Dow Closes Above 10,000 for First Time in Year
The Dow Jones industrial average is back above 10,000 for the first time in a year. The Dow crossed five figures Wednesday seven months after ...
Business
PC Shipments Rise in Q3, Bodes Well for Holidays
Worldwide shipments of personal computers edged back up in the third quarter, according to researchers, a promising sign for the industry as it heads into ...
Non-Auto Retail Sales Better Than Expected in Sept.
Retail sales declined in September by the largest amount this year as car sales plummeted following the end of the government's popular Cash for Clunkers ...
China Export Slump Eases, Lending Surges
China's export slump eased in September as global demand showed signs of recovery and banks stepped up lending to help fuel a turnaround in the ...
Dollar Hits 14-Month Low Against Euro
The dollar slid to a 14-month low against the euro Wednesday as investor appetite for risk increased following upbeat comments from Intel Corp.
Intel Boosts Wall Street Despite Profits Drop
Intel Corp. has been asserting for months that the personal computer business is rebounding from its deepest slump in nearly a decade. Its stock jumped ...
New Jobless Claims Lowest Since January
The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs ease a bit ...
Bloomberg to Buy BusinessWeek for Pittance
Bloomberg LP is buying BusinessWeek magazine in a deal that brings together a financial news service specializing in rapid-fire updates with a print publication struggling ...
China Widens Auto Sales Lead with 78% September Jump
China has widened its lead over the U.S. as the world's top auto market, with September sales vaulting 78 percent, spurred by tax cuts and ...
2 IPOs to Test U.S. Appetite for China Stocks
Two Chinese IPOs expected to start trading this week are going to be a gauge for Americans' taste for Beijing's offerings, some of which have ...
India Auto Sales Jump 17.1% in September
India's auto sales rose 17.1 percent in September from a year earlier to 212,975 vehicles, as holiday buying, easier credit and rising consumer confidence fueled ...
Natural Gas Shale May Be Next Big Boom or Bubble
The promise of enough natural gas to last the United States more than 100 years based on discoveries of vast shale formations could be the ...
Comcast Deal Lets GE Unwind Stake in NBC Universal
A proposed deal to acquire media giant NBC Universal would give current owner General Electric Co. the ability to unwind its stake over several years, ...
Asian Stocks Rise on Solid Growth Data
Most Asian stock markets advanced Tuesday, with Japanese and Hong Kong benchmarks gaining 1 percent or more, amid signs of economic improvement in Asia and ...
Consumer Spending Now Driven by Amazing Bargains
There has never been a better time to be a consumer. America is on sale. The Great Recession has caused massive job losses and hardship ...
Las Vegas CityCenter Slashes Condo Prices
Developers of the $8.5 billion CityCenter on the Las Vegas Strip plan a 30 percent price cut on condos there that people have already agreed ...
Toyota Recall Addresses Potential Floor-Mat Problem
Toyota Motor Corp. officially recalled 3.8 million vehicles in the United States on Monday to address problems with floor mats that could cause the gas ...
Recession Offers Rare Investment Opportunities
The Great Recession has turned into the best of times for young investor Daniel Lee. Early this year, the 30-year-old salesman in Scottsdale, Ariz., shelved ...
New Apps Turn Cell Phones into Localized Guides
You're walking down the street, looking for a good place to eat. You hold up your cell phone and use it like the viewfinder on ...
Coach Sues Target for Alleged Copies of Handbags
Coach Inc. is suing low-price retailer Target Corp. over bags the luxury handbag maker says too closely resemble its own designs. Coach wants Target to ...
Olympics Urged to Plug into YouTube Generation
The Olympic movement needs to learn from the likes of YouTube or risk losing young viewers for life, IOC members were told Monday. Communications guru ...
Vonage Apps Allow Free Foreign Calls for iPhone, BB
Vonage Holdings Corp., a pioneer in Internet-based home phone service, is launching applications for the iPhone and BlackBerry that undercut the international calling rates of ...
Mazda to Raise $1.1 Bil. for R&D
Japanese automaker Mazda now expects about half the red ink it previously forecast for the fiscal year, crediting a rise in demand from "green" car ...
FTC Regulates Online Reviews, Blogs, Testimonials
The Federal Trade Commission on Monday took steps to make product information and online reviews more accurate for consumers, regulating blogging for the first time ...
China Tycoon Floats $8 Bil.-Plan for U.S. Green Cars
Yang Rong was once celebrated as a pioneering automobile entrepreneur who founded the first Chinese company to be listed on Wall Street. Then, seven years ...
Manhattan Apartment Sales Soared in Q3
Blink. What housing downturn? Sales of apartments and co-op units in Manhattan soared between 46 and 69 percent from the second to the third quarter, ...
Japan Consumer Spending Rose 2.6% in August
Japan's jobless rate fell and household spending climbed in August — a double dose of good news for the world's No. 2 economy though it ...
Toyota Warns Against Wrong-Size Floor Mats
Toyota's president said it was "extremely regrettable" an American family died in a crash in which a floor mat in one of the Japanese automaker's ...
IBM Undercuts Google with Corporate Email Service
IBM Corp. is trying to stymie Google Inc.'s expansion into the business software market. The weapon: a bare-bones e-mail service that IBM is selling to ...
Comcast Mulls Controlling Stake in NBC Universal
Comcast Corp. might spend billions for a stake in NBC Universal, a deal that would transform the nation's largest cable TV provider into one of ...
Consumer Spending Jumped in August
Consumer spending, propelled by the wildly popular Cash for Clunkers auto sales program, shot up in August by the largest amount in nearly eight years ...
New Jobless Claims Show Surprising Rise
First-time claims for jobless benefits increased more than expected last week, a sign employers are reluctant to hire and the job market remains weak. And ...
Burger King Upgrades to Hip New Look
Burger King Corp. plans to swap its generic fast-food feel and bland tiles and tabletops for a vibe that's more sit-down than drive-through. As part ...
GM Names New Sales Chief As U.S. Market Share Erodes
Less than a week after reporting a sharp drop in September sales, GM said its U.S. sales chief is leaving as the automaker struggles to ...
Marriott Posts Q3 Loss on Timeshare Slump
Marriott International says it lost $466 million in its third quarter on hefty impairment charges, mostly related to its timeshare business. The hotel operator lost ...
Nissan Land Glider Electric As Agile As a Motorcycle
Nissan's Land Glider electric vehicle tilts from side to side, sashaying into curves by up to a 17-degree angle, as though showing off in a ...
Worldwide Prescription Drug Sales Growth Slows
Growth of prescription drug revenue worldwide will likely dip to between 4 percent and 6 percent next year — the lowest rate in at least ...
Dell to Make Android Phones for AT&T
Dell Inc. is working on a "smart" phone for AT&T that runs Google Inc.'s Android phone operating system, according to a newspaper report Wednesday. The ...
Consumer Stinginess Shows Up in Corporate Profits
People aren't just shopping more at Family Dollar. They're buying the cheapest stuff on its racks. Even Pizza Hut's sales are slowing as consumers seek ...
Ciena to Buy Nortel Assets for $521 Mil.
Ciena Corp. says it has agreed to by the optical networking and carrier Ethernet assets of Nortel Networks' Metro Ethernet Networks business for roughly $521 ...
Costco Beats Street Despite Profit Slip
Costco Wholesale Corp. said Wednesday that its fiscal fourth-quarter profit fell 6 percent, partly on the stronger dollar and increased employee benefit costs, but results ...
JPMorgan Earned $3.6 Bil. Despite High Loan Losses
JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset rising loan losses that the bank warned ...
Gold Hits New Record High on Falling Dollar
Gold prices surged to a new high Tuesday as investors sought a safe harbor from a falling dollar and inflation. Gold for December delivery rose ...
Next Boom Likely to Be Powered by Cleantech
Our economy sure could use the Next Big Thing. Something on the scale of railroads, automobiles or the Internet — the kind of breakthrough that ...
Stocks Rise, Dollar Sinks on Aussie Interest-Rate Hike
The dollar tumbled Tuesday, hitting a 14-month low against the Australian currency and circling year lows against the euro, after an interest rate increase from ...
Samsung to Report Record Profits for Q3
Samsung Electronics Co. said Tuesday that profit likely surged in the third quarter on higher sales, amid a brightening outlook for the world's largest manufacturer ...
Bailed Out Dairy Industry Must Restructure: Ag Sect'y
The struggling U.S. dairy industry must be restructured to avoid cycles of boom and bust, Agriculture Secretary Tom Vilsack said Monday, less than a week ...
3-D TVs Shown at Japan Electronics Show
Japan's big name electronic manufacturers are readying flat-screen TVs that can show high-definition movies and video games in 3D for launch next year. At the ...
Toyota Previews All-Electric, Green Sports Car
Besides showing off its well-known hybrids, Toyota will take a slightly different tack at the upcoming Tokyo Motor Show to display a green sportscar with ...
Chain Restaurants Compete to Lure Elusive Diners
Fortunes at chain restaurants are tumbling, the fallout from a strategy of slashing menu prices in the hopes that a cheap meal will be enough ...
Dow Closes Above 10,000 for First Time in Year
The Dow Jones industrial average is back above 10,000 for the first time in a year. The Dow crossed five figures Wednesday seven months after ...
PC Shipments Rise in Q3, Bodes Well for Holidays
Worldwide shipments of personal computers edged back up in the third quarter, according to researchers, a promising sign for the industry as it heads into ...
Non-Auto Retail Sales Better Than Expected in Sept.
Retail sales declined in September by the largest amount this year as car sales plummeted following the end of the government's popular Cash for Clunkers ...
China Export Slump Eases, Lending Surges
China's export slump eased in September as global demand showed signs of recovery and banks stepped up lending to help fuel a turnaround in the ...
Dollar Hits 14-Month Low Against Euro
The dollar slid to a 14-month low against the euro Wednesday as investor appetite for risk increased following upbeat comments from Intel Corp.
Intel Boosts Wall Street Despite Profits Drop
Intel Corp. has been asserting for months that the personal computer business is rebounding from its deepest slump in nearly a decade. Its stock jumped ...
New Jobless Claims Lowest Since January
The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs ease a bit ...
Bloomberg to Buy BusinessWeek for Pittance
Bloomberg LP is buying BusinessWeek magazine in a deal that brings together a financial news service specializing in rapid-fire updates with a print publication struggling ...
China Widens Auto Sales Lead with 78% September Jump
China has widened its lead over the U.S. as the world's top auto market, with September sales vaulting 78 percent, spurred by tax cuts and ...
2 IPOs to Test U.S. Appetite for China Stocks
Two Chinese IPOs expected to start trading this week are going to be a gauge for Americans' taste for Beijing's offerings, some of which have ...
India Auto Sales Jump 17.1% in September
India's auto sales rose 17.1 percent in September from a year earlier to 212,975 vehicles, as holiday buying, easier credit and rising consumer confidence fueled ...
Natural Gas Shale May Be Next Big Boom or Bubble
The promise of enough natural gas to last the United States more than 100 years based on discoveries of vast shale formations could be the ...
Comcast Deal Lets GE Unwind Stake in NBC Universal
A proposed deal to acquire media giant NBC Universal would give current owner General Electric Co. the ability to unwind its stake over several years, ...
Asian Stocks Rise on Solid Growth Data
Most Asian stock markets advanced Tuesday, with Japanese and Hong Kong benchmarks gaining 1 percent or more, amid signs of economic improvement in Asia and ...
Consumer Spending Now Driven by Amazing Bargains
There has never been a better time to be a consumer. America is on sale. The Great Recession has caused massive job losses and hardship ...
Las Vegas CityCenter Slashes Condo Prices
Developers of the $8.5 billion CityCenter on the Las Vegas Strip plan a 30 percent price cut on condos there that people have already agreed ...
Toyota Recall Addresses Potential Floor-Mat Problem
Toyota Motor Corp. officially recalled 3.8 million vehicles in the United States on Monday to address problems with floor mats that could cause the gas ...
Recession Offers Rare Investment Opportunities
The Great Recession has turned into the best of times for young investor Daniel Lee. Early this year, the 30-year-old salesman in Scottsdale, Ariz., shelved ...
New Apps Turn Cell Phones into Localized Guides
You're walking down the street, looking for a good place to eat. You hold up your cell phone and use it like the viewfinder on ...
Coach Sues Target for Alleged Copies of Handbags
Coach Inc. is suing low-price retailer Target Corp. over bags the luxury handbag maker says too closely resemble its own designs. Coach wants Target to ...
Olympics Urged to Plug into YouTube Generation
The Olympic movement needs to learn from the likes of YouTube or risk losing young viewers for life, IOC members were told Monday. Communications guru ...
Vonage Apps Allow Free Foreign Calls for iPhone, BB
Vonage Holdings Corp., a pioneer in Internet-based home phone service, is launching applications for the iPhone and BlackBerry that undercut the international calling rates of ...
Mazda to Raise $1.1 Bil. for R&D
Japanese automaker Mazda now expects about half the red ink it previously forecast for the fiscal year, crediting a rise in demand from "green" car ...
FTC Regulates Online Reviews, Blogs, Testimonials
The Federal Trade Commission on Monday took steps to make product information and online reviews more accurate for consumers, regulating blogging for the first time ...
China Tycoon Floats $8 Bil.-Plan for U.S. Green Cars
Yang Rong was once celebrated as a pioneering automobile entrepreneur who founded the first Chinese company to be listed on Wall Street. Then, seven years ...
Manhattan Apartment Sales Soared in Q3
Blink. What housing downturn? Sales of apartments and co-op units in Manhattan soared between 46 and 69 percent from the second to the third quarter, ...
Japan Consumer Spending Rose 2.6% in August
Japan's jobless rate fell and household spending climbed in August — a double dose of good news for the world's No. 2 economy though it ...
Toyota Warns Against Wrong-Size Floor Mats
Toyota's president said it was "extremely regrettable" an American family died in a crash in which a floor mat in one of the Japanese automaker's ...
IBM Undercuts Google with Corporate Email Service
IBM Corp. is trying to stymie Google Inc.'s expansion into the business software market. The weapon: a bare-bones e-mail service that IBM is selling to ...
Comcast Mulls Controlling Stake in NBC Universal
Comcast Corp. might spend billions for a stake in NBC Universal, a deal that would transform the nation's largest cable TV provider into one of ...
Consumer Spending Jumped in August
Consumer spending, propelled by the wildly popular Cash for Clunkers auto sales program, shot up in August by the largest amount in nearly eight years ...
New Jobless Claims Show Surprising Rise
First-time claims for jobless benefits increased more than expected last week, a sign employers are reluctant to hire and the job market remains weak. And ...
Burger King Upgrades to Hip New Look
Burger King Corp. plans to swap its generic fast-food feel and bland tiles and tabletops for a vibe that's more sit-down than drive-through. As part ...
GM Names New Sales Chief As U.S. Market Share Erodes
Less than a week after reporting a sharp drop in September sales, GM said its U.S. sales chief is leaving as the automaker struggles to ...
Marriott Posts Q3 Loss on Timeshare Slump
Marriott International says it lost $466 million in its third quarter on hefty impairment charges, mostly related to its timeshare business. The hotel operator lost ...
Nissan Land Glider Electric As Agile As a Motorcycle
Nissan's Land Glider electric vehicle tilts from side to side, sashaying into curves by up to a 17-degree angle, as though showing off in a ...
Worldwide Prescription Drug Sales Growth Slows
Growth of prescription drug revenue worldwide will likely dip to between 4 percent and 6 percent next year — the lowest rate in at least ...
Dell to Make Android Phones for AT&T
Dell Inc. is working on a "smart" phone for AT&T that runs Google Inc.'s Android phone operating system, according to a newspaper report Wednesday. The ...
Consumer Stinginess Shows Up in Corporate Profits
People aren't just shopping more at Family Dollar. They're buying the cheapest stuff on its racks. Even Pizza Hut's sales are slowing as consumers seek ...
Ciena to Buy Nortel Assets for $521 Mil.
Ciena Corp. says it has agreed to by the optical networking and carrier Ethernet assets of Nortel Networks' Metro Ethernet Networks business for roughly $521 ...
Costco Beats Street Despite Profit Slip
Costco Wholesale Corp. said Wednesday that its fiscal fourth-quarter profit fell 6 percent, partly on the stronger dollar and increased employee benefit costs, but results ...
JPMorgan Earned $3.6 Bil. Despite High Loan Losses
JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset rising loan losses that the bank warned ...
Gold Hits New Record High on Falling Dollar
Gold prices surged to a new high Tuesday as investors sought a safe harbor from a falling dollar and inflation. Gold for December delivery rose ...
Next Boom Likely to Be Powered by Cleantech
Our economy sure could use the Next Big Thing. Something on the scale of railroads, automobiles or the Internet — the kind of breakthrough that ...
Stocks Rise, Dollar Sinks on Aussie Interest-Rate Hike
The dollar tumbled Tuesday, hitting a 14-month low against the Australian currency and circling year lows against the euro, after an interest rate increase from ...
Samsung to Report Record Profits for Q3
Samsung Electronics Co. said Tuesday that profit likely surged in the third quarter on higher sales, amid a brightening outlook for the world's largest manufacturer ...
Bailed Out Dairy Industry Must Restructure: Ag Sect'y
The struggling U.S. dairy industry must be restructured to avoid cycles of boom and bust, Agriculture Secretary Tom Vilsack said Monday, less than a week ...
3-D TVs Shown at Japan Electronics Show
Japan's big name electronic manufacturers are readying flat-screen TVs that can show high-definition movies and video games in 3D for launch next year. At the ...
Toyota Previews All-Electric, Green Sports Car
Besides showing off its well-known hybrids, Toyota will take a slightly different tack at the upcoming Tokyo Motor Show to display a green sportscar with ...
Chain Restaurants Compete to Lure Elusive Diners
Fortunes at chain restaurants are tumbling, the fallout from a strategy of slashing menu prices in the hopes that a cheap meal will be enough ...
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