AOL Posts $1 Bil. Loss of Writedowns, Lower Sales
Internet company AOL Inc. said Wednesday a $1.4 billion accounting charge pushed the company to a $1 billion-plus net loss in the second quarter.
Business
Asia Mixed, Europe Falls on U.S. Recovery Data
World stocks mostly fell Wednesday after more disappointing economic news reinforced concerns about the U.S. economic recovery ahead
Toyota Posts $2.2 Bil. Profit As Global Sales Recover
Toyota reported a quarterly profit of $2.2 billion, reversing from red ink a year earlier as the world's top automaker benefited from a global sales
Delta Posts $467 Mil. Q2 Profits
Delta Air Lines reversed a second-quarter loss with what it says is its largest quarterly profit in a decade thanks to strong passenger revenue.
RIM in Talks with India Over Access to Blackberry Emails
BlackBerry maker Research in Motion Ltd. says it has not agreed to heightened surveillance of its corporate clients by the Indian government
Most Carmakers Post Higher U.S. Sales for July
Most automakers posted higher U.S. sales last month, a sign that Americans are still willing to buy big-ticket items even though concerns
Toyota Shifts Focus to Emerging Markets
Toyota has set its sights on getting half of its sales from areas other than Japan, Europe and the United States, a senior company official ...
Coach Profits Jump As China Stores Open
A sharp in increase in sales in North America and Asia helped Coach's fourth-quarter net income rise 34 percent, the luxury handbag
GM China July Sales Rise 22%, Ford Falls
General Motors' China revenues grew 22% in July on the strength of Chevy sales. Rival Ford Motor Co's local sales fell 6.3%.
Asia Stocks Continue Rising, Europe Slips
European stock markets mostly fell Tuesday after big gains in the previous session while the euro spiked to a fresh three-month high
BMW Pofits Surge to $1.1 Bil. as China Sales Double
Second-quarter earnings at luxury car maker BMW AG surged to euro834 million ($1.1 billion) as better selling prices and robust demand in China
China Honey Producers Run Afoul of Tough U.S. Laws
Businessman Yan Yongxiang was trying to get around stiff U.S. levies on imports of cheap Chinese honey. So he sent 15 shipping containers of cut-rate ...
German Consumer Spending Shows Signs of Life
A small rise in retail sales offered a hopeful sign Thursday for Germany's long-sluggish domestic demand, even as the country's economy minister
Japan Business Confidence at 2-Year High
Major Japanese manufacturers — riding high from a booming Asia — haven't felt this good in two years.
Toyota Reports Faulty Engines in 270,000 Cars
Toyota Motor Corp. said Thursday about 270,000 vehicles sold worldwide, including luxury Lexus sedans, have faulty engines
Microsoft Kills Off Kin Line of Phones Mid-Rollout
For Microsoft, there will be no next of Kin. The company said Wednesday it will halt the planned rollout of Kin One and Kin Two
Scientists Conduct Toyota Acceleration Study
The government said Wednesday it had not uncovered any electronic problems in runaway Toyotas as a scientific panel started work on an extensive study
Ford Pays $4 Bil. More to Reduce Debt Load
Ford Motor Co. says it's making another $4 billion payment on its huge debt.
Britain May Slip Back into Recession on Weak Exports
Britain could be pushed back into recession by the government's austerity moves and slow recovery in key export markets
Asia Falls on Fears of Slowing in China, U.S.
European markets edged higher in volatile trading Wednesday a day after logging steep losses, while major Asian indexes closed down on worries
Global Stocks Slide on Growth Slowdown Fears
Global stock markets fell Thursday after weak manufacturing surveys provided new evidence that the world's biggest economies, from the U.S. to China
Consumer Confidence Falls Most Since Feb.
So much for optimism. A dramatic drop in consumer confidence sent stocks plunging Tuesday and left a key index at its lowest level of the ...
Stocks Skid on Renewed Global Slowdown Fears
No matter where they look, investors are seeing economic trouble. Stocks and interest rates plunged Tuesday after signs of slowing economies
Tesla IPO Raises $226 Mil., Shares Surge
Shares of Tesla Motors Inc. gained more than 40 percent in their public trading debut on Tuesday after the electric car manufacturer raised more money
Distillers Dare Drinkers to Try Flesh-Flavored Vodkas
Prepare your palate for carnivorous cocktails. The Alaska Distillery in Wasilla just recently launched its Smoked Salmon Flavored
Foxconn to Build Megaplant in China Despite Deaths
Foxconn Technology, a supplier to Apple Inc., looks ready to build a huge new factory in north-central China despite the company's own misgivings
Google Agrees to Stop Sending China Search to HK
Google Inc. said Tuesday it will stop automatically rerouting users of its China search site to its Hong Kong site after Beijing threatened the company
Japan's Economic Recovery Faltered in May
Japan's economic recovery faltered in May as moderating export demand dented factory output, household spending fell and the jobless rate
Interest Rates Falls to Lowest Level in 14 Months
A darkening view of the economy sent bond market interest rates to their lowest level in 14 months and kept many investors out of the ...
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.
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
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
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 ...
Apple Sells 1.7 Mil. iPhone 4 in 3 Days
Apple Inc. said Monday that it sold more than 1.7 million units of its new iPhone model in the first three days, making it the ...
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 ...
China Revises 2009 Growth Upward to 9.1%
China's economy grew even faster in 2009 than previously reported, adding to concern the flood of stimulus spending and loans that drove its
GM Sales in China Overtake U.S. on Surging Demand
General Motors Co. says its first-half sales of vehicles in China overtook the U.S. for the first time amid a fitful recovery in American demand.
Toshiba to Enter Electric Car Battery Market
Japanese electronics maker Toshiba Corp. said Friday it's jumping into the battery business for electric vehicles in a development deal with Mitsubishi
Video Game Retail Sales Fall on Lower Console Prices
Video game retail sales slipped once again in May, hurt by lower prices of gaming consoles.
Google to Buy Travel Tech Firm ITA for $700 Mil.
Google Inc. plans to buy travel technology company ITA Software Inc. in a $700 million deal that would enable the Internet search leader to steer ...
GM Reports June Sales Drop from May
Sales of General Motors Co. cars and trucks fell nearly 13 percent from May to June, a sign that this year's slow recovery in auto ...
Stocks Fall on Waning Faith in Yuan Impact
Stocks erased big gains Monday after investors lost some of their enthusiasm about China's decision to let its currency appreciate against the dollar.
Greater Oil Demands Expected from China and India
World oil demand will grow faster than earlier expected through 2015 due to stronger economic growth, particularly in developing countries like China
Fed Expected to Keep Rates at Record Lows
To sustain the fragile economic rebound, the Federal Reserve is sure to leave interest rates at record lows
Strike Forces Honda to Halt China Production Again
Honda Motor Co., which has been repeatedly forced to suspend production in China due to strikes, again halted operations
AOL Posts $1 Bil. Loss of Writedowns, Lower Sales
Internet company AOL Inc. said Wednesday a $1.4 billion accounting charge pushed the company to a $1 billion-plus net loss in the second quarter.
Asia Mixed, Europe Falls on U.S. Recovery Data
World stocks mostly fell Wednesday after more disappointing economic news reinforced concerns about the U.S. economic recovery ahead
Toyota Posts $2.2 Bil. Profit As Global Sales Recover
Toyota reported a quarterly profit of $2.2 billion, reversing from red ink a year earlier as the world's top automaker benefited from a global sales
Delta Posts $467 Mil. Q2 Profits
Delta Air Lines reversed a second-quarter loss with what it says is its largest quarterly profit in a decade thanks to strong passenger revenue.
RIM in Talks with India Over Access to Blackberry Emails
BlackBerry maker Research in Motion Ltd. says it has not agreed to heightened surveillance of its corporate clients by the Indian government
Most Carmakers Post Higher U.S. Sales for July
Most automakers posted higher U.S. sales last month, a sign that Americans are still willing to buy big-ticket items even though concerns
Toyota Shifts Focus to Emerging Markets
Toyota has set its sights on getting half of its sales from areas other than Japan, Europe and the United States, a senior company official ...
Coach Profits Jump As China Stores Open
A sharp in increase in sales in North America and Asia helped Coach's fourth-quarter net income rise 34 percent, the luxury handbag
GM China July Sales Rise 22%, Ford Falls
General Motors' China revenues grew 22% in July on the strength of Chevy sales. Rival Ford Motor Co's local sales fell 6.3%.
Asia Stocks Continue Rising, Europe Slips
European stock markets mostly fell Tuesday after big gains in the previous session while the euro spiked to a fresh three-month high
BMW Pofits Surge to $1.1 Bil. as China Sales Double
Second-quarter earnings at luxury car maker BMW AG surged to euro834 million ($1.1 billion) as better selling prices and robust demand in China
China Honey Producers Run Afoul of Tough U.S. Laws
Businessman Yan Yongxiang was trying to get around stiff U.S. levies on imports of cheap Chinese honey. So he sent 15 shipping containers of cut-rate ...
German Consumer Spending Shows Signs of Life
A small rise in retail sales offered a hopeful sign Thursday for Germany's long-sluggish domestic demand, even as the country's economy minister
Japan Business Confidence at 2-Year High
Major Japanese manufacturers — riding high from a booming Asia — haven't felt this good in two years.
Toyota Reports Faulty Engines in 270,000 Cars
Toyota Motor Corp. said Thursday about 270,000 vehicles sold worldwide, including luxury Lexus sedans, have faulty engines
Microsoft Kills Off Kin Line of Phones Mid-Rollout
For Microsoft, there will be no next of Kin. The company said Wednesday it will halt the planned rollout of Kin One and Kin Two
Scientists Conduct Toyota Acceleration Study
The government said Wednesday it had not uncovered any electronic problems in runaway Toyotas as a scientific panel started work on an extensive study
Ford Pays $4 Bil. More to Reduce Debt Load
Ford Motor Co. says it's making another $4 billion payment on its huge debt.
Britain May Slip Back into Recession on Weak Exports
Britain could be pushed back into recession by the government's austerity moves and slow recovery in key export markets
Asia Falls on Fears of Slowing in China, U.S.
European markets edged higher in volatile trading Wednesday a day after logging steep losses, while major Asian indexes closed down on worries
Global Stocks Slide on Growth Slowdown Fears
Global stock markets fell Thursday after weak manufacturing surveys provided new evidence that the world's biggest economies, from the U.S. to China
Consumer Confidence Falls Most Since Feb.
So much for optimism. A dramatic drop in consumer confidence sent stocks plunging Tuesday and left a key index at its lowest level of the ...
Stocks Skid on Renewed Global Slowdown Fears
No matter where they look, investors are seeing economic trouble. Stocks and interest rates plunged Tuesday after signs of slowing economies
Tesla IPO Raises $226 Mil., Shares Surge
Shares of Tesla Motors Inc. gained more than 40 percent in their public trading debut on Tuesday after the electric car manufacturer raised more money
Distillers Dare Drinkers to Try Flesh-Flavored Vodkas
Prepare your palate for carnivorous cocktails. The Alaska Distillery in Wasilla just recently launched its Smoked Salmon Flavored
Foxconn to Build Megaplant in China Despite Deaths
Foxconn Technology, a supplier to Apple Inc., looks ready to build a huge new factory in north-central China despite the company's own misgivings
Google Agrees to Stop Sending China Search to HK
Google Inc. said Tuesday it will stop automatically rerouting users of its China search site to its Hong Kong site after Beijing threatened the company
Japan's Economic Recovery Faltered in May
Japan's economic recovery faltered in May as moderating export demand dented factory output, household spending fell and the jobless rate
Interest Rates Falls to Lowest Level in 14 Months
A darkening view of the economy sent bond market interest rates to their lowest level in 14 months and kept many investors out of the ...
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.
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
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
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 ...
Apple Sells 1.7 Mil. iPhone 4 in 3 Days
Apple Inc. said Monday that it sold more than 1.7 million units of its new iPhone model in the first three days, making it the ...
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 ...
China Revises 2009 Growth Upward to 9.1%
China's economy grew even faster in 2009 than previously reported, adding to concern the flood of stimulus spending and loans that drove its
GM Sales in China Overtake U.S. on Surging Demand
General Motors Co. says its first-half sales of vehicles in China overtook the U.S. for the first time amid a fitful recovery in American demand.
Toshiba to Enter Electric Car Battery Market
Japanese electronics maker Toshiba Corp. said Friday it's jumping into the battery business for electric vehicles in a development deal with Mitsubishi
Video Game Retail Sales Fall on Lower Console Prices
Video game retail sales slipped once again in May, hurt by lower prices of gaming consoles.
Google to Buy Travel Tech Firm ITA for $700 Mil.
Google Inc. plans to buy travel technology company ITA Software Inc. in a $700 million deal that would enable the Internet search leader to steer ...
GM Reports June Sales Drop from May
Sales of General Motors Co. cars and trucks fell nearly 13 percent from May to June, a sign that this year's slow recovery in auto ...
Stocks Fall on Waning Faith in Yuan Impact
Stocks erased big gains Monday after investors lost some of their enthusiasm about China's decision to let its currency appreciate against the dollar.
Greater Oil Demands Expected from China and India
World oil demand will grow faster than earlier expected through 2015 due to stronger economic growth, particularly in developing countries like China
Fed Expected to Keep Rates at Record Lows
To sustain the fragile economic rebound, the Federal Reserve is sure to leave interest rates at record lows
Strike Forces Honda to Halt China Production Again
Honda Motor Co., which has been repeatedly forced to suspend production in China due to strikes, again halted operations
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