Abercrombie & Fitch Returns to Profit in Q2
Abercrombie & Fitch return to a profit in the second quarter as its strategy of lowering some prices boosted sales.
Business
Asia Stocks Rise Modestly As Markets Calm
Asian markets mostly posted tentative gains Tuesday as nerves calmed despite steady driblets of sobering news about the speed of the global economic
Banks Loosen Small Business Lending Standards
Banks have eased lending standards for small businesses for the first time in nearly four years, the Federal Reserve said Monday.
Homebuilder Confidence Drops for 3rd Straight Month
Homebuilder confidence dropped for the third straight month in August as the struggling economy and a flood of cheap foreclosed properties
Hyundai-Kia Outsells Toyota in Canada, China, Europe
Hyundai-Kia Automotive Group sold more cars in Canada in July than its Japanese rival Toyota for the third consecutive month, the Korea Automobile
China Overtook Japan As No. 2 Economy in Q2
Japan lost its place as the world's No. 2 economy to China in the second quarter as receding global growth sapped momentum and stunted a ...
China Cut U.S. Treasury Holdings Again in June
China reduced its holdings of U.S. Treasury debt for a second straight month in June while the holdings of Japan and Britain rose.
World Stocks Fall on Japan Export Slowdown
World stocks markets mostly fell Monday after figures showed that Japan's economic growth slowed sharply during the second quarter
China's Ag Bank Confirms IPO Was World's Largest
The Agricultural Bank of China says it raised a world record $22.1 billion in its initial public offering last month, despite a tepid reception from ...
Apple Manager Indicted on Kickback Charges
A manager at Apple Inc. has been indicted by a federal grand jury in an alleged kickback scheme involving suppliers of iPhone and iPod accessories.
U.S. Stocks Keep Slipping on Confusing Data
The stock market has fallen for the fourth straight day after a mixed batch of readings on consumer spending contributed to a muddled picture
magicJack Company to Offer Free Calls from Computers
The company behind the magicJack, the Internet phone gadget heavily advertised on television, has another trick up its sleeve
IBM Adds Online Marketing Tools with Unica Buy
IBM Corp. said Friday that it has agreed to buy the marketing services company Unica Corp. in a $480 million deal that would give IBM
Eurozone Grew Faster Than U.S. in Q2
The economy of the 16 countries that use the euro grew by a better-than-expected 1 percent during the second quarter as growth engine Germany
U.S. Jobs Data Dampen World Markets
European stock markets traded lower Thursday after soft U.S. jobs data reined in hopes for gains on Wall Street. Japanese stocks were the best-performing
Aussie Mining Stocks Rise on Poll Uncertainty
Stocks in Australia's biggest mining companies rose Monday as the government's plans for a new tax on their profits were thrown into doubt
4 Calif. Banks Among 8 Shut Down by Regulators
Regulators on Friday shut down a big community bank based in Chicago that has been known for its social activism but racked by financial troubles
Smartphone Boom Slowed by Lagging Chip Production
The seemingly recession-proof smart phone is suffering from a side effect of the rough economy: Manufacturers simply can't build enough
Stocks Keep Slipping on Persisting Unease Over Data
Stocks closed moderately lower Friday as investors' pessimistic view of the economy deepened.
Jobless Rate Falls in 18 States, Rises in 14
Unemployment fell in fewer states in July than in the previous three months, a sign that jobs remain scarce nationwide.
Germany Considers Keeping Nuclear Plants Longer
Prominent German business figures are warning against what they call a too-quick shutdown of the country's nuclear plants, stepping up pressure
Russia Opens Up Bidding on Chopper-Carrier Prototypes
Russia will hold an open tender for two warships of the class it had planned to buy from France without inviting other bidders
Super-Oysters Promise Fatter, Cleaner Eating
Biologist John Supan thinks he has developed what may be the holy grail for oyster lovers: a hardy breed of the delectable shellfish
Oil Falls Below $75 on Fears of Slowing Recovery
Oil prices dropped below $75 a barrel Friday amid mounting concerns over the pace of the U.S. economic recovery, following another batch
E-Readers Battle Tablets for Digital Book Supremacy
The marriage of an American technology firm and a Taiwanese display panel manufacturer has helped make digital reading a prospective challenger
Retail Sales, Prices Rise on Growing Car Demand
A busy month for car dealerships lifted retail sales for the first time in three months while more expensive food and gas boosted
Intel to Buy McAfee for $7.68 Bil.
Chip maker Intel Corp. said Thursday it is buying computer-security software maker McAfee Inc. for $7.68 billion, or $48 per share.
Germany Boosts 2010 Growth Forecast to 3%
Germany's economy is on course to grow by about 3 percent this year after a spectacular second-quarter growth spurt, the country's central bank
China Tries to Meet Booming Demand for Movies
China said it will expand its movie industry by making more films and building more theaters to meet growing demand.
Taiwan GDP Surged 12.5% on Electronics Demand
Taiwan's export-reliant economy surged 12.5 percent year-on-year in the second quarter on strong foreign demand for the island's electronics
Lenovo Returns to Profit on Surging China PC Sales
Lenovo Group, the fourth-largest personal computer maker, said Thursday it rebounded to a quarterly profit from a loss a year earlier
Asian Stocks Rise on Chip Demand Growth
Most Asian markets rose Thursday after a seesaw session on Wall Street, helped by gains in tech stocks after an industry report in Japan
GM Takes First Clear Step toward Fall IPO
General Motors Co. on Wednesday filed the first batch of paperwork required by regulators to sell stock to the public, a step that brings the ...
Levis Tailors Global Brand Launch for Chinese
Jeans maker Levi Strauss & Co. launched a new global brand in China on Wednesday, joining a growing list of companies that hope to crack
Samsung, LG to Boost Dominance in LCD Market
The global LCD market will shrink 2.6% in the first half of 2011 to a total of about $44 bil., reported U.S.-based DisplaySearch.
Hiring Slows Leaving Jobless Rate Unchanged
Companies showed a lack of confidence about hiring for a third straight month in July, making it likely the economy will grow more slowly
World Stocks Slip on Fears China's Growth Slowing
World markets fell Tuesday amid signs China's economy is losing steam and ahead of a Federal Reserve meeting that will be watched closely
Chrysler Posts First Operating Profit Since 2007
A year after emerging from bankruptcy protection, Chrysler Group LLC said Monday that growing car and truck sales helped it narrow
Hawaii Sugar Growers Spearhead U.S. Biofuel Push
The federal government has turned to a 130-year-old Hawaii sugar grower for help in powering the Navy and weaning the nation
German Export Growth Signals High-End Recovery
German exports grew by 3.8 percent on the month in June and reached their highest level since late 2008, official data showed Monday
Asian Stocks Mixed on U.S. Jobs, High Yen
Asian stock markets were mixed Monday after a poor U.S. jobs report added to evidence the economic recovery is weakening.
Ousted HP CEO Settles with Sex Harassment Accuser
Ousted Hewlett-Packard Co. CEO Mark Hurd has settled allegations of sexual harassment lodged against him by a female contract worker
Germany Warns of Apple iPhone Security Problems
The German government has warned of serious security flaws in Apple's iPhone, iPad and iPod Touch. The warning may have been prompted
Transocean, Anadarko Surge on BP Plug Success
With BP at a turning point in the Gulf oil spill, other companies with a role in the crisis are seeing their fortunes improve
Washington Post Profits Surge on Education Growth
The Washington Post Co. is reporting a surge in second-quarter earnings, helped by a big jump in profits at its education division and lower expenses.
U.S. Corn Exports to Boom As China Eats More Meat
China could be about to increase its corn imports, offering American farmers a chance for greater profits but making it likely U.S. meat
China Consumer Confidence Rebounds in July
The Chinese spent more in July as inflationary pressures eased on falling food prices, according to the Bankcard Consumer Confidence Index (BCCI)
Cable, Satellite TV Thrives on Robust Demand
Consumers are feeling more confident about spending on small luxuries such as premium cable services and pay-per-view, propelling the earnings
Retailers Report Mostly Modest Gains in July
Deep discounts on summer leftovers and hot weather drove shoppers into malls in July, but they remained choosy, resulting in only modest gains.
New Jobless Claims Rise to 479,000
Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies
Abercrombie & Fitch Returns to Profit in Q2
Abercrombie & Fitch return to a profit in the second quarter as its strategy of lowering some prices boosted sales.
Asia Stocks Rise Modestly As Markets Calm
Asian markets mostly posted tentative gains Tuesday as nerves calmed despite steady driblets of sobering news about the speed of the global economic
Banks Loosen Small Business Lending Standards
Banks have eased lending standards for small businesses for the first time in nearly four years, the Federal Reserve said Monday.
Homebuilder Confidence Drops for 3rd Straight Month
Homebuilder confidence dropped for the third straight month in August as the struggling economy and a flood of cheap foreclosed properties
Hyundai-Kia Outsells Toyota in Canada, China, Europe
Hyundai-Kia Automotive Group sold more cars in Canada in July than its Japanese rival Toyota for the third consecutive month, the Korea Automobile
China Overtook Japan As No. 2 Economy in Q2
Japan lost its place as the world's No. 2 economy to China in the second quarter as receding global growth sapped momentum and stunted a ...
China Cut U.S. Treasury Holdings Again in June
China reduced its holdings of U.S. Treasury debt for a second straight month in June while the holdings of Japan and Britain rose.
World Stocks Fall on Japan Export Slowdown
World stocks markets mostly fell Monday after figures showed that Japan's economic growth slowed sharply during the second quarter
China's Ag Bank Confirms IPO Was World's Largest
The Agricultural Bank of China says it raised a world record $22.1 billion in its initial public offering last month, despite a tepid reception from ...
Apple Manager Indicted on Kickback Charges
A manager at Apple Inc. has been indicted by a federal grand jury in an alleged kickback scheme involving suppliers of iPhone and iPod accessories.
U.S. Stocks Keep Slipping on Confusing Data
The stock market has fallen for the fourth straight day after a mixed batch of readings on consumer spending contributed to a muddled picture
magicJack Company to Offer Free Calls from Computers
The company behind the magicJack, the Internet phone gadget heavily advertised on television, has another trick up its sleeve
IBM Adds Online Marketing Tools with Unica Buy
IBM Corp. said Friday that it has agreed to buy the marketing services company Unica Corp. in a $480 million deal that would give IBM
Eurozone Grew Faster Than U.S. in Q2
The economy of the 16 countries that use the euro grew by a better-than-expected 1 percent during the second quarter as growth engine Germany
U.S. Jobs Data Dampen World Markets
European stock markets traded lower Thursday after soft U.S. jobs data reined in hopes for gains on Wall Street. Japanese stocks were the best-performing
Aussie Mining Stocks Rise on Poll Uncertainty
Stocks in Australia's biggest mining companies rose Monday as the government's plans for a new tax on their profits were thrown into doubt
4 Calif. Banks Among 8 Shut Down by Regulators
Regulators on Friday shut down a big community bank based in Chicago that has been known for its social activism but racked by financial troubles
Smartphone Boom Slowed by Lagging Chip Production
The seemingly recession-proof smart phone is suffering from a side effect of the rough economy: Manufacturers simply can't build enough
Stocks Keep Slipping on Persisting Unease Over Data
Stocks closed moderately lower Friday as investors' pessimistic view of the economy deepened.
Jobless Rate Falls in 18 States, Rises in 14
Unemployment fell in fewer states in July than in the previous three months, a sign that jobs remain scarce nationwide.
Germany Considers Keeping Nuclear Plants Longer
Prominent German business figures are warning against what they call a too-quick shutdown of the country's nuclear plants, stepping up pressure
Russia Opens Up Bidding on Chopper-Carrier Prototypes
Russia will hold an open tender for two warships of the class it had planned to buy from France without inviting other bidders
Super-Oysters Promise Fatter, Cleaner Eating
Biologist John Supan thinks he has developed what may be the holy grail for oyster lovers: a hardy breed of the delectable shellfish
Oil Falls Below $75 on Fears of Slowing Recovery
Oil prices dropped below $75 a barrel Friday amid mounting concerns over the pace of the U.S. economic recovery, following another batch
E-Readers Battle Tablets for Digital Book Supremacy
The marriage of an American technology firm and a Taiwanese display panel manufacturer has helped make digital reading a prospective challenger
Retail Sales, Prices Rise on Growing Car Demand
A busy month for car dealerships lifted retail sales for the first time in three months while more expensive food and gas boosted
Intel to Buy McAfee for $7.68 Bil.
Chip maker Intel Corp. said Thursday it is buying computer-security software maker McAfee Inc. for $7.68 billion, or $48 per share.
Germany Boosts 2010 Growth Forecast to 3%
Germany's economy is on course to grow by about 3 percent this year after a spectacular second-quarter growth spurt, the country's central bank
China Tries to Meet Booming Demand for Movies
China said it will expand its movie industry by making more films and building more theaters to meet growing demand.
Taiwan GDP Surged 12.5% on Electronics Demand
Taiwan's export-reliant economy surged 12.5 percent year-on-year in the second quarter on strong foreign demand for the island's electronics
Lenovo Returns to Profit on Surging China PC Sales
Lenovo Group, the fourth-largest personal computer maker, said Thursday it rebounded to a quarterly profit from a loss a year earlier
Asian Stocks Rise on Chip Demand Growth
Most Asian markets rose Thursday after a seesaw session on Wall Street, helped by gains in tech stocks after an industry report in Japan
GM Takes First Clear Step toward Fall IPO
General Motors Co. on Wednesday filed the first batch of paperwork required by regulators to sell stock to the public, a step that brings the ...
Levis Tailors Global Brand Launch for Chinese
Jeans maker Levi Strauss & Co. launched a new global brand in China on Wednesday, joining a growing list of companies that hope to crack
Samsung, LG to Boost Dominance in LCD Market
The global LCD market will shrink 2.6% in the first half of 2011 to a total of about $44 bil., reported U.S.-based DisplaySearch.
Hiring Slows Leaving Jobless Rate Unchanged
Companies showed a lack of confidence about hiring for a third straight month in July, making it likely the economy will grow more slowly
World Stocks Slip on Fears China's Growth Slowing
World markets fell Tuesday amid signs China's economy is losing steam and ahead of a Federal Reserve meeting that will be watched closely
Chrysler Posts First Operating Profit Since 2007
A year after emerging from bankruptcy protection, Chrysler Group LLC said Monday that growing car and truck sales helped it narrow
Hawaii Sugar Growers Spearhead U.S. Biofuel Push
The federal government has turned to a 130-year-old Hawaii sugar grower for help in powering the Navy and weaning the nation
German Export Growth Signals High-End Recovery
German exports grew by 3.8 percent on the month in June and reached their highest level since late 2008, official data showed Monday
Asian Stocks Mixed on U.S. Jobs, High Yen
Asian stock markets were mixed Monday after a poor U.S. jobs report added to evidence the economic recovery is weakening.
Ousted HP CEO Settles with Sex Harassment Accuser
Ousted Hewlett-Packard Co. CEO Mark Hurd has settled allegations of sexual harassment lodged against him by a female contract worker
Germany Warns of Apple iPhone Security Problems
The German government has warned of serious security flaws in Apple's iPhone, iPad and iPod Touch. The warning may have been prompted
Transocean, Anadarko Surge on BP Plug Success
With BP at a turning point in the Gulf oil spill, other companies with a role in the crisis are seeing their fortunes improve
Washington Post Profits Surge on Education Growth
The Washington Post Co. is reporting a surge in second-quarter earnings, helped by a big jump in profits at its education division and lower expenses.
U.S. Corn Exports to Boom As China Eats More Meat
China could be about to increase its corn imports, offering American farmers a chance for greater profits but making it likely U.S. meat
China Consumer Confidence Rebounds in July
The Chinese spent more in July as inflationary pressures eased on falling food prices, according to the Bankcard Consumer Confidence Index (BCCI)
Cable, Satellite TV Thrives on Robust Demand
Consumers are feeling more confident about spending on small luxuries such as premium cable services and pay-per-view, propelling the earnings
Retailers Report Mostly Modest Gains in July
Deep discounts on summer leftovers and hot weather drove shoppers into malls in July, but they remained choosy, resulting in only modest gains.
New Jobless Claims Rise to 479,000
Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies
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