Korea's Trade Surplus Hits Record on Cheap Oil

South Korea’s trade surplus hit a record high for the second straight month in April as imports fell sharply on cheaper costs for oil and ...

Drop in Jobless Claims Fuels Continuing Rally

Investors found more reason to hopeful about the economy.In a welcome surprise for Wall Street on Thursday, the Labor Department said initial claims fell last ...

Chrysler to File for Bankruptcy

Chrysler will file for bankruptcy after talks with a small group of creditors crumbled just a day before a government deadline for the automaker to ...

World Markets Rally on Fed's Assessment

World stock markets rose sharply Thursday even though the World Health Organization warned that a swine flu pandemic was imminent...

Windows 7 Release Likely in Fall 2009

Microsoft Corp. has released a near-final version of the Windows 7 operating system that adds a few new features, including a way to run Windows ...

Fiat to Sign onto Partnership with Chrysler

Italian automaker Fiat Group SpA will sign paperwork to become a partner with Chrysler LLC by Thursday, according to three people briefed on the deal.

General Dynamics Profits Rise 3% on Arms Sales

General Dynamics Corp.‘s first-quarter earnings rose 3 percent, beating Wall Street expectations, as sales of warships and other military equipment made up for lower profits ...

Time Warner Posts Better Than Expected Q1 Profits

Time Warner Inc. said Wednesday that its first-quarter profit fell 14 percent as AOL and publishing results continued to crumble under the weight of deteriorating ...

Jump in Consumer Confidence Boosts Wall Street

Investors set aside some of their worries about the economy Tuesday after a closely watched measure of consumer confidence soared in April. Stocks fluctuated in ...

Bank of America, Citigroup May Need to Raise More Capital

Bank of America Corp. and Citigroup Inc., which have each received $45 billion in government bailout funds, have been told by regulators that “stress test” ...

Honda Posts Fiscal Year Profits Despite Big Q4 Loss

Honda Motor Co. said Tuesday it overcame a large quarterly loss to book a fiscal year profit that was well above forecasts, and vowed to ...

Mitsui Sumitomo to Buy Nikko Cordial from Citigroup

Major Japanese bank Sumitomo Mitsui Financial Group Inc. has reached a basic agreement to buy a Japan-based brokerage unit from Citigroup Inc. for some 500 ...

Home Sales Data Fuel Wall Street Optimism

Wall Street is extending its rally as reports on housing and construction show improvement for March Stocks are jumping Monday following a National Association of ...

Wall Street Surges on Encouraging Housing, Banking Data

Bank of America Told It Needs $34 Bil. More

Bank of America Corp. stock rose in premarket trading after an initial decline, amid reports that it needs $34 billion in new capital.

Disney Profits Cut in Half by Weak Flicks, Parks Slump

The Walt Disney Co. said Tuesday its second-quarter net income fell 46 percent, dragged down by an underperforming movie slate and the impact of the ...

Tata Sells 203,000 Ultra-Cheap Nanos

S&P Turns Positive for the Year on Housing Data

The Standard & Poor’s 500 index is up for the year. And for once, it was the housing market that sent stocks soaring. The S&P ...

Taiwanese Tycoon Questions Buffet Bet on Batterymaker

A Taiwanese business tycoon has criticized U.S. investor Warren Buffett’s decision to invest in a Chinese battery and car maker facing a lawsuit accusing it ...

Cablevision Unveils Fastest Internet Access

Cablevision Systems Corp. is set to unveil Tuesday the fastest Internet speeds available from any cable or phone company. Starting May 11, the Bethpage, N.Y.-based ...

Estée Laurder Profits Plunge but Beat Views

Cosmetics company Estee Lauder on Monday said its fiscal third-quarter profit slid 70 percent due to restructuring charges and declining sales, but results managed to ...

Buffet Sees End to Recession

Billionaire Warren Buffett says the latest recession really shook up Americans’ confidence but he sees the economic slide ending.

Europe Projects 4% GDP Shirnkage in 2009

Europe is suffering “a deep and widespread recession,” the EU said Monday, estimating that unemployment will rise sharply over the next two years and that ...

Chna Projects 7% Growth for Q2

Robust investment backed by stimulus spending will likely help China’s economy to expand 7 percent in the second quarter, showing the economy may be rebounding ...

Fiat May Become Global Powerhouse with Chrysler, GM Europe

Fiat Group SpA confirmed Sunday that it is in talks to buy most of General Motors Corp.‘s European operations, taking another step toward creating a ...

Chrysler to Close 5 Plants, Sell All Assets to Fiat

Attorneys for Chrysler LLC said the company will file a motion by Saturday morning to sell substantially all of its assets to Italian automaker Fiat ...

AT&T Earnings Beat Expectations on iPhone, Cost-Cutting

UPS Profits Down 55%, Cut 10,000 Jobs

Marriott Beats Expectations with $23 Mil. Loss

China Minmetals Gets OK to Buy Australia's Oz

Ebay Wins Approval to Buy Korea's Gmarket

GM to Close Most U.S. Plants for 9 Weeks This Summer

General Motors Corp. is planning to temporarily close most of its U.S. factories for up to nine weeks this summer because of slumping sales and ...

Boeing Profits Fall by Half on Delays, High Production Costs

Jobless, Housing Data Shows Downturn Slowing

Well Fargo Posts Record Earnings in Line with Forecast

Asia to Recover in 2009 on Exports, Stimulus

Richard Li Bid for PCCW Blocked by Appeals Court

Chrysler Creditors Offer to Trade $2.5 Bil. for Equity

New York Times Losses Grow As Ad Sales Plummet

U.S. Bancorp Beats Estimates Despite Big Charges, Provisions

Japan Air Mulls Government Aid As Travel Slumps

Toyota Domestic Production Lowest in 31 Years

Kirin to Buy Australia's Lion Nathan for $4.7 Bil.

Lion Nathan Ltd., the Australian brewer of Tooheys and Hahn beers, said Monday its biggest shareholder, Japan’s Kirin Holdings Co., has agreed to buy the ...