Google Pledged to Obey Law to Earn China Renewal
China renewed Google's Internet license after it pledged to obey censorship laws and stop automatically switching mainland users
Business
China Should Boost Interest Rates Says ADB
China should boost interest rates or allow its currency to strengthen to help curb inflation pressures, the Asian Development Bank said Tuesday.
IBM Posts Higher Q2 Profits, Raises 2010 Guidance
IBM Corp. jacked up its 2010 guidance Monday on the technology company's belief that it can wring more profit from its workhorse
Stock Market Moves Up Despite Weak Housing Data
Stocks rose modestly Monday as investors bought selectively following the market's big slide last week. The Dow Jones
Delta Posts $467 Mil. Q2 Profits
Delta Air Lines reversed a second-quarter loss with what it says is its largest quarterly profit in a decade thanks to strong passenger revenue.
Nokia Siemens Buys Motorola Network
Nokia Siemens Networks says it will acquire the majority of Motorola's wireless operations in a $1.2 billion deal.
Halliburton Profits Jump 83%
Halliburton Co. says its second-quarter profit soared 83 percent as natural gas drilling activity picked up in the U.S.
$21 Bil. in Plane Orders Signals Airline Recovery
Airbus says that Hong Kong Airlines intends to buy $5.7 billion of its widebody A350 and A330 planes.
Europe Stocks Anticipate Wall Street Rebound
European stock markets rose Monday as investors looked past a downgrade of Ireland's public debt and instead bet on a rebound on Wall Street
Phillips Profits Jump 5-Fold on Strong TV Sales
Football fans buying new flat screen televisions to watch the World Cup helped Dutch electronics maker Royal Philips Electronics NV post
Recovery Continues at Slower Pace
Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and fewer cutting jobs
Investors Dump Stocks Despite Strong Profit Reports
Profit is so boring. That's one way to characterize investors' suddenly blase view of Corporate America's single most important figure. Earnings gushed last week like ...
Airbus, Boeing Kick Off Show with Big Orders
Boeing Co. predicts significant new plane orders for itself and European arch rival Airbus at the Farnborough International Airshow
China, Japan Cut U.S. Treasury Holdings in May
China reduced its holdings of U.S. Treasury debt in May as total foreign holdings of government debt posted a slight increase.
Jobs Has Imperfect Response for iPhone Glitch
A perfect iPhone? There's no app for that. Apple Inc. will give free protective cases to buyers of its latest iPhone to prevent reception
GE Profits Rise but Revenues Slip 4%
Cost cutting and an improved financial business helped General Electric Co. post its first increase in quarterly profit since 2007 on Friday
Tiger Woods Endorsements Fall $22 Mil. in 2010
Tiger Woods' estimated endorsements for 2010 are worth $22 million less than last year, according to Sports Illustrated's annual analysis
AT&T Earnings Up 26% on Wireless Growth
AT&T Inc. said Thursday that its earnings rose 26 percent in the latest quarter and raised its forecast for the year, helped by its iPhone-fueled ...
Existing Home Sales Fall 5.1%, Prices Rise
Sales of previously occupied homes fell in June and are expected to keep sinking, indicating that the housing market's troubles
Jobless Claims Jump by 37,000
Seasonal factors boosted new requests for unemployment benefits last week as the job market remains weak amid a slow economic recovery.
GM to Pay $3.5 Bil. for Finance Company
General Motors Co. will buy AmeriCredit Corp. for $3.5 billion, a deal that allows the automaker to expand loans to customers with poor credit
Nokia Earnings Fall 40% on Flat Sales
Nokia Corp. said Thursday that second-quarter net profit fell 40 percent to euro227 million ($290 million) as the world's largest mobile phone
World Stocks Up on Earnings, European Growth
World stock markets brushed aside a downbeat assessment of the U.S. outlook from Federal Reserve chairman Ben Bernanke
Foxconn Hikes Prices to Cover Wage Increases
Foxconn Technology Group, which makes iPhones and other gadgets for global technology companies, plans to charge them more to partly
Flipboard iPad App Makes Magazines from Links
Apple Inc.'s iPad has hatched a new breed of magazines, one filled with a constantly changing mix of articles, photos and videos
US Airways Posts Big Profit, AMR Cuts Loss
US Airways joined Delta and United in posting a big second-quarter profit. American Airlines missed the party.
Stocks Rise in Europe As Asia Slips on U.S. Concerns
European stock markets rose Friday, helped by a late rally on Wall Street overnight, while the euro headed towards $1.30 for the first time
Obama Signs Long-Debated Financial Overhaul Bill
Reveling over a new milestone in his presidency, a triumphant Barack Obama on Wednesday signed into law the most sweeping overhaul of lending
Coca-Cola Net Income Surges on Global Thirst
Coca-Cola Co.'s second-quarter net income climbed 16 percent as the world's largest drink maker sold more soft drinks and juices
Morgan Stanley Reports Big Income Jump
Morgan Stanley says its second-quarter net income jumped to $1.58 billion, easily topping forecasts as its Smith Barney brokerage
Airbus Takes Lead As Farnborough Hits $25 Bil.
Plane makers notched up more orders on the third day of the Farnborough International Airshow on Wednesday — bringing the tally past $25 billion
World Markets Rise on Sweet Apple Earnings
Asian stock markets posted mild gains Wednesday after better-than-expected earnings from technology bellwether Apple nudged Wall Street higher.
BP Raises $7 Bil. with Asset Sale to Apache
BP PLC is moving quickly to secure the money it needs to pay for the spill in the Gulf of Mexico. Just weeks after promising ...
LightSquared to Offer 4G Wireless Network Across US
U.S. consumers and businesses may get more options in wireless service starting next year, with the launch of a new wireless broadband
Asia Stocks Rise, Europe Falls on Goldman Earnings
European stocks and Wall Street futures fell Tuesday after lower than expected earnings from U.S. investment bank Goldman Sachs
Dow Finishes Week Up 5.3% for Year's Best Gain
The stock market ended its best week in a year with another gain Friday as investors bet that companies will report strong second-quarter earnings.
Conde Nast's Reddit Asks Readers for Donations
Though it's owned by a large media company, Reddit needs money, and it's turning to its loyal audience for help.
Hugh Hefner Makes Bid to Take Playboy Private
Hugh Hefner wants to buy out the portion of the Playboy empire he doesn't already own in a bet that the iconic brand can still ...
J&J to Buy Device Maker Micrus for $480 Mil.
Johnson & Johnson said Monday it will pay $480 million for medical device maker Micrus Endovascular, adding a range of treatments
Avon to Buy Silver Jeweler Silpada for $650 Mil.
Avon Products Inc., a direct seller of beauty products, agreed to buy Silpada Designs for at least $650 million in an effort to expand its ...
Asia Stocks Rise on Booming China Trade
Asian stock markets rose Monday, lifted by robust Chinese trade figures that eased worries the global recovery is losing momentum.
Bank of Korea Raises Growth Forecast to 5.9%
South Korea's central bank raised its forecast for the country's economic growth this year to 5.9 percent on solid exports
China Rating Agency Offers Alternative Risk Assessments
A Chinese firm that aims to compete with Western rating agencies declared Washington a worse credit risk than Beijing in its first report on government
China Foreign Reserves Hit $2.45 Trillion
China's foreign reserves reached $2.45 trillion dollars by the end of June, a 15.1 percent increase year on year, the central bank said Sunday.
China June Imports Skyrocket 53%
China's customs agency on Saturday said exports were up 35 percent in June from a year ago, while imports rose almost 53 percent.
Apple iPhone 4 Defective Says Consumer Reports
Consumer Reports said Monday it will not recommend Apple Inc.'s newest iPhone because of reception problems caused by its antenna design.
Toyota Signals Willingness to Raise China Wages
Toyota's president says the company is open to raising the wages of workers in China, where strikes have disrupted the automaker's operations
Peugeot Citroen Signs $1.2 Bil. to Make Cars in China
France's PSA Peugeot Citroen SA signed a deal Friday to set up a euro935 million ($1.2 billion) joint venture to make small, low-emission cars
World Stocks Continue Rise on Korea Rate Hike
World stock markets rose Friday on hopes that global economic growth will prove resilient, with investors viewing a surprise interest rate hike
Bank of Korea Raises Interest on Strong Growth
South Korea's central bank raised its key interest rate Friday from a record low amid prospects for faster growth in the country's economy.
Google Pledged to Obey Law to Earn China Renewal
China renewed Google's Internet license after it pledged to obey censorship laws and stop automatically switching mainland users
China Should Boost Interest Rates Says ADB
China should boost interest rates or allow its currency to strengthen to help curb inflation pressures, the Asian Development Bank said Tuesday.
IBM Posts Higher Q2 Profits, Raises 2010 Guidance
IBM Corp. jacked up its 2010 guidance Monday on the technology company's belief that it can wring more profit from its workhorse
Stock Market Moves Up Despite Weak Housing Data
Stocks rose modestly Monday as investors bought selectively following the market's big slide last week. The Dow Jones
Delta Posts $467 Mil. Q2 Profits
Delta Air Lines reversed a second-quarter loss with what it says is its largest quarterly profit in a decade thanks to strong passenger revenue.
Nokia Siemens Buys Motorola Network
Nokia Siemens Networks says it will acquire the majority of Motorola's wireless operations in a $1.2 billion deal.
Halliburton Profits Jump 83%
Halliburton Co. says its second-quarter profit soared 83 percent as natural gas drilling activity picked up in the U.S.
$21 Bil. in Plane Orders Signals Airline Recovery
Airbus says that Hong Kong Airlines intends to buy $5.7 billion of its widebody A350 and A330 planes.
Europe Stocks Anticipate Wall Street Rebound
European stock markets rose Monday as investors looked past a downgrade of Ireland's public debt and instead bet on a rebound on Wall Street
Phillips Profits Jump 5-Fold on Strong TV Sales
Football fans buying new flat screen televisions to watch the World Cup helped Dutch electronics maker Royal Philips Electronics NV post
Recovery Continues at Slower Pace
Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and fewer cutting jobs
Investors Dump Stocks Despite Strong Profit Reports
Profit is so boring. That's one way to characterize investors' suddenly blase view of Corporate America's single most important figure. Earnings gushed last week like ...
Airbus, Boeing Kick Off Show with Big Orders
Boeing Co. predicts significant new plane orders for itself and European arch rival Airbus at the Farnborough International Airshow
China, Japan Cut U.S. Treasury Holdings in May
China reduced its holdings of U.S. Treasury debt in May as total foreign holdings of government debt posted a slight increase.
Jobs Has Imperfect Response for iPhone Glitch
A perfect iPhone? There's no app for that. Apple Inc. will give free protective cases to buyers of its latest iPhone to prevent reception
GE Profits Rise but Revenues Slip 4%
Cost cutting and an improved financial business helped General Electric Co. post its first increase in quarterly profit since 2007 on Friday
Tiger Woods Endorsements Fall $22 Mil. in 2010
Tiger Woods' estimated endorsements for 2010 are worth $22 million less than last year, according to Sports Illustrated's annual analysis
AT&T Earnings Up 26% on Wireless Growth
AT&T Inc. said Thursday that its earnings rose 26 percent in the latest quarter and raised its forecast for the year, helped by its iPhone-fueled ...
Existing Home Sales Fall 5.1%, Prices Rise
Sales of previously occupied homes fell in June and are expected to keep sinking, indicating that the housing market's troubles
Jobless Claims Jump by 37,000
Seasonal factors boosted new requests for unemployment benefits last week as the job market remains weak amid a slow economic recovery.
GM to Pay $3.5 Bil. for Finance Company
General Motors Co. will buy AmeriCredit Corp. for $3.5 billion, a deal that allows the automaker to expand loans to customers with poor credit
Nokia Earnings Fall 40% on Flat Sales
Nokia Corp. said Thursday that second-quarter net profit fell 40 percent to euro227 million ($290 million) as the world's largest mobile phone
World Stocks Up on Earnings, European Growth
World stock markets brushed aside a downbeat assessment of the U.S. outlook from Federal Reserve chairman Ben Bernanke
Foxconn Hikes Prices to Cover Wage Increases
Foxconn Technology Group, which makes iPhones and other gadgets for global technology companies, plans to charge them more to partly
Flipboard iPad App Makes Magazines from Links
Apple Inc.'s iPad has hatched a new breed of magazines, one filled with a constantly changing mix of articles, photos and videos
US Airways Posts Big Profit, AMR Cuts Loss
US Airways joined Delta and United in posting a big second-quarter profit. American Airlines missed the party.
Stocks Rise in Europe As Asia Slips on U.S. Concerns
European stock markets rose Friday, helped by a late rally on Wall Street overnight, while the euro headed towards $1.30 for the first time
Obama Signs Long-Debated Financial Overhaul Bill
Reveling over a new milestone in his presidency, a triumphant Barack Obama on Wednesday signed into law the most sweeping overhaul of lending
Coca-Cola Net Income Surges on Global Thirst
Coca-Cola Co.'s second-quarter net income climbed 16 percent as the world's largest drink maker sold more soft drinks and juices
Morgan Stanley Reports Big Income Jump
Morgan Stanley says its second-quarter net income jumped to $1.58 billion, easily topping forecasts as its Smith Barney brokerage
Airbus Takes Lead As Farnborough Hits $25 Bil.
Plane makers notched up more orders on the third day of the Farnborough International Airshow on Wednesday — bringing the tally past $25 billion
World Markets Rise on Sweet Apple Earnings
Asian stock markets posted mild gains Wednesday after better-than-expected earnings from technology bellwether Apple nudged Wall Street higher.
BP Raises $7 Bil. with Asset Sale to Apache
BP PLC is moving quickly to secure the money it needs to pay for the spill in the Gulf of Mexico. Just weeks after promising ...
LightSquared to Offer 4G Wireless Network Across US
U.S. consumers and businesses may get more options in wireless service starting next year, with the launch of a new wireless broadband
Asia Stocks Rise, Europe Falls on Goldman Earnings
European stocks and Wall Street futures fell Tuesday after lower than expected earnings from U.S. investment bank Goldman Sachs
Dow Finishes Week Up 5.3% for Year's Best Gain
The stock market ended its best week in a year with another gain Friday as investors bet that companies will report strong second-quarter earnings.
Conde Nast's Reddit Asks Readers for Donations
Though it's owned by a large media company, Reddit needs money, and it's turning to its loyal audience for help.
Hugh Hefner Makes Bid to Take Playboy Private
Hugh Hefner wants to buy out the portion of the Playboy empire he doesn't already own in a bet that the iconic brand can still ...
J&J to Buy Device Maker Micrus for $480 Mil.
Johnson & Johnson said Monday it will pay $480 million for medical device maker Micrus Endovascular, adding a range of treatments
Avon to Buy Silver Jeweler Silpada for $650 Mil.
Avon Products Inc., a direct seller of beauty products, agreed to buy Silpada Designs for at least $650 million in an effort to expand its ...
Asia Stocks Rise on Booming China Trade
Asian stock markets rose Monday, lifted by robust Chinese trade figures that eased worries the global recovery is losing momentum.
Bank of Korea Raises Growth Forecast to 5.9%
South Korea's central bank raised its forecast for the country's economic growth this year to 5.9 percent on solid exports
China Rating Agency Offers Alternative Risk Assessments
A Chinese firm that aims to compete with Western rating agencies declared Washington a worse credit risk than Beijing in its first report on government
China Foreign Reserves Hit $2.45 Trillion
China's foreign reserves reached $2.45 trillion dollars by the end of June, a 15.1 percent increase year on year, the central bank said Sunday.
China June Imports Skyrocket 53%
China's customs agency on Saturday said exports were up 35 percent in June from a year ago, while imports rose almost 53 percent.
Apple iPhone 4 Defective Says Consumer Reports
Consumer Reports said Monday it will not recommend Apple Inc.'s newest iPhone because of reception problems caused by its antenna design.
Toyota Signals Willingness to Raise China Wages
Toyota's president says the company is open to raising the wages of workers in China, where strikes have disrupted the automaker's operations
Peugeot Citroen Signs $1.2 Bil. to Make Cars in China
France's PSA Peugeot Citroen SA signed a deal Friday to set up a euro935 million ($1.2 billion) joint venture to make small, low-emission cars
World Stocks Continue Rise on Korea Rate Hike
World stock markets rose Friday on hopes that global economic growth will prove resilient, with investors viewing a surprise interest rate hike
Bank of Korea Raises Interest on Strong Growth
South Korea's central bank raised its key interest rate Friday from a record low amid prospects for faster growth in the country's economy.
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