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Business

Yuan Hits New High vs. Dollar Ahead of Hearing

China's currency advanced to a fresh high against the U.S. dollar for the third straight trading day Tuesday, as U.S. lawmakers prepared

Dollar Slides to New 15-Year Low Against Yen

The U.S. dollar fell to a new 15-year low against the yen in early Tokyo trade Tuesday as investors tried to avoid risky bets, while ...

Toshiba Unveils Glasses-Free 3-D TVs

Toshiba Corp. believes it has a solution for television viewers who like 3-D but hate the glasses.

Japan Cuts Key Interest Rate to Near Zero

Japan's central bank has cut its key interest rate to a range of zero to 0.1 percent, effectively introducing a zero interest rate policy.

Content Partners Sign Up for Google TV's October Launch

Google Inc.'s effort to wed Web surfing with television viewing is gathering more support from major media outlets that distribute some

Foreigners Find Irresistable Deals in U.S. Housing Bust

The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom.

Feds Sue 3 Major Credit Card Cos., Settle with 2

The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement

Toyota Repaired 3.7 Mil. Cars Under Recalls

Toyota Motor Corp. said Monday it had fixed about 3.7 million vehicles in the United States as part of its massive safety recalls, citing progress

Poor Americans Bear High Cost of Going Bankless

The nickel-and-diming never stopped. The fees were constant: $28 to cash a paycheck. $1.50 for a money order.

Asia Stocks Up, Europe Down Ahead of U.S. Data

The continued relative strength of the yen hurt Japanese stocks earlier and the Nikkei 225 stock average closed down 23.17 points

Sanofi-Aventis Launches Hostile Bid for Genzyme

France's Sanofi-Aventis on Monday launched an $18.5 billion hostile takeover offer for Genzyme Corp., stepping up its effort to capture

Eurozone Retail Sales Fell Unexpectedly in August

Retail sales in the 16 countries that use the euro unexpectedly fell during August, official figures showed Tuesday, in another sign

Verizon Wireless May Refund $90 Mil. in Web Fees

Verizon Wireless could pay out up to $90 million in refunds to cell phone customers who were improperly charged for inadvertent Web access or data

BOA Forced to Delay Foreclosures in 23 States

Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners

Microsoft Sues Motorola on Smart Phone Patents

Microsoft Corp. is suing Motorola Inc. for infringing on its smart-phone patents.

Car Sales Surge Mostly on New Crossovers

New models and Labor Day promotions didn't do much to fire Americans' appetites for new cars in September.

Manufacturing Expands for 14th Straight Month

Manufacturing activity expanded in September for the 14th straight month, although at the slowest pace since November.

Incomes, Spending Both Rose in August

Consumer spending rose by a moderate amount in August while incomes increased by the largest amount in eight months, a gain that was propelled

United, Continental Merge to Become World's No. 1

United and Continental closed a deal on Friday that will create a new No. 1 airline in the world, ending Delta's two-year hold on the ...

Eurozone Unemployment at 10.1% in August

Unemployment in the 16 countries that use the euro remained unchanged at 10.1 percent in August despite a stronger than anticipated economic recovery

China Growth to Offset U.S. Weakness Says IMF

The global economy will likely strengthen the rest of this year and in 2011 as China and other emerging powers offset weakness in the United ...

Japan Forex Reserves Hit New High After Failed Intervention

Japan's foreign exchange reserves hit an all-time high in September after the central bank intervened in currency markets for the first time

Samsung Expects Earnings to Fall Below Record

Samsung Electronics, the world's biggest seller of computer memory chips, forecast Thursday that third-quarter operating profit likely eased

Verizon Wireless to Roll Out 4G in 38 Cities

Verizon Wireless said Wednesday that its new wireless broadband network, which offers higher data speeds initially for laptop users

Cisco to Sell HD Home Video-Conferencing Box

Cisco Systems Inc., seeking to become a bigger name in consumer electronics, said Wednesday that it's going to start selling a $599 box

GE Taps Natural Gas Boom with Dresser Deal

General Electric Co. is expanding its energy business by tapping into the growing reliance of utilities and factories on natural gas.

Midnight Grocery Runs a Sign of Hard Times

Once a month, just after midnight, the beeping checkout scanners at a Walmart just off Interstate 95 come alive in a chorus of financial desperation.

Apple Readies iPhone for CDMA Markets

A new report says Apple is getting ready to manufacture a new iPhone that works on cellular networks based on CDMA technology

Fitch Downgrades Ireland Credit Rating

Ratings agency Fitch cut Ireland's credit worthiness another notch Wednesday, citing the country's long fight to emerge from record deficits

BP Says It Paid $11.2 Bil. on Gulf Oil Spill Claims

BP PLC said Friday that it has pledged royalty revenues from several Gulf of Mexico assets to guarantee payment of claims from the disastrous

J&J Buys Dutch Biotech Crucell for $2.41 Bil.

Johnson & Johnson said Wednesday it is buying Crucell N.V. for about $2.41 billion in a move that will boost the American health care company's

Costco Income Rises on Overseas Strength

Increased revenue from selling memberships and strength overseas helped push Costco Wholesale Corp.'s net income up 16 percent

Asia, Europe Stocks Rally on Fed Rate Cut Hopes

Global stock markets extended their rally Wednesday as investors remained hopeful that the Federal Reserve will introduce more monetary

Retail Sales Rose Modestly in September

Americans kept spending carefully last month, buying electronics and back-to-school clothes but holding back on luxuries.

Ford to Cut Lincoln Dealerships to Revitalize Brand

Ford Motor Co. plans to eliminate more than a third of its Lincoln dealers as part of its effort to revive the luxury brand, according ...

Service Sector Grew in September for 9th Straight Month

The U.S. service sector, the nation's predominate employer, expanded in September for a ninth straight month, although the growth has not been consistent

Japanese Stocks Lead World Markets After Rate Cut

Japanese stocks led world markets higher Tuesday after the country's central bank surprised investors by effectively cutting its main interest rate

Asian Stocks Enjoy Bounce After Holidays

Asian stock markets kicked off a new week of trading in good spirits, encouraged by an improvement in U.S. economic indicators and higher metal prices.

Toys R Us to Hire 45,000 Workers, Plans Stock Sale

Toys R Us will hire about 45,000 employees to help with the holiday season, doubling its U.S. work force.

LG Chem Adds Mitsubishi Motors As Battery Client

Mitsubishi Motors became the latest automaker to sign Korea's LG Chem as the battery supplier for its upcoming electric and hybrid vehicles

World Stocks Slip on Euro Debt Fears, Yen Action

World stock markets fell sharply Tuesday amid renewed worries over Europe's government debt crisis and a report that the Federal Reserve

China Studio Buys Stake in Hollywood Production Firm

The Hollywood production house behind hits including "Clash of the Titans" and "Inception" has sold a 3.3 percent stake to a Chinese studio

ADB Raises Asia Growth Forecast to 8.2%

The Asian Development Bank raised its forecast for the region's economic growth this year, crediting a rapid recovery in exports even as it warned

Blackberry Maker Unveils Small Tablet for Business

The company that gave us the BlackBerry — still the dominant phone in corporate circles — thinks its business customers will have room in their ...

Wal-Mart Bids $4.25 Bil. for S. Africa's Massmart

Wal-Mart-Stores Inc. says it has offered to buy South African retailer Massmart Holdings Ltd. for approximately $4.25 billion.

Nestle to Expand Herbal Medicine Business

Nestle plans to plow hundreds of millions of dollars into expanding its medical nutrition business over the next decade, hoping to capitalize

Coca-Cola to Invest $1 Bil. in Philippines

Coca-Cola Co. said Tuesday it will spend $1 billion in the Philippines over the next five years to expand its presence in the fast-growing market

Hyndai Recalls 2011 Sonatas for Steering Glitch

Hyundai Motor Co. said it is voluntarily recalling 139,500 Sonata sedans in the U.S. because of a manufacturing defect that could cause drivers

IRS Cuts Down Iffy Tax Break Disclosures for Big Corps.

The Internal Revenue Service is scaling back a new requirement that large corporations disclose on their tax returns whether they are taking

Growth in Durables Orders Sends Stocks Up

Stocks resumed a September rally Friday as traders were encouraged that orders for manufactured goods excluding the volatile transportation