Employment Data Boost Wall Street
Stock futures are extending their gains as the government says fewer jobs were lost in April than expected.
Business
Toyota Reports Record Losses
Toyota Motor Corp. lost 765.8 billion yen ($7.7 billion) in the January-March quarter — a bigger loss than General Motors reported — resulting in its ...
Top Japanese Chipmaker Toshiba Posts Record Loss
Japan’s top chipmaker Toshiba Corp. tumbled to a record annual loss amid sinking global demand that has forced it to cut thousands of jobs.
Wall Street Ends Week Surgin on Jobs, Banks
As far as Wall Street is concerned there is no bad news anymore. At least for now, traders are seeing news about longtime trouble spots ...
China Pledges Another Big Buying Spree in Europe
China promised Thursday to send its companies on new multibillion dollar spending sprees in Europe as it called on the bloc, its largest export market, ...
Bank of America Shares Surge Ahead of Stress Test Results
Shares of Bank of America Corp. continued their rapid climb Thursday, hours ahead of the expected announcement of bank stress test results and following a ...
China's Geely Bids for GM's SAAB
Chinese automaker Geely Automobile Holdings said Thursday it is bidding for General Motors Corp.‘s Saab brand, a move that would boost the company’s ability to ...
Oil Hits 6-Month High on Surging Optimism
Oil prices jumped to almost $58 a barrel Thursday, extending gains to near six-month highs on investor expectations that global economic growth may begin to ...
World Stocks Continue Climbing on U.S. Jobless Data
European markets extended their rally Thursday following key interest rate decisions and ahead of the formal release of the results for the U.S. government’s stress ...
Stress Test Results Lift Cloud of Uncertainty
Government exams of the nation’s biggest banks have helped lift a cloud of uncertainty that has hung over the economy.
Validity of Bank Stress Test Questioned
Some of the nation’s largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing ...
Bank Stress Test Results Ease Worries, Boost Wall Street
Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies.
Korean Air Losses Jump on Weak Won
Korean Air Lines Co. said Thursday its first quarter net loss widened as weakness in the South Korean won drove up costs denominated in dollars.
Hitachi Reports Worst Manufacturing Loss on Record
Japanese electronics maker Hitachi Ltd. said Thursday its loss for the fiscal year ended March will be bigger than its previous forecast, ballooning to 788 ...
Oil Stays Above $54 on Recovery Hopes
Oil prices lingered above $54 a barrel Tuesday as growing investor optimism about a recovery in the global economy supported prices above a month-long trading ...
Market Buoyant Despite Pending Bank Stress-Test Results
Banks will be told today how they did on their “stress tests” and informed of regulators’ final decisions on how much capital they need to ...
Biotech Profitable at Last but Squeezed by Recession
The U.S. biotech industry became profitable as a whole for the first time in 2008, a new report says, but the global financial crisis has ...
Asia Agrees on Need to Cut Exports, Boost Consumption
Cutting Asia’s reliance on exports for growth has taken on new urgency as the global economic crisis sends trade into a tailspin. But many economies ...
IMF Projects 4.3% Growth for Asia in 2010 Recovery
Most Asian economies face a sharp contraction this year and a weak recovery in 2010 as global demand for the region’s exports struggles to rebound, ...
GM Plans 1-for-100 Reverse Stock Split
General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 ...
GM's China Sales Surge 50% to Monthly Record
General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for ...
IT Giants May Be Hit Hard by Obama's Overseas Profits Tax
President Barack Obama’s plan to impose U.S. taxes on corporate America’s overseas profits threatens to open a big crater in the financial statements of technology ...
Sanyo Reports Loss but Expects Profits This Year
Sanyo Electric Co. sank to an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small ...
Ikea to Probe Counterfeit Store in China
A furniture store in southwestern China's Kunming is such an accurate copy of an actual Ikea store that the Swedish furniture giant is considering legal ...
S. Korea to Fine Apple Over Tracking Feature
The Korean unit of consumer electronics giant Apple will be fined over an iPhone feature that can track the location of users.
Toyota Plans Record Production in 2012
Toyota plans to produce a record 8.8 million vehicles in fiscal 2012 with new capacity in China, India, Brazil and the U.S.
Monica Woo Tapped to Head Up Sears Marketing
On August 15 Monica Woo will become the new Chief Marketing Officer for Sears Holdings Corp
Japan's Yen Intervention Sends Dollar Surging
Japan's unilateral steps to weaken the yen Thursday sent the dollar surging to near 80 yen.
Only 61.6% of Japan's New Grads Have Jobs
Nearly two of every five Japanese university students who graduated this spring have been unable to find full-time jobs.
Samsung, LG Extend Lead in N. American Mobile Phones
Samsung and LG are increasing their lead in the North American cell phone market.
Nelson Chai Named President of CIT Group
Nelson Chai has been promoted to president of CIT Group from his post as chief administrative officer and strategy chief.
Hyundai-Kia Closes on 15% of U.S. Car Market
The Hyundai-Kia Automotive Group is expecting its share of the U.S. market to pass 15% for the month of August, the company announced Monday.
Asia Stocks Stabilize After Early Plunge
Asia's stock markets stabilized Tuesday after early plunges as U.S. stock futures hinted at a Wall Street recovery.
Lenovo Posts Record $5.9 Bil. Sales in Q2
China's top PC-maker hopes to challenge Apple for a bigger share of the mobile internet market.
Nikkei Hits 5-Month Low on U.S. Fears
On Monday the Nikkei stock index touched its lowest levels since March 15 on fears the U.S. economic recovery may be losing steam.
China Sees Hong Kong Role in Yuan Internationalization
Beijing's plans to use Hong Kong as a conduit for disseminating the yuan as a global exchange currency.
Li Ka-Shing Makes Year's Top British Takeover Offer
Hong Kong's richest man is bidding $3.9 bil. for British utility Northumbrian Water Group.
Yuegang Zhang Boosts Battery Energy-Density
Yuegang Zhang pioneers the use of graphene to fortify fragile but efficient electrode materials.
S. Korea Surprised by Trade Deficit with EU After FTA
S. Korea suffered its first trade deficit with the European Union since 1997 after the bilateral free-trade agreement went into effect.
China Industrial Outlook Robust Despite July Dip
The Purchasing Manager's Index (PMI) suggests industrial production will keep growing at 12-13% rate.
Honda's 2nd Quarter Profits Plunged 90%
Japan's number three carmaker saw profits for the April-June quarter plunge nearly 90 percent.
Hyundai-Kia Passes Ford for Global No. 5 Spot
The Hyundai-Kia Automotive Group posted 1 15.9 percent gain in units sold for the first half of 2011 to move into fifth place.
Brandon Wey Creates Marketplace for First Dates
Brandon Wey offers men a way to get first dates with attractive women.
Exports to China Helps Keep U.S. Economy in Black
U.S. GDP grew at an anemic 1.3 percent pace in the 2nd quarter thanks to a weak housing market and slowing consumer demand.
Vietnam Exports to Jump 38.5% in July
Vietnam will post $8.4 billion in exports in July on the strength of robust exports of food and commodities.
Antony Young Named CEO of Mindshare N.A.
On October 1 Antony Young will become CEO of WPP's Mindshare North America.
Nissan Aims to Double China Sales by 2015
Nissan is investing 610 billion yen ($7.81 billion) in the production and the marketing of 30 new models in China.
Xin Chen Uses Ultrasound on Tumors
Xin Chen is testing the use of MR-guided focused ultrasound to destroy hypoxic cancer cells.
Yi Cui Develops Transparent Batteries
Stanford professor Yi Cui has developed a transparent battery to improve the aesthetics of consumer electronics.
Japan Raises Forecasts As Economy Recovers
Japan revised upward its monthly economic forecasts as production and exports recover from the downturn following the March earthquake.
Employment Data Boost Wall Street
Stock futures are extending their gains as the government says fewer jobs were lost in April than expected.
Toyota Reports Record Losses
Toyota Motor Corp. lost 765.8 billion yen ($7.7 billion) in the January-March quarter — a bigger loss than General Motors reported — resulting in its ...
Top Japanese Chipmaker Toshiba Posts Record Loss
Japan’s top chipmaker Toshiba Corp. tumbled to a record annual loss amid sinking global demand that has forced it to cut thousands of jobs.
Wall Street Ends Week Surgin on Jobs, Banks
As far as Wall Street is concerned there is no bad news anymore. At least for now, traders are seeing news about longtime trouble spots ...
China Pledges Another Big Buying Spree in Europe
China promised Thursday to send its companies on new multibillion dollar spending sprees in Europe as it called on the bloc, its largest export market, ...
Bank of America Shares Surge Ahead of Stress Test Results
Shares of Bank of America Corp. continued their rapid climb Thursday, hours ahead of the expected announcement of bank stress test results and following a ...
China's Geely Bids for GM's SAAB
Chinese automaker Geely Automobile Holdings said Thursday it is bidding for General Motors Corp.‘s Saab brand, a move that would boost the company’s ability to ...
Oil Hits 6-Month High on Surging Optimism
Oil prices jumped to almost $58 a barrel Thursday, extending gains to near six-month highs on investor expectations that global economic growth may begin to ...
World Stocks Continue Climbing on U.S. Jobless Data
European markets extended their rally Thursday following key interest rate decisions and ahead of the formal release of the results for the U.S. government’s stress ...
Stress Test Results Lift Cloud of Uncertainty
Government exams of the nation’s biggest banks have helped lift a cloud of uncertainty that has hung over the economy.
Validity of Bank Stress Test Questioned
Some of the nation’s largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing ...
Bank Stress Test Results Ease Worries, Boost Wall Street
Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies.
Korean Air Losses Jump on Weak Won
Korean Air Lines Co. said Thursday its first quarter net loss widened as weakness in the South Korean won drove up costs denominated in dollars.
Hitachi Reports Worst Manufacturing Loss on Record
Japanese electronics maker Hitachi Ltd. said Thursday its loss for the fiscal year ended March will be bigger than its previous forecast, ballooning to 788 ...
Oil Stays Above $54 on Recovery Hopes
Oil prices lingered above $54 a barrel Tuesday as growing investor optimism about a recovery in the global economy supported prices above a month-long trading ...
Market Buoyant Despite Pending Bank Stress-Test Results
Banks will be told today how they did on their “stress tests” and informed of regulators’ final decisions on how much capital they need to ...
Biotech Profitable at Last but Squeezed by Recession
The U.S. biotech industry became profitable as a whole for the first time in 2008, a new report says, but the global financial crisis has ...
Asia Agrees on Need to Cut Exports, Boost Consumption
Cutting Asia’s reliance on exports for growth has taken on new urgency as the global economic crisis sends trade into a tailspin. But many economies ...
IMF Projects 4.3% Growth for Asia in 2010 Recovery
Most Asian economies face a sharp contraction this year and a weak recovery in 2010 as global demand for the region’s exports struggles to rebound, ...
GM Plans 1-for-100 Reverse Stock Split
General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 ...
GM's China Sales Surge 50% to Monthly Record
General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for ...
IT Giants May Be Hit Hard by Obama's Overseas Profits Tax
President Barack Obama’s plan to impose U.S. taxes on corporate America’s overseas profits threatens to open a big crater in the financial statements of technology ...
Sanyo Reports Loss but Expects Profits This Year
Sanyo Electric Co. sank to an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small ...
Ikea to Probe Counterfeit Store in China
A furniture store in southwestern China's Kunming is such an accurate copy of an actual Ikea store that the Swedish furniture giant is considering legal ...
S. Korea to Fine Apple Over Tracking Feature
The Korean unit of consumer electronics giant Apple will be fined over an iPhone feature that can track the location of users.
Toyota Plans Record Production in 2012
Toyota plans to produce a record 8.8 million vehicles in fiscal 2012 with new capacity in China, India, Brazil and the U.S.
Monica Woo Tapped to Head Up Sears Marketing
On August 15 Monica Woo will become the new Chief Marketing Officer for Sears Holdings Corp
Japan's Yen Intervention Sends Dollar Surging
Japan's unilateral steps to weaken the yen Thursday sent the dollar surging to near 80 yen.
Only 61.6% of Japan's New Grads Have Jobs
Nearly two of every five Japanese university students who graduated this spring have been unable to find full-time jobs.
Samsung, LG Extend Lead in N. American Mobile Phones
Samsung and LG are increasing their lead in the North American cell phone market.
Nelson Chai Named President of CIT Group
Nelson Chai has been promoted to president of CIT Group from his post as chief administrative officer and strategy chief.
Hyundai-Kia Closes on 15% of U.S. Car Market
The Hyundai-Kia Automotive Group is expecting its share of the U.S. market to pass 15% for the month of August, the company announced Monday.
Asia Stocks Stabilize After Early Plunge
Asia's stock markets stabilized Tuesday after early plunges as U.S. stock futures hinted at a Wall Street recovery.
Lenovo Posts Record $5.9 Bil. Sales in Q2
China's top PC-maker hopes to challenge Apple for a bigger share of the mobile internet market.
Nikkei Hits 5-Month Low on U.S. Fears
On Monday the Nikkei stock index touched its lowest levels since March 15 on fears the U.S. economic recovery may be losing steam.
China Sees Hong Kong Role in Yuan Internationalization
Beijing's plans to use Hong Kong as a conduit for disseminating the yuan as a global exchange currency.
Li Ka-Shing Makes Year's Top British Takeover Offer
Hong Kong's richest man is bidding $3.9 bil. for British utility Northumbrian Water Group.
Yuegang Zhang Boosts Battery Energy-Density
Yuegang Zhang pioneers the use of graphene to fortify fragile but efficient electrode materials.
S. Korea Surprised by Trade Deficit with EU After FTA
S. Korea suffered its first trade deficit with the European Union since 1997 after the bilateral free-trade agreement went into effect.
China Industrial Outlook Robust Despite July Dip
The Purchasing Manager's Index (PMI) suggests industrial production will keep growing at 12-13% rate.
Honda's 2nd Quarter Profits Plunged 90%
Japan's number three carmaker saw profits for the April-June quarter plunge nearly 90 percent.
Hyundai-Kia Passes Ford for Global No. 5 Spot
The Hyundai-Kia Automotive Group posted 1 15.9 percent gain in units sold for the first half of 2011 to move into fifth place.
Brandon Wey Creates Marketplace for First Dates
Brandon Wey offers men a way to get first dates with attractive women.
Exports to China Helps Keep U.S. Economy in Black
U.S. GDP grew at an anemic 1.3 percent pace in the 2nd quarter thanks to a weak housing market and slowing consumer demand.
Vietnam Exports to Jump 38.5% in July
Vietnam will post $8.4 billion in exports in July on the strength of robust exports of food and commodities.
Antony Young Named CEO of Mindshare N.A.
On October 1 Antony Young will become CEO of WPP's Mindshare North America.
Nissan Aims to Double China Sales by 2015
Nissan is investing 610 billion yen ($7.81 billion) in the production and the marketing of 30 new models in China.
Xin Chen Uses Ultrasound on Tumors
Xin Chen is testing the use of MR-guided focused ultrasound to destroy hypoxic cancer cells.
Yi Cui Develops Transparent Batteries
Stanford professor Yi Cui has developed a transparent battery to improve the aesthetics of consumer electronics.
Japan Raises Forecasts As Economy Recovers
Japan revised upward its monthly economic forecasts as production and exports recover from the downturn following the March earthquake.
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