HP to Buy Struggling Palm for $1.2 Bil.
Palm Inc. a pioneer in the smart phone business that couldn't quite make the comeback it needed, has agreed to be bought out by Hewlett-Packard
Business
Earnings Show Corporate America Out of Recession
Corporate America is back. Companies that do everything from making appliances to selling cruises are reporting strong first-quarter profits — not because of the layoffs ...
Euro Hits 1-Year Low on Spain Debt Downgrade
The dollar surged broadly Wednesday with the euro sinking to a 1-year low as the debt crisis in Europe intensified.
Comcast Profits Rise on Subscriptions, Ad Rebound
Consumers signing up for digital cable TV and high-speed Internet services led to a 12 percent increase in first-quarter profit for Comcast Corp.
Sprint Nextel Subscriber Loss Slows on Cheap Plans
Sprint Nextel Corp. continued to stem the long-running trend of subscriber flight in the first quarter but did so by offering cheaper service
Germany Says Greek Aid Likely By May 7
Germany could have its contribution to a financial aid package for Greece approved by the end of next week if Athens successfully finalizes
Honda Returns to Profitability on China, India Demand
Honda posted a 72 billion yen ($774 million) profit for the January-March quarter in a reversal from red ink a year earlier as booming demand
Exxon Mobil Profits Jump 38% on Oil Rise
Exxon Mobil Corp. said Thursday its quarterly profit jumped 38 percent as oil prices rose in the first three months of the year.
Sands Opens $5.7-Bil. Singapore Casino Resort
Singapore's second casino-resort opened Tuesday, a massive $5.7 billion project by Las Vegas Sands Corp. that aims to makeover the city-state
World Markets Slide on China Fears, Greek Glitch
Greek shares led the global stock market retreat Tuesday amid mounting concerns about the country's ability to tap a bailout facility
S. Korea GDP Growing at Annualized 7.5% Rate
South Korea's economic growth accelerated sharply in the first quarter of 2010 amid a rebound in manufacturing, exports and spending.
Gasoline Prices Set to Rise As Recession Fades
After a weeklong break, gasoline prices are ready to climb higher again. Surging wholesale gasoline prices should push pump prices to an 18-month high
Wal-Mart to Face Massive Class Action Suit
A sharply divided federal appeals court on Monday exposed Wal-Mart Stores Inc. to billions of dollars in legal damages when it ruled a massive class
Hertz to Buy Dollar Thrifty for $1.2 Bil.
Hertz Global Holdings Inc. said Monday it has agreed to buy rival Dollar Thrifty Automotive Group for about $1.17 billion in cash
U.S. Newspaper Circulations Fall 8.7%
Circulation continues to drop severely at U.S. newspapers, though the rate of decline slowed from the previous six-month reporting period.
Germany Nixes Bailout Until Greece Inks Austerity Measures
German Finance Minister Wolfgang Schaeuble says parliament won't address Greece's aid request until Athens finishes talks with the European Union
Caterpillar Returns to Profit, Signals Strong Outlook
Heavy equipment maker Caterpillar signaled the economy is improving Monday with healthy outlook for the year and a sharp rebound from last
Asian Stocks Drop as China Raises Bank Reserve
Asian stocks fell Monday after China ordered banks to raise their reserves, the latest in a series of moves aimed at curbing inflation
Time Warner Asked to Stop Claiming Fiber Optics
An advertising watchdog on Tuesday asked Time Warner Cable Inc. and Cox Communications Inc. to drop claims that they run fiber-optics networks.
Apple's Developer Policy Draws Antitrust Scrutiny
Federal regulators plan to examine whether Apple Inc. is violating antitrust rules by requiring software developers to use Apple programming
ADM Profits Surge on Biofuel Demand
Archer Daniels Midland Co. reported that its third-quarter profit soared to more to $421 million from just $3 million in the same period last year
Oil Slips on Rising Dollar, Inventories
Oil prices slumped to below $85 a barrel Tuesday as the dollar strengthened and traders anticipated another increase in U.S. crude supplies
GM Celebrate's Suburban's 75th Birthday
The Chevrolet Suburban, the roomy choice of hunters, law enforcement agencies and soccer moms, celebrated its 75th anniversary Monday
GM's 6.4% April Sales Growth Less Than Expected
General Motors Co.'s sales rose 6.4 percent in April as the auto industry continued to see signs of recovery, although the pace slowed from incentive-fueled ...
Consumer Spending Growth Financed from Savings
Consumer spending rose in March by the largest amount in five months but the gains were financed out of savings, which fell to the lowest ...
Avis Offers to Top Hertz Bid for Dollar Thrifty
Avis says rival rental car company Dollar Thrifty is selling itself too cheaply to Hertz, and promised to top the buyout offer announced last week.
United, Continental Merge into World's Biggest Airline
United and Continental Airlines said Monday they have agreed to form the world's largest airline in a deal worth about $3 billion.
Treasury to Begin Selling Off Citigroup Shares
The Treasury Department said Monday that its first sales of Citigroup stock will cover up to 1.5 billion shares.
Shanghai Expo Irresistable Draw for Business World
China's commercial capital of Shanghai has always been all about business. Nowhere is that more evident than at its World Expo
China Manufacturing Accelerated in April on Domestic Demand
A survey says China's manufacturing accelerated in April as domestic demand increased.
World Stocks Rise on Greek Bailout Hopes
European stocks traded in a narrow range Friday as investors warily awaited the completion of a Greek support package and looked ahead of U.S. economic ...
Japan Factory Output Rises But More Unemployed
Japan received an uneven assessment of its economic health Friday with indicators showing an increase in joblessness and ominously falling prices.
Toyota Creates Design Quality Division
Toyota, its reputation battered by global recalls, is setting up a new division devoted to feeding customer concerns into the design process
Samsung Profits Soar on Big Chip Sales Jump
Samsung Electronics said Friday that net profit surged in the first quarter amid strong demand and higher prices for computer memory chips.
iPhones Will Never Support Flash Says Jobs
For iPhone users who've been wondering whether their devices will support Flash technology for Web video and games anytime soon
Korea Targets Nuclear Reactors As Key Export Industry
S. Korea plans to boost nuclear reactors as the next major export industry after cars, chips and ships, reported Chosun Ilbo.
Credit-Rating Agencies Blamed for EU Debt Crisis
The rating agencies that sort good investments from junk are once again injecting fear into financial markets. Only this time it's for warning investors
IBM Sees Tech Spending Rebound, Profits Rise
IBM Corp. said Monday its first-quarter profit jumped 13 percent, and the company offered evidence that corporate technology spending is rebounding
Extended Volcano Eruptions Could Jeopardize Recovery
Even as Europe's dormant airports sputter back to life, prudent travelers and businessmen should ask: What if Iceland's volcano erupts again?
IMF Cuts Estimate of Losses from Financial Crisis
The world's banks could be spared billions in losses thanks to a global economy that is recovering from the financial meltdown more quickly
Bond Film Stopped on Uncertainty Over MGM's Fate
Producers say work on the next James Bond film has been halted indefinitely because of uncertainty about the future of distributor Metro-Goldwyn-Mayer Inc.
Stocks Rise in Asia, Europe on U.S. Rebound
Most global markets rebounded modestly Tuesday, following Wall Street higher as financial stocks recovered from a sell-off prompted
Online Firms Fear Impact of Global Copyright Pact
Companies across the technology industry — from Internet access providers to social networking sites to video-sharing services — are bracing
IMAX Signs Expanded 3-D Theater Deal in Japan
Megascreen theater company IMAX Corp. said Tuesday it will expand in Japan — the latest in a series of international deals inked recently amid growing ...
Toyota to Fix Stability Software on 34,000 Lexus GX460s
Toyota will offer the same fix for stability control programming it has announced for the Lexus GX 460 in North America to vehicles in other ...
SEC's Goldman Probe Could Widen to Other Banks
Goldman Sachs stepped up its defense against civil fraud charges Monday, telling clients it did not withhold information in a complex transaction
GM to Repay Bailout Loan Before June
General Motors Co. will fully repay the $6.7 billion loan portion of its U.S. government aid earlier than its previously promised payback date of June
Yahoo Earnings Triple on Advertising Growth
Yahoo's first-quarter earnings nearly tripled as the Internet company's revenue edged up for the first time in more than a year.
Airlines Seek EU Compensation for $1 Bil. in Volcano Losses
As airline losses from the volcanic ash cloud spiraled over $1 billion on Monday, the industry demanded EU compensation and criticized European
Citigroup Reports $4.4 Bil. Earnings on Trading
Citigroup Inc. provided more evidence Monday that the nation's big banks may have turned a corner. The bank reported a surprise first-quarter profit
HP to Buy Struggling Palm for $1.2 Bil.
Palm Inc. a pioneer in the smart phone business that couldn't quite make the comeback it needed, has agreed to be bought out by Hewlett-Packard
Earnings Show Corporate America Out of Recession
Corporate America is back. Companies that do everything from making appliances to selling cruises are reporting strong first-quarter profits — not because of the layoffs ...
Euro Hits 1-Year Low on Spain Debt Downgrade
The dollar surged broadly Wednesday with the euro sinking to a 1-year low as the debt crisis in Europe intensified.
Comcast Profits Rise on Subscriptions, Ad Rebound
Consumers signing up for digital cable TV and high-speed Internet services led to a 12 percent increase in first-quarter profit for Comcast Corp.
Sprint Nextel Subscriber Loss Slows on Cheap Plans
Sprint Nextel Corp. continued to stem the long-running trend of subscriber flight in the first quarter but did so by offering cheaper service
Germany Says Greek Aid Likely By May 7
Germany could have its contribution to a financial aid package for Greece approved by the end of next week if Athens successfully finalizes
Honda Returns to Profitability on China, India Demand
Honda posted a 72 billion yen ($774 million) profit for the January-March quarter in a reversal from red ink a year earlier as booming demand
Exxon Mobil Profits Jump 38% on Oil Rise
Exxon Mobil Corp. said Thursday its quarterly profit jumped 38 percent as oil prices rose in the first three months of the year.
Sands Opens $5.7-Bil. Singapore Casino Resort
Singapore's second casino-resort opened Tuesday, a massive $5.7 billion project by Las Vegas Sands Corp. that aims to makeover the city-state
World Markets Slide on China Fears, Greek Glitch
Greek shares led the global stock market retreat Tuesday amid mounting concerns about the country's ability to tap a bailout facility
S. Korea GDP Growing at Annualized 7.5% Rate
South Korea's economic growth accelerated sharply in the first quarter of 2010 amid a rebound in manufacturing, exports and spending.
Gasoline Prices Set to Rise As Recession Fades
After a weeklong break, gasoline prices are ready to climb higher again. Surging wholesale gasoline prices should push pump prices to an 18-month high
Wal-Mart to Face Massive Class Action Suit
A sharply divided federal appeals court on Monday exposed Wal-Mart Stores Inc. to billions of dollars in legal damages when it ruled a massive class
Hertz to Buy Dollar Thrifty for $1.2 Bil.
Hertz Global Holdings Inc. said Monday it has agreed to buy rival Dollar Thrifty Automotive Group for about $1.17 billion in cash
U.S. Newspaper Circulations Fall 8.7%
Circulation continues to drop severely at U.S. newspapers, though the rate of decline slowed from the previous six-month reporting period.
Germany Nixes Bailout Until Greece Inks Austerity Measures
German Finance Minister Wolfgang Schaeuble says parliament won't address Greece's aid request until Athens finishes talks with the European Union
Caterpillar Returns to Profit, Signals Strong Outlook
Heavy equipment maker Caterpillar signaled the economy is improving Monday with healthy outlook for the year and a sharp rebound from last
Asian Stocks Drop as China Raises Bank Reserve
Asian stocks fell Monday after China ordered banks to raise their reserves, the latest in a series of moves aimed at curbing inflation
Time Warner Asked to Stop Claiming Fiber Optics
An advertising watchdog on Tuesday asked Time Warner Cable Inc. and Cox Communications Inc. to drop claims that they run fiber-optics networks.
Apple's Developer Policy Draws Antitrust Scrutiny
Federal regulators plan to examine whether Apple Inc. is violating antitrust rules by requiring software developers to use Apple programming
ADM Profits Surge on Biofuel Demand
Archer Daniels Midland Co. reported that its third-quarter profit soared to more to $421 million from just $3 million in the same period last year
Oil Slips on Rising Dollar, Inventories
Oil prices slumped to below $85 a barrel Tuesday as the dollar strengthened and traders anticipated another increase in U.S. crude supplies
GM Celebrate's Suburban's 75th Birthday
The Chevrolet Suburban, the roomy choice of hunters, law enforcement agencies and soccer moms, celebrated its 75th anniversary Monday
GM's 6.4% April Sales Growth Less Than Expected
General Motors Co.'s sales rose 6.4 percent in April as the auto industry continued to see signs of recovery, although the pace slowed from incentive-fueled ...
Consumer Spending Growth Financed from Savings
Consumer spending rose in March by the largest amount in five months but the gains were financed out of savings, which fell to the lowest ...
Avis Offers to Top Hertz Bid for Dollar Thrifty
Avis says rival rental car company Dollar Thrifty is selling itself too cheaply to Hertz, and promised to top the buyout offer announced last week.
United, Continental Merge into World's Biggest Airline
United and Continental Airlines said Monday they have agreed to form the world's largest airline in a deal worth about $3 billion.
Treasury to Begin Selling Off Citigroup Shares
The Treasury Department said Monday that its first sales of Citigroup stock will cover up to 1.5 billion shares.
Shanghai Expo Irresistable Draw for Business World
China's commercial capital of Shanghai has always been all about business. Nowhere is that more evident than at its World Expo
China Manufacturing Accelerated in April on Domestic Demand
A survey says China's manufacturing accelerated in April as domestic demand increased.
World Stocks Rise on Greek Bailout Hopes
European stocks traded in a narrow range Friday as investors warily awaited the completion of a Greek support package and looked ahead of U.S. economic ...
Japan Factory Output Rises But More Unemployed
Japan received an uneven assessment of its economic health Friday with indicators showing an increase in joblessness and ominously falling prices.
Toyota Creates Design Quality Division
Toyota, its reputation battered by global recalls, is setting up a new division devoted to feeding customer concerns into the design process
Samsung Profits Soar on Big Chip Sales Jump
Samsung Electronics said Friday that net profit surged in the first quarter amid strong demand and higher prices for computer memory chips.
iPhones Will Never Support Flash Says Jobs
For iPhone users who've been wondering whether their devices will support Flash technology for Web video and games anytime soon
Korea Targets Nuclear Reactors As Key Export Industry
S. Korea plans to boost nuclear reactors as the next major export industry after cars, chips and ships, reported Chosun Ilbo.
Credit-Rating Agencies Blamed for EU Debt Crisis
The rating agencies that sort good investments from junk are once again injecting fear into financial markets. Only this time it's for warning investors
IBM Sees Tech Spending Rebound, Profits Rise
IBM Corp. said Monday its first-quarter profit jumped 13 percent, and the company offered evidence that corporate technology spending is rebounding
Extended Volcano Eruptions Could Jeopardize Recovery
Even as Europe's dormant airports sputter back to life, prudent travelers and businessmen should ask: What if Iceland's volcano erupts again?
IMF Cuts Estimate of Losses from Financial Crisis
The world's banks could be spared billions in losses thanks to a global economy that is recovering from the financial meltdown more quickly
Bond Film Stopped on Uncertainty Over MGM's Fate
Producers say work on the next James Bond film has been halted indefinitely because of uncertainty about the future of distributor Metro-Goldwyn-Mayer Inc.
Stocks Rise in Asia, Europe on U.S. Rebound
Most global markets rebounded modestly Tuesday, following Wall Street higher as financial stocks recovered from a sell-off prompted
Online Firms Fear Impact of Global Copyright Pact
Companies across the technology industry — from Internet access providers to social networking sites to video-sharing services — are bracing
IMAX Signs Expanded 3-D Theater Deal in Japan
Megascreen theater company IMAX Corp. said Tuesday it will expand in Japan — the latest in a series of international deals inked recently amid growing ...
Toyota to Fix Stability Software on 34,000 Lexus GX460s
Toyota will offer the same fix for stability control programming it has announced for the Lexus GX 460 in North America to vehicles in other ...
SEC's Goldman Probe Could Widen to Other Banks
Goldman Sachs stepped up its defense against civil fraud charges Monday, telling clients it did not withhold information in a complex transaction
GM to Repay Bailout Loan Before June
General Motors Co. will fully repay the $6.7 billion loan portion of its U.S. government aid earlier than its previously promised payback date of June
Yahoo Earnings Triple on Advertising Growth
Yahoo's first-quarter earnings nearly tripled as the Internet company's revenue edged up for the first time in more than a year.
Airlines Seek EU Compensation for $1 Bil. in Volcano Losses
As airline losses from the volcanic ash cloud spiraled over $1 billion on Monday, the industry demanded EU compensation and criticized European
Citigroup Reports $4.4 Bil. Earnings on Trading
Citigroup Inc. provided more evidence Monday that the nation's big banks may have turned a corner. The bank reported a surprise first-quarter profit
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