World Markets Flat, Dollar Slides Awaiting Fed Move
World stock markets were steady Thursday ahead of European interest rate decisions and the start of the U.S. corporate earnings reporting season
Business
Wholesale Buying, Inventories Rise
Businesses have been restocking store shelves since the recession ended, a sign that they expect the economic recovery to continue.
95,000 Jobs Lost in Sept on Massive Gov't Layoffs
A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 ...
China Launches Quest for Domestic Potash Sources
China has launched a search for domestic sources of potash to ensure stable supplies of the mineral used in fertilizer, a state news agency said ...
Honda Fit Hybrid Goes on Sale in Japan
Honda's new hybrid Fit subcompact went on sale in Japan on Friday as the automaker expands its green car lineup that already includes the Insight
PayPal iPhone App Allows Check Deposits
Betting you wouldn't trek to your bank or the closest ATM if you didn't have to, PayPal has added a feature to its free iPhone ...
Japan Approves New $61 Bil. Stimulus Package
The Japanese Cabinet has approved 5.05 trillion yen ($61 billion) in new measures to stimulate the country's economy.
Consumers Cut Credit Card Use for 24th Month
Consumer borrowing fell again in August as consumers cut back on credit card use for the 24th consecutive month, the Federal Reserve said Thursday.
Retail Sales Grow More Than Expected
Retailers reported surprisingly solid sales gains for September, boosted by back-to-school shopping, much of it pushed into September by parents
PepsiCo Revenues Soar on Overseas Growth
PepsiCo's third-quarter net income rose 12 percent on strong sales gains abroad and strength in its drinks and Frito-Lay snacks.
BOA Forced to Delay Foreclosures in 23 States
Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners
Toyota Steps Up Efforts to Win Back Customers
Aiming to win back customer trust after its string of recalls, Toyota Motor Corp. is offering American buyers of new Toyota- and Scion-brand vehicles
Japan Forex Reserves Hit New High After Failed Intervention
Japan's foreign exchange reserves hit an all-time high in September after the central bank intervened in currency markets for the first time
Samsung Expects Earnings to Fall Below Record
Samsung Electronics, the world's biggest seller of computer memory chips, forecast Thursday that third-quarter operating profit likely eased
Verizon Wireless to Roll Out 4G in 38 Cities
Verizon Wireless said Wednesday that its new wireless broadband network, which offers higher data speeds initially for laptop users
Cisco to Sell HD Home Video-Conferencing Box
Cisco Systems Inc., seeking to become a bigger name in consumer electronics, said Wednesday that it's going to start selling a $599 box
GE Taps Natural Gas Boom with Dresser Deal
General Electric Co. is expanding its energy business by tapping into the growing reliance of utilities and factories on natural gas.
Midnight Grocery Runs a Sign of Hard Times
Once a month, just after midnight, the beeping checkout scanners at a Walmart just off Interstate 95 come alive in a chorus of financial desperation.
Apple Readies iPhone for CDMA Markets
A new report says Apple is getting ready to manufacture a new iPhone that works on cellular networks based on CDMA technology
ADB Raises Asia Growth Forecast to 8.2%
The Asian Development Bank raised its forecast for the region's economic growth this year, crediting a rapid recovery in exports even as it warned
Japan Business Confidence Rises for 6th Straight Quarter
Business confidence in Japan rose for the sixth straight quarter, but companies fear the improvement is temporary as cooling global growth
HP Reveals Rosy Outlook but Not Next CEO
Hewlett-Packard Co. offered a rosy financial outlook Tuesday without giving any guidance on the biggest issue hanging over the world's largest
Hulu Plus to Play on Roku, Tivo Set-Top Boxes
Hulu Plus, the $10-per-month online TV subscription service, will soon be available for users of Roku Inc. set-top boxes and Tivo Inc. subscribers
Recession Widens Rich- Poor Gap, Cuts Marriages
The recession seems to be socking Americans in the heart as well as the wallet: Marriages have hit an all-time low while pleas for food ...
Coca-Cola to Invest $1 Bil. in Philippines
Coca-Cola Co. said Tuesday it will spend $1 billion in the Philippines over the next five years to expand its presence in the fast-growing market
Toys R Us to Hire 45,000 Workers, Plans Stock Sale
Toys R Us will hire about 45,000 employees to help with the holiday season, doubling its U.S. work force.
LG Chem Adds Mitsubishi Motors As Battery Client
Mitsubishi Motors became the latest automaker to sign Korea's LG Chem as the battery supplier for its upcoming electric and hybrid vehicles
World Stocks Slip on Euro Debt Fears, Yen Action
World stock markets fell sharply Tuesday amid renewed worries over Europe's government debt crisis and a report that the Federal Reserve
China Studio Buys Stake in Hollywood Production Firm
The Hollywood production house behind hits including "Clash of the Titans" and "Inception" has sold a 3.3 percent stake to a Chinese studio
Asia Stocks Rise on Hopes of More U.S. Stimulus
Asian stock markets climbed Wednesday, supported by growing speculation that the Federal Reserve is likely to introduce more stimulus
Blackberry Maker Unveils Small Tablet for Business
The company that gave us the BlackBerry — still the dominant phone in corporate circles — thinks its business customers will have room in their ...
Wal-Mart Bids $4.25 Bil. for S. Africa's Massmart
Wal-Mart-Stores Inc. says it has offered to buy South African retailer Massmart Holdings Ltd. for approximately $4.25 billion.
Nestle to Expand Herbal Medicine Business
Nestle plans to plow hundreds of millions of dollars into expanding its medical nutrition business over the next decade, hoping to capitalize
Asian Stocks Enjoy Bounce After Holidays
Asian stock markets kicked off a new week of trading in good spirits, encouraged by an improvement in U.S. economic indicators and higher metal prices.
Hyndai Recalls 2011 Sonatas for Steering Glitch
Hyundai Motor Co. said it is voluntarily recalling 139,500 Sonata sedans in the U.S. because of a manufacturing defect that could cause drivers
IRS Cuts Down Iffy Tax Break Disclosures for Big Corps.
The Internal Revenue Service is scaling back a new requirement that large corporations disclose on their tax returns whether they are taking
Growth in Durables Orders Sends Stocks Up
Stocks resumed a September rally Friday as traders were encouraged that orders for manufactured goods excluding the volatile transportation
Korea Wins Control of UK's Dana Petroleum
Korea National Oil Corp (KNOC) has won a controlling interest in UK's Dana Petroleum with about 65% of its shares either owned or accepted
Cheap, Clean and China the Foci of Paris Auto Show
At the Paris auto show, the car market's fortunes appear to come down to three C's: clean, cheap and China.
Microsoft Sues Motorola on Smart Phone Patents
Microsoft Corp. is suing Motorola Inc. for infringing on its smart-phone patents.
Car Sales Surge Mostly on New Crossovers
New models and Labor Day promotions didn't do much to fire Americans' appetites for new cars in September.
Manufacturing Expands for 14th Straight Month
Manufacturing activity expanded in September for the 14th straight month, although at the slowest pace since November.
Incomes, Spending Both Rose in August
Consumer spending rose by a moderate amount in August while incomes increased by the largest amount in eight months, a gain that was propelled
United, Continental Merge to Become World's No. 1
United and Continental closed a deal on Friday that will create a new No. 1 airline in the world, ending Delta's two-year hold on the ...
Eurozone Unemployment at 10.1% in August
Unemployment in the 16 countries that use the euro remained unchanged at 10.1 percent in August despite a stronger than anticipated economic recovery
BP Says It Paid $11.2 Bil. on Gulf Oil Spill Claims
BP PLC said Friday that it has pledged royalty revenues from several Gulf of Mexico assets to guarantee payment of claims from the disastrous
China Manufacturing Picks Up Steam in September
Growth in Chinese manufacturing picked up pace in September, a survey showed Friday, adding to evidence that China's economic recovery remains on track.
Japan Jobless Rate Fell to 5.1% in August
Japan's jobless rate improved in August, but prices fell for the 18th straight month as deflation kept its hold on the country's economy.
China Oil Co Signs Big Gas Deal with French Utility
Chinese offshore oil and gas company CNOOC agreed Saturday to buy 2.6 million tons of liquefied natural gas from French utility GDF Suez SA.
Caterpillar to Raise Prices on Strong Growth
Heavy-equipment maker Caterpillar says it will raise prices up to 2 percent worldwide starting in January.
World Markets Flat, Dollar Slides Awaiting Fed Move
World stock markets were steady Thursday ahead of European interest rate decisions and the start of the U.S. corporate earnings reporting season
Wholesale Buying, Inventories Rise
Businesses have been restocking store shelves since the recession ended, a sign that they expect the economic recovery to continue.
95,000 Jobs Lost in Sept on Massive Gov't Layoffs
A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 ...
China Launches Quest for Domestic Potash Sources
China has launched a search for domestic sources of potash to ensure stable supplies of the mineral used in fertilizer, a state news agency said ...
Honda Fit Hybrid Goes on Sale in Japan
Honda's new hybrid Fit subcompact went on sale in Japan on Friday as the automaker expands its green car lineup that already includes the Insight
PayPal iPhone App Allows Check Deposits
Betting you wouldn't trek to your bank or the closest ATM if you didn't have to, PayPal has added a feature to its free iPhone ...
Japan Approves New $61 Bil. Stimulus Package
The Japanese Cabinet has approved 5.05 trillion yen ($61 billion) in new measures to stimulate the country's economy.
Consumers Cut Credit Card Use for 24th Month
Consumer borrowing fell again in August as consumers cut back on credit card use for the 24th consecutive month, the Federal Reserve said Thursday.
Retail Sales Grow More Than Expected
Retailers reported surprisingly solid sales gains for September, boosted by back-to-school shopping, much of it pushed into September by parents
PepsiCo Revenues Soar on Overseas Growth
PepsiCo's third-quarter net income rose 12 percent on strong sales gains abroad and strength in its drinks and Frito-Lay snacks.
BOA Forced to Delay Foreclosures in 23 States
Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners
Toyota Steps Up Efforts to Win Back Customers
Aiming to win back customer trust after its string of recalls, Toyota Motor Corp. is offering American buyers of new Toyota- and Scion-brand vehicles
Japan Forex Reserves Hit New High After Failed Intervention
Japan's foreign exchange reserves hit an all-time high in September after the central bank intervened in currency markets for the first time
Samsung Expects Earnings to Fall Below Record
Samsung Electronics, the world's biggest seller of computer memory chips, forecast Thursday that third-quarter operating profit likely eased
Verizon Wireless to Roll Out 4G in 38 Cities
Verizon Wireless said Wednesday that its new wireless broadband network, which offers higher data speeds initially for laptop users
Cisco to Sell HD Home Video-Conferencing Box
Cisco Systems Inc., seeking to become a bigger name in consumer electronics, said Wednesday that it's going to start selling a $599 box
GE Taps Natural Gas Boom with Dresser Deal
General Electric Co. is expanding its energy business by tapping into the growing reliance of utilities and factories on natural gas.
Midnight Grocery Runs a Sign of Hard Times
Once a month, just after midnight, the beeping checkout scanners at a Walmart just off Interstate 95 come alive in a chorus of financial desperation.
Apple Readies iPhone for CDMA Markets
A new report says Apple is getting ready to manufacture a new iPhone that works on cellular networks based on CDMA technology
ADB Raises Asia Growth Forecast to 8.2%
The Asian Development Bank raised its forecast for the region's economic growth this year, crediting a rapid recovery in exports even as it warned
Japan Business Confidence Rises for 6th Straight Quarter
Business confidence in Japan rose for the sixth straight quarter, but companies fear the improvement is temporary as cooling global growth
HP Reveals Rosy Outlook but Not Next CEO
Hewlett-Packard Co. offered a rosy financial outlook Tuesday without giving any guidance on the biggest issue hanging over the world's largest
Hulu Plus to Play on Roku, Tivo Set-Top Boxes
Hulu Plus, the $10-per-month online TV subscription service, will soon be available for users of Roku Inc. set-top boxes and Tivo Inc. subscribers
Recession Widens Rich- Poor Gap, Cuts Marriages
The recession seems to be socking Americans in the heart as well as the wallet: Marriages have hit an all-time low while pleas for food ...
Coca-Cola to Invest $1 Bil. in Philippines
Coca-Cola Co. said Tuesday it will spend $1 billion in the Philippines over the next five years to expand its presence in the fast-growing market
Toys R Us to Hire 45,000 Workers, Plans Stock Sale
Toys R Us will hire about 45,000 employees to help with the holiday season, doubling its U.S. work force.
LG Chem Adds Mitsubishi Motors As Battery Client
Mitsubishi Motors became the latest automaker to sign Korea's LG Chem as the battery supplier for its upcoming electric and hybrid vehicles
World Stocks Slip on Euro Debt Fears, Yen Action
World stock markets fell sharply Tuesday amid renewed worries over Europe's government debt crisis and a report that the Federal Reserve
China Studio Buys Stake in Hollywood Production Firm
The Hollywood production house behind hits including "Clash of the Titans" and "Inception" has sold a 3.3 percent stake to a Chinese studio
Asia Stocks Rise on Hopes of More U.S. Stimulus
Asian stock markets climbed Wednesday, supported by growing speculation that the Federal Reserve is likely to introduce more stimulus
Blackberry Maker Unveils Small Tablet for Business
The company that gave us the BlackBerry — still the dominant phone in corporate circles — thinks its business customers will have room in their ...
Wal-Mart Bids $4.25 Bil. for S. Africa's Massmart
Wal-Mart-Stores Inc. says it has offered to buy South African retailer Massmart Holdings Ltd. for approximately $4.25 billion.
Nestle to Expand Herbal Medicine Business
Nestle plans to plow hundreds of millions of dollars into expanding its medical nutrition business over the next decade, hoping to capitalize
Asian Stocks Enjoy Bounce After Holidays
Asian stock markets kicked off a new week of trading in good spirits, encouraged by an improvement in U.S. economic indicators and higher metal prices.
Hyndai Recalls 2011 Sonatas for Steering Glitch
Hyundai Motor Co. said it is voluntarily recalling 139,500 Sonata sedans in the U.S. because of a manufacturing defect that could cause drivers
IRS Cuts Down Iffy Tax Break Disclosures for Big Corps.
The Internal Revenue Service is scaling back a new requirement that large corporations disclose on their tax returns whether they are taking
Growth in Durables Orders Sends Stocks Up
Stocks resumed a September rally Friday as traders were encouraged that orders for manufactured goods excluding the volatile transportation
Korea Wins Control of UK's Dana Petroleum
Korea National Oil Corp (KNOC) has won a controlling interest in UK's Dana Petroleum with about 65% of its shares either owned or accepted
Cheap, Clean and China the Foci of Paris Auto Show
At the Paris auto show, the car market's fortunes appear to come down to three C's: clean, cheap and China.
Microsoft Sues Motorola on Smart Phone Patents
Microsoft Corp. is suing Motorola Inc. for infringing on its smart-phone patents.
Car Sales Surge Mostly on New Crossovers
New models and Labor Day promotions didn't do much to fire Americans' appetites for new cars in September.
Manufacturing Expands for 14th Straight Month
Manufacturing activity expanded in September for the 14th straight month, although at the slowest pace since November.
Incomes, Spending Both Rose in August
Consumer spending rose by a moderate amount in August while incomes increased by the largest amount in eight months, a gain that was propelled
United, Continental Merge to Become World's No. 1
United and Continental closed a deal on Friday that will create a new No. 1 airline in the world, ending Delta's two-year hold on the ...
Eurozone Unemployment at 10.1% in August
Unemployment in the 16 countries that use the euro remained unchanged at 10.1 percent in August despite a stronger than anticipated economic recovery
BP Says It Paid $11.2 Bil. on Gulf Oil Spill Claims
BP PLC said Friday that it has pledged royalty revenues from several Gulf of Mexico assets to guarantee payment of claims from the disastrous
China Manufacturing Picks Up Steam in September
Growth in Chinese manufacturing picked up pace in September, a survey showed Friday, adding to evidence that China's economic recovery remains on track.
Japan Jobless Rate Fell to 5.1% in August
Japan's jobless rate improved in August, but prices fell for the 18th straight month as deflation kept its hold on the country's economy.
China Oil Co Signs Big Gas Deal with French Utility
Chinese offshore oil and gas company CNOOC agreed Saturday to buy 2.6 million tons of liquefied natural gas from French utility GDF Suez SA.
Caterpillar to Raise Prices on Strong Growth
Heavy-equipment maker Caterpillar says it will raise prices up to 2 percent worldwide starting in January.
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