Asia Stocks Up, Europe Down Ahead of U.S. Data
The continued relative strength of the yen hurt Japanese stocks earlier and the Nikkei 225 stock average closed down 23.17 points
Business
Eurozone Unemployment at 10.1% in August
Unemployment in the 16 countries that use the euro remained unchanged at 10.1 percent in August despite a stronger than anticipated economic recovery
BP Says It Paid $11.2 Bil. on Gulf Oil Spill Claims
BP PLC said Friday that it has pledged royalty revenues from several Gulf of Mexico assets to guarantee payment of claims from the disastrous
China Manufacturing Picks Up Steam in September
Growth in Chinese manufacturing picked up pace in September, a survey showed Friday, adding to evidence that China's economic recovery remains on track.
Japan Jobless Rate Fell to 5.1% in August
Japan's jobless rate improved in August, but prices fell for the 18th straight month as deflation kept its hold on the country's economy.
Cheap, Clean and China the Foci of Paris Auto Show
At the Paris auto show, the car market's fortunes appear to come down to three C's: clean, cheap and China.
Caterpillar to Raise Prices on Strong Growth
Heavy-equipment maker Caterpillar says it will raise prices up to 2 percent worldwide starting in January.
Green Goes Sleek at Paris Auto Show
Sizzling, sleek designs for a carbon-conscious world headlined Thursday as global automakers rolled out their latest high-tech models at the Paris auto
AIG Sells 2 Japanese Units for $4.8 Bil.
AIG, which reportedly is close to a deal that would allow the U.S. government to exit its ownership interest, says it will sell its two ...
Japanese Stocks Lead World Markets After Rate Cut
Japanese stocks led world markets higher Tuesday after the country's central bank surprised investors by effectively cutting its main interest rate
Fitch Downgrades Ireland Credit Rating
Ratings agency Fitch cut Ireland's credit worthiness another notch Wednesday, citing the country's long fight to emerge from record deficits
China Growth to Offset U.S. Weakness Says IMF
The global economy will likely strengthen the rest of this year and in 2011 as China and other emerging powers offset weakness in the United ...
J&J Buys Dutch Biotech Crucell for $2.41 Bil.
Johnson & Johnson said Wednesday it is buying Crucell N.V. for about $2.41 billion in a move that will boost the American health care company's
Costco Income Rises on Overseas Strength
Increased revenue from selling memberships and strength overseas helped push Costco Wholesale Corp.'s net income up 16 percent
Asia, Europe Stocks Rally on Fed Rate Cut Hopes
Global stock markets extended their rally Wednesday as investors remained hopeful that the Federal Reserve will introduce more monetary
Retail Sales Rose Modestly in September
Americans kept spending carefully last month, buying electronics and back-to-school clothes but holding back on luxuries.
Ford to Cut Lincoln Dealerships to Revitalize Brand
Ford Motor Co. plans to eliminate more than a third of its Lincoln dealers as part of its effort to revive the luxury brand, according ...
Service Sector Grew in September for 9th Straight Month
The U.S. service sector, the nation's predominate employer, expanded in September for a ninth straight month, although the growth has not been consistent
Spain Debt Downgrade Drags Down Stock Prices
Spain's hurting economy got hit again Thursday with yet another downgrade of its government debt by a major ratings agency, meaning the nation's
Eurozone Retail Sales Fell Unexpectedly in August
Retail sales in the 16 countries that use the euro unexpectedly fell during August, official figures showed Tuesday, in another sign
Japan Cuts Key Interest Rate to Near Zero
Japan's central bank has cut its key interest rate to a range of zero to 0.1 percent, effectively introducing a zero interest rate policy.
Content Partners Sign Up for Google TV's October Launch
Google Inc.'s effort to wed Web surfing with television viewing is gathering more support from major media outlets that distribute some
Foreigners Find Irresistable Deals in U.S. Housing Bust
The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom.
Feds Sue 3 Major Credit Card Cos., Settle with 2
The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement
Toyota Repaired 3.7 Mil. Cars Under Recalls
Toyota Motor Corp. said Monday it had fixed about 3.7 million vehicles in the United States as part of its massive safety recalls, citing progress
Poor Americans Bear High Cost of Going Bankless
The nickel-and-diming never stopped. The fees were constant: $28 to cash a paycheck. $1.50 for a money order.
HSBC CEO to Leave After Losing Bid for Chairmanship
HSBC's chief executive has lost his bid to move up to chairman and will leave the bank by the end of the year, the Financial ...
Nestle to Expand Herbal Medicine Business
Nestle plans to plow hundreds of millions of dollars into expanding its medical nutrition business over the next decade, hoping to capitalize
Asian Stocks Enjoy Bounce After Holidays
Asian stock markets kicked off a new week of trading in good spirits, encouraged by an improvement in U.S. economic indicators and higher metal prices.
Hyndai Recalls 2011 Sonatas for Steering Glitch
Hyundai Motor Co. said it is voluntarily recalling 139,500 Sonata sedans in the U.S. because of a manufacturing defect that could cause drivers
IRS Cuts Down Iffy Tax Break Disclosures for Big Corps.
The Internal Revenue Service is scaling back a new requirement that large corporations disclose on their tax returns whether they are taking
Growth in Durables Orders Sends Stocks Up
Stocks resumed a September rally Friday as traders were encouraged that orders for manufactured goods excluding the volatile transportation
Korea Wins Control of UK's Dana Petroleum
Korea National Oil Corp (KNOC) has won a controlling interest in UK's Dana Petroleum with about 65% of its shares either owned or accepted
Asia Has 3 of World's Most Expensive Shopping Streets
A survey of rents in the world’s top 269 shopping locations in 59 countries by Wakeman & Cushfield has found Hong Kong, Tokyo and Seoul
Asia Stocks Dip on U.S. Jobs Data, Strong Yen
Asian stock markets fell Friday after a jump in U.S. unemployment claims led to a disappointing day on Wall Street.
Wal-Mart Bids $4.25 Bil. for S. Africa's Massmart
Wal-Mart-Stores Inc. says it has offered to buy South African retailer Massmart Holdings Ltd. for approximately $4.25 billion.
German Business Mood Highest in 3 Years
German business confidence unexpectedly rose to its highest level in over three years in September as a stronger economy supported business
Japan Intervenes Again to Weaken Yen
Traders said the Bank of Japan intervened in the currency market to weaken the yen Friday for the second time in just over a week.
Jobless Claims Nudge Back Up to 465,000
The tally of newly laid-off workers requesting unemployment benefits rose last week for the first time in five weeks as the job market
Home Sales Rose to 2nd Lowest Level of Decade
Sales of previously occupied homes rose last month, but not enough to keep August from being the second-worst month for sales
Blockbuster Seeks Chapter 11 Protection
Troubled video-rental chain Blockbuster Inc. filed for Chapter 11 bankruptcy protection, and said it plans to keep stores and kiosks
France Hobbled by Strikes Over Retirement Age
French commuters squeezed onto limited trains or fought for rare parking spots Thursday as a second round of strikes against President Nicolas
Euro Slips on Weak Business Sentiment
The euro gave up some of its recent gains against the dollar Thursday as traders booked profits after a survey showed business sentiment
Recession Widens Rich- Poor Gap, Cuts Marriages
The recession seems to be socking Americans in the heart as well as the wallet: Marriages have hit an all-time low while pleas for food ...
Waxman Shelves Bill to Control Bandwidth Manipulation
House Democrats have shelved a last-ditch effort to broker a compromise between phone, cable and Internet companies on rules
Cheap, Hi-Tech Toys Top Christmas List
This year's hot holiday toys are high-tech - and low-price. From tiny remote-control cars from Mattel to nearly paper-thin electronic guitars
Digital Reading Squeezes Out Finland's Paper Mills
Shielded from the deafening roar and searing heat of Paper Machine No. 4, factory foreman Reino Mustonen watches from his glassed-in office
Asia Stocks Rise on Hopes of More U.S. Stimulus
Asian stock markets climbed Wednesday, supported by growing speculation that the Federal Reserve is likely to introduce more stimulus
Japan Business Confidence Rises for 6th Straight Quarter
Business confidence in Japan rose for the sixth straight quarter, but companies fear the improvement is temporary as cooling global growth
Asia Stocks Up, Europe Down Ahead of U.S. Data
The continued relative strength of the yen hurt Japanese stocks earlier and the Nikkei 225 stock average closed down 23.17 points
Eurozone Unemployment at 10.1% in August
Unemployment in the 16 countries that use the euro remained unchanged at 10.1 percent in August despite a stronger than anticipated economic recovery
BP Says It Paid $11.2 Bil. on Gulf Oil Spill Claims
BP PLC said Friday that it has pledged royalty revenues from several Gulf of Mexico assets to guarantee payment of claims from the disastrous
China Manufacturing Picks Up Steam in September
Growth in Chinese manufacturing picked up pace in September, a survey showed Friday, adding to evidence that China's economic recovery remains on track.
Japan Jobless Rate Fell to 5.1% in August
Japan's jobless rate improved in August, but prices fell for the 18th straight month as deflation kept its hold on the country's economy.
Cheap, Clean and China the Foci of Paris Auto Show
At the Paris auto show, the car market's fortunes appear to come down to three C's: clean, cheap and China.
Caterpillar to Raise Prices on Strong Growth
Heavy-equipment maker Caterpillar says it will raise prices up to 2 percent worldwide starting in January.
Green Goes Sleek at Paris Auto Show
Sizzling, sleek designs for a carbon-conscious world headlined Thursday as global automakers rolled out their latest high-tech models at the Paris auto
AIG Sells 2 Japanese Units for $4.8 Bil.
AIG, which reportedly is close to a deal that would allow the U.S. government to exit its ownership interest, says it will sell its two ...
Japanese Stocks Lead World Markets After Rate Cut
Japanese stocks led world markets higher Tuesday after the country's central bank surprised investors by effectively cutting its main interest rate
Fitch Downgrades Ireland Credit Rating
Ratings agency Fitch cut Ireland's credit worthiness another notch Wednesday, citing the country's long fight to emerge from record deficits
China Growth to Offset U.S. Weakness Says IMF
The global economy will likely strengthen the rest of this year and in 2011 as China and other emerging powers offset weakness in the United ...
J&J Buys Dutch Biotech Crucell for $2.41 Bil.
Johnson & Johnson said Wednesday it is buying Crucell N.V. for about $2.41 billion in a move that will boost the American health care company's
Costco Income Rises on Overseas Strength
Increased revenue from selling memberships and strength overseas helped push Costco Wholesale Corp.'s net income up 16 percent
Asia, Europe Stocks Rally on Fed Rate Cut Hopes
Global stock markets extended their rally Wednesday as investors remained hopeful that the Federal Reserve will introduce more monetary
Retail Sales Rose Modestly in September
Americans kept spending carefully last month, buying electronics and back-to-school clothes but holding back on luxuries.
Ford to Cut Lincoln Dealerships to Revitalize Brand
Ford Motor Co. plans to eliminate more than a third of its Lincoln dealers as part of its effort to revive the luxury brand, according ...
Service Sector Grew in September for 9th Straight Month
The U.S. service sector, the nation's predominate employer, expanded in September for a ninth straight month, although the growth has not been consistent
Spain Debt Downgrade Drags Down Stock Prices
Spain's hurting economy got hit again Thursday with yet another downgrade of its government debt by a major ratings agency, meaning the nation's
Eurozone Retail Sales Fell Unexpectedly in August
Retail sales in the 16 countries that use the euro unexpectedly fell during August, official figures showed Tuesday, in another sign
Japan Cuts Key Interest Rate to Near Zero
Japan's central bank has cut its key interest rate to a range of zero to 0.1 percent, effectively introducing a zero interest rate policy.
Content Partners Sign Up for Google TV's October Launch
Google Inc.'s effort to wed Web surfing with television viewing is gathering more support from major media outlets that distribute some
Foreigners Find Irresistable Deals in U.S. Housing Bust
The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom.
Feds Sue 3 Major Credit Card Cos., Settle with 2
The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement
Toyota Repaired 3.7 Mil. Cars Under Recalls
Toyota Motor Corp. said Monday it had fixed about 3.7 million vehicles in the United States as part of its massive safety recalls, citing progress
Poor Americans Bear High Cost of Going Bankless
The nickel-and-diming never stopped. The fees were constant: $28 to cash a paycheck. $1.50 for a money order.
HSBC CEO to Leave After Losing Bid for Chairmanship
HSBC's chief executive has lost his bid to move up to chairman and will leave the bank by the end of the year, the Financial ...
Nestle to Expand Herbal Medicine Business
Nestle plans to plow hundreds of millions of dollars into expanding its medical nutrition business over the next decade, hoping to capitalize
Asian Stocks Enjoy Bounce After Holidays
Asian stock markets kicked off a new week of trading in good spirits, encouraged by an improvement in U.S. economic indicators and higher metal prices.
Hyndai Recalls 2011 Sonatas for Steering Glitch
Hyundai Motor Co. said it is voluntarily recalling 139,500 Sonata sedans in the U.S. because of a manufacturing defect that could cause drivers
IRS Cuts Down Iffy Tax Break Disclosures for Big Corps.
The Internal Revenue Service is scaling back a new requirement that large corporations disclose on their tax returns whether they are taking
Growth in Durables Orders Sends Stocks Up
Stocks resumed a September rally Friday as traders were encouraged that orders for manufactured goods excluding the volatile transportation
Korea Wins Control of UK's Dana Petroleum
Korea National Oil Corp (KNOC) has won a controlling interest in UK's Dana Petroleum with about 65% of its shares either owned or accepted
Asia Has 3 of World's Most Expensive Shopping Streets
A survey of rents in the world’s top 269 shopping locations in 59 countries by Wakeman & Cushfield has found Hong Kong, Tokyo and Seoul
Asia Stocks Dip on U.S. Jobs Data, Strong Yen
Asian stock markets fell Friday after a jump in U.S. unemployment claims led to a disappointing day on Wall Street.
Wal-Mart Bids $4.25 Bil. for S. Africa's Massmart
Wal-Mart-Stores Inc. says it has offered to buy South African retailer Massmart Holdings Ltd. for approximately $4.25 billion.
German Business Mood Highest in 3 Years
German business confidence unexpectedly rose to its highest level in over three years in September as a stronger economy supported business
Japan Intervenes Again to Weaken Yen
Traders said the Bank of Japan intervened in the currency market to weaken the yen Friday for the second time in just over a week.
Jobless Claims Nudge Back Up to 465,000
The tally of newly laid-off workers requesting unemployment benefits rose last week for the first time in five weeks as the job market
Home Sales Rose to 2nd Lowest Level of Decade
Sales of previously occupied homes rose last month, but not enough to keep August from being the second-worst month for sales
Blockbuster Seeks Chapter 11 Protection
Troubled video-rental chain Blockbuster Inc. filed for Chapter 11 bankruptcy protection, and said it plans to keep stores and kiosks
France Hobbled by Strikes Over Retirement Age
French commuters squeezed onto limited trains or fought for rare parking spots Thursday as a second round of strikes against President Nicolas
Euro Slips on Weak Business Sentiment
The euro gave up some of its recent gains against the dollar Thursday as traders booked profits after a survey showed business sentiment
Recession Widens Rich- Poor Gap, Cuts Marriages
The recession seems to be socking Americans in the heart as well as the wallet: Marriages have hit an all-time low while pleas for food ...
Waxman Shelves Bill to Control Bandwidth Manipulation
House Democrats have shelved a last-ditch effort to broker a compromise between phone, cable and Internet companies on rules
Cheap, Hi-Tech Toys Top Christmas List
This year's hot holiday toys are high-tech - and low-price. From tiny remote-control cars from Mattel to nearly paper-thin electronic guitars
Digital Reading Squeezes Out Finland's Paper Mills
Shielded from the deafening roar and searing heat of Paper Machine No. 4, factory foreman Reino Mustonen watches from his glassed-in office
Asia Stocks Rise on Hopes of More U.S. Stimulus
Asian stock markets climbed Wednesday, supported by growing speculation that the Federal Reserve is likely to introduce more stimulus
Japan Business Confidence Rises for 6th Straight Quarter
Business confidence in Japan rose for the sixth straight quarter, but companies fear the improvement is temporary as cooling global growth
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