Toyoda Bows Deeply to Angry Shareholders
Toyota Motor Corp. President Akio Toyoda bowed deeply and apologized to shareholders Thursday for the troubles caused by massive global recalls of the
Business
Britain May Slip Back into Recession on Weak Exports
Britain could be pushed back into recession by the government's austerity moves and slow recovery in key export markets
GM Reports June Sales Drop from May
Sales of General Motors Co. cars and trucks fell nearly 13 percent from May to June, a sign that this year's slow recovery in auto ...
Global Stocks Slide on Growth Slowdown Fears
Global stock markets fell Thursday after weak manufacturing surveys provided new evidence that the world's biggest economies, from the U.S. to China
German Consumer Spending Shows Signs of Life
A small rise in retail sales offered a hopeful sign Thursday for Germany's long-sluggish domestic demand, even as the country's economy minister
Japan Business Confidence at 2-Year High
Major Japanese manufacturers — riding high from a booming Asia — haven't felt this good in two years.
Toyota Reports Faulty Engines in 270,000 Cars
Toyota Motor Corp. said Thursday about 270,000 vehicles sold worldwide, including luxury Lexus sedans, have faulty engines
Microsoft Kills Off Kin Line of Phones Mid-Rollout
For Microsoft, there will be no next of Kin. The company said Wednesday it will halt the planned rollout of Kin One and Kin Two
Scientists Conduct Toyota Acceleration Study
The government said Wednesday it had not uncovered any electronic problems in runaway Toyotas as a scientific panel started work on an extensive study
Ford Pays $4 Bil. More to Reduce Debt Load
Ford Motor Co. says it's making another $4 billion payment on its huge debt.
Toyota Factory Remains Shut in Guangzhou
Toyota Motor Corp. says production at one of its main factories in China remains shut due to a strike, while Honda Motor Co. says operations ...
Asia Falls on Fears of Slowing in China, U.S.
European markets edged higher in volatile trading Wednesday a day after logging steep losses, while major Asian indexes closed down on worries
China Honey Producers Run Afoul of Tough U.S. Laws
Businessman Yan Yongxiang was trying to get around stiff U.S. levies on imports of cheap Chinese honey. So he sent 15 shipping containers of cut-rate ...
Consumer Confidence Falls Most Since Feb.
So much for optimism. A dramatic drop in consumer confidence sent stocks plunging Tuesday and left a key index at its lowest level of the ...
Stocks Skid on Renewed Global Slowdown Fears
No matter where they look, investors are seeing economic trouble. Stocks and interest rates plunged Tuesday after signs of slowing economies
Tesla IPO Raises $226 Mil., Shares Surge
Shares of Tesla Motors Inc. gained more than 40 percent in their public trading debut on Tuesday after the electric car manufacturer raised more money
Distillers Dare Drinkers to Try Flesh-Flavored Vodkas
Prepare your palate for carnivorous cocktails. The Alaska Distillery in Wasilla just recently launched its Smoked Salmon Flavored
Foxconn to Build Megaplant in China Despite Deaths
Foxconn Technology, a supplier to Apple Inc., looks ready to build a huge new factory in north-central China despite the company's own misgivings
Apple, AT&T Get Record Number of iPhone Orders
Apple Inc. said Wednesday that it and its phone company partners took orders for more than 600,000 iPhone 4s in one day, the highest number ...
Ambani's Reliance Expands into Power, Telecom
Reliance Industries, India's most valuable company, will push into two new sectors, power and telecommunications, chairman Mukesh Ambani told shareholders Friday.
Taiwan's Top Laptop Maker Raising China Wages
Compal Electronics Inc., the world's largest contract laptop maker, said Friday that China's labor shortage and rising wages
China Insists Yuan Is Solely Sovereign Concern
The main focus of China's currency policy is the well-being of its people and any adjustment to the exchange
China Growth Still Robust But Expected to Slow
China's economy is showing signs of softening after its strong stimulus-fueled rebound last year
Toyota Draws UAW Ire for Reviving Mississippi Plant
Toyota's announcement that it will resume construction of a car factory in Mississippi should have been a much-needed piece of good news
Stocks Gain Despite Jobless, Manufacturing Data
The stock market managed a slender gain Thursday after traders shook off a pair of disappointing economic reports.
Euro Surges on Successful Spain Debt Sale
The euro rose sharply against the dollar Thursday after a closely watched auction of Spanish bond was oversubscribed, easing worries
Asian Stocks Mixed After Flat Wall Street Finish
Asian stocks were mixed Thursday amid mild profit-taking in Tokyo and a muted finish on Wall Street.
Russia Scraps Gains Tax for Foreign Investors
Russia will loosen the state's controls on the economy and abolish a key tax to spark a desperately needed "investment boom," President Dmitry Medvedev told ...
FedEx Says World Underestimating Recovery
FedEx said people are too pessimistic about a recovery in global trade, after it reported Wednesday that strong exports from Asia
China, U.S. to Boost VW 2010 Profit Forecast
Automaker Volkswagen AG has raised its sales and operating profit forecast for 2010 after its performance in the first five months exceeded expectations with strong ...
Glitches for iPhone 4 Pre-Orders
Buyers reported problems registering their orders and an apparent glitch in AT&T's website was steering some customers into strangers' accounts.
Oil Prices Rally on Rising Recovery Hopes
Oil prices hovered near $77 a barrel Wednesday in Asia as a rally fueled by a stock market surge and a stronger euro pauses.
US Stocks See Broad Gains As Industrials, Tech Climb
Industrial and technology stocks pulled the market sharply higher Tuesday after Boeing Co. said it was boosting
T-Mobile Gives Free HTC Slides Ahead of iPhone G4
Wireless carrier T-Mobile plans to give free phones to customers who sign up for group calling plans at its retail stores on Saturday
Honda China Supplier Strike Ends Amid Talks
A Honda Motor parts supplier in southern China was operating at full capacity on Tuesday as striking workers returned to their jobs
Tokyo Raises Growth Forcast to 2.6 Percent
Japan's economy, the world's second largest, will expand at a faster pace in the current fiscal year than previously forecast as robust exports to Asia ...
Auto Demands Sustain Japanese Export Expansion
Japan's exports expanded for a sixth straight month in May as brisk global demand for cars and high-tech products helped shore up a recovery
US Presses China to Open its Markets
The top U.S. trade official says China's decision to let its currency appreciate against the dollar was a good start, but China must do more ...
Greater Oil Demands Expected from China and India
World oil demand will grow faster than earlier expected through 2015 due to stronger economic growth, particularly in developing countries like China
Fed Expected to Keep Rates at Record Lows
To sustain the fragile economic rebound, the Federal Reserve is sure to leave interest rates at record lows
Strike Forces Honda to Halt China Production Again
Honda Motor Co., which has been repeatedly forced to suspend production in China due to strikes, again halted operations
German Auto Industry Returns to Boom Times
Germany's car industry, the backbone of Europe's largest economy, is booming again.
China's Young Workers More Assertive with Rights
Younger workers now make up the majority of China's migrant labor force and are quicker to speak up when they feel their rights are being ...
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 ...
Google to Buy Travel Tech Firm ITA for $700 Mil.
Google Inc. plans to buy travel technology company ITA Software Inc. in a $700 million deal that would enable the Internet search leader to steer ...
Asian Stocks Down on Fitch Downgrade
Asian stock markets fell in early trading Tuesday on renewed concern over Europe's economic crisis after Fitch Ratings
Stocks Fall on Waning Faith in Yuan Impact
Stocks erased big gains Monday after investors lost some of their enthusiasm about China's decision to let its currency appreciate against the dollar.
Shenzhen Suicides Raise Questions About Foxconn Management
A group of Taiwanese scholars urged Foxconn Technology Group to end a rigid and "inhumane" management style at its mammoth factory compound in southern China.
CBS Joins India's TV Market in Venture with Reliance
A unit of CBS Corp. and Reliance Broadcast Network, a subsidiary of India's powerful Reliance-ADA Group, plan
China Redirects Pressure onto World Leaders
China followed through Monday on its pledge to allow greater flexibility in exchange rates, but said an appreciation in its currency alone
Toyoda Bows Deeply to Angry Shareholders
Toyota Motor Corp. President Akio Toyoda bowed deeply and apologized to shareholders Thursday for the troubles caused by massive global recalls of the
Britain May Slip Back into Recession on Weak Exports
Britain could be pushed back into recession by the government's austerity moves and slow recovery in key export markets
GM Reports June Sales Drop from May
Sales of General Motors Co. cars and trucks fell nearly 13 percent from May to June, a sign that this year's slow recovery in auto ...
Global Stocks Slide on Growth Slowdown Fears
Global stock markets fell Thursday after weak manufacturing surveys provided new evidence that the world's biggest economies, from the U.S. to China
German Consumer Spending Shows Signs of Life
A small rise in retail sales offered a hopeful sign Thursday for Germany's long-sluggish domestic demand, even as the country's economy minister
Japan Business Confidence at 2-Year High
Major Japanese manufacturers — riding high from a booming Asia — haven't felt this good in two years.
Toyota Reports Faulty Engines in 270,000 Cars
Toyota Motor Corp. said Thursday about 270,000 vehicles sold worldwide, including luxury Lexus sedans, have faulty engines
Microsoft Kills Off Kin Line of Phones Mid-Rollout
For Microsoft, there will be no next of Kin. The company said Wednesday it will halt the planned rollout of Kin One and Kin Two
Scientists Conduct Toyota Acceleration Study
The government said Wednesday it had not uncovered any electronic problems in runaway Toyotas as a scientific panel started work on an extensive study
Ford Pays $4 Bil. More to Reduce Debt Load
Ford Motor Co. says it's making another $4 billion payment on its huge debt.
Toyota Factory Remains Shut in Guangzhou
Toyota Motor Corp. says production at one of its main factories in China remains shut due to a strike, while Honda Motor Co. says operations ...
Asia Falls on Fears of Slowing in China, U.S.
European markets edged higher in volatile trading Wednesday a day after logging steep losses, while major Asian indexes closed down on worries
China Honey Producers Run Afoul of Tough U.S. Laws
Businessman Yan Yongxiang was trying to get around stiff U.S. levies on imports of cheap Chinese honey. So he sent 15 shipping containers of cut-rate ...
Consumer Confidence Falls Most Since Feb.
So much for optimism. A dramatic drop in consumer confidence sent stocks plunging Tuesday and left a key index at its lowest level of the ...
Stocks Skid on Renewed Global Slowdown Fears
No matter where they look, investors are seeing economic trouble. Stocks and interest rates plunged Tuesday after signs of slowing economies
Tesla IPO Raises $226 Mil., Shares Surge
Shares of Tesla Motors Inc. gained more than 40 percent in their public trading debut on Tuesday after the electric car manufacturer raised more money
Distillers Dare Drinkers to Try Flesh-Flavored Vodkas
Prepare your palate for carnivorous cocktails. The Alaska Distillery in Wasilla just recently launched its Smoked Salmon Flavored
Foxconn to Build Megaplant in China Despite Deaths
Foxconn Technology, a supplier to Apple Inc., looks ready to build a huge new factory in north-central China despite the company's own misgivings
Apple, AT&T Get Record Number of iPhone Orders
Apple Inc. said Wednesday that it and its phone company partners took orders for more than 600,000 iPhone 4s in one day, the highest number ...
Ambani's Reliance Expands into Power, Telecom
Reliance Industries, India's most valuable company, will push into two new sectors, power and telecommunications, chairman Mukesh Ambani told shareholders Friday.
Taiwan's Top Laptop Maker Raising China Wages
Compal Electronics Inc., the world's largest contract laptop maker, said Friday that China's labor shortage and rising wages
China Insists Yuan Is Solely Sovereign Concern
The main focus of China's currency policy is the well-being of its people and any adjustment to the exchange
China Growth Still Robust But Expected to Slow
China's economy is showing signs of softening after its strong stimulus-fueled rebound last year
Toyota Draws UAW Ire for Reviving Mississippi Plant
Toyota's announcement that it will resume construction of a car factory in Mississippi should have been a much-needed piece of good news
Stocks Gain Despite Jobless, Manufacturing Data
The stock market managed a slender gain Thursday after traders shook off a pair of disappointing economic reports.
Euro Surges on Successful Spain Debt Sale
The euro rose sharply against the dollar Thursday after a closely watched auction of Spanish bond was oversubscribed, easing worries
Asian Stocks Mixed After Flat Wall Street Finish
Asian stocks were mixed Thursday amid mild profit-taking in Tokyo and a muted finish on Wall Street.
Russia Scraps Gains Tax for Foreign Investors
Russia will loosen the state's controls on the economy and abolish a key tax to spark a desperately needed "investment boom," President Dmitry Medvedev told ...
FedEx Says World Underestimating Recovery
FedEx said people are too pessimistic about a recovery in global trade, after it reported Wednesday that strong exports from Asia
China, U.S. to Boost VW 2010 Profit Forecast
Automaker Volkswagen AG has raised its sales and operating profit forecast for 2010 after its performance in the first five months exceeded expectations with strong ...
Glitches for iPhone 4 Pre-Orders
Buyers reported problems registering their orders and an apparent glitch in AT&T's website was steering some customers into strangers' accounts.
Oil Prices Rally on Rising Recovery Hopes
Oil prices hovered near $77 a barrel Wednesday in Asia as a rally fueled by a stock market surge and a stronger euro pauses.
US Stocks See Broad Gains As Industrials, Tech Climb
Industrial and technology stocks pulled the market sharply higher Tuesday after Boeing Co. said it was boosting
T-Mobile Gives Free HTC Slides Ahead of iPhone G4
Wireless carrier T-Mobile plans to give free phones to customers who sign up for group calling plans at its retail stores on Saturday
Honda China Supplier Strike Ends Amid Talks
A Honda Motor parts supplier in southern China was operating at full capacity on Tuesday as striking workers returned to their jobs
Tokyo Raises Growth Forcast to 2.6 Percent
Japan's economy, the world's second largest, will expand at a faster pace in the current fiscal year than previously forecast as robust exports to Asia ...
Auto Demands Sustain Japanese Export Expansion
Japan's exports expanded for a sixth straight month in May as brisk global demand for cars and high-tech products helped shore up a recovery
US Presses China to Open its Markets
The top U.S. trade official says China's decision to let its currency appreciate against the dollar was a good start, but China must do more ...
Greater Oil Demands Expected from China and India
World oil demand will grow faster than earlier expected through 2015 due to stronger economic growth, particularly in developing countries like China
Fed Expected to Keep Rates at Record Lows
To sustain the fragile economic rebound, the Federal Reserve is sure to leave interest rates at record lows
Strike Forces Honda to Halt China Production Again
Honda Motor Co., which has been repeatedly forced to suspend production in China due to strikes, again halted operations
German Auto Industry Returns to Boom Times
Germany's car industry, the backbone of Europe's largest economy, is booming again.
China's Young Workers More Assertive with Rights
Younger workers now make up the majority of China's migrant labor force and are quicker to speak up when they feel their rights are being ...
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 ...
Google to Buy Travel Tech Firm ITA for $700 Mil.
Google Inc. plans to buy travel technology company ITA Software Inc. in a $700 million deal that would enable the Internet search leader to steer ...
Asian Stocks Down on Fitch Downgrade
Asian stock markets fell in early trading Tuesday on renewed concern over Europe's economic crisis after Fitch Ratings
Stocks Fall on Waning Faith in Yuan Impact
Stocks erased big gains Monday after investors lost some of their enthusiasm about China's decision to let its currency appreciate against the dollar.
Shenzhen Suicides Raise Questions About Foxconn Management
A group of Taiwanese scholars urged Foxconn Technology Group to end a rigid and "inhumane" management style at its mammoth factory compound in southern China.
CBS Joins India's TV Market in Venture with Reliance
A unit of CBS Corp. and Reliance Broadcast Network, a subsidiary of India's powerful Reliance-ADA Group, plan
China Redirects Pressure onto World Leaders
China followed through Monday on its pledge to allow greater flexibility in exchange rates, but said an appreciation in its currency alone
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