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Business

Asian Stocks Drop as China Raises Bank Reserve

Asian stocks fell Monday after China ordered banks to raise their reserves, the latest in a series of moves aimed at curbing inflation

Shanghai Expo Irresistable Draw for Business World

China's commercial capital of Shanghai has always been all about business. Nowhere is that more evident than at its World Expo

Oil Prices Rally on Rising Recovery Hopes

Oil prices hovered near $77 a barrel Wednesday in Asia as a rally fueled by a stock market surge and a stronger euro pauses.

World Stocks Rise on Greek Bailout Hopes

European stocks traded in a narrow range Friday as investors warily awaited the completion of a Greek support package and looked ahead of U.S. economic ...

Japan Factory Output Rises But More Unemployed

Japan received an uneven assessment of its economic health Friday with indicators showing an increase in joblessness and ominously falling prices.

Toyota Creates Design Quality Division

Toyota, its reputation battered by global recalls, is setting up a new division devoted to feeding customer concerns into the design process

Samsung Profits Soar on Big Chip Sales Jump

Samsung Electronics said Friday that net profit surged in the first quarter amid strong demand and higher prices for computer memory chips.

iPhones Will Never Support Flash Says Jobs

For iPhone users who've been wondering whether their devices will support Flash technology for Web video and games anytime soon

Korea Targets Nuclear Reactors As Key Export Industry

S. Korea plans to boost nuclear reactors as the next major export industry after cars, chips and ships, reported Chosun Ilbo.

Credit-Rating Agencies Blamed for EU Debt Crisis

The rating agencies that sort good investments from junk are once again injecting fear into financial markets. Only this time it's for warning investors

Exxon Mobil Profits Jump 38% on Oil Rise

Exxon Mobil Corp. said Thursday its quarterly profit jumped 38 percent as oil prices rose in the first three months of the year.

Kodak Returns to Profit on Inkjet, Samsung Settlement

Eastman Kodak Co. said Thursday it posted a $119 million profit in the first quarter in contrast to a steep loss a year ago, lifted ...

Panasonic Returns to Profit, Buys Out Sanyo

Panasonic is planning to take 100 percent ownership of its subsidiaries Sanyo Electric and Panasonic Electric Works

Disney Sells Miramax to Hollywood Newcomers

The Walt Disney Co. said Friday that it agreed to sell its Miramax Films to an investor group for about $660 million, ending a 17-year ...

Honda Profits Mushroom 32-Fold to New Record

Honda's quarterly profit ballooned to a record $3.2 billion while Mazda reduced its losses, rounding out a tale of recovery among Japanese automakers.

Kia Posts 61% Profit Surge on Strong Sales Growth

Kia Motors announced Friday that net profit rose 61 percent in the second quarter amid an increase in sales.

Samsung Posts 83% Profit Jump on Chip, LCD Sales

Samsung Electronics Co.'s net profit surged 83 percent in the second quarter to a record high amid increased sales and strength

Google Sounded False Alarm About China Blockage

Google Inc. triggered a false alarm Thursday by posting a notice that its search engine and several other services had been cut off from mainland ...

VW Profits Surge to $1.6 Bil. on China Demand

Sales at Volkswagen AG motored ahead in the second quarter, thanks in part to strong demand from China and helping to push earnings sharply

Toyota Recalls 412,000 Cars for Steering Parts Cracks

Toyota is recalling 412,000 passenger cars, mostly the Avalon model, in the U.S. for steering problems in which three accidents have been reported

China Okays Geely's Volvo Purchase Without Conditions

Geely Holding Group has received final Chinese government approval to acquire Volvo Cars from Ford Motor Co., the Commerce

Nissan Returns to Profit on Global Rebound

Nissan Motor Co. veered back into the black in its latest quarter as global car sales rebounded while its smaller rival Mitsubishi Motors Corp.

Sony Returns to Profit on Playstation 3, PC Sales

Sony bounced back to profit last quarter and raised its full-year earnings forecast, fueled by stronger demand for its PlayStation 3 gaming consoles

Revised Data Show Recession Was Underestimated

The recession was deeper than the government previously thought. The Commerce Department, in revisions issued Friday

Siemens Reports 4% Revenue Growth

A strong increase in orders in a recovering economy helped push earnings at Siemens AG 9 percent higher

Hyundai Motor Profits Soar 71% to Record

Hyundai Motor Co.'s second-quarter net profit soared 71 percent to a record high as both sales revenue and volume rose.

Amazon's Lighter, Cheaper Kindle Adds Wi-Fi Access

Jeff Bezos isn't just confident you'll want a Kindle e-book reader. The CEO of Amazon.com is bracing for a future in which you'll also want ...

Japan Retail Sales Up 3.2% in June As Growth Slows

Japan's retail sales in June rose for the sixth straight month, but the pace of growth is slowing.

Sober Fed Assessment Dampens Wall Street Mood

Investors cashed in some of their recent gains Wednesday after the Federal Reserve gave them more confirmation that the economic recovery is slowing.

Jobless Rate Rises in 75% of Urban Areas

The unemployment rate in about three-quarters of the nation's largest metro areas rose last month as nearly one million teenagers entered

Boeing Pofits Fall on Defense Spending Cuts

Boeing's second-quarter profit fell 21 percent, and it said layoffs are likely in its defense business because of expected government spending

Durable Goods Orders Fall 1% in June

Orders to U.S. factories for big-ticket manufactured goods fell broadly in June as the fragile recovery continued to slow.

Sprint Nextel Reverses Subscriber Losses

Sprint Nextel Corp. said Wednesday that it gained subscribers in its latest quarter, the first such gain in three years, as it continued to improve

BMW Pofits Surge to $1.1 Bil. as China Sales Double

Second-quarter earnings at luxury car maker BMW AG surged to euro834 million ($1.1 billion) as better selling prices and robust demand in China

AOL Posts $1 Bil. Loss of Writedowns, Lower Sales

Internet company AOL Inc. said Wednesday a $1.4 billion accounting charge pushed the company to a $1 billion-plus net loss in the second quarter.

Asia Mixed, Europe Falls on U.S. Recovery Data

World stocks mostly fell Wednesday after more disappointing economic news reinforced concerns about the U.S. economic recovery ahead

Toyota Posts $2.2 Bil. Profit As Global Sales Recover

Toyota reported a quarterly profit of $2.2 billion, reversing from red ink a year earlier as the world's top automaker benefited from a global sales

Torch Will Help Blackberry Preserve Status Quo

BlackBerrys still fly off the shelves. They still convey the message that their owners mean business — that they're people who are important enough

RIM in Talks with India Over Access to Blackberry Emails

BlackBerry maker Research in Motion Ltd. says it has not agreed to heightened surveillance of its corporate clients by the Indian government

Most Carmakers Post Higher U.S. Sales for July

Most automakers posted higher U.S. sales last month, a sign that Americans are still willing to buy big-ticket items even though concerns

Toyota Shifts Focus to Emerging Markets

Toyota has set its sights on getting half of its sales from areas other than Japan, Europe and the United States, a senior company official ...

Coach Profits Jump As China Stores Open

A sharp in increase in sales in North America and Asia helped Coach's fourth-quarter net income rise 34 percent, the luxury handbag

GM China July Sales Rise 22%, Ford Falls

General Motors' China revenues grew 22% in July on the strength of Chevy sales. Rival Ford Motor Co's local sales fell 6.3%.

Asia Stocks Continue Rising, Europe Slips

European stock markets mostly fell Tuesday after big gains in the previous session while the euro spiked to a fresh three-month high

Peugeot Citroen Returns to Profit on China Growth

Carmaker PSA Peugeot Citroen SA on Wednesday reported a return to profit in the first half of 2010, beating market expectations and boosting

Kenny Huang Bids for Control of Liverpool

Chinese businessman Kenny Huang has offered to buy Liverpool's $374 million debt from a British bank in an attempt to end Tom Hicks' and George ...

HSBC Profits Double to $6.8 Bil.

British bank HSBC Holdings PLC said Monday that its first-half net profit more than doubled to $6.76 billion as provisions

BNP Paribas Profits Surged 31% on Retail Growth

BNP Paribas SA said Monday its net profit soared 31 percent in the second quarter as steep retail banking gains in France and the Benelux ...

China Car Sales Up 17.2% in July As Growth Slows

Auto sales growth in China, the world's biggest market, weakened further in July, data showed Monday.

China Manufacturing Growth Continues Gradual Slowing

Expansion of Chinese manufacturing activity slowed for the third month in July, as production, new orders and purchasing prices all declined

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