Panasonic Opens Bid to Take Over Sanyo
Panasonic Corp. said Thursday it has started its bid to take over smaller rival Sanyo Electric Co. for an estimated 402 billion yen ($4.4 billion), ...
Business
Cisco Forecasts 1st Revenue Growth in Year
Cisco Systems Inc. doesn't want Wall Street to interpret its forecast for its first quarterly revenue growth in a year as evidence that the U.S. ...
Toyota Announces Surprise Profits, Ups Forecast
Toyota Motor Corp. announced Thursday a surprise profit last quarter and trimmed its projected red ink for the year, underlining the gradual recovery
China Partners with Statoil in Gulf Licenses
Norwegian oil company Statoil ASA agreed last month to sell part of its interests in the U.S. Gulf of Mexico to the China National Offshore ...
Windows 7 Sales Fantastic in Japan Says Ballmer
Sales of Microsoft Corp.'s new Windows 7 operating system have been "fantastic" in Japan since its launch last month, CEO Steve Ballmer said Thursday.
PayPal May Soon Overshadow Parent eBay
Most people know eBay Inc. for its online marketplace, where deals abound on everything from gadgets to antique furniture. But soon, eBay's biggest business will ...
GM Decision to Keep Opel Arouses Indignation
Workers at automaker Opel planned walkouts to protest General Motor Co.'s decision not to sell the European subsidiary, while Germany's government vowed Wednesday to recover ...
Nissan Returns to Profit on China Sales Growth
Struggling Japanese automaker Nissan Motor Co. said Wednesday it climbed back into the black in the latest quarter and predicted a smaller yearly loss
iPhone Has Disappointing China Debut
Apple Inc.'s local partner has sold 5,000 iPhones since the smart phone's formal weekend debut in China, a lackluster start after analysts warned the company ...
Top Russian Tycoon to Buy New Jersey Nets
Could the New Jersey Nets become the Nyets? The basketball team once known as the New Jersey Americans is a step closer to being owned ...
China to Top Global Auto Sales in 2009
China's auto sales should soar to 12.6 million units this year, up 35 percent from 2008, boosted by subsidies that the industry is lobbying Beijing ...
China Ties Banker Pay to Risk, Rejects Caps
China plans to link the pay of bankers to risks taken by their institutions but has no plans for salary caps, a government spokeswoman said ...
Ford Ramps Up China Expansion with 3rd Plant
Ford Motor Co. said Thursday it will invest $490 million to build an assembly plant in China to produce the next-generation Focus compact car, which ...
Rim Outlook Weak on New Phone Delays
BlackBerry maker Research In Motion Ltd. reported a drop in fiscal second-quarter profit Thursday because of charges for a patent settlement and said revenue for ...
Stocks Fall After Home Sales Data Shows Drop
Investors pulled away from stocks after an unexpected drop in home sales and a slide in oil prices fanned worries about the pace of the ...
World Stocks Fall on Jitters Over Possible Stimulus Cuts
World stock markets fell Thursday amid a big drop in oil prices and as investors worried that support measures for the fragile global economy will ...
Japan Air Lines Seeks Bailout
The president of Japan Airlines said Thursday the money-losing carrier is applying for public funds to help turn around a company that's been pummeled by ...
Falling Exports Keep Japan Mired in Recession
Japan's exports tumbled 36 percent in August — with car shipments falling by half — and imports also contracted sharply, the government said Thursday, showing ...
Honda Introduces Tiny Personal Mobility Device
Honda's new "personal mobility" device looks like a unicycle, but all you need to do to zip around on it — sideways as well as ...
Baidu Founder Robin Li a Rock Star in Google Country
The billionaire founder of a popular search engine drew a big crowd Wednesday at Stanford University — and it wasn't one of the guys that ...
New Home Sales Rise but Below Expectations
New U.S. home sales posted a tepid 0.7 percent increase last month, missing Wall Street expectations and providing more evidence that the housing market recovery ...
Stocks Take Break from Rally Ahead of Fed Decision
Stock futures are creeping higher Wednesday as investors await the Federal Reserve's decision on interest rates. Markets overseas were mixed. Asian markets fell slightly overnight, ...
Choosy McDonald's Sets Rules for Potato Farmers
From the fields of Idaho to tasting rooms in suburban Chicago, potato farmers, researchers and industry representatives are in the midst of an elusive hunt: ...
Fed Likely to Leave Supports in Place
Nurturing a nascent recovery, Federal Reserve policymakers are sure to leave a key interest rate at a record low and probably will keep other economic ...
Ford Adds Low-Cost Compact to India Lineup
Ford Motor Co. will manufacture a low-cost compact car in India from early next year, the automaker said Wednesday, as it seeks to boost sales ...
Yahoo to Spend $100 Mil. to Build Brand Buzz
Yahoo Inc. believes a lot of its good work has been overlooked by investors and the media so it's spending more than $100 million to ...
World Stocks Gain on Upbeat Asia Assessment
European stock markets followed Asia higher on Tuesday after the Asian Development Bank upgraded its growth forecasts for major economies like China and India and ...
Suntory Bids $2.7 Bil. for European Drink Maker Orangina
Japan's Suntory Holdings has made a binding offer to buy European drink maker Orangina from private equity firms Blackstone and Lion Capital, the equity firms ...
Singapore Cuts Citigroup Holdings to Below 5%
A Singapore sovereign wealth fund said Tuesday it has cut its stake in Citigroup Inc. from 9 percent to below 5 percent, reducing its holding ...
Facebook Scraps Beacon Tracking to Settle Lawsuits
Facebook is shutting down its much-maligned Beacon marketing program, launched nearly two years ago amid fanfare only to generate a storm of privacy complaints over ...
California Tax Panel Recommends Total Overhaul
A commission charged with reforming California's tax structure will recommend repealing the state sales and corporate taxes, flattening the income tax rate and taxing businesses ...
CIT May File Chapt. 11 If Lender Meeting Fails
CIT Group Inc.'s shares soared Tuesday on a report that hedge fund manager John Paulson is considering merging the troubled finance company with failed mortgage ...
China Romantic Comedy Gets Fox Investment
Fox Filmed Entertainment says it has invested in its first Chinese film, becoming the latest Hollywood studio to enter the booming mainland movie market. The ...
AT&T to Sell Garmin GPS-Hybrid Nuvifone
After more than a year of delays, Garmin Ltd.'s GPS unit/wireless device hybrid nuvifone is finally going on sale in the U.S. Garmin, based in ...
Leading China Filmmaker Plans $91 Mil. IPO
Huayi Brothers, one of China's leading filmmakers, has listed itself on ChiNext with an eye toward raising 620 million Chinese yuan ($91 million) in an ...
Warner to Return Music to YouTube Under New Deal
Warner Music Group Corp. has agreed to return songs and music videos from its artists to the YouTube video site, after a monthslong boycott over ...
Singapore Recoups Half of Big Loss from Crash
Singapore state investment company GIC said Tuesday its investments fell more than 20 percent in the 12 months ending March, but have recovered more than ...
Asian Stocks Rise on Yen Fall, Wall Street Jump
Asian stocks bounced back Tuesday as big corporate takeovers in the U.S. gave investors a new shot of confidence and the yen retreated from a ...
CNN to Charge Fee to Download Its iPhone App
CNN is coming out with an iPhone application Tuesday that has a feature few other news apps have tried: a price tag. There's been a ...
Japan Fears Deflation on Record Drop in Prices
The government says prices in Japan tumbled at a record pace in August amid growing worries about jobs and wages. The country's core consumer price ...
August Leading Indicators Higher Than Forecast
A private forecast of economic activity rose in August for the fifth straight month, the latest sign the recession has ended. The Conference Board said ...
China Gives Bombardier $4 Bil. Hi-Speed Train Contract
Train maker Bombardier Inc. said Monday its Chinese joint venture has been awarded a $4 billion contract to build 80 high-speed trains for China's railway ...
Asian Stocks Fall on Strengthening Currencies
World stocks fell Monday after disappointing data from the U.S. undermined hopes of a fast economic recovery and a sharp strengthening in Asian currencies hurt ...
Fox Cable News Wins Big by Catering to Angry Wingnuts
Amplifying the nation's political division has been good business for Fox News Channel and MSNBC during this season of anger — but it may come ...
Xerox to Buy Affiliated Computer Svcs for $5.75 Bil.
Xerox has announced a deal to buy the business processing company Affiliated Computer Services for about $5.75 billion.
Airlines Add Baggage Fees to Europe, India, Canada
The big U.S. airlines are charging baggage fees on some international flights, generally coach tickets between Europe and the U.S. or Canada. What you should ...
China's Richest Communists Celebrate 60th Birthday
Public loudspeakers in the central square blare the village anthem hourly: "If you want to see a miracle, come to Huaxi." Not that any reminders ...
China Industrial Profits, Growth Improve in Q2
Profits at China's oil producers, steel makers and other major industrial companies fell 10.6 percent in the first eight months of 2009 from the same ...
Japan to Rescue, Restructure JAL
Japan's transport minister said Sunday he will not force the struggling Japan Airlines, Asia's biggest airline, into bankruptcy. "We will not crush and liquidate (the ...
U.S. Banks Earned $5.2 Bil. Trading Derivatives in Q2
U.S. commercial banks earned $5.2 billion trading derivatives in the second quarter, as the level of risk eased in the global market for the complex ...
Panasonic Opens Bid to Take Over Sanyo
Panasonic Corp. said Thursday it has started its bid to take over smaller rival Sanyo Electric Co. for an estimated 402 billion yen ($4.4 billion), ...
Cisco Forecasts 1st Revenue Growth in Year
Cisco Systems Inc. doesn't want Wall Street to interpret its forecast for its first quarterly revenue growth in a year as evidence that the U.S. ...
Toyota Announces Surprise Profits, Ups Forecast
Toyota Motor Corp. announced Thursday a surprise profit last quarter and trimmed its projected red ink for the year, underlining the gradual recovery
China Partners with Statoil in Gulf Licenses
Norwegian oil company Statoil ASA agreed last month to sell part of its interests in the U.S. Gulf of Mexico to the China National Offshore ...
Windows 7 Sales Fantastic in Japan Says Ballmer
Sales of Microsoft Corp.'s new Windows 7 operating system have been "fantastic" in Japan since its launch last month, CEO Steve Ballmer said Thursday.
PayPal May Soon Overshadow Parent eBay
Most people know eBay Inc. for its online marketplace, where deals abound on everything from gadgets to antique furniture. But soon, eBay's biggest business will ...
GM Decision to Keep Opel Arouses Indignation
Workers at automaker Opel planned walkouts to protest General Motor Co.'s decision not to sell the European subsidiary, while Germany's government vowed Wednesday to recover ...
Nissan Returns to Profit on China Sales Growth
Struggling Japanese automaker Nissan Motor Co. said Wednesday it climbed back into the black in the latest quarter and predicted a smaller yearly loss
iPhone Has Disappointing China Debut
Apple Inc.'s local partner has sold 5,000 iPhones since the smart phone's formal weekend debut in China, a lackluster start after analysts warned the company ...
Top Russian Tycoon to Buy New Jersey Nets
Could the New Jersey Nets become the Nyets? The basketball team once known as the New Jersey Americans is a step closer to being owned ...
China to Top Global Auto Sales in 2009
China's auto sales should soar to 12.6 million units this year, up 35 percent from 2008, boosted by subsidies that the industry is lobbying Beijing ...
China Ties Banker Pay to Risk, Rejects Caps
China plans to link the pay of bankers to risks taken by their institutions but has no plans for salary caps, a government spokeswoman said ...
Ford Ramps Up China Expansion with 3rd Plant
Ford Motor Co. said Thursday it will invest $490 million to build an assembly plant in China to produce the next-generation Focus compact car, which ...
Rim Outlook Weak on New Phone Delays
BlackBerry maker Research In Motion Ltd. reported a drop in fiscal second-quarter profit Thursday because of charges for a patent settlement and said revenue for ...
Stocks Fall After Home Sales Data Shows Drop
Investors pulled away from stocks after an unexpected drop in home sales and a slide in oil prices fanned worries about the pace of the ...
World Stocks Fall on Jitters Over Possible Stimulus Cuts
World stock markets fell Thursday amid a big drop in oil prices and as investors worried that support measures for the fragile global economy will ...
Japan Air Lines Seeks Bailout
The president of Japan Airlines said Thursday the money-losing carrier is applying for public funds to help turn around a company that's been pummeled by ...
Falling Exports Keep Japan Mired in Recession
Japan's exports tumbled 36 percent in August — with car shipments falling by half — and imports also contracted sharply, the government said Thursday, showing ...
Honda Introduces Tiny Personal Mobility Device
Honda's new "personal mobility" device looks like a unicycle, but all you need to do to zip around on it — sideways as well as ...
Baidu Founder Robin Li a Rock Star in Google Country
The billionaire founder of a popular search engine drew a big crowd Wednesday at Stanford University — and it wasn't one of the guys that ...
New Home Sales Rise but Below Expectations
New U.S. home sales posted a tepid 0.7 percent increase last month, missing Wall Street expectations and providing more evidence that the housing market recovery ...
Stocks Take Break from Rally Ahead of Fed Decision
Stock futures are creeping higher Wednesday as investors await the Federal Reserve's decision on interest rates. Markets overseas were mixed. Asian markets fell slightly overnight, ...
Choosy McDonald's Sets Rules for Potato Farmers
From the fields of Idaho to tasting rooms in suburban Chicago, potato farmers, researchers and industry representatives are in the midst of an elusive hunt: ...
Fed Likely to Leave Supports in Place
Nurturing a nascent recovery, Federal Reserve policymakers are sure to leave a key interest rate at a record low and probably will keep other economic ...
Ford Adds Low-Cost Compact to India Lineup
Ford Motor Co. will manufacture a low-cost compact car in India from early next year, the automaker said Wednesday, as it seeks to boost sales ...
Yahoo to Spend $100 Mil. to Build Brand Buzz
Yahoo Inc. believes a lot of its good work has been overlooked by investors and the media so it's spending more than $100 million to ...
World Stocks Gain on Upbeat Asia Assessment
European stock markets followed Asia higher on Tuesday after the Asian Development Bank upgraded its growth forecasts for major economies like China and India and ...
Suntory Bids $2.7 Bil. for European Drink Maker Orangina
Japan's Suntory Holdings has made a binding offer to buy European drink maker Orangina from private equity firms Blackstone and Lion Capital, the equity firms ...
Singapore Cuts Citigroup Holdings to Below 5%
A Singapore sovereign wealth fund said Tuesday it has cut its stake in Citigroup Inc. from 9 percent to below 5 percent, reducing its holding ...
Facebook Scraps Beacon Tracking to Settle Lawsuits
Facebook is shutting down its much-maligned Beacon marketing program, launched nearly two years ago amid fanfare only to generate a storm of privacy complaints over ...
California Tax Panel Recommends Total Overhaul
A commission charged with reforming California's tax structure will recommend repealing the state sales and corporate taxes, flattening the income tax rate and taxing businesses ...
CIT May File Chapt. 11 If Lender Meeting Fails
CIT Group Inc.'s shares soared Tuesday on a report that hedge fund manager John Paulson is considering merging the troubled finance company with failed mortgage ...
China Romantic Comedy Gets Fox Investment
Fox Filmed Entertainment says it has invested in its first Chinese film, becoming the latest Hollywood studio to enter the booming mainland movie market. The ...
AT&T to Sell Garmin GPS-Hybrid Nuvifone
After more than a year of delays, Garmin Ltd.'s GPS unit/wireless device hybrid nuvifone is finally going on sale in the U.S. Garmin, based in ...
Leading China Filmmaker Plans $91 Mil. IPO
Huayi Brothers, one of China's leading filmmakers, has listed itself on ChiNext with an eye toward raising 620 million Chinese yuan ($91 million) in an ...
Warner to Return Music to YouTube Under New Deal
Warner Music Group Corp. has agreed to return songs and music videos from its artists to the YouTube video site, after a monthslong boycott over ...
Singapore Recoups Half of Big Loss from Crash
Singapore state investment company GIC said Tuesday its investments fell more than 20 percent in the 12 months ending March, but have recovered more than ...
Asian Stocks Rise on Yen Fall, Wall Street Jump
Asian stocks bounced back Tuesday as big corporate takeovers in the U.S. gave investors a new shot of confidence and the yen retreated from a ...
CNN to Charge Fee to Download Its iPhone App
CNN is coming out with an iPhone application Tuesday that has a feature few other news apps have tried: a price tag. There's been a ...
Japan Fears Deflation on Record Drop in Prices
The government says prices in Japan tumbled at a record pace in August amid growing worries about jobs and wages. The country's core consumer price ...
August Leading Indicators Higher Than Forecast
A private forecast of economic activity rose in August for the fifth straight month, the latest sign the recession has ended. The Conference Board said ...
China Gives Bombardier $4 Bil. Hi-Speed Train Contract
Train maker Bombardier Inc. said Monday its Chinese joint venture has been awarded a $4 billion contract to build 80 high-speed trains for China's railway ...
Asian Stocks Fall on Strengthening Currencies
World stocks fell Monday after disappointing data from the U.S. undermined hopes of a fast economic recovery and a sharp strengthening in Asian currencies hurt ...
Fox Cable News Wins Big by Catering to Angry Wingnuts
Amplifying the nation's political division has been good business for Fox News Channel and MSNBC during this season of anger — but it may come ...
Xerox to Buy Affiliated Computer Svcs for $5.75 Bil.
Xerox has announced a deal to buy the business processing company Affiliated Computer Services for about $5.75 billion.
Airlines Add Baggage Fees to Europe, India, Canada
The big U.S. airlines are charging baggage fees on some international flights, generally coach tickets between Europe and the U.S. or Canada. What you should ...
China's Richest Communists Celebrate 60th Birthday
Public loudspeakers in the central square blare the village anthem hourly: "If you want to see a miracle, come to Huaxi." Not that any reminders ...
China Industrial Profits, Growth Improve in Q2
Profits at China's oil producers, steel makers and other major industrial companies fell 10.6 percent in the first eight months of 2009 from the same ...
Japan to Rescue, Restructure JAL
Japan's transport minister said Sunday he will not force the struggling Japan Airlines, Asia's biggest airline, into bankruptcy. "We will not crush and liquidate (the ...
U.S. Banks Earned $5.2 Bil. Trading Derivatives in Q2
U.S. commercial banks earned $5.2 billion trading derivatives in the second quarter, as the level of risk eased in the global market for the complex ...
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