Yahoo Paints Brighening Picture Through 2013
Yahoo Inc. raised its financial target Wednesday, reflecting expectations that the Internet company will attract more online advertisers as it reaps savings
Business
Feds Profit from $6.2 Bil. Sale of Citigroup Stock
The Treasury Department said Wednesday it raised $6.2 billion from the sale of 1.5 billion shares of Citigroup stock it received as part of the ...
Euro Slide Pushes Dow to Sub-10K Close
A drop in the euro set off a late-day slide in stocks Wednesday and sent the Dow Jones industrial average to its first close below ...
Facebook Faces Growing Privacy Protests
Facebook is simplifying its privacy controls amid growing unrest from many of its users.
Europe's Ryanair Soars Back into Full-Year Profit
European budget airline Ryanair announced a return to robust full-year profits Tuesday and unveiled its first-ever cash dividend to shareholders
Ford to End Mercury Production in 2010
Ford Motor Co. said Wednesday it will cease production of its 72-year-old Mercury brand by the end of 2010 after years of declining sales.
Pending Home Sale Forecasts Boost Stocks
Stocks rebounded Wednesday after a stronger-than-expected increase in pending home sales restored investors' optimism about the economy.
Most Carmakers Post Double-Digit Gains for May
Drivers snapped up new models and rental-car and government fleets ordered more vehicles in May, boosting U.S. auto sales for yet another month.
Spain's Borrowing Costs Rise to Alarming Levels
Wary investors pushed up Spain's borrowing costs on Wednesday as a debt downgrade from last week cast a shadow over the country's efforts to avoid
German Car Exports Jump 49% in May
German car exports increased by nearly half in May compared to a year earlier but sales continued to slide at home, an industry group said ...
Prudential Gives Up Bid to Buy AIA from AIG
Prudential PLC has accepted defeat in its ambitious $35.5-billion plan to acquire Asian insurance company AIA from U.S. insurance company AIG.
Taiwanese e-Readers Use Efficient Ink-Based Displays
aiwanese electronics firms displayed a slew of e-readers at an industry show Tuesday, with one maker unveiling a lightweight model that can display
BP Shares Plunge As It Begins Big Cut-and-Cap Bid
BP lost billions more in market value Tuesday when shares fell steeply in the first trading day since the company failed to plug the worst ...
Bank of Korea Keeps Rate at Record Low
South Korea's central bank left its key interest rate at a record low Thursday as worries persist over the health of the global economy
HP to Cut 9,000 Jobs, Take $1 Bil. in Charges
Hewlett-Packard Co. said Tuesday it will cut about 9,000 jobs and take $1 billion in charges over three years as it creates fully automated commercial ...
Construction, Manufacturing Data Reverse Stock Declines
Stocks are erasing early losses after reports on construction spending and manufacturing signal that the economy is continuing its recovery.
Europe Debt Crisis Breakdown by Country
Europe's governments are struggling to deal with a mountain of debt made worse by the past three years of global financial and economic turmoil.
iPad Sales Hit 2 Mil. Mark
Apple Inc. said Monday that iPad sales have topped 2 million since its launch nearly two months ago.
AsusTek Unveils Tablet PC Running Windows 7
Taiwan's AsusTek Computer Inc. unveiled Monday a portable tablet computer that runs on Microsoft's Windows 7 operating system
Honda to Restart China Line After Parts Plant Strike
Honda Motor Co. said Monday that it hopes to resume stalled production at its auto factories in southern China by tomorrow following a strike at ...
India Returns to Pre-Recession Growth
A rebound in manufacturing and recovering farm output drove India's quarterly economic growth to 8.6 percent, the best in two years
Panasonic Buys Sanyo, Seeks Solar Power Lead
Panasonic Corp. is banking on the solar-panel business that it gained by acquiring domestic rival Sanyo, aiming for top market share of at least 35 ...
Asian Stocks Down on Fitch Downgrade
Asian stock markets fell in early trading Tuesday on renewed concern over Europe's economic crisis after Fitch Ratings
US Presses China to Open its Markets
The top U.S. trade official says China's decision to let its currency appreciate against the dollar was a good start, but China must do more ...
Greater Oil Demands Expected from China and India
World oil demand will grow faster than earlier expected through 2015 due to stronger economic growth, particularly in developing countries like China
Fed Expected to Keep Rates at Record Lows
To sustain the fragile economic rebound, the Federal Reserve is sure to leave interest rates at record lows
Strike Forces Honda to Halt China Production Again
Honda Motor Co., which has been repeatedly forced to suspend production in China due to strikes, again halted operations
German Auto Industry Returns to Boom Times
Germany's car industry, the backbone of Europe's largest economy, is booming again.
China's Young Workers More Assertive with Rights
Younger workers now make up the majority of China's migrant labor force and are quicker to speak up when they feel their rights are being ...
Russian President Seeks Silicon Valley Investment
When Russia's Dmitry Medvedev visits Silicon Valley for the first time this week, he will be both a wide-eyed kid in a candy shop and ...
Tokyo Raises Growth Forcast to 2.6 Percent
Japan's economy, the world's second largest, will expand at a faster pace in the current fiscal year than previously forecast as robust exports to Asia ...
Auto Demands Sustain Japanese Export Expansion
Japan's exports expanded for a sixth straight month in May as brisk global demand for cars and high-tech products helped shore up a recovery
Stocks Fall on Waning Faith in Yuan Impact
Stocks erased big gains Monday after investors lost some of their enthusiasm about China's decision to let its currency appreciate against the dollar.
Shenzhen Suicides Raise Questions About Foxconn Management
A group of Taiwanese scholars urged Foxconn Technology Group to end a rigid and "inhumane" management style at its mammoth factory compound in southern China.
CBS Joins India's TV Market in Venture with Reliance
A unit of CBS Corp. and Reliance Broadcast Network, a subsidiary of India's powerful Reliance-ADA Group, plan
China Redirects Pressure onto World Leaders
China followed through Monday on its pledge to allow greater flexibility in exchange rates, but said an appreciation in its currency alone
World Hopes for Rising Yuan to Boost Recovery
China's decision to end its currency's 2-year-old peg to the U.S. dollar is stirring anticipation of a gradual appreciation in the yuan in trading Monday
Canada's Economy Becomes Envy of G-20
Canada thinks it can teach the world a thing or two about dodging financial meltdowns.
Russia Scraps Gains Tax for Foreign Investors
Russia will loosen the state's controls on the economy and abolish a key tax to spark a desperately needed "investment boom," President Dmitry Medvedev told ...
Ambani's Reliance Expands into Power, Telecom
Reliance Industries, India's most valuable company, will push into two new sectors, power and telecommunications, chairman Mukesh Ambani told shareholders Friday.
iPhone 4 Users Report Reception Problems
First there's the anticipation. Then, the long lines, followed by the triumphant walk out of the Apple store, new gadget in hand.
Interest Rates Falls to Lowest Level in 14 Months
A darkening view of the economy sent bond market interest rates to their lowest level in 14 months and kept many investors out of the ...
Apple Sells 1.7 Mil. iPhone 4 in 3 Days
Apple Inc. said Monday that it sold more than 1.7 million units of its new iPhone model in the first three days, making it the ...
U.S. Forced to Turn to Asia for Shrimp
As the Gulf Coast oil spill continues to gush, U.S. seafood suppliers are turning to Asia to ensure Americans have enough shrimp for their gumbos, ...
Consumer Spending, Incomes Up Slightly in May
Consumer spending rose slightly in May, a sign that Americans are cautious about the economic recovery.
Japan Carmakers Report Global Production Surge
Toyota's global car production zoomed 27 percent in May as Japanese automakers benefit from improving demand in Asia and the U.S.
Neighborhood Gas Stations Suffer from BP Boycott
Tension is mounting between BP and the neighborhood retailers that sell its gasoline.
Hu Warns of Threat from Currency Fluctuations
China's president says wildly fluctuating currency exchange rates can threaten world financial markets.
Banking Reform Could Push Some Trading to Asia
Will the U.S. financial overhaul push big firms to transfer business to Europe? Some say no: Europe is also working on efforts to tighten up ...
Taiwan's Top Laptop Maker Raising China Wages
Compal Electronics Inc., the world's largest contract laptop maker, said Friday that China's labor shortage and rising wages
Yahoo Paints Brighening Picture Through 2013
Yahoo Inc. raised its financial target Wednesday, reflecting expectations that the Internet company will attract more online advertisers as it reaps savings
Feds Profit from $6.2 Bil. Sale of Citigroup Stock
The Treasury Department said Wednesday it raised $6.2 billion from the sale of 1.5 billion shares of Citigroup stock it received as part of the ...
Euro Slide Pushes Dow to Sub-10K Close
A drop in the euro set off a late-day slide in stocks Wednesday and sent the Dow Jones industrial average to its first close below ...
Facebook Faces Growing Privacy Protests
Facebook is simplifying its privacy controls amid growing unrest from many of its users.
Europe's Ryanair Soars Back into Full-Year Profit
European budget airline Ryanair announced a return to robust full-year profits Tuesday and unveiled its first-ever cash dividend to shareholders
Ford to End Mercury Production in 2010
Ford Motor Co. said Wednesday it will cease production of its 72-year-old Mercury brand by the end of 2010 after years of declining sales.
Pending Home Sale Forecasts Boost Stocks
Stocks rebounded Wednesday after a stronger-than-expected increase in pending home sales restored investors' optimism about the economy.
Most Carmakers Post Double-Digit Gains for May
Drivers snapped up new models and rental-car and government fleets ordered more vehicles in May, boosting U.S. auto sales for yet another month.
Spain's Borrowing Costs Rise to Alarming Levels
Wary investors pushed up Spain's borrowing costs on Wednesday as a debt downgrade from last week cast a shadow over the country's efforts to avoid
German Car Exports Jump 49% in May
German car exports increased by nearly half in May compared to a year earlier but sales continued to slide at home, an industry group said ...
Prudential Gives Up Bid to Buy AIA from AIG
Prudential PLC has accepted defeat in its ambitious $35.5-billion plan to acquire Asian insurance company AIA from U.S. insurance company AIG.
Taiwanese e-Readers Use Efficient Ink-Based Displays
aiwanese electronics firms displayed a slew of e-readers at an industry show Tuesday, with one maker unveiling a lightweight model that can display
BP Shares Plunge As It Begins Big Cut-and-Cap Bid
BP lost billions more in market value Tuesday when shares fell steeply in the first trading day since the company failed to plug the worst ...
Bank of Korea Keeps Rate at Record Low
South Korea's central bank left its key interest rate at a record low Thursday as worries persist over the health of the global economy
HP to Cut 9,000 Jobs, Take $1 Bil. in Charges
Hewlett-Packard Co. said Tuesday it will cut about 9,000 jobs and take $1 billion in charges over three years as it creates fully automated commercial ...
Construction, Manufacturing Data Reverse Stock Declines
Stocks are erasing early losses after reports on construction spending and manufacturing signal that the economy is continuing its recovery.
Europe Debt Crisis Breakdown by Country
Europe's governments are struggling to deal with a mountain of debt made worse by the past three years of global financial and economic turmoil.
iPad Sales Hit 2 Mil. Mark
Apple Inc. said Monday that iPad sales have topped 2 million since its launch nearly two months ago.
AsusTek Unveils Tablet PC Running Windows 7
Taiwan's AsusTek Computer Inc. unveiled Monday a portable tablet computer that runs on Microsoft's Windows 7 operating system
Honda to Restart China Line After Parts Plant Strike
Honda Motor Co. said Monday that it hopes to resume stalled production at its auto factories in southern China by tomorrow following a strike at ...
India Returns to Pre-Recession Growth
A rebound in manufacturing and recovering farm output drove India's quarterly economic growth to 8.6 percent, the best in two years
Panasonic Buys Sanyo, Seeks Solar Power Lead
Panasonic Corp. is banking on the solar-panel business that it gained by acquiring domestic rival Sanyo, aiming for top market share of at least 35 ...
Asian Stocks Down on Fitch Downgrade
Asian stock markets fell in early trading Tuesday on renewed concern over Europe's economic crisis after Fitch Ratings
US Presses China to Open its Markets
The top U.S. trade official says China's decision to let its currency appreciate against the dollar was a good start, but China must do more ...
Greater Oil Demands Expected from China and India
World oil demand will grow faster than earlier expected through 2015 due to stronger economic growth, particularly in developing countries like China
Fed Expected to Keep Rates at Record Lows
To sustain the fragile economic rebound, the Federal Reserve is sure to leave interest rates at record lows
Strike Forces Honda to Halt China Production Again
Honda Motor Co., which has been repeatedly forced to suspend production in China due to strikes, again halted operations
German Auto Industry Returns to Boom Times
Germany's car industry, the backbone of Europe's largest economy, is booming again.
China's Young Workers More Assertive with Rights
Younger workers now make up the majority of China's migrant labor force and are quicker to speak up when they feel their rights are being ...
Russian President Seeks Silicon Valley Investment
When Russia's Dmitry Medvedev visits Silicon Valley for the first time this week, he will be both a wide-eyed kid in a candy shop and ...
Tokyo Raises Growth Forcast to 2.6 Percent
Japan's economy, the world's second largest, will expand at a faster pace in the current fiscal year than previously forecast as robust exports to Asia ...
Auto Demands Sustain Japanese Export Expansion
Japan's exports expanded for a sixth straight month in May as brisk global demand for cars and high-tech products helped shore up a recovery
Stocks Fall on Waning Faith in Yuan Impact
Stocks erased big gains Monday after investors lost some of their enthusiasm about China's decision to let its currency appreciate against the dollar.
Shenzhen Suicides Raise Questions About Foxconn Management
A group of Taiwanese scholars urged Foxconn Technology Group to end a rigid and "inhumane" management style at its mammoth factory compound in southern China.
CBS Joins India's TV Market in Venture with Reliance
A unit of CBS Corp. and Reliance Broadcast Network, a subsidiary of India's powerful Reliance-ADA Group, plan
China Redirects Pressure onto World Leaders
China followed through Monday on its pledge to allow greater flexibility in exchange rates, but said an appreciation in its currency alone
World Hopes for Rising Yuan to Boost Recovery
China's decision to end its currency's 2-year-old peg to the U.S. dollar is stirring anticipation of a gradual appreciation in the yuan in trading Monday
Canada's Economy Becomes Envy of G-20
Canada thinks it can teach the world a thing or two about dodging financial meltdowns.
Russia Scraps Gains Tax for Foreign Investors
Russia will loosen the state's controls on the economy and abolish a key tax to spark a desperately needed "investment boom," President Dmitry Medvedev told ...
Ambani's Reliance Expands into Power, Telecom
Reliance Industries, India's most valuable company, will push into two new sectors, power and telecommunications, chairman Mukesh Ambani told shareholders Friday.
iPhone 4 Users Report Reception Problems
First there's the anticipation. Then, the long lines, followed by the triumphant walk out of the Apple store, new gadget in hand.
Interest Rates Falls to Lowest Level in 14 Months
A darkening view of the economy sent bond market interest rates to their lowest level in 14 months and kept many investors out of the ...
Apple Sells 1.7 Mil. iPhone 4 in 3 Days
Apple Inc. said Monday that it sold more than 1.7 million units of its new iPhone model in the first three days, making it the ...
U.S. Forced to Turn to Asia for Shrimp
As the Gulf Coast oil spill continues to gush, U.S. seafood suppliers are turning to Asia to ensure Americans have enough shrimp for their gumbos, ...
Consumer Spending, Incomes Up Slightly in May
Consumer spending rose slightly in May, a sign that Americans are cautious about the economic recovery.
Japan Carmakers Report Global Production Surge
Toyota's global car production zoomed 27 percent in May as Japanese automakers benefit from improving demand in Asia and the U.S.
Neighborhood Gas Stations Suffer from BP Boycott
Tension is mounting between BP and the neighborhood retailers that sell its gasoline.
Hu Warns of Threat from Currency Fluctuations
China's president says wildly fluctuating currency exchange rates can threaten world financial markets.
Banking Reform Could Push Some Trading to Asia
Will the U.S. financial overhaul push big firms to transfer business to Europe? Some say no: Europe is also working on efforts to tighten up ...
Taiwan's Top Laptop Maker Raising China Wages
Compal Electronics Inc., the world's largest contract laptop maker, said Friday that China's labor shortage and rising wages
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