Foreign Donuteers Assault China's Picky Snackers
Patrick Lin is sure he can succeed where others have failed, and get the Chinese hooked on doughnuts.
Business
China Raises Reserves to Cool Lending
China ordered banks Friday to increase reserves for a second time in a month to cool a credit boom without resorting to interest rate hikes
Toyota Bids to Regain Trust by Widening Disclosure
Toyota said Friday it's planning a new level of disclosure about car problems that would go beyond what the automaker is legally required to reveal
GE Cut 6% of Workforce in 2009
General Electric's overall work force fell by about 6 percent worldwide in 2009 as it struggled to deal with the effects of the deep recession
Campbell Soup Profits Up Despite Falling Sales
Campbell Soup Co.'s second-quarter profit rose on cost controls and favorable exchange rates even as U.S. soup sales waned.
Asian Stocks Rebound from U.S. Rate Hike Shock
Asian stock markets rose sharply Monday, recovering from a tumble last week when the U.S. central bank decided to pull back one of its emergency ...
Toyota Boasted of Saving $100 Mil. on Floor Mat Recall
Toyota officials claimed they saved the company $100 million by successfully negotiating with the government on a limited recall of floor mats in some Toyota ...
Toyota Dealers Launch Own Campaign to Reclaim Image
How rattled are Toyota dealers about the company's problems? Some dealerships nearly hired the same crisis public relations firm that handled the travails of socialite ...
China Tightens Bank Lending Rules
Banking regulators in China have ordered institutions to tighten controls on risk and carefully scrutinize borrowers' ability to pay their debts
Obama Proposes Simple Fix for Social Security
President Barack Obama says Social Security is slowly running out of money but that it can exist well into the future with a slight fix.
FDIC Shutters Banks in Calif., Fla., Texas, Ill.
Regulators shut four banks from California to Florida on Friday, boosting to 20 the number of U.S. bank failures this year following the 140 closures
Google Pays $125 Mil. for Video Compression Firm
Google Inc. said Friday that it finished its $124.6 million purchase of On2 Technologies Inc. after shareholders of On2 voted to approve the deal.
Motorola to Split into 2 Companies
Struggling technology company Motorola Inc. said Thursday it plans to split in two in early 2011 — with one half containing its consumer-focused mobile phone ...
Nokia Fights to Keep Edge Against Apple, RIM
Nokia Corp. may be the world's top cell phone maker, but it's no longer a trendsetter, as a host of inventive and alluring technologies from ...
Nestle Reports $10 Bil. Year Profits on Solid Growth
Swiss food and drinks company Nestle SA reported a full-year net profit of 10.4 billion Swiss francs ($9.55 billion) Friday, a significant drop
Singapore Expects Up to 6.5% GDP Growth
Singapore raised its 2010 GDP forecast and now expects the city-state's economy to grow as much as 6.5 percent after contracting last year.
Manufacturing Growth Offsets Jobless Rate, Lifts Stocks
The stock market edged higher as news of stronger regional manufacturing offset concerns about unemployment and weak sales at Wal-Mart.
Bayer Regeneron Eye Drug Meets Study Goal
Regeneron Pharmaceuticals Inc. and Bayer HealthCare AG said Thursday their developing VEGF Trap-Eye drug met key vision improvement goals
Wal-Mart Profits Jump Amid Declining Sales
Wal-Mart Stores Inc. reported a 22 percent increase in its fourth-quarter profit as the world's largest retailer cut costs and slimmed down its inventories.
Daimler's Q4 Loss Bigger Than Expected
German car and truck maker Daimler AG lost €352 million ($482 million) in the fourth quarter amid the global economic slump, contributing to a larger-than-expected ...
Power Struggle Scuttles Suntory-Kirin Merger
A clash over control has scuttled plans for Japanese beermaker Kirin Holdings Co. and smaller rival Suntory Holdings Ltd. to create one of the world's
HK Animation Studio Behind TMNT, Astroboy Shuts Down
The Hong Kong studio behind "TMNT" and "Astro Boy" has shut down as its parent company tries to recover from losses.
Nissan Returned to Profit in Q4
Japanese carmaker Nissan Motor Co. said Tuesday it booked a profit in the October-December quarter after a deep loss a year earlier
Apple Wins Smart Phone Sales at Blackberry's Expense
Apple Inc.'s iPhone gained a percentage point of U.S. smart phone market share while BlackBerry maker Research in Motion Inc. lost a point in the ...
Dow Closes Below 10,000 for First Time in 3 Months
The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.
Toyota Plans to Recall 300,000 Priuses
Toyota plans to recall about 300,000 Prius hybrids worldwide over a brake problem and is likely to notify both the U.S. and Japanese governments Tuesday
Asian Stocks Fall on Europe Debt Fears
Asian stock markets extended their slide Monday, after Wall Street notched its fourth straight weekly drop, amid worries over risks from debt troubles
U.S. Economic Stress Peaked in December
Weakness in Western energy-producing states helped raise the average U.S. county's economic stress in December to its highest point since the recession
European Stocks Rise Past Debt Fears on Bargain-Hunting
European markets rebounded Monday as investors looked past a slump in Asia and set aside worries about debt problems in countries like Greece and Portugal
German Exports Fell Most in 60 Years
German exports tumbled by nearly one-fifth last year, the biggest fall for 60 years and one that officially knocked the country off its perch
Toyota May Benefit from Powerful Friends in D.C.
Toyota has friends in high places in Washington, including some of the very people now investigating the Japanese automaker.
Toyota Expected to Announce Prius Recall
Toyota said Sunday that it will soon announce plans to deal with braking problems in its prized Prius hybrid amid reports it has decided to ...
Boeing 747-8 Freighter Set for Monday Test Flight
Boeing Co.'s giant 747-8 freighter should make its first flight Monday after performing well on taxi tests and reaching a top speed of about 103.5 ...
PayPal Suspends Some Transactions in India
The online payments service PayPal has taken the unusual step of suspending many transactions in India for more than a week.
Australian Coal Miner Inks Record Export Deal with China
Australian company Resourcehouse Ltd. said Saturday that it has struck a $60 billion, 20-year agreement to supply coal to China Power International Development Ltd.
Indian Man Pleads Guilty to Stock Brokerage Hacking Scheme
An Indian man has pleaded guilty to participating in a scheme to access online brokerage accounts to jack up stock prices and reap thousands of ...
Dollar Surges Against Euro on Greek Debt Crisis
The dollar surged Friday to its highest level against the euro since last May as the U.S. lost more jobs in January and amid mounting ...
Opera to Unveil Unapproved Browser for iPhone
Opera Software ASA announced Wednesday that it will unveil an iPhone version of its Opera Mini mobile phone browser at an international tech conference
Yang, Filo to Sell 5 Million Shares of Yahoo
The founders of search and news company Yahoo Inc. are planning to sell up to five million shares over the next 15 months
New Jobless Claims Data Raise Recovery Hopes
The number of newly laid-off workers seeking unemployment benefits fell more than expected last week to the lowest total in a month
World Markets Rise on Greece Bailout Hopes
World markets rose Thursday on hopes that European leaders will rescue Greece from its crushing debt load and restore confidence
Bank of Korea Keeps Interest Rates at Record Low
South Korea's central bank left its key interest rate at a record low Thursday after the country's economic growth slowed at the end of last ...
Commercial Real Estate Danger Seen by Panel
Over the next several years, failed commercial real estate loans could litter American cities with empty stores and office complexes
China Inflation Eases, Cuts Interest-Rate Pressure
A spike in China's inflation eased in January, reducing pressure for Beijing to hike interest rates and cool surging prices as it tries to keep ...
Silicon Valley Economy May Be Losing Global Edge
Silicon Valley's economy took a big hit during the global meltdown and could have trouble climbing out, according to a report released Wednesday.
Americans Spent Modestly in January
Americans backed off from their holiday spending pace in January, but retail sales rose for a third month in a row compared with a year ...
Ericsson to Cut 1,500 Jobs After Dismal Q4
Wireless equipment maker LM Ericsson AB on Monday said it will cut another 1,500 jobs this year after reporting a 92 percent drop in fourth-quarter ...
World Markets Rise on Greece Bailout Prospects
Greek shares led world markets higher Wednesday amid mounting hopes that German opposition to a European Union financial rescue package
Toyota Reprograms Prius Brake Software in Japan
Prius owners in Japan are rushing to dealers for repairs a day after Toyota's president announced a global recall for a glitch in the car's ...
China Imports Skyrocket As Trade Enters Full Recovery
China's export growth accelerated in January and imports rose, adding to signs a recovery in global and Chinese demand is on track.
Foreign Donuteers Assault China's Picky Snackers
Patrick Lin is sure he can succeed where others have failed, and get the Chinese hooked on doughnuts.
China Raises Reserves to Cool Lending
China ordered banks Friday to increase reserves for a second time in a month to cool a credit boom without resorting to interest rate hikes
Toyota Bids to Regain Trust by Widening Disclosure
Toyota said Friday it's planning a new level of disclosure about car problems that would go beyond what the automaker is legally required to reveal
GE Cut 6% of Workforce in 2009
General Electric's overall work force fell by about 6 percent worldwide in 2009 as it struggled to deal with the effects of the deep recession
Campbell Soup Profits Up Despite Falling Sales
Campbell Soup Co.'s second-quarter profit rose on cost controls and favorable exchange rates even as U.S. soup sales waned.
Asian Stocks Rebound from U.S. Rate Hike Shock
Asian stock markets rose sharply Monday, recovering from a tumble last week when the U.S. central bank decided to pull back one of its emergency ...
Toyota Boasted of Saving $100 Mil. on Floor Mat Recall
Toyota officials claimed they saved the company $100 million by successfully negotiating with the government on a limited recall of floor mats in some Toyota ...
Toyota Dealers Launch Own Campaign to Reclaim Image
How rattled are Toyota dealers about the company's problems? Some dealerships nearly hired the same crisis public relations firm that handled the travails of socialite ...
China Tightens Bank Lending Rules
Banking regulators in China have ordered institutions to tighten controls on risk and carefully scrutinize borrowers' ability to pay their debts
Obama Proposes Simple Fix for Social Security
President Barack Obama says Social Security is slowly running out of money but that it can exist well into the future with a slight fix.
FDIC Shutters Banks in Calif., Fla., Texas, Ill.
Regulators shut four banks from California to Florida on Friday, boosting to 20 the number of U.S. bank failures this year following the 140 closures
Google Pays $125 Mil. for Video Compression Firm
Google Inc. said Friday that it finished its $124.6 million purchase of On2 Technologies Inc. after shareholders of On2 voted to approve the deal.
Motorola to Split into 2 Companies
Struggling technology company Motorola Inc. said Thursday it plans to split in two in early 2011 — with one half containing its consumer-focused mobile phone ...
Nokia Fights to Keep Edge Against Apple, RIM
Nokia Corp. may be the world's top cell phone maker, but it's no longer a trendsetter, as a host of inventive and alluring technologies from ...
Nestle Reports $10 Bil. Year Profits on Solid Growth
Swiss food and drinks company Nestle SA reported a full-year net profit of 10.4 billion Swiss francs ($9.55 billion) Friday, a significant drop
Singapore Expects Up to 6.5% GDP Growth
Singapore raised its 2010 GDP forecast and now expects the city-state's economy to grow as much as 6.5 percent after contracting last year.
Manufacturing Growth Offsets Jobless Rate, Lifts Stocks
The stock market edged higher as news of stronger regional manufacturing offset concerns about unemployment and weak sales at Wal-Mart.
Bayer Regeneron Eye Drug Meets Study Goal
Regeneron Pharmaceuticals Inc. and Bayer HealthCare AG said Thursday their developing VEGF Trap-Eye drug met key vision improvement goals
Wal-Mart Profits Jump Amid Declining Sales
Wal-Mart Stores Inc. reported a 22 percent increase in its fourth-quarter profit as the world's largest retailer cut costs and slimmed down its inventories.
Daimler's Q4 Loss Bigger Than Expected
German car and truck maker Daimler AG lost €352 million ($482 million) in the fourth quarter amid the global economic slump, contributing to a larger-than-expected ...
Power Struggle Scuttles Suntory-Kirin Merger
A clash over control has scuttled plans for Japanese beermaker Kirin Holdings Co. and smaller rival Suntory Holdings Ltd. to create one of the world's
HK Animation Studio Behind TMNT, Astroboy Shuts Down
The Hong Kong studio behind "TMNT" and "Astro Boy" has shut down as its parent company tries to recover from losses.
Nissan Returned to Profit in Q4
Japanese carmaker Nissan Motor Co. said Tuesday it booked a profit in the October-December quarter after a deep loss a year earlier
Apple Wins Smart Phone Sales at Blackberry's Expense
Apple Inc.'s iPhone gained a percentage point of U.S. smart phone market share while BlackBerry maker Research in Motion Inc. lost a point in the ...
Dow Closes Below 10,000 for First Time in 3 Months
The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.
Toyota Plans to Recall 300,000 Priuses
Toyota plans to recall about 300,000 Prius hybrids worldwide over a brake problem and is likely to notify both the U.S. and Japanese governments Tuesday
Asian Stocks Fall on Europe Debt Fears
Asian stock markets extended their slide Monday, after Wall Street notched its fourth straight weekly drop, amid worries over risks from debt troubles
U.S. Economic Stress Peaked in December
Weakness in Western energy-producing states helped raise the average U.S. county's economic stress in December to its highest point since the recession
European Stocks Rise Past Debt Fears on Bargain-Hunting
European markets rebounded Monday as investors looked past a slump in Asia and set aside worries about debt problems in countries like Greece and Portugal
German Exports Fell Most in 60 Years
German exports tumbled by nearly one-fifth last year, the biggest fall for 60 years and one that officially knocked the country off its perch
Toyota May Benefit from Powerful Friends in D.C.
Toyota has friends in high places in Washington, including some of the very people now investigating the Japanese automaker.
Toyota Expected to Announce Prius Recall
Toyota said Sunday that it will soon announce plans to deal with braking problems in its prized Prius hybrid amid reports it has decided to ...
Boeing 747-8 Freighter Set for Monday Test Flight
Boeing Co.'s giant 747-8 freighter should make its first flight Monday after performing well on taxi tests and reaching a top speed of about 103.5 ...
PayPal Suspends Some Transactions in India
The online payments service PayPal has taken the unusual step of suspending many transactions in India for more than a week.
Australian Coal Miner Inks Record Export Deal with China
Australian company Resourcehouse Ltd. said Saturday that it has struck a $60 billion, 20-year agreement to supply coal to China Power International Development Ltd.
Indian Man Pleads Guilty to Stock Brokerage Hacking Scheme
An Indian man has pleaded guilty to participating in a scheme to access online brokerage accounts to jack up stock prices and reap thousands of ...
Dollar Surges Against Euro on Greek Debt Crisis
The dollar surged Friday to its highest level against the euro since last May as the U.S. lost more jobs in January and amid mounting ...
Opera to Unveil Unapproved Browser for iPhone
Opera Software ASA announced Wednesday that it will unveil an iPhone version of its Opera Mini mobile phone browser at an international tech conference
Yang, Filo to Sell 5 Million Shares of Yahoo
The founders of search and news company Yahoo Inc. are planning to sell up to five million shares over the next 15 months
New Jobless Claims Data Raise Recovery Hopes
The number of newly laid-off workers seeking unemployment benefits fell more than expected last week to the lowest total in a month
World Markets Rise on Greece Bailout Hopes
World markets rose Thursday on hopes that European leaders will rescue Greece from its crushing debt load and restore confidence
Bank of Korea Keeps Interest Rates at Record Low
South Korea's central bank left its key interest rate at a record low Thursday after the country's economic growth slowed at the end of last ...
Commercial Real Estate Danger Seen by Panel
Over the next several years, failed commercial real estate loans could litter American cities with empty stores and office complexes
China Inflation Eases, Cuts Interest-Rate Pressure
A spike in China's inflation eased in January, reducing pressure for Beijing to hike interest rates and cool surging prices as it tries to keep ...
Silicon Valley Economy May Be Losing Global Edge
Silicon Valley's economy took a big hit during the global meltdown and could have trouble climbing out, according to a report released Wednesday.
Americans Spent Modestly in January
Americans backed off from their holiday spending pace in January, but retail sales rose for a third month in a row compared with a year ...
Ericsson to Cut 1,500 Jobs After Dismal Q4
Wireless equipment maker LM Ericsson AB on Monday said it will cut another 1,500 jobs this year after reporting a 92 percent drop in fourth-quarter ...
World Markets Rise on Greece Bailout Prospects
Greek shares led world markets higher Wednesday amid mounting hopes that German opposition to a European Union financial rescue package
Toyota Reprograms Prius Brake Software in Japan
Prius owners in Japan are rushing to dealers for repairs a day after Toyota's president announced a global recall for a glitch in the car's ...
China Imports Skyrocket As Trade Enters Full Recovery
China's export growth accelerated in January and imports rose, adding to signs a recovery in global and Chinese demand is on track.
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