Saks Surprises with Q3 Profits
Luxury retailer Saks Inc. eked out a profit for the first time in six quarters, even though its sales fell, by trimming expenses and scaling ...
Business
Stocks Surge on Positive Jobs Data, Cisco Forecast
A drop in unemployment claims and an upbeat forecast from Cisco Systems Inc. gave investors a jolt of confidence a day before a key government ...
Northrop Sells TASC to Fund Stock Buyback Increase
Northrop Grumman said Sunday it agreed to sell its advisory services business TASC Inc. to private equity firm General Atlantic LLC and affiliates of Kohlberg ...
Fry's, Safeway Prepare for Possible Strike
In less than a week, unionized workers at two Arizona grocery store chains may be walking a picket line instead of stocking shelves and cutting ...
Unemployed Suffer More Now Than in 1982
It hurts more to be unemployed now than the last time the jobless rate hit 10 percent.
India Hopes to Top 7% Growth Rate in 2010
The Indian government is pushing ahead with economic reforms aimed at achieving a growth rate of more than 7 percent next year but will make ...
CBS Sees Ad Sales Bouncing Back
The sale of popular TV shows partly offset a drop in third-quarter advertising revenue at CBS Corp. but the company said ad trends are improving ...
Recovery Won't Keep Unemployment from Passing 10%
The economy is rebounding from its deepest slump since the 1930s, but it probably won't seem that way when the government releases its monthly employment ...
AIG Posts Profit for 2nd Consecutive Quarter
AIG says it was profitable for the second straight quarter as its core insurance operations continue to stabilize after being bailed out by the government ...
World Unemployment Up Despite Emerging Recovery
Despite signs of an economic revival gathering pace around the globe, the millions of people laid off during the worst recession in 70 years are ...
Starbucks Sees More Customers Spending More
More people are visiting Starbucks Corp. coffee shops this year than last, and they're spending more money when they do, an executive said Thursday.
China Car Sales Jump 72% in October
Powered by tax cuts and stimulus spending, China's October auto sales soared 72 percent from a year earlier, outpacing U.S. sales for another month
Panasonic Opens Bid to Take Over Sanyo
Panasonic Corp. said Thursday it has started its bid to take over smaller rival Sanyo Electric Co. for an estimated 402 billion yen ($4.4 billion), ...
Cisco Forecasts 1st Revenue Growth in Year
Cisco Systems Inc. doesn't want Wall Street to interpret its forecast for its first quarterly revenue growth in a year as evidence that the U.S. ...
Toyota Announces Surprise Profits, Ups Forecast
Toyota Motor Corp. announced Thursday a surprise profit last quarter and trimmed its projected red ink for the year, underlining the gradual recovery
China Partners with Statoil in Gulf Licenses
Norwegian oil company Statoil ASA agreed last month to sell part of its interests in the U.S. Gulf of Mexico to the China National Offshore ...
Windows 7 Sales Fantastic in Japan Says Ballmer
Sales of Microsoft Corp.'s new Windows 7 operating system have been "fantastic" in Japan since its launch last month, CEO Steve Ballmer said Thursday.
PayPal May Soon Overshadow Parent eBay
Most people know eBay Inc. for its online marketplace, where deals abound on everything from gadgets to antique furniture. But soon, eBay's biggest business will ...
GM Decision to Keep Opel Arouses Indignation
Workers at automaker Opel planned walkouts to protest General Motor Co.'s decision not to sell the European subsidiary, while Germany's government vowed Wednesday to recover ...
Nissan Returns to Profit on China Sales Growth
Struggling Japanese automaker Nissan Motor Co. said Wednesday it climbed back into the black in the latest quarter and predicted a smaller yearly loss
U.S. Recovery Threatened by Unemployment Says World Bank
Stubbornly high joblessness threatens to trigger loan defaults and drag on consumption next year, hobbling a U.S. economy struggling to rebound from recession
Macy's Posts Smaller Loss, Raises Outlook
Macy's Inc.'s third-quarter loss shrunk as tight inventory controls and a move to localize merchandise at its department stores by region paid off.
HP Moves into Networking with $2.7 Bil. 3Com Buy
Hewlett-Packard Co. said Wednesday it is buying the 3Com Corp. networking company for $2.7 billion, the latest move by the world's No. 1 personal computer ...
Applied Materials to Cut At Least 1,300 Jobs
Applied Materials Inc. said Wednesday that fiscal fourth-quarter net income fell by 40 percent and announced it would cut 1,300 to 1,500 jobs
ExpressJet Reports 8% Traffic Increase
ExpressJet Holdings Inc. said traffic on its airlines rose 8 percent and planes were more full in October than they were a year ago.
Small Businesses Cut Costs with Home Workers
There's a downsizing trend under way at many small businesses: Moving to smaller offices because of shrinking staffs and as more workers telecommute.
U.S. Feared on Course to Repeat Japan's Lost Decade
Heavy government stimulus spending and near-zero interest rates did little to end a "lost decade" of stagnation and mushrooming debt in Japan. Some economists
Asian Stocks Rise on Growth in China, Japan
Asian stock markets were mostly higher Wednesday after figures from China and Japan showed the region's two biggest economies were on track
China Consumer Growth Offsets Export Decline
The slump in China's exports eased last month as industrial output and retail sales rose sharply, the government said Wednesday, showing that recovery in the ...
California Squeezes into Europe's Olive Oil Monopoly
An oil boom is under way in California's agricultural heartland, as evolving tastes and a trend toward healthy fare have transformed a profession
GM Chief Engineer Relieved Opel Staying with GM
When General Motors Co.'s board halted the sale of the company's European car business last week, no one was happier than the automaker's chief engineer.
Adobe to Cut 680 Full-Time Jobs
dobe Systems said Tuesday it is cutting 680 full-time jobs, or about 9 percent of its work force, to align costs with its fiscal 2010 ...
New England Recovery Slower Than Nation's
The worst of the recession may be over, but a new economic forecast points to a "slow and weak recovery" in the New England states, ...
Asia Stocks Rise on Wall Street Surge
Asian stocks extended their gains Tuesday after Wall Street touched its highest level for 2009 amid optimism low interest rates would continue to power this ...
Cisco Systems Borrows $5 Bil.to Fuel Buying Binge
Cisco Systems Inc., the world's largest maker of computer networking equipment, said Monday it will sell three series of senior unsecured notes worth a total ...
Sprint to Cut Up to 2,500 Jobs
Sprint Nextel Corp. on Monday said it will cut 2,000 to 2,500 jobs, mostly before the end of the year, as it keeps losing subscribers.
Google to Buy Ad Mob for $750 Mil.
Google Inc. is stepping up its push to sell advertising on cell phones, announcing a deal Monday to buy a mobile ad network, AdMob, for ...
World Markets Boosted by G-20 Stimulus Pledge
World stock markets rose Monday and the dollar fell sharply against the euro after the Group of 20 leading rich and developing countries agreed to ...
Fed Assessment Buoys Stocks
The stock market struggled but held its ground Wednesday as an upbeat assessment of the economy from the Federal Reserve offset drops
United Airlines Traffic Rose 1.8% in November
United Airlines said Thursday that its traffic rose 1.8 percent in November. That plus a smaller fleet added up to planes that were 80.2 percent ...
Content Takes Center Stage in New Media Landscape
Comcast Corp. is buying control of NBC Universal from GE largely because Comcast wants to own more movies and TV shows.
New York City's Fiscal Prospects Surprisingly Bright
New York City's fiscal picture is brighter than it has been in a long time, according to a new report that projects fewer job losses, ...
Service Sector, Retail Sales Data Suggest Bumpy Recovery
Further evidence that the economic recovery will be a slow and bumpy one emerged Thursday with reports that service sector activity and retail sales unexpectedly
Comcast Faces Antitrust Hurdles to Complete NBC Deal
Comcast Corp. will likely have to accept substantial conditions if the cable TV provider wants to win regulatory approval for control of NBC
American Offers $1.1 to Woo Japan Airlines
American Airlines upped the ante in the tug-of-war over Japan Airlines, vowing Thursday to lead a $1.1 billion investment in the struggling carrier
Peugeot Citroen in Talks to Acquire Mitsubishi
French carmaker PSA Peugeot Citroen said Thursday it is in talks with Mitsubishi Motors Corp. that could lead to a "strategic partnership."
World Markets Buoyed by BOA TARP Repayment Plan
World stock markets rose Thursday, with Japan's Nikkei up around 4 percent, after Bank of America Corp. said it will repay $45 billion
BOA to Repay TARP $45 Bil. Within Days
Bank of America Corp. said Wednesday it plans to repay its $45 billion in government bailout funds in the next few days
American Eagle Traffic Jumped 11.7% in November
American Eagle, which does regional flying for American Airlines, flew fuller planes in November as traffic jumped 11.7 percent, outstripping an 6.8 percent
Hyundai Unveils Sleeker, More Efficient Sonata
Hyundai Motor Co.'s sales gain in the U.S. should get another boost early next year with the introduction of an all-new midsize Sonata.
Saks Surprises with Q3 Profits
Luxury retailer Saks Inc. eked out a profit for the first time in six quarters, even though its sales fell, by trimming expenses and scaling ...
Stocks Surge on Positive Jobs Data, Cisco Forecast
A drop in unemployment claims and an upbeat forecast from Cisco Systems Inc. gave investors a jolt of confidence a day before a key government ...
Northrop Sells TASC to Fund Stock Buyback Increase
Northrop Grumman said Sunday it agreed to sell its advisory services business TASC Inc. to private equity firm General Atlantic LLC and affiliates of Kohlberg ...
Fry's, Safeway Prepare for Possible Strike
In less than a week, unionized workers at two Arizona grocery store chains may be walking a picket line instead of stocking shelves and cutting ...
Unemployed Suffer More Now Than in 1982
It hurts more to be unemployed now than the last time the jobless rate hit 10 percent.
India Hopes to Top 7% Growth Rate in 2010
The Indian government is pushing ahead with economic reforms aimed at achieving a growth rate of more than 7 percent next year but will make ...
CBS Sees Ad Sales Bouncing Back
The sale of popular TV shows partly offset a drop in third-quarter advertising revenue at CBS Corp. but the company said ad trends are improving ...
Recovery Won't Keep Unemployment from Passing 10%
The economy is rebounding from its deepest slump since the 1930s, but it probably won't seem that way when the government releases its monthly employment ...
AIG Posts Profit for 2nd Consecutive Quarter
AIG says it was profitable for the second straight quarter as its core insurance operations continue to stabilize after being bailed out by the government ...
World Unemployment Up Despite Emerging Recovery
Despite signs of an economic revival gathering pace around the globe, the millions of people laid off during the worst recession in 70 years are ...
Starbucks Sees More Customers Spending More
More people are visiting Starbucks Corp. coffee shops this year than last, and they're spending more money when they do, an executive said Thursday.
China Car Sales Jump 72% in October
Powered by tax cuts and stimulus spending, China's October auto sales soared 72 percent from a year earlier, outpacing U.S. sales for another month
Panasonic Opens Bid to Take Over Sanyo
Panasonic Corp. said Thursday it has started its bid to take over smaller rival Sanyo Electric Co. for an estimated 402 billion yen ($4.4 billion), ...
Cisco Forecasts 1st Revenue Growth in Year
Cisco Systems Inc. doesn't want Wall Street to interpret its forecast for its first quarterly revenue growth in a year as evidence that the U.S. ...
Toyota Announces Surprise Profits, Ups Forecast
Toyota Motor Corp. announced Thursday a surprise profit last quarter and trimmed its projected red ink for the year, underlining the gradual recovery
China Partners with Statoil in Gulf Licenses
Norwegian oil company Statoil ASA agreed last month to sell part of its interests in the U.S. Gulf of Mexico to the China National Offshore ...
Windows 7 Sales Fantastic in Japan Says Ballmer
Sales of Microsoft Corp.'s new Windows 7 operating system have been "fantastic" in Japan since its launch last month, CEO Steve Ballmer said Thursday.
PayPal May Soon Overshadow Parent eBay
Most people know eBay Inc. for its online marketplace, where deals abound on everything from gadgets to antique furniture. But soon, eBay's biggest business will ...
GM Decision to Keep Opel Arouses Indignation
Workers at automaker Opel planned walkouts to protest General Motor Co.'s decision not to sell the European subsidiary, while Germany's government vowed Wednesday to recover ...
Nissan Returns to Profit on China Sales Growth
Struggling Japanese automaker Nissan Motor Co. said Wednesday it climbed back into the black in the latest quarter and predicted a smaller yearly loss
U.S. Recovery Threatened by Unemployment Says World Bank
Stubbornly high joblessness threatens to trigger loan defaults and drag on consumption next year, hobbling a U.S. economy struggling to rebound from recession
Macy's Posts Smaller Loss, Raises Outlook
Macy's Inc.'s third-quarter loss shrunk as tight inventory controls and a move to localize merchandise at its department stores by region paid off.
HP Moves into Networking with $2.7 Bil. 3Com Buy
Hewlett-Packard Co. said Wednesday it is buying the 3Com Corp. networking company for $2.7 billion, the latest move by the world's No. 1 personal computer ...
Applied Materials to Cut At Least 1,300 Jobs
Applied Materials Inc. said Wednesday that fiscal fourth-quarter net income fell by 40 percent and announced it would cut 1,300 to 1,500 jobs
ExpressJet Reports 8% Traffic Increase
ExpressJet Holdings Inc. said traffic on its airlines rose 8 percent and planes were more full in October than they were a year ago.
Small Businesses Cut Costs with Home Workers
There's a downsizing trend under way at many small businesses: Moving to smaller offices because of shrinking staffs and as more workers telecommute.
U.S. Feared on Course to Repeat Japan's Lost Decade
Heavy government stimulus spending and near-zero interest rates did little to end a "lost decade" of stagnation and mushrooming debt in Japan. Some economists
Asian Stocks Rise on Growth in China, Japan
Asian stock markets were mostly higher Wednesday after figures from China and Japan showed the region's two biggest economies were on track
China Consumer Growth Offsets Export Decline
The slump in China's exports eased last month as industrial output and retail sales rose sharply, the government said Wednesday, showing that recovery in the ...
California Squeezes into Europe's Olive Oil Monopoly
An oil boom is under way in California's agricultural heartland, as evolving tastes and a trend toward healthy fare have transformed a profession
GM Chief Engineer Relieved Opel Staying with GM
When General Motors Co.'s board halted the sale of the company's European car business last week, no one was happier than the automaker's chief engineer.
Adobe to Cut 680 Full-Time Jobs
dobe Systems said Tuesday it is cutting 680 full-time jobs, or about 9 percent of its work force, to align costs with its fiscal 2010 ...
New England Recovery Slower Than Nation's
The worst of the recession may be over, but a new economic forecast points to a "slow and weak recovery" in the New England states, ...
Asia Stocks Rise on Wall Street Surge
Asian stocks extended their gains Tuesday after Wall Street touched its highest level for 2009 amid optimism low interest rates would continue to power this ...
Cisco Systems Borrows $5 Bil.to Fuel Buying Binge
Cisco Systems Inc., the world's largest maker of computer networking equipment, said Monday it will sell three series of senior unsecured notes worth a total ...
Sprint to Cut Up to 2,500 Jobs
Sprint Nextel Corp. on Monday said it will cut 2,000 to 2,500 jobs, mostly before the end of the year, as it keeps losing subscribers.
Google to Buy Ad Mob for $750 Mil.
Google Inc. is stepping up its push to sell advertising on cell phones, announcing a deal Monday to buy a mobile ad network, AdMob, for ...
World Markets Boosted by G-20 Stimulus Pledge
World stock markets rose Monday and the dollar fell sharply against the euro after the Group of 20 leading rich and developing countries agreed to ...
Fed Assessment Buoys Stocks
The stock market struggled but held its ground Wednesday as an upbeat assessment of the economy from the Federal Reserve offset drops
United Airlines Traffic Rose 1.8% in November
United Airlines said Thursday that its traffic rose 1.8 percent in November. That plus a smaller fleet added up to planes that were 80.2 percent ...
Content Takes Center Stage in New Media Landscape
Comcast Corp. is buying control of NBC Universal from GE largely because Comcast wants to own more movies and TV shows.
New York City's Fiscal Prospects Surprisingly Bright
New York City's fiscal picture is brighter than it has been in a long time, according to a new report that projects fewer job losses, ...
Service Sector, Retail Sales Data Suggest Bumpy Recovery
Further evidence that the economic recovery will be a slow and bumpy one emerged Thursday with reports that service sector activity and retail sales unexpectedly
Comcast Faces Antitrust Hurdles to Complete NBC Deal
Comcast Corp. will likely have to accept substantial conditions if the cable TV provider wants to win regulatory approval for control of NBC
American Offers $1.1 to Woo Japan Airlines
American Airlines upped the ante in the tug-of-war over Japan Airlines, vowing Thursday to lead a $1.1 billion investment in the struggling carrier
Peugeot Citroen in Talks to Acquire Mitsubishi
French carmaker PSA Peugeot Citroen said Thursday it is in talks with Mitsubishi Motors Corp. that could lead to a "strategic partnership."
World Markets Buoyed by BOA TARP Repayment Plan
World stock markets rose Thursday, with Japan's Nikkei up around 4 percent, after Bank of America Corp. said it will repay $45 billion
BOA to Repay TARP $45 Bil. Within Days
Bank of America Corp. said Wednesday it plans to repay its $45 billion in government bailout funds in the next few days
American Eagle Traffic Jumped 11.7% in November
American Eagle, which does regional flying for American Airlines, flew fuller planes in November as traffic jumped 11.7 percent, outstripping an 6.8 percent
Hyundai Unveils Sleeker, More Efficient Sonata
Hyundai Motor Co.'s sales gain in the U.S. should get another boost early next year with the introduction of an all-new midsize Sonata.
Recent Stories
- Tesla Becomes 1st Major Customer for Intel's 14A Chipmaking Process
- Trump Envoy Seeks to Replace Iran with Italy in World Cup
- Musk Warns of Likely SpaceX Chip Shortage, Aims to Make GPUs In-House
- South Korea's Q1 GDP Growth Roars Past Market on AI Chip Demand
- Xpeng to Begin Delivering Flying Cars in 2027
Asian American Success Stories
- Asian American Polls
- Asian American Parenting
- Personalities
- Identity
- The 130 Most Inspiring Asian Americans of All Time
- 12 Most Brilliant Asian Americans
- Greatest Asian American War Heroes
- Asian American Digital Pioneers
- New Asian American Imagemakers
- Asian American Innovators
- The 20 Most Inspiring Asian Sports Stars
- 5 Most Daring Asian Americans
- Surprising Superstars
- TV’s Hottest Asians
- 100 Greatest Asian American Entrepreneurs
- Asian American Wonder Women