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Saks Surprises with Q3 Profits

Luxury retailer Saks Inc. eked out a profit for the first time in six quarters, even though its sales fell, by trimming expenses and scaling ...

Coca Cola Bets on China, India for Fast Growth

Coca-Cola Co. seeks to double its business in the next decade as it caters to the expected billion people worldwide who will join the middle ...

Time Warner to Spin Off AOL Dec. 9

Time Warner said Monday that it will spin off its Internet business, AOL Inc., as a separate company on Dec. 9.

Nissan, FedEx Urge Massive Move toward Electric Cars

A group of businessmen on Monday launched a new coalition to urge the federal government to make a major investment in electric transportation, pointing to ...

China Solar Panel Giant to Build Plant in Phoenix

Gov. Jan Brewer on Monday announced plans for a Chinese-owned solar panel maker to build its U.S. headquarters and a manufacturing plant in the Phoenix

Korea Exchange, CME Partner for After-Hours Futures Trading

Exchange operators CME Group Inc. and Korea Exchange Inc. said Monday they will team up to offer customers after-hours futures

Stocks Jump on Upbeat Retail Data

Investors kept the stock market's upward momentum going Monday, sending shares sharply higher after retail sales rebounded more than expected

Exploding Cellphone Use Sets Off War for Radio Spectrum

Wireless devices such as Apple's iPhone are transforming the way we go online, making it possible to look up driving directions, find the nearest coffee ...

Japan Reports Surprising 4.8% Growth in Q3

Japan's economy flexed more muscle than expected in the third quarter, as rekindled demand at home and abroad fueled its largest expansion

GE to Develop Aviation Electronics with China Firm

>General Electric's aviation unit is teaming with Aviation Industry Corp. of China to develop and market electronic systems for commercial aircraft customers

Sands to Resume Macau Casino Resort Construction

U.S. casino operator Las Vegas Sands Corp. plans to resume work in January on its multibillion-dollar gambling resorts in Macau after suspending construction

China Wants U.S. to Raise Rates to Save Recovery

China's top bank regulator said Sunday the weakening U.S. dollar and low interest rates are spurring speculation in stocks and property, distorting global asset prices

Google Cedes Partial Control over Online Library

Internet search leader Google will ease its control over millions of copyright-protected books earmarked for its digital library if a court approves a revised lawsuit ...

Rich Buying Again but Middle Class Still Hurting

American shoppers are splitting again: The affluent are finally starting to buy, picking up designer clothes at places like Nordstrom, while those on the lower ...

Eurozone Emerged from Recession in Q3

The 16-country eurozone has officially joined the United States and Japan out of recession, after figures Friday showed its economy grew by 0.4 percen

World Stocks Rally on Solid Manufacturing Data

World stocks rallied Monday after solid manufacturing surveys rekindled hopes of a strong recovery in the global economy and kicked off a busy week

News Corp Posts Profits on Advertising Rebound

News Corp., whose 20th Century Fox movie studio is still riding the tail wind of "Avatar" in movie theaters, said Tuesday it earned $254 million

Signs of Life in Housing Send Stocks Up

Signs of strength in the housing market pushed the Dow Jones industrial average to its second straight gain of more than 100 points.

GM Sales Up 14% in January, Toyota's Down 16%

Toyota Motor Corp.'s car and truck sales fell 16 percent in January, a month when the automaker recalled millions of vehicles and halted sales of ...

Softbank Profits Soar on iPhone Popularity

Softbank Corp., which operates the only Japanese carrier to offer the iPhone, said profit rose 41 percent in the October-December quarter

Iron-Ore Wars Show Limits of China's Economic Clout

China is pressing to turn its status as the world's biggest steel producer into clout over global miners and cheaper iron ore prices. But its ...

Sony Pictures Lays Off 450 on Declining DVD Sales

Sony Pictures Entertainment is laying off about 450 people mostly in the United States and leaving 100 positions unfilled in order to cut costs

Online Gamer Changyou.com Posts 34% Profit Jump

Changyou.com Ltd., which develops and operates multiplayer online games in China, posted a 34 percent jump in fourth-quarter profit Monday

China Netizens Shrug Off Possible Google Exit

When the online fantasy game "World of Warcraft" was yanked from China last year because of a bureaucratic turf battle, the millions of Chinese

Toyota Prius Brake Complaints Total 180

The Japanese government said Wednesday it has received 14 complaints in Japan about brake problems with Toyota's popular Prius hybrid.

JAL to Choose Between Delta and American Soon

The new leaders of Japan Airlines said Monday the carrier will decide on its alliance partner "as soon as possible" but wouldn't provide a timeframe

Replacement Pedals En Route to Toyota Dealers

Toyota Motor Corp. said Monday its dealers should get parts to fix a sticky gas pedal problem by the end this week as the automaker ...

Korea Posts Biggest Export Jump in 21 Years

South Korea's exports surged in January, posting their biggest gain in more two than decades as shipments of auto parts, semiconductors and consumer

China Manufacturing Grows Despite Tighter Lending

China's manufacturing expanded in January and the outlook was positive despite government efforts to cool inflation by tightening control

Jobless Rate Unlikely to Be Cut Much in 2010

The economy's 5.7 percent growth last quarter — the fastest pace since 2003 — was a step toward shrinking the nation's 10 percent unemployment rate.

Selling on Good News Means Dips for Stocks

It's the spoiled brat market. Dozens of companies this past month posted blow-out earnings but instead of being thankful, investors stomped their feet and sold.

Japan Inc Pays High Price of Smugness

Toyota is the latest Japanese corporate icon making headlines for all the wrong reasons.

Toyota Gas Pedal Fix Gets U.S. Government Blessing

Toyota Motor Corp. plans to start sending parts to dealers in the coming days to fix a sticky gas pedal problem that has tarnished its ...

18 Charged in Theft of Samsung Chip Technology

The world's top producers of computer memory chips are embroiled in an apparent case of industrial espionage after South Korean prosecutors indicted 18

Toyota Chairman Apologizes for Brake Worries

Toyota's president apologized Friday for the massive global recalls over sticking gas pedals as the automaker scrambles to repair a damaged reputation

BMW Sales More Than Double in China

Automaker BMW AG, the world's biggest maker of luxury cars, said Friday that its January sales in China more than doubled from a year earlier.

U.S. Jobless, Greek Debt Crisis Shatter Stock Confidence

World stocks tumbled again Friday as investors worried that the debt crisis enveloping Greece may spread to other vulnerable countries in Europe

Toyota Expands Recall to Priuses Sold in U.S., Japan

Toyota will recall 270,000 Prius hybrid vehicles over brake problems in the United States and Japan, a report said Friday

Feds Oppose Google's Digital Book Deal

The U.S. Justice Department still thinks a proposal to give Google the digital rights to millions of hard-to-find books threatens to stifle competition and undermine ...

IPO Market Suddenly Looks Less Promising

Two IPOs expected to start trading Thursday were delayed as world financial markets continued to decline on concern about the pace of the global economic ...

Southwest Expects Record Revenues in 2010

Last year Southwest Airlines' revenue shrank for the first time ever. Now the CEO says it could rebound with record revenue in 2010.

Firms Boost Productivity Instead of Hiring

Employers are managing to boost production without creating new jobs. The question is when they'll feel the need to ramp up hiring.

Surprising GDP Growth Cheers Markets

The economy's faster-than-expected growth at the end of last year, powered by companies replenishing stockpiles, is likely to weaken as consumers

Toyota Says Flaw in Prius Brakes Fixed Last Month

Toyota acknowledged design problems with the brakes in its prized Prius, adding to the catalog of woes for the Japanese automaker as it reels

Toyota Reports $1.7 Bil. Profit, Raises Forecast

Toyota Motor Corp. returned to profit in the October-December quarter and raised its annual earnings forecast, but analysts warned of a grim outlook

Lenovo Profits Continue Rising on 45% China Growth

Lenovo Group, the fourth-largest personal computer maker, reported its second straight quarterly profit Thursday as strong sales in China drove its recovery

Joojoo Web Tablet Set to Debut Despite Legal Dispute

The Joojoo, a Web-browsing tablet device that's the subject of a high-profile Silicon Valley legal dispute, appears on track to reach early buyers

Estée Lauder Marks Roaring Tiger Year with Special Compact

Estée Lauder is comemorating the Year of the Tiger with a limited edition Tiger compact. The release of this special item

Asia, Europe Stocks Rise on U.S. Housing News

World stock markets jumped Wednesday, following Wall Street higher after encouraging reports about the beleaguered U.S. housing sector helped restore

Honda Profits Soar on Cost-Cutting, Green Cars

Honda's quarterly profit soared sixfold on cost cuts and strong sales of green vehicles, boosting the Japanese automaker's full year forecast