Big Carmakers End Awful 2009 with Strong Momentum
Big automakers are glad to see the end of 2009, the worst year for U.S. sales in nearly 30 years.
Business
Powermat Expands Wireless Charging for Cell Phones
Powermat USA helped consumers cut some power cords last year by selling mats that juiced up gadgets placed on top of them.
Manhattan Home Sales Rose As Prices Fell in Q4
Home sales in Manhattan rebounded at the end of the year, but experts predict a weak recovery for the new year because the number of ...
Giant Bluefin Tuna Fetches $177,000 at Tsukiji Market
A giant bluefin tuna fetched 16.3 million yen ($177,000) in an auction Tuesday at the world's largest wholesale fish market in Japan.
Japan Auto Sales Fell to Lowest Level in 38 Years
Auto sales in Japan declined to their lowest in 38 years, slumping 9 percent to 2.9 million vehicles for 2009, an industry group said Tuesday.
China Pulls Out of $40 Bil. Australia Gas Deal
Energy giant PetroChina Co. Ltd. has pulled out of a $40 billion deal to buy natural gas from a project off Australia, leaving Woodside Petroleum ...
Apple to Unveil Tablet in January
Speculation intensified Monday that Apple Inc. will soon unveil a tablet-style gadget for consuming music, movies, books and other media.
Toyota Takes Stake in Argentina Lithium Mining Venture
A key supplier of Toyota Motor Corp. has formed a partnership to mine lithium in Argentina, securing greater access to a metal critical to the ...
Obama Pushes to Limit Proprietary Trading by Big Banks
President Barack Obama stepped up his campaign against Wall Street on Thursday with a far-reaching proposal for tougher regulation of the biggest banks.
GM's Opel to Cut 8,300 Jobs in Europe
General Motor Co.'s Opel unit will cut 8,300 jobs across Europe, including 4,000 in Germany, and close a plant in Antwerp, Belgium
Conan, Staff to Exit NBC for $45 Mil.
NBC said Thursday it has reached a $45 million deal with Conan O'Brien for his exit from the "Tonight" show, allowing Jay Leno to return ...
Xerox Profits Jump on Cost-Cutting
Xerox Corp. said Thursday that cost-cutting efforts last year helped boost its fourth-quarter profit.
New Jobless Claims Rise Unexpectedly
The number of newly-laid off workers seeking jobless benefits unexpectedly rose last week, as the economy recovers at a slow and uneven pace.
World Bank Fears Economic Dip When Stimulus Ends
The global economy will suffer the fallout from the financial crisis for years to come, the World Bank said Thursday in a report warning
China Growth Jumps to 10.7% for Q4
China's economic growth accelerated to 10.7 percent in the final quarter of 2009, adding to pressure on Beijing to cool inflation pressures
NY Times to Charge for Online Access in 2011
The New York Times plans to charge readers for full access to its Web site next year, reviving an idea that fizzled twice for the ...
China Declares Crisis Over, Shifts Focus to Inflation
China declared it is over the global crisis and signaled a shift in focus to controlling inflation
U.S. Recession Fed Hiring at Indian Outsourcing Firms
India's top three outsourcing companies are ramping up hiring and increasing pay as global corporations, mainly from the U.S.
World Markets Fall on China Lending Curbs
China's main stock market led global exchanges lower Wednesday as investors fretted about the possibility of further lending curbs
Baidu Sues Register.com for Hacking Attack
China's most popular search engine, Baidu Inc., is accusing its U.S.-based domain name registry of negligence in a lawsuit over a hacking
LG Display Profits Jump on Surge in Q4 Sales
LG Display Co. returned to profit in the fourth quarter of 2009 as higher prices helped boost sales after a U.S. price-fixing fine dragged
IBM Profits Rise 9% As Revenue Growth Resumes
IBM Corp. said Tuesday that it managed a 9 percent increase in profit in the last quarter as the technology company's revenue grew for the ...
JAL's Asia Routes Real Prize of American-Delta Contest
Japan Airlines isn't the real prize in the fight between Delta Air Lines and American Airlines over who gets to partner with the troubled carrier.
China's HK Signs Italian Designer for U.S. Hybrid Car
A former Chinese carmaker planning a hybrid car assembly plant in Alabama has lined up a veteran engineering and design firm
Ad Revenues Expected to Rise in 2010
company that tracks advertising trends raised its outlook for the year Tuesday and said the two-year slump in U.S. ad revenue may be ending.
Google Wants to Stay in China After Search Exit
Even if its stand against censorship leads it to close its search engine in China, Google Inc. still hopes to maintain other key operations
DuPont Profits Soar on Record Asia Demand
Improved sales across its global markets and lower raw material and energy costs led to a fourth-quarter turnaround for DuPont
Delta Q4 Loss Shrinks to $25 Mil.
Delta Air Lines posted a $25 million net loss for the final three months of 2009, much smaller than a year earlier.
UK Economy Grew Just 0.1% in Q4
Britain's worst recession since World War II is officially over — but only just.
Air New Zealand Offers Bed Seat in Economy
Air New Zealand said Tuesday it will set a new benchmark for longhaul flights by offering beds in economy class, but they come with a ...
Toyota Expects Sales to Grow to 8.27 Mil.
Toyota said Tuesday it plans to sell 8.27 million vehicles worldwide this year, up 6 percent from 2009, showing the world's No. 1 automaker is ...
Shiseido Starts $1.7 Bil. Offer for Bare Escentuals
Japanese cosmetics maker Shiseido Co. said Monday it has started a tender offer to buy all outstanding shares of Bare Escentuals
Apple Earned Record Profits in Q4
Apple Inc. rocketed to its most profitable quarter ever over the holidays, as huge sales of the iPhone and Macintosh computers led to a nearly ...
Wall Street Shrugs Off Bad December Housing Data
European stock markets extended losses Monday as a Wall Street rally ground to a halt following particularly bad U.S. housing data and ongoing
SoCal Home Median Prices Rose in November
The median home price in Southern California posted its first year-on-year gain last month since the summer of 2007
Boeing Expected to Post Solid Q4 Profits
Boeing Co., the world's second-largest commercial aircraft maker after Europe's Airbus, reports its fourth-quarter results on Wednesday.
AOL to Buy Web Video Firm for $36.5 Mil.
AOL Inc. said Monday that it is boosting its ability to create Web videos by paying $36.5 million for StudioNow Inc., a Web site that ...
Chrysler Seeks Clear Identities for Dodge, Chrysler
Chrysler sold more than 118,000 Sebring sedans in 2001. Eight years later, the automaker barely sold 27,000 as its bankruptcy filing
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 ...
GE Sees Growth Ahead Despite Profits Drop
General Electric Co.'s fourth-quarter net income fell 19 percent, but the industrial bellwether is seeing signs of stability as it moves into a key rebuilding ...
McDonald's Revenues, Profits Jump
More hungry diners gobbling its cheap eats helped McDonald's Corp.'s sales and profit grow in its fourth quarter, the company said Friday in an earnings ...
World Stocks Slump on Obama Bank Speech
World markets fell Friday, led by bank stocks after President Barack Obama proposed a sweeping overhaul of Wall Street to avert future financial crises.
Baidu Shares Leap on Google Threat to Quit China
Baidu, the biggest search engine in China, is reaping a windfall from Google's threat to pull out of the country.
Kodak Sues Apple, RIM for Infringing Camera Patents
Eastman Kodak Co. said Thursday it is suing Apple Inc. and BlackBerry maker Research in Motion Ltd. over technology related to digital cameras
Retail Sales Fall, Jobless Claims Rise
Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly drop on record and highlighting the formidable hurdles
World Markets Rise As China Cooling Fears Ease
World stock markets rebounded Thursday as receding worries about credit-tightening in China bolstered companies across Asia
Google Founders Likely Force Behind China Stand
Google Inc. co-founders Sergey Brin and Larry Page have always said they put their principles before profit, even to the point of using their control
China Will Stay Top Car Market Says GM Exec
China has probably passed the U.S. for good as the world's largest auto sales market, General Motor Co.'s top executive in China said Wednesday.
Nexus One Falls Short of Being Super Phone
Many people consider the iPhone the ultimate "smart" phone. Now Google wants you to think of its new Nexus One device as a "super" phone.
Yahoo Backs Google Response to Email Hacking
Yahoo supports rival Google's threatened departure from China because of computer attacks that pried into the e-mail accounts of human rights activists.
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