World Markets Boosted by G-20 Stimulus Pledge
World stock markets rose Monday and the dollar fell sharply against the euro after the Group of 20 leading rich and developing countries agreed to ...
Business
China Car Sales Jump 72% in October
Powered by tax cuts and stimulus spending, China's October auto sales soared 72 percent from a year earlier, outpacing U.S. sales for another month
Northrop Sells TASC to Fund Stock Buyback Increase
Northrop Grumman said Sunday it agreed to sell its advisory services business TASC Inc. to private equity firm General Atlantic LLC and affiliates of Kohlberg ...
Fry's, Safeway Prepare for Possible Strike
In less than a week, unionized workers at two Arizona grocery store chains may be walking a picket line instead of stocking shelves and cutting ...
Economic Data Boost Hope Recovery Gaining Momentum
Hopes for the fledgling economic recovery got a boost Monday from better-than-expected news on manufacturing, construction and contracts to buy homes.
India Hopes to Top 7% Growth Rate in 2010
The Indian government is pushing ahead with economic reforms aimed at achieving a growth rate of more than 7 percent next year but will make ...
CBS Sees Ad Sales Bouncing Back
The sale of popular TV shows partly offset a drop in third-quarter advertising revenue at CBS Corp. but the company said ad trends are improving ...
Recovery Won't Keep Unemployment from Passing 10%
The economy is rebounding from its deepest slump since the 1930s, but it probably won't seem that way when the government releases its monthly employment ...
AIG Posts Profit for 2nd Consecutive Quarter
AIG says it was profitable for the second straight quarter as its core insurance operations continue to stabilize after being bailed out by the government ...
World Unemployment Up Despite Emerging Recovery
Despite signs of an economic revival gathering pace around the globe, the millions of people laid off during the worst recession in 70 years are ...
Starbucks Sees More Customers Spending More
More people are visiting Starbucks Corp. coffee shops this year than last, and they're spending more money when they do, an executive said Thursday.
Stocks Surge on Positive Jobs Data, Cisco Forecast
A drop in unemployment claims and an upbeat forecast from Cisco Systems Inc. gave investors a jolt of confidence a day before a key government ...
7 Calif Cities Top Nation in Median Home Values
Many college graduates are passing up industrial centers and former hotspots in the Southwest, which have been hit hard by the recession, in favor of ...
CIT Group Gets $4.5 Bil. More to Restructure Debt
CIT Group Inc., one of the nation's largest lenders to small and mid-sized businesses, said Wednesday it received $4.5 billion in credit from its own ...
New Home Sales Fall Unexpectedly
Shares of homebuilders slid Wednesday as new home sales dropped for the first time in five months.
GM to Post Sales Gains for First Time in 21 Months
General Motors Co. is likely to post its first year-over-year monthly sales gain in 21 months when automakers report sales figures on Tuesday, a top ...
China's Geely in Talks to Buy Volvo from Ford
Ford Motor Co. has picked a consortium led by China's Geely Group as the preferred bidder to buy its Swedish Volvo Cars unit, the U.S. ...
Japan Carmakers Report Record China Production
Japanese automakers are experiencing a production boom in China with Toyota, Honda and Nissan setting records for September — the latest signs of an emerging ...
Asian Markets Fall on U.S. Consumer Sentiment
Global stock markets dropped Wednesday as more signs American consumers were struggling undermined hopes for a stronger turnaround in the world's largest economy.
Ex-AMD CEO Fingered As Leaker in Galleon Case
Chip maker Advanced Micro Devices Inc. is "thoroughly reviewing" published reports fingering former chairman and CEO Hector Ruiz as the AMD executive who gave confidential ...
GMAC in Talks with Treasury for 3rd Round of Bailout
GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline ...
Q3 Data to Show Recession Ended but Doubts Persist
The economy appears back on its feet after being knocked over by the worst recession since the 1930s.
Bill Zeroes in on Overseas Tax-Dodge Schemes
Key lawmakers unveiled a bill Tuesday aiming to crack down on wealthy tax dodgers hiding money overseas.
IBM Adds $5 Bil. to Share Buyback Program
IBM Corp. has boosted its stock buyback program by $5 billion, a sign of the company's ability to spit out cash despite the fact the ...
Nissan Unveils New Platform for Global Minicars
It has become a vexing, billion-dollar question for the world's automakers: How do you build small, cheap cars profitably?
Honda Avoids Loss, Forecasts Surprising Profits
Japanese government incentives for green cars and strong sales in China helped Honda Motor Co. avoid red ink for the first half and raise its ...
Newspapers Report Record Circulation Losses
Circulation at newspapers shrank at an accelerated pace in the past six months, driven in part by stiff price increases imposed by publishers scrambling to ...
Recession Over but Suffering Continues
It's about to become official: The recession is over — but not the pain. The government will release figures this week expected to show that ...
Hertz Boosts Earnings Guidance for 2009
Hertz Global Holdings Inc. on Monday raised its earnings guidance for the year by more than 40 percent
Japan Jobless Rate Falls for 2nd Straight Month
Japan's unemployment rate fell for the second straight month as companies gained more confidence in the stimulus-fueled global recovery but prices continued to tumble
Global Chip Sales Improve, Still Below 2008 Levels
Global semiconductor sales continued to improve in the third quarter, according to an industry trade group, though revenue remains below year-ago levels.
Ford Reports $1 Bil. Q3 Profits
Ford Motor Co. earned $1 billion in the third quarter, fueled by U.S. market share gains, cost cuts and the government's Cash for Clunkers rebates.
Equipment Spending Growth Boosts Eonomy
Businesses are finally willing to spend more money on equipment, a healthy sign for the economic recovery.
China's Manufacturing Grows for 8th Straight Month
China's manufacturing sector expanded for the eighth straight month in October, pointing to further signs that the recovering economy is on firmer ground
AIG Scraps Plans to Sell Japanese Units
American International Group Inc. has dropped plans to sell two Japanese subsidiaries, according to a published report
China's Small-Cap Market Opens for Trading
A new Chinese stock exchange meant to nurture small and high-tech enterprises, modeled on the U.S.-based Nasdaq market
Samsung Profits Triple on Booming Sales
Samsung Electronics Co. said third-quarter net profit tripled to a record amid higher prices for computer memory chips and increased sales of consumer products
iPhone Reaches China Without WiFi Access
Apple's iPhone is making its long-awaited formal debut in the world's most populous mobile phone market, without a key feature and at higher prices
New England Recovery Slower Than Nation's
The worst of the recession may be over, but a new economic forecast points to a "slow and weak recovery" in the New England states, ...
Strong GDP Growth, Weak Dollar Drive Up Commodities
Commodities prices rebounded Thursday, buoyed by a falling dollar and a stronger-than-expected reading on the economy.
Consumers Return to Pricier Name Brands
Signs of an improving economy might be in your kitchen or bathroom cupboards. Consumers are showing a willingness to pay a little more
China to Invest $1.5 Bil. in Texas Wind Farm
China took a big leap into the U.S. renewable energy market Thursday, putting up $1.5 billion for a 36,000-acre wind farm in Texas with the ...
Hawaii Gov to Woo Big Spenders from China
Gov. Linda Lingle will leave on Friday for a two-week excursion to China where she intends to sell Hawaii as a tourism destination and to ...
Alcoa Working with China on Jetliner Development
Alcoa Inc. said Thursday it is working with China on the development of the country's newest and biggest commercial jetliner.
Asia Stocks Continue Slide on Weak U.S. Data
Asian stock markets fell for a third day Thursday after signs of weakness in the U.S. housing market added to fears about the health of ...
Oil Prices Slump on Surprising Gas Supplies
Oil prices hung below $78 a barrel Thursday in Asia as an unexpected jump in U.S. gasoline supplies cast doubt on the strength of a ...
Dollar Rises, Stocks Fall on Weak Economic Data
Signs of a subdued economic recovery sent investors out of stocks Thursday and in search of safer assets like the dollar.
Gold Hits Record High As World Markets Rally
World markets rose sharply Monday amid further hopeful signs about the economic recovery. Commodity stocks led the charge, particularly in London
California Squeezes into Europe's Olive Oil Monopoly
An oil boom is under way in California's agricultural heartland, as evolving tastes and a trend toward healthy fare have transformed a profession
Employers to Add Jobs Starting Q1
Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010, but they predict consumers will continue
World Markets Boosted by G-20 Stimulus Pledge
World stock markets rose Monday and the dollar fell sharply against the euro after the Group of 20 leading rich and developing countries agreed to ...
China Car Sales Jump 72% in October
Powered by tax cuts and stimulus spending, China's October auto sales soared 72 percent from a year earlier, outpacing U.S. sales for another month
Northrop Sells TASC to Fund Stock Buyback Increase
Northrop Grumman said Sunday it agreed to sell its advisory services business TASC Inc. to private equity firm General Atlantic LLC and affiliates of Kohlberg ...
Fry's, Safeway Prepare for Possible Strike
In less than a week, unionized workers at two Arizona grocery store chains may be walking a picket line instead of stocking shelves and cutting ...
Economic Data Boost Hope Recovery Gaining Momentum
Hopes for the fledgling economic recovery got a boost Monday from better-than-expected news on manufacturing, construction and contracts to buy homes.
India Hopes to Top 7% Growth Rate in 2010
The Indian government is pushing ahead with economic reforms aimed at achieving a growth rate of more than 7 percent next year but will make ...
CBS Sees Ad Sales Bouncing Back
The sale of popular TV shows partly offset a drop in third-quarter advertising revenue at CBS Corp. but the company said ad trends are improving ...
Recovery Won't Keep Unemployment from Passing 10%
The economy is rebounding from its deepest slump since the 1930s, but it probably won't seem that way when the government releases its monthly employment ...
AIG Posts Profit for 2nd Consecutive Quarter
AIG says it was profitable for the second straight quarter as its core insurance operations continue to stabilize after being bailed out by the government ...
World Unemployment Up Despite Emerging Recovery
Despite signs of an economic revival gathering pace around the globe, the millions of people laid off during the worst recession in 70 years are ...
Starbucks Sees More Customers Spending More
More people are visiting Starbucks Corp. coffee shops this year than last, and they're spending more money when they do, an executive said Thursday.
Stocks Surge on Positive Jobs Data, Cisco Forecast
A drop in unemployment claims and an upbeat forecast from Cisco Systems Inc. gave investors a jolt of confidence a day before a key government ...
7 Calif Cities Top Nation in Median Home Values
Many college graduates are passing up industrial centers and former hotspots in the Southwest, which have been hit hard by the recession, in favor of ...
CIT Group Gets $4.5 Bil. More to Restructure Debt
CIT Group Inc., one of the nation's largest lenders to small and mid-sized businesses, said Wednesday it received $4.5 billion in credit from its own ...
New Home Sales Fall Unexpectedly
Shares of homebuilders slid Wednesday as new home sales dropped for the first time in five months.
GM to Post Sales Gains for First Time in 21 Months
General Motors Co. is likely to post its first year-over-year monthly sales gain in 21 months when automakers report sales figures on Tuesday, a top ...
China's Geely in Talks to Buy Volvo from Ford
Ford Motor Co. has picked a consortium led by China's Geely Group as the preferred bidder to buy its Swedish Volvo Cars unit, the U.S. ...
Japan Carmakers Report Record China Production
Japanese automakers are experiencing a production boom in China with Toyota, Honda and Nissan setting records for September — the latest signs of an emerging ...
Asian Markets Fall on U.S. Consumer Sentiment
Global stock markets dropped Wednesday as more signs American consumers were struggling undermined hopes for a stronger turnaround in the world's largest economy.
Ex-AMD CEO Fingered As Leaker in Galleon Case
Chip maker Advanced Micro Devices Inc. is "thoroughly reviewing" published reports fingering former chairman and CEO Hector Ruiz as the AMD executive who gave confidential ...
GMAC in Talks with Treasury for 3rd Round of Bailout
GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline ...
Q3 Data to Show Recession Ended but Doubts Persist
The economy appears back on its feet after being knocked over by the worst recession since the 1930s.
Bill Zeroes in on Overseas Tax-Dodge Schemes
Key lawmakers unveiled a bill Tuesday aiming to crack down on wealthy tax dodgers hiding money overseas.
IBM Adds $5 Bil. to Share Buyback Program
IBM Corp. has boosted its stock buyback program by $5 billion, a sign of the company's ability to spit out cash despite the fact the ...
Nissan Unveils New Platform for Global Minicars
It has become a vexing, billion-dollar question for the world's automakers: How do you build small, cheap cars profitably?
Honda Avoids Loss, Forecasts Surprising Profits
Japanese government incentives for green cars and strong sales in China helped Honda Motor Co. avoid red ink for the first half and raise its ...
Newspapers Report Record Circulation Losses
Circulation at newspapers shrank at an accelerated pace in the past six months, driven in part by stiff price increases imposed by publishers scrambling to ...
Recession Over but Suffering Continues
It's about to become official: The recession is over — but not the pain. The government will release figures this week expected to show that ...
Hertz Boosts Earnings Guidance for 2009
Hertz Global Holdings Inc. on Monday raised its earnings guidance for the year by more than 40 percent
Japan Jobless Rate Falls for 2nd Straight Month
Japan's unemployment rate fell for the second straight month as companies gained more confidence in the stimulus-fueled global recovery but prices continued to tumble
Global Chip Sales Improve, Still Below 2008 Levels
Global semiconductor sales continued to improve in the third quarter, according to an industry trade group, though revenue remains below year-ago levels.
Ford Reports $1 Bil. Q3 Profits
Ford Motor Co. earned $1 billion in the third quarter, fueled by U.S. market share gains, cost cuts and the government's Cash for Clunkers rebates.
Equipment Spending Growth Boosts Eonomy
Businesses are finally willing to spend more money on equipment, a healthy sign for the economic recovery.
China's Manufacturing Grows for 8th Straight Month
China's manufacturing sector expanded for the eighth straight month in October, pointing to further signs that the recovering economy is on firmer ground
AIG Scraps Plans to Sell Japanese Units
American International Group Inc. has dropped plans to sell two Japanese subsidiaries, according to a published report
China's Small-Cap Market Opens for Trading
A new Chinese stock exchange meant to nurture small and high-tech enterprises, modeled on the U.S.-based Nasdaq market
Samsung Profits Triple on Booming Sales
Samsung Electronics Co. said third-quarter net profit tripled to a record amid higher prices for computer memory chips and increased sales of consumer products
iPhone Reaches China Without WiFi Access
Apple's iPhone is making its long-awaited formal debut in the world's most populous mobile phone market, without a key feature and at higher prices
New England Recovery Slower Than Nation's
The worst of the recession may be over, but a new economic forecast points to a "slow and weak recovery" in the New England states, ...
Strong GDP Growth, Weak Dollar Drive Up Commodities
Commodities prices rebounded Thursday, buoyed by a falling dollar and a stronger-than-expected reading on the economy.
Consumers Return to Pricier Name Brands
Signs of an improving economy might be in your kitchen or bathroom cupboards. Consumers are showing a willingness to pay a little more
China to Invest $1.5 Bil. in Texas Wind Farm
China took a big leap into the U.S. renewable energy market Thursday, putting up $1.5 billion for a 36,000-acre wind farm in Texas with the ...
Hawaii Gov to Woo Big Spenders from China
Gov. Linda Lingle will leave on Friday for a two-week excursion to China where she intends to sell Hawaii as a tourism destination and to ...
Alcoa Working with China on Jetliner Development
Alcoa Inc. said Thursday it is working with China on the development of the country's newest and biggest commercial jetliner.
Asia Stocks Continue Slide on Weak U.S. Data
Asian stock markets fell for a third day Thursday after signs of weakness in the U.S. housing market added to fears about the health of ...
Oil Prices Slump on Surprising Gas Supplies
Oil prices hung below $78 a barrel Thursday in Asia as an unexpected jump in U.S. gasoline supplies cast doubt on the strength of a ...
Dollar Rises, Stocks Fall on Weak Economic Data
Signs of a subdued economic recovery sent investors out of stocks Thursday and in search of safer assets like the dollar.
Gold Hits Record High As World Markets Rally
World markets rose sharply Monday amid further hopeful signs about the economic recovery. Commodity stocks led the charge, particularly in London
California Squeezes into Europe's Olive Oil Monopoly
An oil boom is under way in California's agricultural heartland, as evolving tastes and a trend toward healthy fare have transformed a profession
Employers to Add Jobs Starting Q1
Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010, but they predict consumers will continue
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