBC's chief executive has lost his bid to move up to chairman and will leave the bank by the end of the year, the Financial ...
German Business Mood Highest in 3 Years
German business confidence unexpectedly rose to its highest level in over three years in September as a stronger economy supported business
Japan Intervenes Again to Weaken Yen
Traders said the Bank of Japan intervened in the currency market to weaken the yen Friday for the second time in just over a week.
Jobless Claims Nudge Back Up to 465,000
The tally of newly laid-off workers requesting unemployment benefits rose last week for the first time in five weeks as the job market
Home Sales Rose to 2nd Lowest Level of Decade
Sales of previously occupied homes rose last month, but not enough to keep August from being the second-worst month for sales
Blockbuster Seeks Chapter 11 Protection
Troubled video-rental chain Blockbuster Inc. filed for Chapter 11 bankruptcy protection, and said it plans to keep stores and kiosks
France Hobbled by Strikes Over Retirement Age
French commuters squeezed onto limited trains or fought for rare parking spots Thursday as a second round of strikes against President Nicolas
Euro Slips on Weak Business Sentiment
The euro gave up some of its recent gains against the dollar Thursday as traders booked profits after a survey showed business sentiment
Small Business Bill Set for Passage Amid Tepid Interest
A long-delayed bill to help struggling small businesses with easier credit and other incentives to expand and hire new workers is poised to clear
Global Markets Dip Ahead of U.S Jobs Report
World markets mostly fell Thursday ahead of another set of U.S. jobs data and news that British retail sales fell in August for the first ...
Michael Dell Flashes 7-Inch Android Tablet
Dell is working on a 7-inch tablet that runs Google's Inc.'s Android operating software.
Adobe Profits Soar but Cautious on Outlook
Adobe Systems Inc. posted a 69 percent jump in quarterly net income Tuesday but its shares tumbled after the software company said its revenue
Yuan Hits New High As Dollar Weakens
The yuan hit a new high of 6.6997 against the U.S. dollar on Tuesday, the highest level since June 19 when China pledged to make ...
CarMax Posts Higher Profits on Strong Used-Car Sales
Used car dealership chain CarMax says its fiscal second-quarter net income rose 4.8 percent as an uncertain economy continued to boost sales
Asia Stocks Gain in Thin Holiday Trading
Asian stock markets posted modest gains in holiday-thinned trade Wednesday after the Federal Reserve expressed concern about the flailing
Twitter Hacker Causes Mischief with Feeds
A new way to cause mischief quickly spread through short-messaging service Twitter on Tuesday morning before the site could fix the problem
Stocks Tilt Back Up After Fed Speaks
Stocks and bonds rose Tuesday after the Federal Reserve said it was ready to provide more help to the economy if necessary.
MetroPCS Leads 4G Wireless Rollout in U.S.
MetroPCS Communications Inc., a regional cell phone company that mainly caters to low-income customers, on Tuesday became the first U.S. carrier
China Trade Surplus, Imports Both Surge in August
China's trade surplus hit its second-highest level this year in August, likely fueling U.S. demands for Beijing to ease currency controls.
YouTube Launches Live-Streaming Trial
YouTube is making its long expected foray into live streaming by launching an experimental trial with four new media partners.
Asian Stocks Rise on China Growth Data
Asian stock markets climbed Monday, encouraged by gains on Wall Street and Chinese economic indicators released over the weekend.
China Aggressive with Investments in Korea
A growing influx Chinese capital into Korea has begun reversing the traditional relationship between the two economies.
Nanowire Skin Lets Robots Sense Pressure Changes
Artificial "skin" developed by teams at UC Berkeley and Stanford will enable robots to adust theirs grips to be delicate enough to hold an egg
China Data Shows Economy Accelerated in August
August economic data shows that China grew at a higher-than-expected rate in fixed asset investment, industrial production, retail sales and new loans
HP Seeks to Buy Security Software Firm for $1.5 Bil.
Computer maker Hewlett-Packard Co. may be close to another major acquisition. The company is nearing a deal to buy security
China Inflation Rises on Soaring Food Prices
China's inflation edged higher in August as the nation's worst flooding in a decade drove an increase in food costs and industrial growth
Hyundai Sonata Poised to Pass Accord in U.S.
Hyundai's popular new Sonata is on track to overtake the Honda Accord in this year's U.S. sales according to recent dealership figures, reported Chosun Ilbo.
India's Juy Industrial Output Shot Past Projections
India's industrial output grew 13.8 percent in July — far more than expected — rebounding from a 13-month low in June and adding to pressure
Stimulus-Funded Batteries Polarize Economic Debate
The first wave of mass-produced advanced batteries funded by the Obama administration's economic recovery program is starting
Japan's Q2 Growth Was Much Higher Than Thought
Japan's economy wasn't quite as weak in the second quarter as first thought but faces a murky outlook, the government said Friday
Facebook Passes Google in Time Spent Online
U.S. Web surfers are spending more time socializing on Facebook than searching with Google, according to new data from researchers
U.S. Jobs, Trade Data Lift World Markets
Stock markets in Europe and the U.S. spiked higher Thursday after better than expected U.S. jobs and trade data further eased concerns
Hyundai Debuts Korea's First Electric Car
Hyundai Motor unveiled its first electric car Thursday — the BlueOn — as it moves to catch up with Japanese rivals that have jumped ahead ...
India Car Sales Hit Record in August
Car sales in India surged to a record for a second straight month in August on strong demand before the holiday season, despite rising
ANA Debuts Japan's First Low-Cost Carrier
Japanese carrier All Nippon Airways said Thursday it's setting up Japan's first low-cost carrier, potentially making flights between Osaka and Tokyo
Korea Keeps Rates Low on Global Slowing Worries
South Korea's central bank left its key interest rate near a record low Thursday for a second straight month as the risk of slowing global ...
Asian Stocks Rise on Hope of More Fed Action
Asian stock markets advanced Tuesday as hopes for more action by the Federal Reserve to prop up the U.S. economy extended Wall Street's rally
Lotte Group Buys Control of Pepsi Philippines
Lotte Chilsung Beverage, a Lotte Group affiliate, has paid $101 million for a controlling 34.4% stake in Pepsi-Cola Products Philippines (PCPP), becoming its largest
GM to Court SAIC, Other Foreign Investors for IPO
Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North
Cessna Blames Economy for Cutting 700 Jobs
Cessna Aircraft announced Tuesday it will cut another 700 jobs, saying it has not seen the growth and recovery that it expected this year.
World Stocks Rise on Oracle, RIM Earnings
World stock markets mostly rose Friday as positive earnings news from technology companies such as Oracle and BlackBerry maker Research
LG to Replace Electronics CEO with Group Chairman's Brother
South Korea's LG Electronics, the world's third-biggest maker of mobile phones, said its chief executive will be replaced by the brother
China Approves Local Branches for Taiwan Banks
China has given approval to four Taiwanese banks to set up branches on the mainland, a major step toward financial cooperation
Electric Carmaker BYD Takes Stake in Tibet Lithium Mine
Chinese battery and autos maker BYD Co. said Friday it has agreed to buy an 18 percent stake in a Tibetan-based lithium and boron miner
Playstation Move Gets Gamers Off Couch
Sony Corp. gets gamers off the couch with its new motion controller, the PlayStation Move.
Samsung Tablets to Be Sold by Top U.S. Wireless Carriers
Samsung says all four major U.S. wireless carriers will sell its iPad-like tablet computer in the coming months.
3-D Grabs Center Stage at Tokyo Game Show
The Tokyo Game Show has a lot of people wearing dark glasses this year, with the buzz turning 3-D at the annual event that brings ...
Improving Jobs Data Shrugged Off by Wall Street
A September rally driven by economic reports regularly beating modest expectations appears to be on hold Thursday even after a weekly report
U.S. Trade Deficit Surges on Strong Car, PC Demand
Americans' stronger appetites for imported goods, especially cars and computers, lifted the broadest measure of the U.S. trade deficit in the second
Philly Becomes Biggest U.S. City with Casino
Six years after the state Legislature legalized gambling, Philadelphia is set to become the largest U.S. city with a casino.
HSBC CEO to Leave After Losing Bid for Chairmanship
HSBC's chief executive has lost his bid to move up to chairman and will leave the bank by the end of the year, the Financial ...
German Business Mood Highest in 3 Years
German business confidence unexpectedly rose to its highest level in over three years in September as a stronger economy supported business
Japan Intervenes Again to Weaken Yen
Traders said the Bank of Japan intervened in the currency market to weaken the yen Friday for the second time in just over a week.
Jobless Claims Nudge Back Up to 465,000
The tally of newly laid-off workers requesting unemployment benefits rose last week for the first time in five weeks as the job market
Home Sales Rose to 2nd Lowest Level of Decade
Sales of previously occupied homes rose last month, but not enough to keep August from being the second-worst month for sales
Blockbuster Seeks Chapter 11 Protection
Troubled video-rental chain Blockbuster Inc. filed for Chapter 11 bankruptcy protection, and said it plans to keep stores and kiosks
France Hobbled by Strikes Over Retirement Age
French commuters squeezed onto limited trains or fought for rare parking spots Thursday as a second round of strikes against President Nicolas
Euro Slips on Weak Business Sentiment
The euro gave up some of its recent gains against the dollar Thursday as traders booked profits after a survey showed business sentiment
Small Business Bill Set for Passage Amid Tepid Interest
A long-delayed bill to help struggling small businesses with easier credit and other incentives to expand and hire new workers is poised to clear
Global Markets Dip Ahead of U.S Jobs Report
World markets mostly fell Thursday ahead of another set of U.S. jobs data and news that British retail sales fell in August for the first ...
Michael Dell Flashes 7-Inch Android Tablet
Dell is working on a 7-inch tablet that runs Google's Inc.'s Android operating software.
Adobe Profits Soar but Cautious on Outlook
Adobe Systems Inc. posted a 69 percent jump in quarterly net income Tuesday but its shares tumbled after the software company said its revenue
Yuan Hits New High As Dollar Weakens
The yuan hit a new high of 6.6997 against the U.S. dollar on Tuesday, the highest level since June 19 when China pledged to make ...
CarMax Posts Higher Profits on Strong Used-Car Sales
Used car dealership chain CarMax says its fiscal second-quarter net income rose 4.8 percent as an uncertain economy continued to boost sales
Asia Stocks Gain in Thin Holiday Trading
Asian stock markets posted modest gains in holiday-thinned trade Wednesday after the Federal Reserve expressed concern about the flailing
Twitter Hacker Causes Mischief with Feeds
A new way to cause mischief quickly spread through short-messaging service Twitter on Tuesday morning before the site could fix the problem
Stocks Tilt Back Up After Fed Speaks
Stocks and bonds rose Tuesday after the Federal Reserve said it was ready to provide more help to the economy if necessary.
MetroPCS Leads 4G Wireless Rollout in U.S.
MetroPCS Communications Inc., a regional cell phone company that mainly caters to low-income customers, on Tuesday became the first U.S. carrier
China Trade Surplus, Imports Both Surge in August
China's trade surplus hit its second-highest level this year in August, likely fueling U.S. demands for Beijing to ease currency controls.
YouTube Launches Live-Streaming Trial
YouTube is making its long expected foray into live streaming by launching an experimental trial with four new media partners.
Asian Stocks Rise on China Growth Data
Asian stock markets climbed Monday, encouraged by gains on Wall Street and Chinese economic indicators released over the weekend.
China Aggressive with Investments in Korea
A growing influx Chinese capital into Korea has begun reversing the traditional relationship between the two economies.
Nanowire Skin Lets Robots Sense Pressure Changes
Artificial "skin" developed by teams at UC Berkeley and Stanford will enable robots to adust theirs grips to be delicate enough to hold an egg
China Data Shows Economy Accelerated in August
August economic data shows that China grew at a higher-than-expected rate in fixed asset investment, industrial production, retail sales and new loans
HP Seeks to Buy Security Software Firm for $1.5 Bil.
Computer maker Hewlett-Packard Co. may be close to another major acquisition. The company is nearing a deal to buy security
China Inflation Rises on Soaring Food Prices
China's inflation edged higher in August as the nation's worst flooding in a decade drove an increase in food costs and industrial growth
Hyundai Sonata Poised to Pass Accord in U.S.
Hyundai's popular new Sonata is on track to overtake the Honda Accord in this year's U.S. sales according to recent dealership figures, reported Chosun Ilbo.
India's Juy Industrial Output Shot Past Projections
India's industrial output grew 13.8 percent in July — far more than expected — rebounding from a 13-month low in June and adding to pressure
Stimulus-Funded Batteries Polarize Economic Debate
The first wave of mass-produced advanced batteries funded by the Obama administration's economic recovery program is starting
Japan's Q2 Growth Was Much Higher Than Thought
Japan's economy wasn't quite as weak in the second quarter as first thought but faces a murky outlook, the government said Friday
Facebook Passes Google in Time Spent Online
U.S. Web surfers are spending more time socializing on Facebook than searching with Google, according to new data from researchers
U.S. Jobs, Trade Data Lift World Markets
Stock markets in Europe and the U.S. spiked higher Thursday after better than expected U.S. jobs and trade data further eased concerns
Hyundai Debuts Korea's First Electric Car
Hyundai Motor unveiled its first electric car Thursday — the BlueOn — as it moves to catch up with Japanese rivals that have jumped ahead ...
India Car Sales Hit Record in August
Car sales in India surged to a record for a second straight month in August on strong demand before the holiday season, despite rising
ANA Debuts Japan's First Low-Cost Carrier
Japanese carrier All Nippon Airways said Thursday it's setting up Japan's first low-cost carrier, potentially making flights between Osaka and Tokyo
Korea Keeps Rates Low on Global Slowing Worries
South Korea's central bank left its key interest rate near a record low Thursday for a second straight month as the risk of slowing global ...
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