GM Posts $1.33 Bil. Profit for Q2, CEO Steps Down
General Motors Co. said Thursday it made $1.33 billion in the second quarter, a sign it's getting healthier as it prepares to sell stock to ...
Business
Jobless Claims at Highest Level Since February
The economy is looking bleaker as new applications for jobless benefits rose last week to the highest level in almost six months.
Xinhua, China Mobile Launch Search Joint Venture
The state-run Xinhua News Agency said Thursday it will launch a search venture, giving Google a new, well-financed rival following
Europe Cuts Dream Projects to Reduce Budget Deficits
A rebuilt Prussian palace in Berlin. High-speed rail from Lisbon to Kiev. A new visitor center for Britain's Stonehenge. They're just some of the big-ticket
Eurozone Grew Faster Than U.S. in Q2
The economy of the 16 countries that use the euro grew by a better-than-expected 1 percent during the second quarter as growth engine Germany
Macy's Q2 Profits Surge on Growing Market Share
Macy's Inc.'s net income surged in the second quarter as the department store chain saw a payoff from its focus on exclusive moderate-price
China Industrial Growth Slips to 13.4%
China's industrial growth slowed further in July as Beijing clamped down on a credit boom, fueling expectations it will ease monetary policy
ING Q2 Earnings Jump on Healthy Lending Growth
ING Groep NV, the Dutch bank and insurance company, Wednesday reported a sharp rise in second quarter earnings, mostly because it avoided some
Nestle Profits Rise 7.5% on Robust Sales Growth
Swiss food and drinks company Nestle SA reported Wednesday a 7.5 percent rise in half-year net profit to 5.45 billion Swiss francs ($5 billion)
World Stocks Fall on Anxiety Over Growth Prospects
World markets dropped Wednesday despite a late rally on Wall Street as investors gave a lukewarm reception to the Federal Reserve's latest batch
Chipmaker Shares Suffer from Fears of PC Slowdown
Shares of chipmakers Intel Corp., Advanced Micro Devices Inc. and Nvidia Corp. dropped Tuesday as analysts said demand for computers looks
Netflix to Pay $1 Bil. to Stream Paramount, MGM Films
Netflix Inc. will pay nearly $1 billion during the next five years for the online streaming rights to movies from Paramount, Lionsgate and MGM
China Overtook Japan As No. 2 Economy in Q2
Japan lost its place as the world's No. 2 economy to China in the second quarter as receding global growth sapped momentum and stunted a ...
Columbia MBA Sues Google for Malicious Poster's ID
A business consultant wants a court to force YouTube and owner Google to unmask a cyber cipher who posted what she says are unauthorized videos
Manufacturing Data Restores Faith in Recovery
New government data offered a mixed picture of the economic recovery Tuesday, as U.S. manufacturing activity grew in July at the fastest pace
Check Substantiates NY Man's Claim to 84% of Facebook
A New York man produced a cashed $3,000 check to support his claim that he is contractually entitled to ownership of 84% of Facebook Inc.
Abercrombie & Fitch Returns to Profit in Q2
Abercrombie & Fitch return to a profit in the second quarter as its strategy of lowering some prices boosted sales.
Asia Stocks Rise Modestly As Markets Calm
Asian markets mostly posted tentative gains Tuesday as nerves calmed despite steady driblets of sobering news about the speed of the global economic
Banks Loosen Small Business Lending Standards
Banks have eased lending standards for small businesses for the first time in nearly four years, the Federal Reserve said Monday.
Homebuilder Confidence Drops for 3rd Straight Month
Homebuilder confidence dropped for the third straight month in August as the struggling economy and a flood of cheap foreclosed properties
Dell Buys Data Storage Leader 3Par for $1.13 Bil.
Dell Inc. said Monday it's buying 3Par Inc., a maker of enterprise data storage equipment, for about $1.13 billion cash.
Microsoft Begins Powering All Yahoo Searches
Microsoft Corp.'s technology is now processing all the search requests on Yahoo Inc.'s website in the U.S. and Canada, completing a long-awaited leap
China Cut U.S. Treasury Holdings Again in June
China reduced its holdings of U.S. Treasury debt for a second straight month in June while the holdings of Japan and Britain rose.
World Stocks Fall on Japan Export Slowdown
World stocks markets mostly fell Monday after figures showed that Japan's economic growth slowed sharply during the second quarter
China's Ag Bank Confirms IPO Was World's Largest
The Agricultural Bank of China says it raised a world record $22.1 billion in its initial public offering last month, despite a tepid reception from ...
Apple Manager Indicted on Kickback Charges
A manager at Apple Inc. has been indicted by a federal grand jury in an alleged kickback scheme involving suppliers of iPhone and iPod accessories.
U.S. Stocks Keep Slipping on Confusing Data
The stock market has fallen for the fourth straight day after a mixed batch of readings on consumer spending contributed to a muddled picture
magicJack Company to Offer Free Calls from Computers
The company behind the magicJack, the Internet phone gadget heavily advertised on television, has another trick up its sleeve
IBM Adds Online Marketing Tools with Unica Buy
IBM Corp. said Friday that it has agreed to buy the marketing services company Unica Corp. in a $480 million deal that would give IBM
U.S. Stock Futures Surge on China Factory Growth
Stock futures are surging after upbeat signs of growth in China and Australia lessened worries about a global economic slowdown.
Cognac Maker Posts Profit Growth on Asia Demand
Pernod Ricard SA said Thursday that demand for Martell cognac in China and Chivas Regal scotch in Latin America helped lift full-year net profit by ...
Costco August Sales Rise 7% on Overseas Growth
Costco Wholesale Corp. said Thursday that revenue at stores open at least a year increased 7 percent in August, buoyed by higher gas prices
Delta Posts 30% Revenue Growth in Asia
Delta is upbeat about its business in Japan as new routes and the surging yen boost travel and help along the recovery in the industry
China Auto Sales Jump 55.7% in August
Auto sales in China, the world's biggest car market, rebounded in August as subsidies for energy-efficient vehicles and a stronger currency
Apple Unveils Box for Streaming Movies, TV Shows
Apple Inc. is refining its plans to annex the living room into its entertainment empire.
U.S. Manufacturing Expands for 13th Straight Month
U.S. manufacturing expanded in August for the 13th straight month, lifting hopes that economic growth won't stall.
China Manufacturing, Car Sales Rebound in August
Chinese manufacturing and auto sales rebounded in August, suggesting the world's second-biggest economy may not be slowing as quickly as feared.
More Spent on Kids, Less on Moms in August
Not even skinny jeans for $20 are pulling Americans into stores. Nervous about jobs and an unraveling economy, shoppers spent — at best
Asian Stocks Keep Rising Ahead of U.S. Jobs Data
Most Asian stock markets climbed Friday as investors took heart from improving U.S. housing and jobs data amid lingering worries over the pace
Asian Stocks Up on Strong China, Australia Data
Asian stock markets rose Wednesday, rebounding from losses as Australia's economic growth accelerated and Chinese manufacturing
New Blackberry App Allows Sports Betting in Nevada
Getting money down on your favorite sports team is getting a little easier in Nevada with the first-ever legal wagering application for smart phones.
Exelon Buys Deere Wind Farm As Energy Industry Consolidates
Energy company Exelon Corp. said Tuesday it will pay $900 million for the wind energy assets of manufacturer Deere & Co., potentially signaling
JPMorgan to Shut Down Proprietary Trading
JPMorgan Chase & Co. is shutting down its proprietary trading desks and eliminating around 80 jobs to comply with new restrictions on investment banks
Korean Tablets Debut Ahead of iPad Launch
Korean companies aren't waiting for Apple's iPad launch to debut tablets aimed at people who want the mobility of smart phones but with touch-screens
Carbuyers Likely to See Fewer Deals This August
For years, Americans shopping for cars were treated to all sorts of deals and incentives, especially at the end of summer. Think Cash for Clunkers
Eurozone Inflation Eases to 1.6%
Inflation in the 16 countries that use the euro fell in August, official figures showed Tuesday, reinforcing market expectations that the European
New U.S. Import Duties Likely on Chinese Aluminum
Analysts say the Obama administration, under congressional pressure to take a tough stance on Chinese trade policies, is expected to declare
Top China Firms Surpass U.S. in Profit-to-Sales Ratios
The operating revenues of China's 500 largest firms rose to 41.5% of their U.S. counterparts, according to the China Enterprise Confederation
Oracle Pay Package Could Give Hurd $250 Mil.
Oracle plans to pay newly appointed President Mark Hurd a base salary of $950,000 a year. The company also says the former Hewlett-Packard Co. CEO
Obama to Push 3 Stimulus Measures in Ohio Speech
Seeking to give anxious Democrats a boost ahead of the November elections, President Barack Obama is pitching a trio of economic initiatives
GM Posts $1.33 Bil. Profit for Q2, CEO Steps Down
General Motors Co. said Thursday it made $1.33 billion in the second quarter, a sign it's getting healthier as it prepares to sell stock to ...
Jobless Claims at Highest Level Since February
The economy is looking bleaker as new applications for jobless benefits rose last week to the highest level in almost six months.
Xinhua, China Mobile Launch Search Joint Venture
The state-run Xinhua News Agency said Thursday it will launch a search venture, giving Google a new, well-financed rival following
Europe Cuts Dream Projects to Reduce Budget Deficits
A rebuilt Prussian palace in Berlin. High-speed rail from Lisbon to Kiev. A new visitor center for Britain's Stonehenge. They're just some of the big-ticket
Eurozone Grew Faster Than U.S. in Q2
The economy of the 16 countries that use the euro grew by a better-than-expected 1 percent during the second quarter as growth engine Germany
Macy's Q2 Profits Surge on Growing Market Share
Macy's Inc.'s net income surged in the second quarter as the department store chain saw a payoff from its focus on exclusive moderate-price
China Industrial Growth Slips to 13.4%
China's industrial growth slowed further in July as Beijing clamped down on a credit boom, fueling expectations it will ease monetary policy
ING Q2 Earnings Jump on Healthy Lending Growth
ING Groep NV, the Dutch bank and insurance company, Wednesday reported a sharp rise in second quarter earnings, mostly because it avoided some
Nestle Profits Rise 7.5% on Robust Sales Growth
Swiss food and drinks company Nestle SA reported Wednesday a 7.5 percent rise in half-year net profit to 5.45 billion Swiss francs ($5 billion)
World Stocks Fall on Anxiety Over Growth Prospects
World markets dropped Wednesday despite a late rally on Wall Street as investors gave a lukewarm reception to the Federal Reserve's latest batch
Chipmaker Shares Suffer from Fears of PC Slowdown
Shares of chipmakers Intel Corp., Advanced Micro Devices Inc. and Nvidia Corp. dropped Tuesday as analysts said demand for computers looks
Netflix to Pay $1 Bil. to Stream Paramount, MGM Films
Netflix Inc. will pay nearly $1 billion during the next five years for the online streaming rights to movies from Paramount, Lionsgate and MGM
China Overtook Japan As No. 2 Economy in Q2
Japan lost its place as the world's No. 2 economy to China in the second quarter as receding global growth sapped momentum and stunted a ...
Columbia MBA Sues Google for Malicious Poster's ID
A business consultant wants a court to force YouTube and owner Google to unmask a cyber cipher who posted what she says are unauthorized videos
Manufacturing Data Restores Faith in Recovery
New government data offered a mixed picture of the economic recovery Tuesday, as U.S. manufacturing activity grew in July at the fastest pace
Check Substantiates NY Man's Claim to 84% of Facebook
A New York man produced a cashed $3,000 check to support his claim that he is contractually entitled to ownership of 84% of Facebook Inc.
Abercrombie & Fitch Returns to Profit in Q2
Abercrombie & Fitch return to a profit in the second quarter as its strategy of lowering some prices boosted sales.
Asia Stocks Rise Modestly As Markets Calm
Asian markets mostly posted tentative gains Tuesday as nerves calmed despite steady driblets of sobering news about the speed of the global economic
Banks Loosen Small Business Lending Standards
Banks have eased lending standards for small businesses for the first time in nearly four years, the Federal Reserve said Monday.
Homebuilder Confidence Drops for 3rd Straight Month
Homebuilder confidence dropped for the third straight month in August as the struggling economy and a flood of cheap foreclosed properties
Dell Buys Data Storage Leader 3Par for $1.13 Bil.
Dell Inc. said Monday it's buying 3Par Inc., a maker of enterprise data storage equipment, for about $1.13 billion cash.
Microsoft Begins Powering All Yahoo Searches
Microsoft Corp.'s technology is now processing all the search requests on Yahoo Inc.'s website in the U.S. and Canada, completing a long-awaited leap
China Cut U.S. Treasury Holdings Again in June
China reduced its holdings of U.S. Treasury debt for a second straight month in June while the holdings of Japan and Britain rose.
World Stocks Fall on Japan Export Slowdown
World stocks markets mostly fell Monday after figures showed that Japan's economic growth slowed sharply during the second quarter
China's Ag Bank Confirms IPO Was World's Largest
The Agricultural Bank of China says it raised a world record $22.1 billion in its initial public offering last month, despite a tepid reception from ...
Apple Manager Indicted on Kickback Charges
A manager at Apple Inc. has been indicted by a federal grand jury in an alleged kickback scheme involving suppliers of iPhone and iPod accessories.
U.S. Stocks Keep Slipping on Confusing Data
The stock market has fallen for the fourth straight day after a mixed batch of readings on consumer spending contributed to a muddled picture
magicJack Company to Offer Free Calls from Computers
The company behind the magicJack, the Internet phone gadget heavily advertised on television, has another trick up its sleeve
IBM Adds Online Marketing Tools with Unica Buy
IBM Corp. said Friday that it has agreed to buy the marketing services company Unica Corp. in a $480 million deal that would give IBM
U.S. Stock Futures Surge on China Factory Growth
Stock futures are surging after upbeat signs of growth in China and Australia lessened worries about a global economic slowdown.
Cognac Maker Posts Profit Growth on Asia Demand
Pernod Ricard SA said Thursday that demand for Martell cognac in China and Chivas Regal scotch in Latin America helped lift full-year net profit by ...
Costco August Sales Rise 7% on Overseas Growth
Costco Wholesale Corp. said Thursday that revenue at stores open at least a year increased 7 percent in August, buoyed by higher gas prices
Delta Posts 30% Revenue Growth in Asia
Delta is upbeat about its business in Japan as new routes and the surging yen boost travel and help along the recovery in the industry
China Auto Sales Jump 55.7% in August
Auto sales in China, the world's biggest car market, rebounded in August as subsidies for energy-efficient vehicles and a stronger currency
Apple Unveils Box for Streaming Movies, TV Shows
Apple Inc. is refining its plans to annex the living room into its entertainment empire.
U.S. Manufacturing Expands for 13th Straight Month
U.S. manufacturing expanded in August for the 13th straight month, lifting hopes that economic growth won't stall.
China Manufacturing, Car Sales Rebound in August
Chinese manufacturing and auto sales rebounded in August, suggesting the world's second-biggest economy may not be slowing as quickly as feared.
More Spent on Kids, Less on Moms in August
Not even skinny jeans for $20 are pulling Americans into stores. Nervous about jobs and an unraveling economy, shoppers spent — at best
Asian Stocks Keep Rising Ahead of U.S. Jobs Data
Most Asian stock markets climbed Friday as investors took heart from improving U.S. housing and jobs data amid lingering worries over the pace
Asian Stocks Up on Strong China, Australia Data
Asian stock markets rose Wednesday, rebounding from losses as Australia's economic growth accelerated and Chinese manufacturing
New Blackberry App Allows Sports Betting in Nevada
Getting money down on your favorite sports team is getting a little easier in Nevada with the first-ever legal wagering application for smart phones.
Exelon Buys Deere Wind Farm As Energy Industry Consolidates
Energy company Exelon Corp. said Tuesday it will pay $900 million for the wind energy assets of manufacturer Deere & Co., potentially signaling
JPMorgan to Shut Down Proprietary Trading
JPMorgan Chase & Co. is shutting down its proprietary trading desks and eliminating around 80 jobs to comply with new restrictions on investment banks
Korean Tablets Debut Ahead of iPad Launch
Korean companies aren't waiting for Apple's iPad launch to debut tablets aimed at people who want the mobility of smart phones but with touch-screens
Carbuyers Likely to See Fewer Deals This August
For years, Americans shopping for cars were treated to all sorts of deals and incentives, especially at the end of summer. Think Cash for Clunkers
Eurozone Inflation Eases to 1.6%
Inflation in the 16 countries that use the euro fell in August, official figures showed Tuesday, reinforcing market expectations that the European
New U.S. Import Duties Likely on Chinese Aluminum
Analysts say the Obama administration, under congressional pressure to take a tough stance on Chinese trade policies, is expected to declare
Top China Firms Surpass U.S. in Profit-to-Sales Ratios
The operating revenues of China's 500 largest firms rose to 41.5% of their U.S. counterparts, according to the China Enterprise Confederation
Oracle Pay Package Could Give Hurd $250 Mil.
Oracle plans to pay newly appointed President Mark Hurd a base salary of $950,000 a year. The company also says the former Hewlett-Packard Co. CEO
Obama to Push 3 Stimulus Measures in Ohio Speech
Seeking to give anxious Democrats a boost ahead of the November elections, President Barack Obama is pitching a trio of economic initiatives
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