GM Pays Down Govt Debt Ahead of Stock Sale
General Motors Co. moved to strengthen its finances ahead of an initial public stock sale, announcing plans on Thursday to cut debt and pension
Business
U.S. Auto Sales Jump on Returning Confidence
U.S. auto sales rose in October as buyers grew more confident in the economy and new models drew them into dealerships.
Galaxy Tablet Release Fuels Samsung-Apple Rivalry
Samsung Electronics has timed the unveiling of its Galaxy Tab tablet PC in Korea for Thursday to coincide with the debut of Apple's MacBook Air ...
Economists See Silver Lining in Impending Gridlock
The Republicans' sweeping gains in Tuesday's elections hardly guarantee they can enact their own prescriptions for the ailing economy.
Clothing Sales Surprisingly Strong in October
After a last-minute back-to-school buying spree, Americans appeared to have taken a shopping pause in October, resulting in a mixed retail sales picture.
World Bank Raises China Growth Outlook
China's rapid growth is easing to a manageable pace and Beijing can do more to reconfigure its economy to promote domestic consumption and reduce
Asia Stocks Rise As GOP Piles Up House Seats
Asian stocks were mostly higher Wednesday as markets digested news that Republicans gained control of the House in midterm U.S. elections
Ford, GM Valuations Rely Increasingly on Global Sales
If investors pay what General Motors hopes to get for its stock in a planned IPO, they'll have to buy the logic that the company's ...
14.4% of U.S. Homes Vacant As Ownership Falls
The nation's homeownership rate remained at its lowest in more than a decade, hampered by a rise in foreclosures and weak demand for housing.
Oracle to Pay $1 Bil. for E-Commerce Software Firm
Business software maker Oracle said Tuesday it has agreed to acquire e-commerce software maker Art Technology Group Inc. for $1 billion in cash.
German Business Confidence Highest Since March '07
German business confidence has risen to a 3 1/2-year high as gloom lifts over managers' outlook, defying expectations of a fall, a closely watched
UBS Beats Views with $1.65 Bil. Profits
Swiss bank UBS AG reported a third-quarter net profit of 1.66 billion Swiss francs ($1.65 billion) Tuesday, beating expectations thanks partly
Arcelor-Mittal Profits Jump on Strong Demand
ArcelorMittal, the world's biggest steel maker, posted Tuesday a 48 percent jump in third-quarter net profit, but said higher raw material prices
Nissan Infiniti M Luxury Hybrid Doubles Mileage
Nissan is playing catchup with Japanese rivals Toyota and Honda in introducing its own hybrid car, the luxury Infiniti M, which delivers double
TI Earnings Jump 60% on Demand Backlog
Chip-maker Texas Instruments Inc. said Monday that third-quarter income soared 60 percent as it continued to satisfy pent-up demand
Tesla Opens First Asia Showroom in Tokyo
Tesla, the U.S. maker of electric sportscars, opened its first Asian showroom Monday in a fashionable Tokyo neighborhood, hoping to woo rich
Fiat Hampered by Italian Workers Says CEO
Fiat CEO Sergio Marchionne says the tradition-laden Italian automaker would be better off without Italy and its balky unions, provoking an angry
World Stocks Up on G-20 Currency Pledge
World stocks rose and the dollar slumped Monday after global finance chiefs vowed to avoid a currency war that could derail the global recovery.
Japan's Exports Grew 14.4% in September
Japan's exports in September grew at their slowest pace this year, hit by a strong yen and cooling foreign demand amid concern over the health
China Seen as Top Market for Mercedes-Benz
China will be the world's biggest market for Mercedes-Benz vehicles by 2015, the company has announced. Consequently, Daimler AG pledged
Unemployment Rate Fell in 23 States in Sept.
Nearly half of U.S. states reported drops in their unemployment rates last month, the best showing since June. But job creation was weak in most
UK Economy Grew at Twice Expected Rate
Britain's economy grew by 0.8 percent in the third quarter, twice as fast as analysts had expected, according to official figures released Tuesday
More Working Americans Get Food Stamps
Lillie Gonzales does whatever it takes to provide for three ravenous sons who live under her roof. She grows her own vegetables at home on ...
Ericsson Profits Soar on Sony Joint Venture
Swedish wireless equipment maker LM Ericsson AB on Friday said third-quarter net profits rose more than fourfold largely on the back of lower
Baidu Profits Double on China Online Ad Boom
Baidu Inc., which operates China's leading search engine, said Friday its third-quarter net profit more than doubled and revenue jumped 76 percent
UPS Profits Soar on Surging Asian Electronics Imports
UPS Inc. said Thursday the U.S. economy is stable but "unexciting," showing more signs of life but not recovering fast enough.
Caterpillar Doubles Profits on Surging Sales
Strong sales growth in developing countries pushed Caterpillar's third-quarter earnings 96 percent higher, and the world's largest maker of mining
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
Google Street View Blocked by 244,000 German Homes
Internet giant Google says more than 244,000 Germans have asked that their homes be made unrecognizable in its Street View program, scheduled
World Stocks Rise on Strong U.S. Earnings
World stocks mostly rose Thursday after figures showed Chinese economic growth holding up slightly better than expected and the U.S. corporate
Toyota Recalls 1.53 Mil. Cars for Brakes, Fuel Pumps
Toyota is recalling 1.53 million Lexus, Avalon and other models, mostly in the U.S. and Japan, for brake fluid and fuel pump problems, the latest
Yahoo Hires News Corp Exec to Boost Ad Sales
ahoo Inc. is turning to a former Internet sharpshooter at News Corp.'s media empire to fill a big hole on its management team.
Microsoft Beats Views on Rising Business Spending
A swell of spending by businesses on new computers, software and servers helped push Microsoft Corp.'s earnings for the most recent quarter
Daimler Profits Surge Amid Boom in China, U.S. Sales
Car maker Daimler AG's third-quarter net earnings surged as strong sales in China and the U.S. helped push revenue 30 percent higher
Nissan Recalls 2.1 Mil. Cars for Ignition Glitch
Nissan is recalling 2.14 million vehicles worldwide including the popular March and Mycra subcompacts for an ignition problem that may stall the engine
Japan Central Bank Issues Gloomy Growth Forecast
Japan's central bank cut its economic growth forecasts Thursday and kept interest rates near zero, as the export-reliant nation confronts a strong yen
Sharp Rebounds to Profit, Cuts Forecast
A strong yen forced Japan's Sharp Corp. to cut its earnings forecast even as first-half profit rebounded on improved sales of home appliances
Nintendo Sinks into Red for 1st Half
Nintendo sank into the red for the fiscal first half, battered by a rising yen that hurts exports and plunging sales as demand for its ...
Hyundai Profits Match Record on Sales Growth
Hyundai Motor's net profit rose 38 percent in the third quarter on higher sales as growth in emerging markets like China and India helped the ...
Hynix Profits Quadruple to Record on Chip Demand
Hynix Semiconductor, the world's second-largest manufacturer of computer memory chips, said third-quarter net profit more than quadrupled
Wells Fargo Admits Errors in 55,000 Foreclosures
Wells Fargo admitted Wednesday it made mistakes in the paperwork for thousands of foreclosure cases and promised to fix them.
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
P&G Grows Sales on Big Brands, Emerging Markets
Procter & Gamble Co. is slowly luring back budget-battered consumers to its big brands, while attracting new buyers around the globe by getting
New MacBook Air Thin, Pricey, Under-Powered
The first MacBook Air laptop hit the catwalk in 2008 as an elegant but somewhat impractical statement about how far Apple would go to make
Shorter TV Ads Lure More Advertisers
And now, a word from our sponsors. A very brief word. TV commercials are shrinking along with attention spans and advertising budgets.
Durable Goods Orders Rise on Aircraft Demand
A surge in demand for commercial aircraft lifted orders for big-ticket manufactured goods in September, but businesses spent less on products
U.S. Navy Funds, Uses Fuel Made from Algae
The forest green algae bubbling in a stainless steel fermenting tank in a suburban warehouse may look like primordial pond scum, but it is a ...
China Ranks U.S. 1st, Japan 3rd in Competitiveness
The Blue Book of National Competitiveness published by the China Academy of Social Sciences Monday ranked the U.S. first, EU second, Japan third
Yahoo Offers Improved Free Email Service
Yahoo Inc. is sprucing up its free e-mail service in the latest attempt to persuade people to spend more time on its website.
Coach Profits Surge on Price-Cutting Strategy
Coach Inc. said Tuesday strong demand for its luxury handbags both in North America and overseas helped third-quarter net income rise 34 percent.
GM Pays Down Govt Debt Ahead of Stock Sale
General Motors Co. moved to strengthen its finances ahead of an initial public stock sale, announcing plans on Thursday to cut debt and pension
U.S. Auto Sales Jump on Returning Confidence
U.S. auto sales rose in October as buyers grew more confident in the economy and new models drew them into dealerships.
Galaxy Tablet Release Fuels Samsung-Apple Rivalry
Samsung Electronics has timed the unveiling of its Galaxy Tab tablet PC in Korea for Thursday to coincide with the debut of Apple's MacBook Air ...
Economists See Silver Lining in Impending Gridlock
The Republicans' sweeping gains in Tuesday's elections hardly guarantee they can enact their own prescriptions for the ailing economy.
Clothing Sales Surprisingly Strong in October
After a last-minute back-to-school buying spree, Americans appeared to have taken a shopping pause in October, resulting in a mixed retail sales picture.
World Bank Raises China Growth Outlook
China's rapid growth is easing to a manageable pace and Beijing can do more to reconfigure its economy to promote domestic consumption and reduce
Asia Stocks Rise As GOP Piles Up House Seats
Asian stocks were mostly higher Wednesday as markets digested news that Republicans gained control of the House in midterm U.S. elections
Ford, GM Valuations Rely Increasingly on Global Sales
If investors pay what General Motors hopes to get for its stock in a planned IPO, they'll have to buy the logic that the company's ...
14.4% of U.S. Homes Vacant As Ownership Falls
The nation's homeownership rate remained at its lowest in more than a decade, hampered by a rise in foreclosures and weak demand for housing.
Oracle to Pay $1 Bil. for E-Commerce Software Firm
Business software maker Oracle said Tuesday it has agreed to acquire e-commerce software maker Art Technology Group Inc. for $1 billion in cash.
German Business Confidence Highest Since March '07
German business confidence has risen to a 3 1/2-year high as gloom lifts over managers' outlook, defying expectations of a fall, a closely watched
UBS Beats Views with $1.65 Bil. Profits
Swiss bank UBS AG reported a third-quarter net profit of 1.66 billion Swiss francs ($1.65 billion) Tuesday, beating expectations thanks partly
Arcelor-Mittal Profits Jump on Strong Demand
ArcelorMittal, the world's biggest steel maker, posted Tuesday a 48 percent jump in third-quarter net profit, but said higher raw material prices
Nissan Infiniti M Luxury Hybrid Doubles Mileage
Nissan is playing catchup with Japanese rivals Toyota and Honda in introducing its own hybrid car, the luxury Infiniti M, which delivers double
TI Earnings Jump 60% on Demand Backlog
Chip-maker Texas Instruments Inc. said Monday that third-quarter income soared 60 percent as it continued to satisfy pent-up demand
Tesla Opens First Asia Showroom in Tokyo
Tesla, the U.S. maker of electric sportscars, opened its first Asian showroom Monday in a fashionable Tokyo neighborhood, hoping to woo rich
Fiat Hampered by Italian Workers Says CEO
Fiat CEO Sergio Marchionne says the tradition-laden Italian automaker would be better off without Italy and its balky unions, provoking an angry
World Stocks Up on G-20 Currency Pledge
World stocks rose and the dollar slumped Monday after global finance chiefs vowed to avoid a currency war that could derail the global recovery.
Japan's Exports Grew 14.4% in September
Japan's exports in September grew at their slowest pace this year, hit by a strong yen and cooling foreign demand amid concern over the health
China Seen as Top Market for Mercedes-Benz
China will be the world's biggest market for Mercedes-Benz vehicles by 2015, the company has announced. Consequently, Daimler AG pledged
Unemployment Rate Fell in 23 States in Sept.
Nearly half of U.S. states reported drops in their unemployment rates last month, the best showing since June. But job creation was weak in most
UK Economy Grew at Twice Expected Rate
Britain's economy grew by 0.8 percent in the third quarter, twice as fast as analysts had expected, according to official figures released Tuesday
More Working Americans Get Food Stamps
Lillie Gonzales does whatever it takes to provide for three ravenous sons who live under her roof. She grows her own vegetables at home on ...
Ericsson Profits Soar on Sony Joint Venture
Swedish wireless equipment maker LM Ericsson AB on Friday said third-quarter net profits rose more than fourfold largely on the back of lower
Baidu Profits Double on China Online Ad Boom
Baidu Inc., which operates China's leading search engine, said Friday its third-quarter net profit more than doubled and revenue jumped 76 percent
UPS Profits Soar on Surging Asian Electronics Imports
UPS Inc. said Thursday the U.S. economy is stable but "unexciting," showing more signs of life but not recovering fast enough.
Caterpillar Doubles Profits on Surging Sales
Strong sales growth in developing countries pushed Caterpillar's third-quarter earnings 96 percent higher, and the world's largest maker of mining
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
Google Street View Blocked by 244,000 German Homes
Internet giant Google says more than 244,000 Germans have asked that their homes be made unrecognizable in its Street View program, scheduled
World Stocks Rise on Strong U.S. Earnings
World stocks mostly rose Thursday after figures showed Chinese economic growth holding up slightly better than expected and the U.S. corporate
Toyota Recalls 1.53 Mil. Cars for Brakes, Fuel Pumps
Toyota is recalling 1.53 million Lexus, Avalon and other models, mostly in the U.S. and Japan, for brake fluid and fuel pump problems, the latest
Yahoo Hires News Corp Exec to Boost Ad Sales
ahoo Inc. is turning to a former Internet sharpshooter at News Corp.'s media empire to fill a big hole on its management team.
Microsoft Beats Views on Rising Business Spending
A swell of spending by businesses on new computers, software and servers helped push Microsoft Corp.'s earnings for the most recent quarter
Daimler Profits Surge Amid Boom in China, U.S. Sales
Car maker Daimler AG's third-quarter net earnings surged as strong sales in China and the U.S. helped push revenue 30 percent higher
Nissan Recalls 2.1 Mil. Cars for Ignition Glitch
Nissan is recalling 2.14 million vehicles worldwide including the popular March and Mycra subcompacts for an ignition problem that may stall the engine
Japan Central Bank Issues Gloomy Growth Forecast
Japan's central bank cut its economic growth forecasts Thursday and kept interest rates near zero, as the export-reliant nation confronts a strong yen
Sharp Rebounds to Profit, Cuts Forecast
A strong yen forced Japan's Sharp Corp. to cut its earnings forecast even as first-half profit rebounded on improved sales of home appliances
Nintendo Sinks into Red for 1st Half
Nintendo sank into the red for the fiscal first half, battered by a rising yen that hurts exports and plunging sales as demand for its ...
Hyundai Profits Match Record on Sales Growth
Hyundai Motor's net profit rose 38 percent in the third quarter on higher sales as growth in emerging markets like China and India helped the ...
Hynix Profits Quadruple to Record on Chip Demand
Hynix Semiconductor, the world's second-largest manufacturer of computer memory chips, said third-quarter net profit more than quadrupled
Wells Fargo Admits Errors in 55,000 Foreclosures
Wells Fargo admitted Wednesday it made mistakes in the paperwork for thousands of foreclosure cases and promised to fix them.
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
P&G Grows Sales on Big Brands, Emerging Markets
Procter & Gamble Co. is slowly luring back budget-battered consumers to its big brands, while attracting new buyers around the globe by getting
New MacBook Air Thin, Pricey, Under-Powered
The first MacBook Air laptop hit the catwalk in 2008 as an elegant but somewhat impractical statement about how far Apple would go to make
Shorter TV Ads Lure More Advertisers
And now, a word from our sponsors. A very brief word. TV commercials are shrinking along with attention spans and advertising budgets.
Durable Goods Orders Rise on Aircraft Demand
A surge in demand for commercial aircraft lifted orders for big-ticket manufactured goods in September, but businesses spent less on products
U.S. Navy Funds, Uses Fuel Made from Algae
The forest green algae bubbling in a stainless steel fermenting tank in a suburban warehouse may look like primordial pond scum, but it is a ...
China Ranks U.S. 1st, Japan 3rd in Competitiveness
The Blue Book of National Competitiveness published by the China Academy of Social Sciences Monday ranked the U.S. first, EU second, Japan third
Yahoo Offers Improved Free Email Service
Yahoo Inc. is sprucing up its free e-mail service in the latest attempt to persuade people to spend more time on its website.
Coach Profits Surge on Price-Cutting Strategy
Coach Inc. said Tuesday strong demand for its luxury handbags both in North America and overseas helped third-quarter net income rise 34 percent.
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