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New Jobless Claims Fall Sharply Again

New applications for unemployment benefits fell sharply last week as General Motors and other manufacturers skipped their usual summer shutdowns.

JPMorgan Profits Soar to $4.8 Bil. in Q2

JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from failed loans

Novartis Q2 Profits Up 19% to $2.44 Bil.

Drug maker Novartis AG has reported a second-quarter increase in net profit of 19 percent to US$2.44 billion on strong sales.

2010 Foreclosures to Pass 1 Mil. for First Time

More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog

China Economy Grew 11.1% During First Half of 2010

China's rapid growth is slowing as the impact of its massive stimulus eases and Beijing clamps down on a credit boom.

Asian Stocks Slip on U.S. Slowdown Concerns

Asian stock markets retreated Thursday after disappointing news on the U.S. economy chilled sentiment in Asia.

Turkey Emerges As Global Construction Power

An army of Turkish cranes and bulldozers is at work across the Middle East, Central Asia and Africa, building dams, stadiums and highways

Stocks Fall on Waning Faith in Yuan Impact

Stocks erased big gains Monday after investors lost some of their enthusiasm about China's decision to let its currency appreciate against the dollar.

Intel Posts Biggest Quarterly Profit in Decade

Intel Corp. has booked its largest quarterly net income in a decade as the chipmaker benefits from a stronger computer market

Federal Deficit Tops $1 Tril. with 3 Months Left

The federal deficit has topped $1 trillion with three months still to go in the budget year, showing the lasting impact of the recession

Trade Deficit Jumps As Import Growth Outpaces Exports

The trade deficit rose in May to an 18-month peak as rising imports offset another solid gain in U.S. exports. The surge in imports was ...

Nissan Leads Japan Car Outsourcing with Thai-Made March

Nissan took the wraps off its new March subcompact Tuesday, which is being manufactured in Thailand for sale in Japan, underlining a trend for Japanese

Europe Stocks Rise on Alcoa Earnings, Asia Slips

Asian stock markets rose Tuesday as sentiment strengthened on better-than-expected earnings results from US aluminum maker Alcoa Inc.

Apple iPhone 4 Defective Says Consumer Reports

Consumer Reports said Monday it will not recommend Apple Inc.'s newest iPhone because of reception problems caused by its antenna design.

Conde Nast's Reddit Asks Readers for Donations

Though it's owned by a large media company, Reddit needs money, and it's turning to its loyal audience for help.

Hugh Hefner Makes Bid to Take Playboy Private

Hugh Hefner wants to buy out the portion of the Playboy empire he doesn't already own in a bet that the iconic brand can still ...

Tiffany Profits Double on Soaring Asia Sales

Jewelry and gift seller Tiffany & Co.'s net income more than doubled in the first quarter as its revenue rose in the U.S. and soared ...

Panasonic Buys Sanyo, Seeks Solar Power Lead

Panasonic Corp. is banking on the solar-panel business that it gained by acquiring domestic rival Sanyo, aiming for top market share of at least 35 ...

Japan Factory Output Up for 2nd Straight Month

Japan's industrial production rose for a second straight month in April propelled by robust growth in China and the rest of Asia.

April Consumer Spending Hints at Slow Recovery

Consumer spending was stagnant in April while incomes posted a tiny advance, signs that the economic recovery could slow.

iPad Launch Draws Long Lines in Asia, Europe

Shoppers are mobbing Apple's flagship store in London in hopes of getting the gadget of the moment — the iPad.

Suicide-Plagued Foxconn Raises Worker Wages

The Taiwanese electronics company buffeted by a spate of suicides at its China factories said Friday it will raise the pay of workers by an ...

Japan Carmakers Enjoy Sales, Export Boom in April

Japan's biggest automakers posted major production and sales gains in April, as robust growth in China and elsewhere in Asia continued to fuel demand.

Ford May Be About to Discontinue Mercury Line

Mercury could soon be the latest Detroit car brand to disappear. Ford Motor Co. is assessing the future of Mercury, although a final decision

J&J Probed for "Phantom Recall" of Pain Relievers

Congressional investigators said Wednesday that Johnson & Johnson hired a private company that bought up defective packets of pain relievers in 2008

Stocks Surge on Word China to Hold European Debt

Stocks had another turnaround Thursday and rocketed higher after China reassured investors it doesn't plan to sell the European debt it holds.

India Returns to Pre-Recession Growth

A rebound in manufacturing and recovering farm output drove India's quarterly economic growth to 8.6 percent, the best in two years

Costco Profits Jump 46% on Sales, Memberships

Costco Wholesale Corp.'s profit climbed 46 percent in the fiscal third quarter as sales and membership revenue both rose.

Honda China Plant Stopped by Worker Strike

Honda's four auto assembly plants in China have ground to a halt after workers at a parts maker went on strike demanding better wages.

Asia, Europe Stocks Rise on Asian, U.S. Data

World stocks rose Thursday as investors put Europe's debt problems behind them — for now — and instead concentrated on strong Asian economic growth

China's Stock Market Defies Robust Real Growth

Shanghai has Wall Street-size ambitions for its financial markets, and this month, it got a charging bronze bull to match those aspirations.

Asian Stocks Fall on Europe Debt Fears

Asian stock markets fell in early trading Thursday after the Dow Jones industrial average closed below the 10,000 line for the first time in nearly

Yahoo Paints Brighening Picture Through 2013

Yahoo Inc. raised its financial target Wednesday, reflecting expectations that the Internet company will attract more online advertisers as it reaps savings

Feds Profit from $6.2 Bil. Sale of Citigroup Stock

The Treasury Department said Wednesday it raised $6.2 billion from the sale of 1.5 billion shares of Citigroup stock it received as part of the ...

Euro Slide Pushes Dow to Sub-10K Close

A drop in the euro set off a late-day slide in stocks Wednesday and sent the Dow Jones industrial average to its first close below ...

Facebook Faces Growing Privacy Protests

Facebook is simplifying its privacy controls amid growing unrest from many of its users.

Taiwanese e-Readers Use Efficient Ink-Based Displays

aiwanese electronics firms displayed a slew of e-readers at an industry show Tuesday, with one maker unveiling a lightweight model that can display

Jobless Claims Drop for 2nd Straight Week

New claims for unemployment insurance fell for the second straight week, fresh evidence the job market is slowly improving.

Airline Recovery Quickens on Asia, U.S. Growth

The aviation industry could recover within two years from the global economic downturn, as growth in the U.S. and Asia offsets weaker demand in Europe

May Retail Report Shows Spending Slowed

Retailers are reporting tepid business in May after cool weather and fresh concerns about the economy had shoppers cutting spending

Ford to End Mercury Production in 2010

Ford Motor Co. said Wednesday it will cease production of its 72-year-old Mercury brand by the end of 2010 after years of declining sales.

Pending Home Sale Forecasts Boost Stocks

Stocks rebounded Wednesday after a stronger-than-expected increase in pending home sales restored investors' optimism about the economy.

Most Carmakers Post Double-Digit Gains for May

Drivers snapped up new models and rental-car and government fleets ordered more vehicles in May, boosting U.S. auto sales for yet another month.

Spain's Borrowing Costs Rise to Alarming Levels

Wary investors pushed up Spain's borrowing costs on Wednesday as a debt downgrade from last week cast a shadow over the country's efforts to avoid

German Car Exports Jump 49% in May

German car exports increased by nearly half in May compared to a year earlier but sales continued to slide at home, an industry group said ...

Prudential Gives Up Bid to Buy AIA from AIG

Prudential PLC has accepted defeat in its ambitious $35.5-billion plan to acquire Asian insurance company AIA from U.S. insurance company AIG.

Durables, New Home Sales Buffer Against Europe

Sales of new homes posted another large gain in April as buyers rushed to sign contracts before government tax credits expired.

BP Shares Plunge As It Begins Big Cut-and-Cap Bid

BP lost billions more in market value Tuesday when shares fell steeply in the first trading day since the company failed to plug the worst ...

Europe's Ryanair Soars Back into Full-Year Profit

European budget airline Ryanair announced a return to robust full-year profits Tuesday and unveiled its first-ever cash dividend to shareholders

HP to Cut 9,000 Jobs, Take $1 Bil. in Charges

Hewlett-Packard Co. said Tuesday it will cut about 9,000 jobs and take $1 billion in charges over three years as it creates fully automated commercial ...

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