Panasonic Returns to Profit, Buys Out Sanyo
Panasonic is planning to take 100 percent ownership of its subsidiaries Sanyo Electric and Panasonic Electric Works
Business
Siemens Reports 4% Revenue Growth
A strong increase in orders in a recovering economy helped push earnings at Siemens AG 9 percent higher
Hyundai Motor Profits Soar 71% to Record
Hyundai Motor Co.'s second-quarter net profit soared 71 percent to a record high as both sales revenue and volume rose.
Amazon's Lighter, Cheaper Kindle Adds Wi-Fi Access
Jeff Bezos isn't just confident you'll want a Kindle e-book reader. The CEO of Amazon.com is bracing for a future in which you'll also want ...
Japan Retail Sales Up 3.2% in June As Growth Slows
Japan's retail sales in June rose for the sixth straight month, but the pace of growth is slowing.
Sober Fed Assessment Dampens Wall Street Mood
Investors cashed in some of their recent gains Wednesday after the Federal Reserve gave them more confirmation that the economic recovery is slowing.
Jobless Rate Rises in 75% of Urban Areas
The unemployment rate in about three-quarters of the nation's largest metro areas rose last month as nearly one million teenagers entered
Boeing Pofits Fall on Defense Spending Cuts
Boeing's second-quarter profit fell 21 percent, and it said layoffs are likely in its defense business because of expected government spending
Sony Returns to Profit on Playstation 3, PC Sales
Sony bounced back to profit last quarter and raised its full-year earnings forecast, fueled by stronger demand for its PlayStation 3 gaming consoles
Sprint Nextel Reverses Subscriber Losses
Sprint Nextel Corp. said Wednesday that it gained subscribers in its latest quarter, the first such gain in three years, as it continued to improve
Peugeot Citroen Returns to Profit on China Growth
Carmaker PSA Peugeot Citroen SA on Wednesday reported a return to profit in the first half of 2010, beating market expectations and boosting
ArcelorMittal Back to Profit with $1.7 Bil. for Q2
ArcelorMittal SA, the world's biggest steelmaker, said Wednesday that a jump in sales and prices helped it generate net income of $1.7 billion
Panasonic 3-D Camcorder for Consumers to Cost $2,000
The problem of what to watch on a 3-D TV will be yours to solve with Panasonic's camcorder for families to film birthdays, baby's first ...
Asia Stocks Up on Strong Corporate Earnings
Asian stock markets rose in early trading Wednesday as sentiment turned upbeat on a batch of strong corporate earnings results.
Yahoo Japan to Use Google Search Technology
Yahoo Japan Corp. will use Google technology to run its search engine and search ad delivery system, after a similar deal in the U.S.
Vodafone Unveils Solar Cell Phone for India
Vodafone Essar Ltd. has unveiled a solar-powered mobile handset in India to better serve the nation's energy-starved rural masses.
Volt Challenges Leaf in Affordable Electric Car Niche
General Motors Co. says its Chevrolet Volt electric car will cost $41,000 when it goes on sale in November. The price is about $8,000 more ...
Disney Sells Miramax to Hollywood Newcomers
The Walt Disney Co. said Friday that it agreed to sell its Miramax Films to an investor group for about $660 million, ending a 17-year ...
BNP Paribas Profits Surged 31% on Retail Growth
BNP Paribas SA said Monday its net profit soared 31 percent in the second quarter as steep retail banking gains in France and the Benelux ...
China Car Sales Up 17.2% in July As Growth Slows
Auto sales growth in China, the world's biggest market, weakened further in July, data showed Monday.
China Manufacturing Growth Continues Gradual Slowing
Expansion of Chinese manufacturing activity slowed for the third month in July, as production, new orders and purchasing prices all declined
Twitter-Crazed Japan Claims 20 Billionth Tweet
Twitter's 20 billionth message didn't make much sense, but it spoke volumes about the rapid global growth
China Passed Japan to No. 2 Spot Says Currency Chief
China has overtaken Japan to become the world's second-largest economy, said China's currency chief Yi Gang in an interview
Chrysler to Add 900 Jobs for Midsize Car Plant
Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit. Its decision is a show of optimism
Recovery Slowed in Q2
The recovery lost momentum in the second quarter as growth slowed to a 2.4 percent pace, its most sluggish showing
Revised Data Show Recession Was Underestimated
The recession was deeper than the government previously thought. The Commerce Department, in revisions issued Friday
U.S. Consumer Confidence Falls Most Since February
Americans' confidence in the economy eroded further in July amid worries about a still-stagnant job market. The report raised concerns
Honda Profits Mushroom 32-Fold to New Record
Honda's quarterly profit ballooned to a record $3.2 billion while Mazda reduced its losses, rounding out a tale of recovery among Japanese automakers.
Kia Posts 61% Profit Surge on Strong Sales Growth
Kia Motors announced Friday that net profit rose 61 percent in the second quarter amid an increase in sales.
Samsung Posts 83% Profit Jump on Chip, LCD Sales
Samsung Electronics Co.'s net profit surged 83 percent in the second quarter to a record high amid increased sales and strength
Google Sounded False Alarm About China Blockage
Google Inc. triggered a false alarm Thursday by posting a notice that its search engine and several other services had been cut off from mainland ...
VW Profits Surge to $1.6 Bil. on China Demand
Sales at Volkswagen AG motored ahead in the second quarter, thanks in part to strong demand from China and helping to push earnings sharply
Toyota Recalls 412,000 Cars for Steering Parts Cracks
Toyota is recalling 412,000 passenger cars, mostly the Avalon model, in the U.S. for steering problems in which three accidents have been reported
China Okays Geely's Volvo Purchase Without Conditions
Geely Holding Group has received final Chinese government approval to acquire Volvo Cars from Ford Motor Co., the Commerce
Nissan Returns to Profit on Global Rebound
Nissan Motor Co. veered back into the black in its latest quarter as global car sales rebounded while its smaller rival Mitsubishi Motors Corp.
AT&T Earnings Up 26% on Wireless Growth
AT&T Inc. said Thursday that its earnings rose 26 percent in the latest quarter and raised its forecast for the year, helped by its iPhone-fueled ...
World Stocks Rise on Growing Recovery Confidence
World stock markets mostly rose Friday after another batch of positive economic and corporate news helped ease concerns ahead of the publication
McDonald's Net Income Up 12% on Global Sales Rise
McDonald's says its net income climbed 12 percent in the second quarter as customers around the globe gobbled up its cheap food and new frappes
India Unveils $35 Tablet Using Memory Card
It looks like an iPad, only it's 1/14th the cost: India has unveiled the prototype of a $35 basic touchscreen tablet aimed at students
Japanese Giants, Taiwan to Develop WiMax for China
Three big Japanese corporations may join Taiwan in developing cutting-edge broadband technologies that will allow them to jointly tap China's
Wipro Reports 31% Profit Surge on Global Demand
Indian software services firm Wipro Ltd. said quarterly profit jumped 31 percent to 13.19 billion rupees ($284 million), beating expectations
Dell Pays $100 Mil. to Settle SEC Suit
Computer maker Dell Inc. is paying $100 million to settle civil charges that it fraudulently used payments from Intel to pump up its profits
Caterpillar Earnings Double on Strong Overseas Sales
Caterpillar's second-quarter earnings shot up 91 percent with the heavy machinery manufacturer reporting robust sales of equipment for industries
Mortgage Rates Hit New Record Low
Mortgage rates fell to a new record low for the fourth time in five weeks. But low rates haven't been enough to lift a struggling ...
Ford Posts 5th Straight Quarterly Profit
Ford Motor Co. posted its fifth straight quarterly profit on Friday as its popular cars and trucks continued to draw buyers from rivals
Existing Home Sales Fall 5.1%, Prices Rise
Sales of previously occupied homes fell in June and are expected to keep sinking, indicating that the housing market's troubles
Jobless Claims Jump by 37,000
Seasonal factors boosted new requests for unemployment benefits last week as the job market remains weak amid a slow economic recovery.
GM to Pay $3.5 Bil. for Finance Company
General Motors Co. will buy AmeriCredit Corp. for $3.5 billion, a deal that allows the automaker to expand loans to customers with poor credit
Nokia Earnings Fall 40% on Flat Sales
Nokia Corp. said Thursday that second-quarter net profit fell 40 percent to euro227 million ($290 million) as the world's largest mobile phone
World Stocks Up on Earnings, European Growth
World stock markets brushed aside a downbeat assessment of the U.S. outlook from Federal Reserve chairman Ben Bernanke
Panasonic Returns to Profit, Buys Out Sanyo
Panasonic is planning to take 100 percent ownership of its subsidiaries Sanyo Electric and Panasonic Electric Works
Siemens Reports 4% Revenue Growth
A strong increase in orders in a recovering economy helped push earnings at Siemens AG 9 percent higher
Hyundai Motor Profits Soar 71% to Record
Hyundai Motor Co.'s second-quarter net profit soared 71 percent to a record high as both sales revenue and volume rose.
Amazon's Lighter, Cheaper Kindle Adds Wi-Fi Access
Jeff Bezos isn't just confident you'll want a Kindle e-book reader. The CEO of Amazon.com is bracing for a future in which you'll also want ...
Japan Retail Sales Up 3.2% in June As Growth Slows
Japan's retail sales in June rose for the sixth straight month, but the pace of growth is slowing.
Sober Fed Assessment Dampens Wall Street Mood
Investors cashed in some of their recent gains Wednesday after the Federal Reserve gave them more confirmation that the economic recovery is slowing.
Jobless Rate Rises in 75% of Urban Areas
The unemployment rate in about three-quarters of the nation's largest metro areas rose last month as nearly one million teenagers entered
Boeing Pofits Fall on Defense Spending Cuts
Boeing's second-quarter profit fell 21 percent, and it said layoffs are likely in its defense business because of expected government spending
Sony Returns to Profit on Playstation 3, PC Sales
Sony bounced back to profit last quarter and raised its full-year earnings forecast, fueled by stronger demand for its PlayStation 3 gaming consoles
Sprint Nextel Reverses Subscriber Losses
Sprint Nextel Corp. said Wednesday that it gained subscribers in its latest quarter, the first such gain in three years, as it continued to improve
Peugeot Citroen Returns to Profit on China Growth
Carmaker PSA Peugeot Citroen SA on Wednesday reported a return to profit in the first half of 2010, beating market expectations and boosting
ArcelorMittal Back to Profit with $1.7 Bil. for Q2
ArcelorMittal SA, the world's biggest steelmaker, said Wednesday that a jump in sales and prices helped it generate net income of $1.7 billion
Panasonic 3-D Camcorder for Consumers to Cost $2,000
The problem of what to watch on a 3-D TV will be yours to solve with Panasonic's camcorder for families to film birthdays, baby's first ...
Asia Stocks Up on Strong Corporate Earnings
Asian stock markets rose in early trading Wednesday as sentiment turned upbeat on a batch of strong corporate earnings results.
Yahoo Japan to Use Google Search Technology
Yahoo Japan Corp. will use Google technology to run its search engine and search ad delivery system, after a similar deal in the U.S.
Vodafone Unveils Solar Cell Phone for India
Vodafone Essar Ltd. has unveiled a solar-powered mobile handset in India to better serve the nation's energy-starved rural masses.
Volt Challenges Leaf in Affordable Electric Car Niche
General Motors Co. says its Chevrolet Volt electric car will cost $41,000 when it goes on sale in November. The price is about $8,000 more ...
Disney Sells Miramax to Hollywood Newcomers
The Walt Disney Co. said Friday that it agreed to sell its Miramax Films to an investor group for about $660 million, ending a 17-year ...
BNP Paribas Profits Surged 31% on Retail Growth
BNP Paribas SA said Monday its net profit soared 31 percent in the second quarter as steep retail banking gains in France and the Benelux ...
China Car Sales Up 17.2% in July As Growth Slows
Auto sales growth in China, the world's biggest market, weakened further in July, data showed Monday.
China Manufacturing Growth Continues Gradual Slowing
Expansion of Chinese manufacturing activity slowed for the third month in July, as production, new orders and purchasing prices all declined
Twitter-Crazed Japan Claims 20 Billionth Tweet
Twitter's 20 billionth message didn't make much sense, but it spoke volumes about the rapid global growth
China Passed Japan to No. 2 Spot Says Currency Chief
China has overtaken Japan to become the world's second-largest economy, said China's currency chief Yi Gang in an interview
Chrysler to Add 900 Jobs for Midsize Car Plant
Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit. Its decision is a show of optimism
Recovery Slowed in Q2
The recovery lost momentum in the second quarter as growth slowed to a 2.4 percent pace, its most sluggish showing
Revised Data Show Recession Was Underestimated
The recession was deeper than the government previously thought. The Commerce Department, in revisions issued Friday
U.S. Consumer Confidence Falls Most Since February
Americans' confidence in the economy eroded further in July amid worries about a still-stagnant job market. The report raised concerns
Honda Profits Mushroom 32-Fold to New Record
Honda's quarterly profit ballooned to a record $3.2 billion while Mazda reduced its losses, rounding out a tale of recovery among Japanese automakers.
Kia Posts 61% Profit Surge on Strong Sales Growth
Kia Motors announced Friday that net profit rose 61 percent in the second quarter amid an increase in sales.
Samsung Posts 83% Profit Jump on Chip, LCD Sales
Samsung Electronics Co.'s net profit surged 83 percent in the second quarter to a record high amid increased sales and strength
Google Sounded False Alarm About China Blockage
Google Inc. triggered a false alarm Thursday by posting a notice that its search engine and several other services had been cut off from mainland ...
VW Profits Surge to $1.6 Bil. on China Demand
Sales at Volkswagen AG motored ahead in the second quarter, thanks in part to strong demand from China and helping to push earnings sharply
Toyota Recalls 412,000 Cars for Steering Parts Cracks
Toyota is recalling 412,000 passenger cars, mostly the Avalon model, in the U.S. for steering problems in which three accidents have been reported
China Okays Geely's Volvo Purchase Without Conditions
Geely Holding Group has received final Chinese government approval to acquire Volvo Cars from Ford Motor Co., the Commerce
Nissan Returns to Profit on Global Rebound
Nissan Motor Co. veered back into the black in its latest quarter as global car sales rebounded while its smaller rival Mitsubishi Motors Corp.
AT&T Earnings Up 26% on Wireless Growth
AT&T Inc. said Thursday that its earnings rose 26 percent in the latest quarter and raised its forecast for the year, helped by its iPhone-fueled ...
World Stocks Rise on Growing Recovery Confidence
World stock markets mostly rose Friday after another batch of positive economic and corporate news helped ease concerns ahead of the publication
McDonald's Net Income Up 12% on Global Sales Rise
McDonald's says its net income climbed 12 percent in the second quarter as customers around the globe gobbled up its cheap food and new frappes
India Unveils $35 Tablet Using Memory Card
It looks like an iPad, only it's 1/14th the cost: India has unveiled the prototype of a $35 basic touchscreen tablet aimed at students
Japanese Giants, Taiwan to Develop WiMax for China
Three big Japanese corporations may join Taiwan in developing cutting-edge broadband technologies that will allow them to jointly tap China's
Wipro Reports 31% Profit Surge on Global Demand
Indian software services firm Wipro Ltd. said quarterly profit jumped 31 percent to 13.19 billion rupees ($284 million), beating expectations
Dell Pays $100 Mil. to Settle SEC Suit
Computer maker Dell Inc. is paying $100 million to settle civil charges that it fraudulently used payments from Intel to pump up its profits
Caterpillar Earnings Double on Strong Overseas Sales
Caterpillar's second-quarter earnings shot up 91 percent with the heavy machinery manufacturer reporting robust sales of equipment for industries
Mortgage Rates Hit New Record Low
Mortgage rates fell to a new record low for the fourth time in five weeks. But low rates haven't been enough to lift a struggling ...
Ford Posts 5th Straight Quarterly Profit
Ford Motor Co. posted its fifth straight quarterly profit on Friday as its popular cars and trucks continued to draw buyers from rivals
Existing Home Sales Fall 5.1%, Prices Rise
Sales of previously occupied homes fell in June and are expected to keep sinking, indicating that the housing market's troubles
Jobless Claims Jump by 37,000
Seasonal factors boosted new requests for unemployment benefits last week as the job market remains weak amid a slow economic recovery.
GM to Pay $3.5 Bil. for Finance Company
General Motors Co. will buy AmeriCredit Corp. for $3.5 billion, a deal that allows the automaker to expand loans to customers with poor credit
Nokia Earnings Fall 40% on Flat Sales
Nokia Corp. said Thursday that second-quarter net profit fell 40 percent to euro227 million ($290 million) as the world's largest mobile phone
World Stocks Up on Earnings, European Growth
World stock markets brushed aside a downbeat assessment of the U.S. outlook from Federal Reserve chairman Ben Bernanke
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