World Hopes for Rising Yuan to Boost Recovery
China's decision to end its currency's 2-year-old peg to the U.S. dollar is stirring anticipation of a gradual appreciation in the yuan in trading Monday
Business
Canada's Economy Becomes Envy of G-20
Canada thinks it can teach the world a thing or two about dodging financial meltdowns.
Dow Finishes Week Up 5.3% for Year's Best Gain
The stock market ended its best week in a year with another gain Friday as investors bet that companies will report strong second-quarter earnings.
Hugh Hefner Makes Bid to Take Playboy Private
Hugh Hefner wants to buy out the portion of the Playboy empire he doesn't already own in a bet that the iconic brand can still ...
J&J to Buy Device Maker Micrus for $480 Mil.
Johnson & Johnson said Monday it will pay $480 million for medical device maker Micrus Endovascular, adding a range of treatments
Avon to Buy Silver Jeweler Silpada for $650 Mil.
Avon Products Inc., a direct seller of beauty products, agreed to buy Silpada Designs for at least $650 million in an effort to expand its ...
Asia Stocks Rise on Booming China Trade
Asian stock markets rose Monday, lifted by robust Chinese trade figures that eased worries the global recovery is losing momentum.
Bank of Korea Raises Growth Forecast to 5.9%
South Korea's central bank raised its forecast for the country's economic growth this year to 5.9 percent on solid exports
China Rating Agency Offers Alternative Risk Assessments
A Chinese firm that aims to compete with Western rating agencies declared Washington a worse credit risk than Beijing in its first report on government
China Foreign Reserves Hit $2.45 Trillion
China's foreign reserves reached $2.45 trillion dollars by the end of June, a 15.1 percent increase year on year, the central bank said Sunday.
China June Imports Skyrocket 53%
China's customs agency on Saturday said exports were up 35 percent in June from a year ago, while imports rose almost 53 percent.
Conde Nast's Reddit Asks Readers for Donations
Though it's owned by a large media company, Reddit needs money, and it's turning to its loyal audience for help.
Toyota Signals Willingness to Raise China Wages
Toyota's president says the company is open to raising the wages of workers in China, where strikes have disrupted the automaker's operations
Peugeot Citroen Signs $1.2 Bil. to Make Cars in China
France's PSA Peugeot Citroen SA signed a deal Friday to set up a euro935 million ($1.2 billion) joint venture to make small, low-emission cars
World Stocks Continue Rise on Korea Rate Hike
World stock markets rose Friday on hopes that global economic growth will prove resilient, with investors viewing a surprise interest rate hike
Bank of Korea Raises Interest on Strong Growth
South Korea's central bank raised its key interest rate Friday from a record low amid prospects for faster growth in the country's economy.
China Renews Google's Web Operating License
Google CEO Eric Schmidt said Thursday he expects Beijing to renew the license the company needs to continue operating a website in China.
Rising Costs Force Big Shift from South Coastal China
Factory workers demanding better wages and working conditions are hastening the eventual end of an era of cheap costs that helped make southern
New Jobless Claims Drop Sharply
New claims for unemployment benefits dropped sharply last week, a sign that layoffs could be slowing. At the same time, hundreds of thousands
Tepid June Retail Sales Separate Winners, Losers
Americans focused on deeply discounted clothing that they needed in June amid escalating worries about jobs, resulting in sluggish sales for many retailers
Turkey Emerges As Global Construction Power
An army of Turkish cranes and bulldozers is at work across the Middle East, Central Asia and Africa, building dams, stadiums and highways
Apple to Address iPhone 4 Antenna Problem Friday
Apple Inc. said it will hold a press conference on Friday to discuss the latest iPhone model, which has been beset by complaints
Wholesale Prices Fall for 3rd Consecutive Month
Wholesale prices fell for a third consecutive month as another drop in energy costs and the biggest plunge in food costs in eight years banished
New Jobless Claims Fall Sharply Again
New applications for unemployment benefits fell sharply last week as General Motors and other manufacturers skipped their usual summer shutdowns.
JPMorgan Profits Soar to $4.8 Bil. in Q2
JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from failed loans
Novartis Q2 Profits Up 19% to $2.44 Bil.
Drug maker Novartis AG has reported a second-quarter increase in net profit of 19 percent to US$2.44 billion on strong sales.
2010 Foreclosures to Pass 1 Mil. for First Time
More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog
China Economy Grew 11.1% During First Half of 2010
China's rapid growth is slowing as the impact of its massive stimulus eases and Beijing clamps down on a credit boom.
Asian Stocks Slip on U.S. Slowdown Concerns
Asian stock markets retreated Thursday after disappointing news on the U.S. economy chilled sentiment in Asia.
World Stocks Continue Rising on Growth Upgrade
World markets climbed Thursday on hopes that the global economy will recover faster than expected and as investors prepared for a European
Asian Stocks Jump on Intel Earnings, Singapore Growth
Asian stock markets jumped Wednesday, powered by better-than-expected earnings from chipmaking giant Intel Corp. and Singapore's forecast
Intel Posts Biggest Quarterly Profit in Decade
Intel Corp. has booked its largest quarterly net income in a decade as the chipmaker benefits from a stronger computer market
Federal Deficit Tops $1 Tril. with 3 Months Left
The federal deficit has topped $1 trillion with three months still to go in the budget year, showing the lasting impact of the recession
Trade Deficit Jumps As Import Growth Outpaces Exports
The trade deficit rose in May to an 18-month peak as rising imports offset another solid gain in U.S. exports. The surge in imports was ...
Nissan Leads Japan Car Outsourcing with Thai-Made March
Nissan took the wraps off its new March subcompact Tuesday, which is being manufactured in Thailand for sale in Japan, underlining a trend for Japanese
Europe Stocks Rise on Alcoa Earnings, Asia Slips
Asian stock markets rose Tuesday as sentiment strengthened on better-than-expected earnings results from US aluminum maker Alcoa Inc.
Apple iPhone 4 Defective Says Consumer Reports
Consumer Reports said Monday it will not recommend Apple Inc.'s newest iPhone because of reception problems caused by its antenna design.
China Workers End Another Electronics Plant Strike
Workers at a Japanese-owned electronics plant in northern China have ended a strike over pay and benefits after four days
Ethnic Vegetables Sprout New Sales for U.S. Farmers
Maxixe, a Brazilian relative of the cucumber, is relatively unknown in the U.S., but it may one day be as common as cilantro as farmers ...
Greece Upbeat As Debt Crisis Eases
Debt-hobbled Greece may see a slightly milder than expected recession this year and aims to issue bonds again on international markets in 2011
Healthcare Bill Kick In to Expand Coverage
The first stage of President Barack Obama's health care overhaul is expected to provide coverage to about 1 million uninsured Americans
Mercedes June Sales Up 13% on China, U.S. Demand
Sales of Mercedes-Benz cars were up 13.2 percent in the year to June as strong demand for the premium brand in China and the United ...
Chrysler to Set Up Separate Fiat Dealer Network
Chrysler Group LLC will set up a separate dealership network to sell cars made by Italy's Fiat Group SpA when they are reintroduced in the ...
Toyota Recalls 92,000 Luxury Cars in Japan
Toyota started recalling more than 90,000 luxury Lexus and Crown vehicles Monday in Japan over defective engines — the latest setback
Asian Stocks Mixed on Conflicting U.S. Economic Data
Asian stock markets were mixed in early trading Monday as a disappointing U.S. jobs report sparked worries that a recovery in the world's largest
Obama Awards $2 Bil. for Solar Power Plants
The government is handing out nearly $2 billion for new solar plants that President Barack Obama says will create thousands of jobs
Toyota Begins Global Lexus Recall for Engine Defect
Toyota started a global recall over engine defects in its Lexus and Crown models, moving to repair more than 95,000 vehicles in Japan and South ...
More Private Sector Jobs Bring Down Jobless Rate
A wave of census layoffs cut the nation's payrolls in June for the first time in six months, while private employers added a modest number ...
Gas Prices Likely to Fall Over July 4th Weekend
The economy may be making people nervous, but drivers should have a happy Fourth of July at the pump.
Economy Still Headed in Right Direction Says Obama
President Barack Obama on Friday cast the state of the economy in upbeat terms, declaring that it was headed in the right direction even as ...
World Hopes for Rising Yuan to Boost Recovery
China's decision to end its currency's 2-year-old peg to the U.S. dollar is stirring anticipation of a gradual appreciation in the yuan in trading Monday
Canada's Economy Becomes Envy of G-20
Canada thinks it can teach the world a thing or two about dodging financial meltdowns.
Dow Finishes Week Up 5.3% for Year's Best Gain
The stock market ended its best week in a year with another gain Friday as investors bet that companies will report strong second-quarter earnings.
Hugh Hefner Makes Bid to Take Playboy Private
Hugh Hefner wants to buy out the portion of the Playboy empire he doesn't already own in a bet that the iconic brand can still ...
J&J to Buy Device Maker Micrus for $480 Mil.
Johnson & Johnson said Monday it will pay $480 million for medical device maker Micrus Endovascular, adding a range of treatments
Avon to Buy Silver Jeweler Silpada for $650 Mil.
Avon Products Inc., a direct seller of beauty products, agreed to buy Silpada Designs for at least $650 million in an effort to expand its ...
Asia Stocks Rise on Booming China Trade
Asian stock markets rose Monday, lifted by robust Chinese trade figures that eased worries the global recovery is losing momentum.
Bank of Korea Raises Growth Forecast to 5.9%
South Korea's central bank raised its forecast for the country's economic growth this year to 5.9 percent on solid exports
China Rating Agency Offers Alternative Risk Assessments
A Chinese firm that aims to compete with Western rating agencies declared Washington a worse credit risk than Beijing in its first report on government
China Foreign Reserves Hit $2.45 Trillion
China's foreign reserves reached $2.45 trillion dollars by the end of June, a 15.1 percent increase year on year, the central bank said Sunday.
China June Imports Skyrocket 53%
China's customs agency on Saturday said exports were up 35 percent in June from a year ago, while imports rose almost 53 percent.
Conde Nast's Reddit Asks Readers for Donations
Though it's owned by a large media company, Reddit needs money, and it's turning to its loyal audience for help.
Toyota Signals Willingness to Raise China Wages
Toyota's president says the company is open to raising the wages of workers in China, where strikes have disrupted the automaker's operations
Peugeot Citroen Signs $1.2 Bil. to Make Cars in China
France's PSA Peugeot Citroen SA signed a deal Friday to set up a euro935 million ($1.2 billion) joint venture to make small, low-emission cars
World Stocks Continue Rise on Korea Rate Hike
World stock markets rose Friday on hopes that global economic growth will prove resilient, with investors viewing a surprise interest rate hike
Bank of Korea Raises Interest on Strong Growth
South Korea's central bank raised its key interest rate Friday from a record low amid prospects for faster growth in the country's economy.
China Renews Google's Web Operating License
Google CEO Eric Schmidt said Thursday he expects Beijing to renew the license the company needs to continue operating a website in China.
Rising Costs Force Big Shift from South Coastal China
Factory workers demanding better wages and working conditions are hastening the eventual end of an era of cheap costs that helped make southern
New Jobless Claims Drop Sharply
New claims for unemployment benefits dropped sharply last week, a sign that layoffs could be slowing. At the same time, hundreds of thousands
Tepid June Retail Sales Separate Winners, Losers
Americans focused on deeply discounted clothing that they needed in June amid escalating worries about jobs, resulting in sluggish sales for many retailers
Turkey Emerges As Global Construction Power
An army of Turkish cranes and bulldozers is at work across the Middle East, Central Asia and Africa, building dams, stadiums and highways
Apple to Address iPhone 4 Antenna Problem Friday
Apple Inc. said it will hold a press conference on Friday to discuss the latest iPhone model, which has been beset by complaints
Wholesale Prices Fall for 3rd Consecutive Month
Wholesale prices fell for a third consecutive month as another drop in energy costs and the biggest plunge in food costs in eight years banished
New Jobless Claims Fall Sharply Again
New applications for unemployment benefits fell sharply last week as General Motors and other manufacturers skipped their usual summer shutdowns.
JPMorgan Profits Soar to $4.8 Bil. in Q2
JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from failed loans
Novartis Q2 Profits Up 19% to $2.44 Bil.
Drug maker Novartis AG has reported a second-quarter increase in net profit of 19 percent to US$2.44 billion on strong sales.
2010 Foreclosures to Pass 1 Mil. for First Time
More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog
China Economy Grew 11.1% During First Half of 2010
China's rapid growth is slowing as the impact of its massive stimulus eases and Beijing clamps down on a credit boom.
Asian Stocks Slip on U.S. Slowdown Concerns
Asian stock markets retreated Thursday after disappointing news on the U.S. economy chilled sentiment in Asia.
World Stocks Continue Rising on Growth Upgrade
World markets climbed Thursday on hopes that the global economy will recover faster than expected and as investors prepared for a European
Asian Stocks Jump on Intel Earnings, Singapore Growth
Asian stock markets jumped Wednesday, powered by better-than-expected earnings from chipmaking giant Intel Corp. and Singapore's forecast
Intel Posts Biggest Quarterly Profit in Decade
Intel Corp. has booked its largest quarterly net income in a decade as the chipmaker benefits from a stronger computer market
Federal Deficit Tops $1 Tril. with 3 Months Left
The federal deficit has topped $1 trillion with three months still to go in the budget year, showing the lasting impact of the recession
Trade Deficit Jumps As Import Growth Outpaces Exports
The trade deficit rose in May to an 18-month peak as rising imports offset another solid gain in U.S. exports. The surge in imports was ...
Nissan Leads Japan Car Outsourcing with Thai-Made March
Nissan took the wraps off its new March subcompact Tuesday, which is being manufactured in Thailand for sale in Japan, underlining a trend for Japanese
Europe Stocks Rise on Alcoa Earnings, Asia Slips
Asian stock markets rose Tuesday as sentiment strengthened on better-than-expected earnings results from US aluminum maker Alcoa Inc.
Apple iPhone 4 Defective Says Consumer Reports
Consumer Reports said Monday it will not recommend Apple Inc.'s newest iPhone because of reception problems caused by its antenna design.
China Workers End Another Electronics Plant Strike
Workers at a Japanese-owned electronics plant in northern China have ended a strike over pay and benefits after four days
Ethnic Vegetables Sprout New Sales for U.S. Farmers
Maxixe, a Brazilian relative of the cucumber, is relatively unknown in the U.S., but it may one day be as common as cilantro as farmers ...
Greece Upbeat As Debt Crisis Eases
Debt-hobbled Greece may see a slightly milder than expected recession this year and aims to issue bonds again on international markets in 2011
Healthcare Bill Kick In to Expand Coverage
The first stage of President Barack Obama's health care overhaul is expected to provide coverage to about 1 million uninsured Americans
Mercedes June Sales Up 13% on China, U.S. Demand
Sales of Mercedes-Benz cars were up 13.2 percent in the year to June as strong demand for the premium brand in China and the United ...
Chrysler to Set Up Separate Fiat Dealer Network
Chrysler Group LLC will set up a separate dealership network to sell cars made by Italy's Fiat Group SpA when they are reintroduced in the ...
Toyota Recalls 92,000 Luxury Cars in Japan
Toyota started recalling more than 90,000 luxury Lexus and Crown vehicles Monday in Japan over defective engines — the latest setback
Asian Stocks Mixed on Conflicting U.S. Economic Data
Asian stock markets were mixed in early trading Monday as a disappointing U.S. jobs report sparked worries that a recovery in the world's largest
Obama Awards $2 Bil. for Solar Power Plants
The government is handing out nearly $2 billion for new solar plants that President Barack Obama says will create thousands of jobs
Toyota Begins Global Lexus Recall for Engine Defect
Toyota started a global recall over engine defects in its Lexus and Crown models, moving to repair more than 95,000 vehicles in Japan and South ...
More Private Sector Jobs Bring Down Jobless Rate
A wave of census layoffs cut the nation's payrolls in June for the first time in six months, while private employers added a modest number ...
Gas Prices Likely to Fall Over July 4th Weekend
The economy may be making people nervous, but drivers should have a happy Fourth of July at the pump.
Economy Still Headed in Right Direction Says Obama
President Barack Obama on Friday cast the state of the economy in upbeat terms, declaring that it was headed in the right direction even as ...
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