China Agricultural Bank IPO Sets World Record $19.2 Bil.
The Agricultural Bank of China's initial public offering has raised more than $19 billion in what could turn out to be the largest IPO ever.
Business
Dow Ends 7-Day Slide with Modest Gain
The Dow Jones industrial average broke a seven-day slide Tuesday after traders sifted through the market for beaten-down stocks.
Service Sector Data Shows Slightly Slower Growth
The service sector grew more slowly in June, an industry trade group said Tuesday, offering the latest sign that the economic recovery
Gas Prices Continue Slide After July 4th Weekend
Drivers are finding lower gas pump prices now that the July 4th weekend is over and prices are likely to keep sliding.
Economic Stress Continues Easing in Most U.S. Counties
Two-thirds of U.S. counties became economically healthier in May, thanks to more manufacturing jobs in the Midwest and fewer home foreclosures
World Markets Rise on Bargain Hunting
World markets rose Tuesday as investors scooped up stocks that had been pummeled last week and anticipated a rally on Wall Street
Toyota Begins Global Lexus Recall for Engine Defect
Toyota started a global recall over engine defects in its Lexus and Crown models, moving to repair more than 95,000 vehicles in Japan and South ...
Ethnic Vegetables Sprout New Sales for U.S. Farmers
Maxixe, a Brazilian relative of the cucumber, is relatively unknown in the U.S., but it may one day be as common as cilantro as farmers ...
First-Class Stamps to Cost $0.46 in 2011
Buy those Forever stamps now. The cost of mailing a letter is going up again. Fighting to survive a deepening financial crisis, the Postal Service
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
German Imports Outsurged Strong Exports in May
German exports rose by a healthy 9.2 percent on the month in May as an improving global economy stoked demand, while imports surged
World Stocks Continue Rise on Korea Rate Hike
World stock markets rose Friday on hopes that global economic growth will prove resilient, with investors viewing a surprise interest rate hike
Bank of Korea Raises Interest on Strong Growth
South Korea's central bank raised its key interest rate Friday from a record low amid prospects for faster growth in the country's economy.
China Renews Google's Web Operating License
Google CEO Eric Schmidt said Thursday he expects Beijing to renew the license the company needs to continue operating a website in China.
Rising Costs Force Big Shift from South Coastal China
Factory workers demanding better wages and working conditions are hastening the eventual end of an era of cheap costs that helped make southern
New Jobless Claims Drop Sharply
New claims for unemployment benefits dropped sharply last week, a sign that layoffs could be slowing. At the same time, hundreds of thousands
Tepid June Retail Sales Separate Winners, Losers
Americans focused on deeply discounted clothing that they needed in June amid escalating worries about jobs, resulting in sluggish sales for many retailers
World Stocks Continue Rising on Growth Upgrade
World markets climbed Thursday on hopes that the global economy will recover faster than expected and as investors prepared for a European
IMF Boosts Global Growth Forecast Despite Risks
The global economy is recovering faster than expected but Europe's debt crisis might stall the rebound and governments need to shore up shaky
Macy's Q2 Profits Surge on Growing Market Share
Macy's Inc.'s net income surged in the second quarter as the department store chain saw a payoff from its focus on exclusive moderate-price
Japan Machinery Orders Fell 9.1% in May
Japan's machinery orders, a closely watched indicator of future business investment, dropped more than expected in May, signaling that a recovery
YouTube Tries to Emulate Boob Tube
YouTube is trying to become as brainless and painless to watch as the boob tube. In the process, the Web's leading video site hopes to ...
Massive ABC IPO Reflects China Cash Squeeze
Agricultural Bank of China's $22 billion initial public offering is making headlines as potentially the world's biggest. It also underlining the cash squeeze
Asian Stocks Down Despite Wall Street Gains
Asian markets retreated Wednesday, with investors losing their appetite for stocks after a disappointing U.S. services sector report pointed to an anemic
Job Losses Has Peaked in Rich Nations Says OECD
Unemployment in rich countries may have peaked — but there are still 17 million more people out of work than at the start of the ...
Toyota Adds Quality Time to Car Development Timeline
Toyota Motor Corp. is extending the time it takes to develop new vehicles by about four weeks for more quality checks in the wake of ...
Peugeot Citroen Has Record Half Year on China Demand
Strong demand for new cars in China helped French auto maker PSA Peugeot Citroen SA report Wednesday a record number of unit sales
GM to Court SAIC, Other Foreign Investors for IPO
Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North
August Jobless Rate Rose in Calif., 26 Other States
More than half of U.S. states saw their unemployment rates rise in August, the largest number in six months, as hiring weakened across the country.
IBM to Pay $1.7 Bil. for Data Miner Netezza
IBM Corp. said Monday it has agreed to pay $1.7 billion for Netezza Corp., a company that helps businesses sort through data on corporate servers.
Strong European Debt Sales Lift Investor Mood
Solid bond auctions in Ireland, Spain and Greece helped to further shore up sentiment in the markets Tuesday while investors waited for the latest
Oil Slips to $74 Ahead of Key Fed Meeting
Oil prices slipped to near $74 a barrel Tuesday in Asia as traders looked to a key U.S. central bank meeting later in the day ...
World's Airlines Treble Profit Forecast
Global airlines have rebounded faster than expected from the recession after losing nearly $26 billion over 2008 and 2009, the industry association
China Fines Toyota Finance Arm for Bribing Dealers
Authorities in eastern China say they have fined Japanese automaker Toyota Motor Corp.'s finance unit for giving bribes to car dealers
Asian Stocks Rise on Hope of More Fed Action
Asian stock markets advanced Tuesday as hopes for more action by the Federal Reserve to prop up the U.S. economy extended Wall Street's rally
Lotte Group Buys Control of Pepsi Philippines
Lotte Chilsung Beverage, a Lotte Group affiliate, has paid $101 million for a controlling 34.4% stake in Pepsi-Cola Products Philippines (PCPP), becoming its largest
Cessna Blames Economy for Cutting 700 Jobs
Cessna Aircraft announced Tuesday it will cut another 700 jobs, saying it has not seen the growth and recovery that it expected this year.
GM to Test All-Electric Chevy Cruze in Korea
General Motors says it will launch a test fleet of electric cars in South Korea as it continues to develop battery-powered models of its Chevrolet ...
World Stocks Rise on Oracle, RIM Earnings
World stock markets mostly rose Friday as positive earnings news from technology companies such as Oracle and BlackBerry maker Research
LG to Replace Electronics CEO with Group Chairman's Brother
South Korea's LG Electronics, the world's third-biggest maker of mobile phones, said its chief executive will be replaced by the brother
China Approves Local Branches for Taiwan Banks
China has given approval to four Taiwanese banks to set up branches on the mainland, a major step toward financial cooperation
Electric Carmaker BYD Takes Stake in Tibet Lithium Mine
Chinese battery and autos maker BYD Co. said Friday it has agreed to buy an 18 percent stake in a Tibetan-based lithium and boron miner
Playstation Move Gets Gamers Off Couch
Sony Corp. gets gamers off the couch with its new motion controller, the PlayStation Move.
Samsung Tablets to Be Sold by Top U.S. Wireless Carriers
Samsung says all four major U.S. wireless carriers will sell its iPad-like tablet computer in the coming months.
China Agricultural Bank IPO Sets World Record $19.2 Bil.
The Agricultural Bank of China's initial public offering has raised more than $19 billion in what could turn out to be the largest IPO ever.
Dow Ends 7-Day Slide with Modest Gain
The Dow Jones industrial average broke a seven-day slide Tuesday after traders sifted through the market for beaten-down stocks.
Service Sector Data Shows Slightly Slower Growth
The service sector grew more slowly in June, an industry trade group said Tuesday, offering the latest sign that the economic recovery
Gas Prices Continue Slide After July 4th Weekend
Drivers are finding lower gas pump prices now that the July 4th weekend is over and prices are likely to keep sliding.
Economic Stress Continues Easing in Most U.S. Counties
Two-thirds of U.S. counties became economically healthier in May, thanks to more manufacturing jobs in the Midwest and fewer home foreclosures
World Markets Rise on Bargain Hunting
World markets rose Tuesday as investors scooped up stocks that had been pummeled last week and anticipated a rally on Wall Street
Toyota Begins Global Lexus Recall for Engine Defect
Toyota started a global recall over engine defects in its Lexus and Crown models, moving to repair more than 95,000 vehicles in Japan and South ...
Ethnic Vegetables Sprout New Sales for U.S. Farmers
Maxixe, a Brazilian relative of the cucumber, is relatively unknown in the U.S., but it may one day be as common as cilantro as farmers ...
First-Class Stamps to Cost $0.46 in 2011
Buy those Forever stamps now. The cost of mailing a letter is going up again. Fighting to survive a deepening financial crisis, the Postal Service
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
German Imports Outsurged Strong Exports in May
German exports rose by a healthy 9.2 percent on the month in May as an improving global economy stoked demand, while imports surged
World Stocks Continue Rise on Korea Rate Hike
World stock markets rose Friday on hopes that global economic growth will prove resilient, with investors viewing a surprise interest rate hike
Bank of Korea Raises Interest on Strong Growth
South Korea's central bank raised its key interest rate Friday from a record low amid prospects for faster growth in the country's economy.
China Renews Google's Web Operating License
Google CEO Eric Schmidt said Thursday he expects Beijing to renew the license the company needs to continue operating a website in China.
Rising Costs Force Big Shift from South Coastal China
Factory workers demanding better wages and working conditions are hastening the eventual end of an era of cheap costs that helped make southern
New Jobless Claims Drop Sharply
New claims for unemployment benefits dropped sharply last week, a sign that layoffs could be slowing. At the same time, hundreds of thousands
Tepid June Retail Sales Separate Winners, Losers
Americans focused on deeply discounted clothing that they needed in June amid escalating worries about jobs, resulting in sluggish sales for many retailers
World Stocks Continue Rising on Growth Upgrade
World markets climbed Thursday on hopes that the global economy will recover faster than expected and as investors prepared for a European
IMF Boosts Global Growth Forecast Despite Risks
The global economy is recovering faster than expected but Europe's debt crisis might stall the rebound and governments need to shore up shaky
Macy's Q2 Profits Surge on Growing Market Share
Macy's Inc.'s net income surged in the second quarter as the department store chain saw a payoff from its focus on exclusive moderate-price
Japan Machinery Orders Fell 9.1% in May
Japan's machinery orders, a closely watched indicator of future business investment, dropped more than expected in May, signaling that a recovery
YouTube Tries to Emulate Boob Tube
YouTube is trying to become as brainless and painless to watch as the boob tube. In the process, the Web's leading video site hopes to ...
Massive ABC IPO Reflects China Cash Squeeze
Agricultural Bank of China's $22 billion initial public offering is making headlines as potentially the world's biggest. It also underlining the cash squeeze
Asian Stocks Down Despite Wall Street Gains
Asian markets retreated Wednesday, with investors losing their appetite for stocks after a disappointing U.S. services sector report pointed to an anemic
Job Losses Has Peaked in Rich Nations Says OECD
Unemployment in rich countries may have peaked — but there are still 17 million more people out of work than at the start of the ...
Toyota Adds Quality Time to Car Development Timeline
Toyota Motor Corp. is extending the time it takes to develop new vehicles by about four weeks for more quality checks in the wake of ...
Peugeot Citroen Has Record Half Year on China Demand
Strong demand for new cars in China helped French auto maker PSA Peugeot Citroen SA report Wednesday a record number of unit sales
GM to Court SAIC, Other Foreign Investors for IPO
Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North
August Jobless Rate Rose in Calif., 26 Other States
More than half of U.S. states saw their unemployment rates rise in August, the largest number in six months, as hiring weakened across the country.
IBM to Pay $1.7 Bil. for Data Miner Netezza
IBM Corp. said Monday it has agreed to pay $1.7 billion for Netezza Corp., a company that helps businesses sort through data on corporate servers.
Strong European Debt Sales Lift Investor Mood
Solid bond auctions in Ireland, Spain and Greece helped to further shore up sentiment in the markets Tuesday while investors waited for the latest
Oil Slips to $74 Ahead of Key Fed Meeting
Oil prices slipped to near $74 a barrel Tuesday in Asia as traders looked to a key U.S. central bank meeting later in the day ...
World's Airlines Treble Profit Forecast
Global airlines have rebounded faster than expected from the recession after losing nearly $26 billion over 2008 and 2009, the industry association
China Fines Toyota Finance Arm for Bribing Dealers
Authorities in eastern China say they have fined Japanese automaker Toyota Motor Corp.'s finance unit for giving bribes to car dealers
Asian Stocks Rise on Hope of More Fed Action
Asian stock markets advanced Tuesday as hopes for more action by the Federal Reserve to prop up the U.S. economy extended Wall Street's rally
Lotte Group Buys Control of Pepsi Philippines
Lotte Chilsung Beverage, a Lotte Group affiliate, has paid $101 million for a controlling 34.4% stake in Pepsi-Cola Products Philippines (PCPP), becoming its largest
Cessna Blames Economy for Cutting 700 Jobs
Cessna Aircraft announced Tuesday it will cut another 700 jobs, saying it has not seen the growth and recovery that it expected this year.
GM to Test All-Electric Chevy Cruze in Korea
General Motors says it will launch a test fleet of electric cars in South Korea as it continues to develop battery-powered models of its Chevrolet ...
World Stocks Rise on Oracle, RIM Earnings
World stock markets mostly rose Friday as positive earnings news from technology companies such as Oracle and BlackBerry maker Research
LG to Replace Electronics CEO with Group Chairman's Brother
South Korea's LG Electronics, the world's third-biggest maker of mobile phones, said its chief executive will be replaced by the brother
China Approves Local Branches for Taiwan Banks
China has given approval to four Taiwanese banks to set up branches on the mainland, a major step toward financial cooperation
Electric Carmaker BYD Takes Stake in Tibet Lithium Mine
Chinese battery and autos maker BYD Co. said Friday it has agreed to buy an 18 percent stake in a Tibetan-based lithium and boron miner
Playstation Move Gets Gamers Off Couch
Sony Corp. gets gamers off the couch with its new motion controller, the PlayStation Move.
Samsung Tablets to Be Sold by Top U.S. Wireless Carriers
Samsung says all four major U.S. wireless carriers will sell its iPad-like tablet computer in the coming months.
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