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
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.
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.
Sony Returns to Modest Profits
Sony Corp. says it returned to black in the July-September quarter on better sales of its PlayStation gaming consoles and personal computers.
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.
Ford Reports Best Q3 in 20 Years
Ford Motor Co.'s third-quarter net income rose 68 percent as it grabbed a bigger share of the U.S. auto market and buyers paid more for ...
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
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
Sept Consumer Spending Weaker on Income Dip
Americans slowed their spending in September to the weakest pace in three months and their incomes fell for the first time in 14 months.
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.
Mastercard Profits Rise 15% on More Card Use
MasterCard Inc. says heavier use of credit and debit cards overseas helped push third-quarter profits up by nearly 15 percent.
Pfizer Profits Plunge on Wyeth Acquisition Costs
Pharmaceutical giant Pfizer Inc. said Tuesday that revenue in the third quarter jumped 39 percent due to its acquisition of fellow drugmaker Wyeth
Fed to Buy More Bonds in Bid to Boost Economy
With unemployment at 9.6 percent, the Federal Reserve is all but certain this week to launch a new program to try to fortify the economy. ...
Boeing Lifts 20-Year China Forecast on Travel Boom
Boeing Co. raised its 20-year forecast of China's demand for commercial aircraft due to strong economic growth and more competitive Chinese carriers.
U.S. Manufacturing Surged in October
Manufacturing activity expanded last month at the fastest pace since May due to a surge in new orders and production.
Data Storage Maker EMC Buys Isilon for $2.25 Bil.
The data storage company EMC says it has agreed to buy Isilon for $2.25 billion in cash. It is offering $33.85 per share
AIG to Repay $37 Bil. Govt Bailout
AIG said Monday it raised nearly $37 billion from the sale of two foreign insurance units and will use that money to repay a government ...
Lower TV Glass Demand Crimps Corning Profits
Corning Inc. says its profit jumped 22 percent in the third quarter but it missed Wall Street expectations on lower sales of glass for flat-panel ...
Why Jobless Rates Stay High Despite Growth
An economy growing 2 percent a year might be tolerable in normal times. Today, it's a near-disaster.
China Manufacturing Data Lifts Asia Stock Markets
World stock markets rose modestly Monday following a fairly strong Chinese manufacturing survey — but trading was subdued as investors waited
Nissan Unveils Electric Two-Seat Concept Car
Nissan showed a two-seater electric vehicle resembling a go-cart Monday that isn't ready for sale but spotlights the Japanese automaker's ambitions
Galaxy S Lifts Samsung Past HTC in Smart Phones
The success of its Galaxy S has moved Samsung Electronics up into the number 4 spot among smartphone makers wth 7.85 million sold in the ...
Pontiac Laid to Rest After Storied Life
Pontiac, whose muscle cars drag-raced down boulevards, parked at drive-ins and roared across movie screens, is going out of business on Sunday.
India Backs Off Threat to Ban Blackberries
India has followed the United Arab Emirates in backing off from a threat to ban popular services on Blackberry devices, amid growing global concern
YouTube CEO Chad Hurley Moves to Fashion Business
YouTube CEO Chad Hurley is surrendering the reins of the popular video website that he started with two buddies as a quirky curiosity and went ...
Declining Demand Seen for LCDs Despite Solid Profits
Companies that make huge flat-screen televisions and their LCD panel components are alerting investors that demand is dropping in the U.S.
Honda, Mazda Profits Soar Despite Strong Yen
Japanese automakers Honda and Mazda posted hefty profits despite a strengthening yen as the global recovery and government incentives for green
Panasonic Profits Quintuple on LCDs, Auto Electronics
Panasonic, Japan's biggest home appliance maker, said Friday its quarterly profit surged more than fivefold on strong consumer demand despite
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
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.
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.
Sony Returns to Modest Profits
Sony Corp. says it returned to black in the July-September quarter on better sales of its PlayStation gaming consoles and personal computers.
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.
Ford Reports Best Q3 in 20 Years
Ford Motor Co.'s third-quarter net income rose 68 percent as it grabbed a bigger share of the U.S. auto market and buyers paid more for ...
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
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
Sept Consumer Spending Weaker on Income Dip
Americans slowed their spending in September to the weakest pace in three months and their incomes fell for the first time in 14 months.
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.
Mastercard Profits Rise 15% on More Card Use
MasterCard Inc. says heavier use of credit and debit cards overseas helped push third-quarter profits up by nearly 15 percent.
Pfizer Profits Plunge on Wyeth Acquisition Costs
Pharmaceutical giant Pfizer Inc. said Tuesday that revenue in the third quarter jumped 39 percent due to its acquisition of fellow drugmaker Wyeth
Fed to Buy More Bonds in Bid to Boost Economy
With unemployment at 9.6 percent, the Federal Reserve is all but certain this week to launch a new program to try to fortify the economy. ...
Boeing Lifts 20-Year China Forecast on Travel Boom
Boeing Co. raised its 20-year forecast of China's demand for commercial aircraft due to strong economic growth and more competitive Chinese carriers.
U.S. Manufacturing Surged in October
Manufacturing activity expanded last month at the fastest pace since May due to a surge in new orders and production.
Data Storage Maker EMC Buys Isilon for $2.25 Bil.
The data storage company EMC says it has agreed to buy Isilon for $2.25 billion in cash. It is offering $33.85 per share
AIG to Repay $37 Bil. Govt Bailout
AIG said Monday it raised nearly $37 billion from the sale of two foreign insurance units and will use that money to repay a government ...
Lower TV Glass Demand Crimps Corning Profits
Corning Inc. says its profit jumped 22 percent in the third quarter but it missed Wall Street expectations on lower sales of glass for flat-panel ...
Why Jobless Rates Stay High Despite Growth
An economy growing 2 percent a year might be tolerable in normal times. Today, it's a near-disaster.
China Manufacturing Data Lifts Asia Stock Markets
World stock markets rose modestly Monday following a fairly strong Chinese manufacturing survey — but trading was subdued as investors waited
Nissan Unveils Electric Two-Seat Concept Car
Nissan showed a two-seater electric vehicle resembling a go-cart Monday that isn't ready for sale but spotlights the Japanese automaker's ambitions
Galaxy S Lifts Samsung Past HTC in Smart Phones
The success of its Galaxy S has moved Samsung Electronics up into the number 4 spot among smartphone makers wth 7.85 million sold in the ...
Pontiac Laid to Rest After Storied Life
Pontiac, whose muscle cars drag-raced down boulevards, parked at drive-ins and roared across movie screens, is going out of business on Sunday.
India Backs Off Threat to Ban Blackberries
India has followed the United Arab Emirates in backing off from a threat to ban popular services on Blackberry devices, amid growing global concern
YouTube CEO Chad Hurley Moves to Fashion Business
YouTube CEO Chad Hurley is surrendering the reins of the popular video website that he started with two buddies as a quirky curiosity and went ...
Declining Demand Seen for LCDs Despite Solid Profits
Companies that make huge flat-screen televisions and their LCD panel components are alerting investors that demand is dropping in the U.S.
Honda, Mazda Profits Soar Despite Strong Yen
Japanese automakers Honda and Mazda posted hefty profits despite a strengthening yen as the global recovery and government incentives for green
Panasonic Profits Quintuple on LCDs, Auto Electronics
Panasonic, Japan's biggest home appliance maker, said Friday its quarterly profit surged more than fivefold on strong consumer demand despite
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