China Renews Google's Web Operating License
Google CEO Eric Schmidt said Thursday he expects Beijing to renew the license the company needs to continue operating a website in China.
Business
Rising Costs Force Big Shift from South Coastal China
Factory workers demanding better wages and working conditions are hastening the eventual end of an era of cheap costs that helped make southern
New Jobless Claims Drop Sharply
New claims for unemployment benefits dropped sharply last week, a sign that layoffs could be slowing. At the same time, hundreds of thousands
Tepid June Retail Sales Separate Winners, Losers
Americans focused on deeply discounted clothing that they needed in June amid escalating worries about jobs, resulting in sluggish sales for many retailers
China Economy Grew 11.1% During First Half of 2010
China's rapid growth is slowing as the impact of its massive stimulus eases and Beijing clamps down on a credit boom.
Agri Bank Shares Creep Up in HK After $22.1 Bil. IPO
Agricultural Bank of China's shares inched up in trading on the Hong Kong stock exchange Friday, despite a tepid reception in Shanghai
Google Q2 Shares Fall on Rising Payroll Costs
Google Inc. is doing its part to stimulate the economy and hurting its stock in the process. With its payroll
Europe Debt Crisis Eases on News from Germany, Spain
Europe got scraps of positive news Thursday in its battle to overcome a government debt crisis, as Germany cut its budget deficit forecast
Apple to Address iPhone 4 Antenna Problem Friday
Apple Inc. said it will hold a press conference on Friday to discuss the latest iPhone model, which has been beset by complaints
Wholesale Prices Fall for 3rd Consecutive Month
Wholesale prices fell for a third consecutive month as another drop in energy costs and the biggest plunge in food costs in eight years banished
New Jobless Claims Fall Sharply Again
New applications for unemployment benefits fell sharply last week as General Motors and other manufacturers skipped their usual summer shutdowns.
JPMorgan Profits Soar to $4.8 Bil. in Q2
JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from failed loans
Novartis Q2 Profits Up 19% to $2.44 Bil.
Drug maker Novartis AG has reported a second-quarter increase in net profit of 19 percent to US$2.44 billion on strong sales.
2010 Foreclosures to Pass 1 Mil. for First Time
More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog
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 ...
Asian Stocks Slip on U.S. Slowdown Concerns
Asian stock markets retreated Thursday after disappointing news on the U.S. economy chilled sentiment in Asia.
Turkey Emerges As Global Construction Power
An army of Turkish cranes and bulldozers is at work across the Middle East, Central Asia and Africa, building dams, stadiums and highways
Asian Stocks Jump on Intel Earnings, Singapore Growth
Asian stock markets jumped Wednesday, powered by better-than-expected earnings from chipmaking giant Intel Corp. and Singapore's forecast
Intel Posts Biggest Quarterly Profit in Decade
Intel Corp. has booked its largest quarterly net income in a decade as the chipmaker benefits from a stronger computer market
Federal Deficit Tops $1 Tril. with 3 Months Left
The federal deficit has topped $1 trillion with three months still to go in the budget year, showing the lasting impact of the recession
Trade Deficit Jumps As Import Growth Outpaces Exports
The trade deficit rose in May to an 18-month peak as rising imports offset another solid gain in U.S. exports. The surge in imports was ...
Nissan Leads Japan Car Outsourcing with Thai-Made March
Nissan took the wraps off its new March subcompact Tuesday, which is being manufactured in Thailand for sale in Japan, underlining a trend for Japanese
Europe Stocks Rise on Alcoa Earnings, Asia Slips
Asian stock markets rose Tuesday as sentiment strengthened on better-than-expected earnings results from US aluminum maker Alcoa Inc.
Ford May Be About to Discontinue Mercury Line
Mercury could soon be the latest Detroit car brand to disappear. Ford Motor Co. is assessing the future of Mercury, although a final decision
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 ...
Japan Factory Output Up for 2nd Straight Month
Japan's industrial production rose for a second straight month in April propelled by robust growth in China and the rest of Asia.
April Consumer Spending Hints at Slow Recovery
Consumer spending was stagnant in April while incomes posted a tiny advance, signs that the economic recovery could slow.
iPad Launch Draws Long Lines in Asia, Europe
Shoppers are mobbing Apple's flagship store in London in hopes of getting the gadget of the moment — the iPad.
Suicide-Plagued Foxconn Raises Worker Wages
The Taiwanese electronics company buffeted by a spate of suicides at its China factories said Friday it will raise the pay of workers by an ...
Japan Carmakers Enjoy Sales, Export Boom in April
Japan's biggest automakers posted major production and sales gains in April, as robust growth in China and elsewhere in Asia continued to fuel demand.
iPad Sales Hit 2 Mil. Mark
Apple Inc. said Monday that iPad sales have topped 2 million since its launch nearly two months ago.
J&J Probed for "Phantom Recall" of Pain Relievers
Congressional investigators said Wednesday that Johnson & Johnson hired a private company that bought up defective packets of pain relievers in 2008
Stocks Surge on Word China to Hold European Debt
Stocks had another turnaround Thursday and rocketed higher after China reassured investors it doesn't plan to sell the European debt it holds.
Tiffany Profits Double on Soaring Asia Sales
Jewelry and gift seller Tiffany & Co.'s net income more than doubled in the first quarter as its revenue rose in the U.S. and soared ...
Costco Profits Jump 46% on Sales, Memberships
Costco Wholesale Corp.'s profit climbed 46 percent in the fiscal third quarter as sales and membership revenue both rose.
Honda China Plant Stopped by Worker Strike
Honda's four auto assembly plants in China have ground to a halt after workers at a parts maker went on strike demanding better wages.
Asia, Europe Stocks Rise on Asian, U.S. Data
World stocks rose Thursday as investors put Europe's debt problems behind them — for now — and instead concentrated on strong Asian economic growth
China's Stock Market Defies Robust Real Growth
Shanghai has Wall Street-size ambitions for its financial markets, and this month, it got a charging bronze bull to match those aspirations.
Asian Stocks Fall on Europe Debt Fears
Asian stock markets fell in early trading Thursday after the Dow Jones industrial average closed below the 10,000 line for the first time in nearly
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
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
Data Suggests Jobs Being Added Slowly
Fewer people are filing claims for unemployment aid, new jobs are showing up in service industries, and companies are squeezing all they can
U.S. Equipment Maker Logs Sizzling China Growth
Mining equipment maker Joy Global Inc. said Thursday its efforts to grab more business in the booming steel and power producing markets in China
Slowing Productivity Growth Seen As Hopeful Sign
Productivity grew at a slower rate in the first three months of the year than previously thought, a possible sign that businesses are reaching the ...
Jobless Claims Drop for 2nd Straight Week
New claims for unemployment insurance fell for the second straight week, fresh evidence the job market is slowly improving.
Airline Recovery Quickens on Asia, U.S. Growth
The aviation industry could recover within two years from the global economic downturn, as growth in the U.S. and Asia offsets weaker demand in Europe
May Retail Report Shows Spending Slowed
Retailers are reporting tepid business in May after cool weather and fresh concerns about the economy had shoppers cutting spending
China Renews Google's Web Operating License
Google CEO Eric Schmidt said Thursday he expects Beijing to renew the license the company needs to continue operating a website in China.
Rising Costs Force Big Shift from South Coastal China
Factory workers demanding better wages and working conditions are hastening the eventual end of an era of cheap costs that helped make southern
New Jobless Claims Drop Sharply
New claims for unemployment benefits dropped sharply last week, a sign that layoffs could be slowing. At the same time, hundreds of thousands
Tepid June Retail Sales Separate Winners, Losers
Americans focused on deeply discounted clothing that they needed in June amid escalating worries about jobs, resulting in sluggish sales for many retailers
China Economy Grew 11.1% During First Half of 2010
China's rapid growth is slowing as the impact of its massive stimulus eases and Beijing clamps down on a credit boom.
Agri Bank Shares Creep Up in HK After $22.1 Bil. IPO
Agricultural Bank of China's shares inched up in trading on the Hong Kong stock exchange Friday, despite a tepid reception in Shanghai
Google Q2 Shares Fall on Rising Payroll Costs
Google Inc. is doing its part to stimulate the economy and hurting its stock in the process. With its payroll
Europe Debt Crisis Eases on News from Germany, Spain
Europe got scraps of positive news Thursday in its battle to overcome a government debt crisis, as Germany cut its budget deficit forecast
Apple to Address iPhone 4 Antenna Problem Friday
Apple Inc. said it will hold a press conference on Friday to discuss the latest iPhone model, which has been beset by complaints
Wholesale Prices Fall for 3rd Consecutive Month
Wholesale prices fell for a third consecutive month as another drop in energy costs and the biggest plunge in food costs in eight years banished
New Jobless Claims Fall Sharply Again
New applications for unemployment benefits fell sharply last week as General Motors and other manufacturers skipped their usual summer shutdowns.
JPMorgan Profits Soar to $4.8 Bil. in Q2
JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from failed loans
Novartis Q2 Profits Up 19% to $2.44 Bil.
Drug maker Novartis AG has reported a second-quarter increase in net profit of 19 percent to US$2.44 billion on strong sales.
2010 Foreclosures to Pass 1 Mil. for First Time
More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog
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 ...
Asian Stocks Slip on U.S. Slowdown Concerns
Asian stock markets retreated Thursday after disappointing news on the U.S. economy chilled sentiment in Asia.
Turkey Emerges As Global Construction Power
An army of Turkish cranes and bulldozers is at work across the Middle East, Central Asia and Africa, building dams, stadiums and highways
Asian Stocks Jump on Intel Earnings, Singapore Growth
Asian stock markets jumped Wednesday, powered by better-than-expected earnings from chipmaking giant Intel Corp. and Singapore's forecast
Intel Posts Biggest Quarterly Profit in Decade
Intel Corp. has booked its largest quarterly net income in a decade as the chipmaker benefits from a stronger computer market
Federal Deficit Tops $1 Tril. with 3 Months Left
The federal deficit has topped $1 trillion with three months still to go in the budget year, showing the lasting impact of the recession
Trade Deficit Jumps As Import Growth Outpaces Exports
The trade deficit rose in May to an 18-month peak as rising imports offset another solid gain in U.S. exports. The surge in imports was ...
Nissan Leads Japan Car Outsourcing with Thai-Made March
Nissan took the wraps off its new March subcompact Tuesday, which is being manufactured in Thailand for sale in Japan, underlining a trend for Japanese
Europe Stocks Rise on Alcoa Earnings, Asia Slips
Asian stock markets rose Tuesday as sentiment strengthened on better-than-expected earnings results from US aluminum maker Alcoa Inc.
Ford May Be About to Discontinue Mercury Line
Mercury could soon be the latest Detroit car brand to disappear. Ford Motor Co. is assessing the future of Mercury, although a final decision
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 ...
Japan Factory Output Up for 2nd Straight Month
Japan's industrial production rose for a second straight month in April propelled by robust growth in China and the rest of Asia.
April Consumer Spending Hints at Slow Recovery
Consumer spending was stagnant in April while incomes posted a tiny advance, signs that the economic recovery could slow.
iPad Launch Draws Long Lines in Asia, Europe
Shoppers are mobbing Apple's flagship store in London in hopes of getting the gadget of the moment — the iPad.
Suicide-Plagued Foxconn Raises Worker Wages
The Taiwanese electronics company buffeted by a spate of suicides at its China factories said Friday it will raise the pay of workers by an ...
Japan Carmakers Enjoy Sales, Export Boom in April
Japan's biggest automakers posted major production and sales gains in April, as robust growth in China and elsewhere in Asia continued to fuel demand.
iPad Sales Hit 2 Mil. Mark
Apple Inc. said Monday that iPad sales have topped 2 million since its launch nearly two months ago.
J&J Probed for "Phantom Recall" of Pain Relievers
Congressional investigators said Wednesday that Johnson & Johnson hired a private company that bought up defective packets of pain relievers in 2008
Stocks Surge on Word China to Hold European Debt
Stocks had another turnaround Thursday and rocketed higher after China reassured investors it doesn't plan to sell the European debt it holds.
Tiffany Profits Double on Soaring Asia Sales
Jewelry and gift seller Tiffany & Co.'s net income more than doubled in the first quarter as its revenue rose in the U.S. and soared ...
Costco Profits Jump 46% on Sales, Memberships
Costco Wholesale Corp.'s profit climbed 46 percent in the fiscal third quarter as sales and membership revenue both rose.
Honda China Plant Stopped by Worker Strike
Honda's four auto assembly plants in China have ground to a halt after workers at a parts maker went on strike demanding better wages.
Asia, Europe Stocks Rise on Asian, U.S. Data
World stocks rose Thursday as investors put Europe's debt problems behind them — for now — and instead concentrated on strong Asian economic growth
China's Stock Market Defies Robust Real Growth
Shanghai has Wall Street-size ambitions for its financial markets, and this month, it got a charging bronze bull to match those aspirations.
Asian Stocks Fall on Europe Debt Fears
Asian stock markets fell in early trading Thursday after the Dow Jones industrial average closed below the 10,000 line for the first time in nearly
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
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
Data Suggests Jobs Being Added Slowly
Fewer people are filing claims for unemployment aid, new jobs are showing up in service industries, and companies are squeezing all they can
U.S. Equipment Maker Logs Sizzling China Growth
Mining equipment maker Joy Global Inc. said Thursday its efforts to grab more business in the booming steel and power producing markets in China
Slowing Productivity Growth Seen As Hopeful Sign
Productivity grew at a slower rate in the first three months of the year than previously thought, a possible sign that businesses are reaching the ...
Jobless Claims Drop for 2nd Straight Week
New claims for unemployment insurance fell for the second straight week, fresh evidence the job market is slowly improving.
Airline Recovery Quickens on Asia, U.S. Growth
The aviation industry could recover within two years from the global economic downturn, as growth in the U.S. and Asia offsets weaker demand in Europe
May Retail Report Shows Spending Slowed
Retailers are reporting tepid business in May after cool weather and fresh concerns about the economy had shoppers cutting spending
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