Diesel Shortage Disrupts China Economy
Aggravated Chinese truck drivers parked for hours to buy rationed diesel Monday as shortages blamed on a government conservation campaign
Business
New Grand Cherokee Boosts Chrysler Sales
Chrysler cut its losses in half between the second and third quarters as a new version of the Jeep Grand Cherokee notched strong sales. The ...
Tata Motors Profits Surge on Jaguar, Land Rover Sales
Tata Motors' consolidated profits surged on robust global demand for Jaguar and Land Rover as the once-troubled luxury brands enjoyed their
Korean Battery Picked for Chrysler Electric Car
SB LiMotive announced Sunday that it will supply the lithium-ion batteries that will power Chrysler's Fiat 500 EV electric car scheduled for 2012 debut.
Economy Recovers but New Spending Habits Linger
Layaway, once the province of the poor, has gone mainstream. At the Mall of America in Minnesota, shoppers dart in for just one or two ...
Pending Home Sales Drop in September
The number of people who signed contracts to buy homes fell in September after two months of gains, a possible fallout from foreclosure moratoriums
Private Employers Added 159,000 Workers in Oct.
The economy generated a net gain in jobs for the first time in five months in October, as businesses stepped up their painfully slow pace ...
Toyota Profits Quadruple to $1.2 Bil.
Toyota's second quarter profit more than quadrupled on a sales recovery despite lingering worries about the quality of its cars after massive recalls.
Bridgestone Returns to Profit on Tire Demand
Bridgestone Corp. said Friday its earnings are continuing to recover this year as demand for its tires improves, especially at home in Japan.
Shanghai Readies Deal for Next Disneyland
Just days after Shanghai wrapped up its role as host to the World Expo, China's commercial capital is setting its sights on another big tourism ...
GM Leads IPO Pitch with China Growth
General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company's chief financial officer said Thursday
Foreclosures Fall 9% on Procedural Hitch
The number of U.S. homes repossessed by lenders last month fell by the sharpest margin this year, as several major lenders temporarily halted most
Newsweek Merges with Tina Brown's Daily Beast
Newsweek, a 77-year-old magazine that once helped set the national news agenda, is linking its future with a startup website just two years in the ...
Eurozone Growth Slows to 0.4%
Economic growth in the 16 countries that use the euro fell by more than half in the third quarter of the year, official figures showed ...
Shanghai Stocks Plunge on China Rate Hike Fears
Chinese shares led world markets lower Friday amid mounting concerns Beijing will raise interest rates to cool its overheating economy.
Airbus Parent Returns to Profit
Airbus' parent company EADS NV reported a narrow third-quarter profit on Friday, rebounding from a loss a year earlier as the commercial plane-making
Toyoda, Musk Cement Ties Over Pimped-Out Tesla
The usually grim-faced Toyota President Akio Toyoda was all smiles Friday, trumpeting a newfound friendship with U.S. luxury electric carmaker Tesla.
Nissan Recalls 600,000 Cars for Steering, Battery Cable
Nissan Motor Co. is recalling more than 600,000 vehicles in North and South America and Africa due to steering or battery cable problems.
Cisco Shortfall Seen As Tech Sector Omen
A gloomy outlook from Cisco Systems Inc. is shaking some investors' faith in the strength of the technology industry's recovery.
Phone Books Soon to Become Cultural Relics
What's black and white and read all over? Not the white pages, which is why regulators have begun granting telecommunications companies the go-ahead
Bollywood Takes Bigger Role in Hollywood
Hollywood and Bollywood have come together to create a Los Angeles-India Film Council to attract more Indian moviemakers to L.A.
Xerox Profits Double on ACS Acquisition
Xerox said Thursday it doubled its profit in the third quarter, helped by surging demand for its copying equipment and double-digit growth
Cisco Outlook Raises Fears of Slipping Competitiveness
Cisco Systems Inc. has given a disappointing sales forecast for the second quarter in a row, raising doubts about the network equipment maker's
Budget Deficit Hits $140.4 Bil. for October
The federal government began the new budget year with a deficit that fell 20 percent from a year ago but still the third highest October ...
Bullish Google Gives 10% Raise to Everyone
Google Inc. is showing it still knows how to make its employees feel special: It is giving all 23,300 of them 10 percent raises next ...
Jobless Claims Fall to Lowest Level in 4 Months
Fewer people applied for unemployment aid last week, the third drop in four weeks.
Nikkei, KOSPI Up As China Tightens Bank Lending
World markets mostly fell Wednesday after China's central bank announced it will raise the amount of cash that banks have to hold in reserve
Boeing 787 Test Flight Makes Emergency Landing
A Boeing 787 jetliner on a test flight over Texas made an emergency landing Tuesday after smoke was detected in the main cabin, the latest ...
Vietnam Left Out of Foreign Capital Inflows
Vietnam isn't experiencing the growing influx of foreign investment capital of its southeast Asian neighbors, apparently due to the perceived risk
Overseas Filipinos to Remit $21.3 Bil. in 2010
Overseas Filipino Workers (OFW) will remit $21.3 bil. this year, making the Philippines the world's fourth biggest recipient of remittances, according to the World
Japan Cuts Key Interest Rate to Near Zero
Japan's central bank has cut its key interest rate to a range of zero to 0.1 percent, effectively introducing a zero interest rate policy.
China Growth to Offset U.S. Weakness Says IMF
The global economy will likely strengthen the rest of this year and in 2011 as China and other emerging powers offset weakness in the United ...
J&J Buys Dutch Biotech Crucell for $2.41 Bil.
Johnson & Johnson said Wednesday it is buying Crucell N.V. for about $2.41 billion in a move that will boost the American health care company's
Costco Income Rises on Overseas Strength
Increased revenue from selling memberships and strength overseas helped push Costco Wholesale Corp.'s net income up 16 percent
Asia, Europe Stocks Rally on Fed Rate Cut Hopes
Global stock markets extended their rally Wednesday as investors remained hopeful that the Federal Reserve will introduce more monetary
Retail Sales Rose Modestly in September
Americans kept spending carefully last month, buying electronics and back-to-school clothes but holding back on luxuries.
Ford to Cut Lincoln Dealerships to Revitalize Brand
Ford Motor Co. plans to eliminate more than a third of its Lincoln dealers as part of its effort to revive the luxury brand, according ...
Service Sector Grew in September for 9th Straight Month
The U.S. service sector, the nation's predominate employer, expanded in September for a ninth straight month, although the growth has not been consistent
Japanese Stocks Lead World Markets After Rate Cut
Japanese stocks led world markets higher Tuesday after the country's central bank surprised investors by effectively cutting its main interest rate
Eurozone Retail Sales Fell Unexpectedly in August
Retail sales in the 16 countries that use the euro unexpectedly fell during August, official figures showed Tuesday, in another sign
Fitch Downgrades Ireland Credit Rating
Ratings agency Fitch cut Ireland's credit worthiness another notch Wednesday, citing the country's long fight to emerge from record deficits
Content Partners Sign Up for Google TV's October Launch
Google Inc.'s effort to wed Web surfing with television viewing is gathering more support from major media outlets that distribute some
Foreigners Find Irresistable Deals in U.S. Housing Bust
The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom.
Feds Sue 3 Major Credit Card Cos., Settle with 2
The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement
Toyota Repaired 3.7 Mil. Cars Under Recalls
Toyota Motor Corp. said Monday it had fixed about 3.7 million vehicles in the United States as part of its massive safety recalls, citing progress
Poor Americans Bear High Cost of Going Bankless
The nickel-and-diming never stopped. The fees were constant: $28 to cash a paycheck. $1.50 for a money order.
Asia Stocks Up, Europe Down Ahead of U.S. Data
The continued relative strength of the yen hurt Japanese stocks earlier and the Nikkei 225 stock average closed down 23.17 points
Sanofi-Aventis Launches Hostile Bid for Genzyme
France's Sanofi-Aventis on Monday launched an $18.5 billion hostile takeover offer for Genzyme Corp., stepping up its effort to capture
Toshiba Unveils Glasses-Free 3-D TVs
Toshiba Corp. believes it has a solution for television viewers who like 3-D but hate the glasses.
Verizon Wireless May Refund $90 Mil. in Web Fees
Verizon Wireless could pay out up to $90 million in refunds to cell phone customers who were improperly charged for inadvertent Web access or data
Diesel Shortage Disrupts China Economy
Aggravated Chinese truck drivers parked for hours to buy rationed diesel Monday as shortages blamed on a government conservation campaign
New Grand Cherokee Boosts Chrysler Sales
Chrysler cut its losses in half between the second and third quarters as a new version of the Jeep Grand Cherokee notched strong sales. The ...
Tata Motors Profits Surge on Jaguar, Land Rover Sales
Tata Motors' consolidated profits surged on robust global demand for Jaguar and Land Rover as the once-troubled luxury brands enjoyed their
Korean Battery Picked for Chrysler Electric Car
SB LiMotive announced Sunday that it will supply the lithium-ion batteries that will power Chrysler's Fiat 500 EV electric car scheduled for 2012 debut.
Economy Recovers but New Spending Habits Linger
Layaway, once the province of the poor, has gone mainstream. At the Mall of America in Minnesota, shoppers dart in for just one or two ...
Pending Home Sales Drop in September
The number of people who signed contracts to buy homes fell in September after two months of gains, a possible fallout from foreclosure moratoriums
Private Employers Added 159,000 Workers in Oct.
The economy generated a net gain in jobs for the first time in five months in October, as businesses stepped up their painfully slow pace ...
Toyota Profits Quadruple to $1.2 Bil.
Toyota's second quarter profit more than quadrupled on a sales recovery despite lingering worries about the quality of its cars after massive recalls.
Bridgestone Returns to Profit on Tire Demand
Bridgestone Corp. said Friday its earnings are continuing to recover this year as demand for its tires improves, especially at home in Japan.
Shanghai Readies Deal for Next Disneyland
Just days after Shanghai wrapped up its role as host to the World Expo, China's commercial capital is setting its sights on another big tourism ...
GM Leads IPO Pitch with China Growth
General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company's chief financial officer said Thursday
Foreclosures Fall 9% on Procedural Hitch
The number of U.S. homes repossessed by lenders last month fell by the sharpest margin this year, as several major lenders temporarily halted most
Newsweek Merges with Tina Brown's Daily Beast
Newsweek, a 77-year-old magazine that once helped set the national news agenda, is linking its future with a startup website just two years in the ...
Eurozone Growth Slows to 0.4%
Economic growth in the 16 countries that use the euro fell by more than half in the third quarter of the year, official figures showed ...
Shanghai Stocks Plunge on China Rate Hike Fears
Chinese shares led world markets lower Friday amid mounting concerns Beijing will raise interest rates to cool its overheating economy.
Airbus Parent Returns to Profit
Airbus' parent company EADS NV reported a narrow third-quarter profit on Friday, rebounding from a loss a year earlier as the commercial plane-making
Toyoda, Musk Cement Ties Over Pimped-Out Tesla
The usually grim-faced Toyota President Akio Toyoda was all smiles Friday, trumpeting a newfound friendship with U.S. luxury electric carmaker Tesla.
Nissan Recalls 600,000 Cars for Steering, Battery Cable
Nissan Motor Co. is recalling more than 600,000 vehicles in North and South America and Africa due to steering or battery cable problems.
Cisco Shortfall Seen As Tech Sector Omen
A gloomy outlook from Cisco Systems Inc. is shaking some investors' faith in the strength of the technology industry's recovery.
Phone Books Soon to Become Cultural Relics
What's black and white and read all over? Not the white pages, which is why regulators have begun granting telecommunications companies the go-ahead
Bollywood Takes Bigger Role in Hollywood
Hollywood and Bollywood have come together to create a Los Angeles-India Film Council to attract more Indian moviemakers to L.A.
Xerox Profits Double on ACS Acquisition
Xerox said Thursday it doubled its profit in the third quarter, helped by surging demand for its copying equipment and double-digit growth
Cisco Outlook Raises Fears of Slipping Competitiveness
Cisco Systems Inc. has given a disappointing sales forecast for the second quarter in a row, raising doubts about the network equipment maker's
Budget Deficit Hits $140.4 Bil. for October
The federal government began the new budget year with a deficit that fell 20 percent from a year ago but still the third highest October ...
Bullish Google Gives 10% Raise to Everyone
Google Inc. is showing it still knows how to make its employees feel special: It is giving all 23,300 of them 10 percent raises next ...
Jobless Claims Fall to Lowest Level in 4 Months
Fewer people applied for unemployment aid last week, the third drop in four weeks.
Nikkei, KOSPI Up As China Tightens Bank Lending
World markets mostly fell Wednesday after China's central bank announced it will raise the amount of cash that banks have to hold in reserve
Boeing 787 Test Flight Makes Emergency Landing
A Boeing 787 jetliner on a test flight over Texas made an emergency landing Tuesday after smoke was detected in the main cabin, the latest ...
Vietnam Left Out of Foreign Capital Inflows
Vietnam isn't experiencing the growing influx of foreign investment capital of its southeast Asian neighbors, apparently due to the perceived risk
Overseas Filipinos to Remit $21.3 Bil. in 2010
Overseas Filipino Workers (OFW) will remit $21.3 bil. this year, making the Philippines the world's fourth biggest recipient of remittances, according to the World
Japan Cuts Key Interest Rate to Near Zero
Japan's central bank has cut its key interest rate to a range of zero to 0.1 percent, effectively introducing a zero interest rate policy.
China Growth to Offset U.S. Weakness Says IMF
The global economy will likely strengthen the rest of this year and in 2011 as China and other emerging powers offset weakness in the United ...
J&J Buys Dutch Biotech Crucell for $2.41 Bil.
Johnson & Johnson said Wednesday it is buying Crucell N.V. for about $2.41 billion in a move that will boost the American health care company's
Costco Income Rises on Overseas Strength
Increased revenue from selling memberships and strength overseas helped push Costco Wholesale Corp.'s net income up 16 percent
Asia, Europe Stocks Rally on Fed Rate Cut Hopes
Global stock markets extended their rally Wednesday as investors remained hopeful that the Federal Reserve will introduce more monetary
Retail Sales Rose Modestly in September
Americans kept spending carefully last month, buying electronics and back-to-school clothes but holding back on luxuries.
Ford to Cut Lincoln Dealerships to Revitalize Brand
Ford Motor Co. plans to eliminate more than a third of its Lincoln dealers as part of its effort to revive the luxury brand, according ...
Service Sector Grew in September for 9th Straight Month
The U.S. service sector, the nation's predominate employer, expanded in September for a ninth straight month, although the growth has not been consistent
Japanese Stocks Lead World Markets After Rate Cut
Japanese stocks led world markets higher Tuesday after the country's central bank surprised investors by effectively cutting its main interest rate
Eurozone Retail Sales Fell Unexpectedly in August
Retail sales in the 16 countries that use the euro unexpectedly fell during August, official figures showed Tuesday, in another sign
Fitch Downgrades Ireland Credit Rating
Ratings agency Fitch cut Ireland's credit worthiness another notch Wednesday, citing the country's long fight to emerge from record deficits
Content Partners Sign Up for Google TV's October Launch
Google Inc.'s effort to wed Web surfing with television viewing is gathering more support from major media outlets that distribute some
Foreigners Find Irresistable Deals in U.S. Housing Bust
The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom.
Feds Sue 3 Major Credit Card Cos., Settle with 2
The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement
Toyota Repaired 3.7 Mil. Cars Under Recalls
Toyota Motor Corp. said Monday it had fixed about 3.7 million vehicles in the United States as part of its massive safety recalls, citing progress
Poor Americans Bear High Cost of Going Bankless
The nickel-and-diming never stopped. The fees were constant: $28 to cash a paycheck. $1.50 for a money order.
Asia Stocks Up, Europe Down Ahead of U.S. Data
The continued relative strength of the yen hurt Japanese stocks earlier and the Nikkei 225 stock average closed down 23.17 points
Sanofi-Aventis Launches Hostile Bid for Genzyme
France's Sanofi-Aventis on Monday launched an $18.5 billion hostile takeover offer for Genzyme Corp., stepping up its effort to capture
Toshiba Unveils Glasses-Free 3-D TVs
Toshiba Corp. believes it has a solution for television viewers who like 3-D but hate the glasses.
Verizon Wireless May Refund $90 Mil. in Web Fees
Verizon Wireless could pay out up to $90 million in refunds to cell phone customers who were improperly charged for inadvertent Web access or data
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