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Business

Chain Restaurants Compete to Lure Elusive Diners

Fortunes at chain restaurants are tumbling, the fallout from a strategy of slashing menu prices in the hopes that a cheap meal will be enough ...

Qi Lu Announces Microsoft Search Deal with Twitter

Microsoft Corp. has picked up a new weapon in its Internet search duel with Google — full access to Twitter's communications hotbed. The partnership announced ...

Motorola Cliq May Impress Some As "Sick"

Imagine how you'd feel if you peaked in middle school. That's pretty much what happened to cell phone maker Motorola Inc., which had a megahit ...

Comcast to Debut Shows Online for Subscribers

You'll be able to watch popular cable television series such as HBO's "Entourage" and AMC's "Mad Men" on your computer by the end of the ...

Baidu Q3 Profits Jump 42% but Outlook Soft

Baidu Inc., which runs China's leading Internet search engine, said Monday that its third-quarter profit jumped 42 percent as revenue from online marketing services climbed.

Bill Zeroes in on Overseas Tax-Dodge Schemes

Key lawmakers unveiled a bill Tuesday aiming to crack down on wealthy tax dodgers hiding money overseas.

IBM Adds $5 Bil. to Share Buyback Program

IBM Corp. has boosted its stock buyback program by $5 billion, a sign of the company's ability to spit out cash despite the fact the ...

Nissan Unveils New Platform for Global Minicars

It has become a vexing, billion-dollar question for the world's automakers: How do you build small, cheap cars profitably?

Honda Avoids Loss, Forecasts Surprising Profits

Japanese government incentives for green cars and strong sales in China helped Honda Motor Co. avoid red ink for the first half and raise its ...

Newspapers Report Record Circulation Losses

Circulation at newspapers shrank at an accelerated pace in the past six months, driven in part by stiff price increases imposed by publishers scrambling to ...

Recession Over but Suffering Continues

It's about to become official: The recession is over — but not the pain. The government will release figures this week expected to show that ...

Hertz Boosts Earnings Guidance for 2009

Hertz Global Holdings Inc. on Monday raised its earnings guidance for the year by more than 40 percent

Asian Stocks Drop on Doubts Over U.S. Recovery

Asian stocks retreated Tuesday, following losses on Wall Street amid rising concerns the markets have gotten ahead of economic realities. European markets gained modestly.

GM Names New Sales Chief As U.S. Market Share Erodes

Less than a week after reporting a sharp drop in September sales, GM said its U.S. sales chief is leaving as the automaker struggles to ...

Dollar Rises After Hitting 14-Month Low

The dollar reversed direction after hitting a 14-month low against the euro in volatile trading Monday after a regional Chinese central bank researcher argued for ...

Corning Profits Slip but TV Glass Demand Rises

Corning Inc. said Monday that demand is rebounding for its flat-screen television glass but the specialty glass maker's third-quarter profit fell 16 percent from a ...

Netflix to Stream Movies Through PlayStation 3

PlayStation 3 owners will soon be able to stream movies and TV shows from Netflix to their TVs using the gaming console, just as Xbox ...

3-D Likely to Be Next Big Home TV Upgrade

Fans scrambled to see 3-D movies such as "Cloudy with a Chance of Meatballs" in theaters this year and new 3-D televisions could soon have ...

Internet to Expand with Non-Latin Domain Names

The Internet is set to undergo one of the biggest changes in its four-decade history with the expected approval this week of international domain names ...

S. Korea Economy Grew at Fastest Pace in 7 Years

South Korea's economy grew at its fastest pace in over seven years in the third quarter amid strength in manufacturing and capital spending as Asian ...

Capmark Files for Chapter 11 Protection

Capmark Financial Group, one of the nation's largest commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt.

Record NYC Real Estate Deal Looms As Record Bust

It was the most expensive real estate deal in U.S. history. Now it's poised to become one of the biggest flops. At the height of ...

Manufacturers Lead Growth With Broad-Based Gains

Signaling that manufacturers are leading the economy into a recovery, output from the nation's factories, mines and utilities posted widespread gains in August. In a ...

Arena's Obesity Drug Effective but Disappointing

Arena Pharmaceuticals Inc. says its obesity drug candidate lorcaserin succeeded in a clinical study, but the drug did not appear to be as effective as ...

Housing, Jobless Data Show Fragile Recovery

Adding to evidence the recession has ended, housing construction rose in August and fewer laid-off workers sought jobless aid last week. Still, the reports suggested ...

World's Carmakers All Aboard Electric Bandwagon

The race is on among the world's auto companies to make electric cars go farther on a single charge, bring the price down to compete ...

U.S. Net Worth Grew for First Time Since 2007

Americans' wealth rose this spring for the first time in nearly two years, with stocks and home values gaining as the recession faded. Still, household ...

New Jobless Claims Rose Last Week

The number of newly laid-off workers seeking unemployment benefits likely rose last week, evidence that jobs remain scarce. Wall Street economists forecast that first-time claims ...

Kodak to Shore Up Balance Sheet with Capital Infusion

Eastman Kodak Co. said Wednesday it expects to raise up to $700 million through a series of debt sales in an effort to shore up ...

China's BYD Sets Sights on Overtaking Toyota

Fast-growing Chinese battery and automaker BYD Co. is thinking big — really big. It aims to overtake Toyota Motor Co. to become the global auto ...

Asia Markets at New Highs for Year

Asian stock markets climbed to new highs for the year Thursday after strong U.S. industrial production data boosted confidence the world's largest economy is growing ...

Google to Turn Digital Library into Paperbacks

Google Inc. is giving 2 million books in its digital library a chance to be reincarnated as paperbacks. As part of a deal announced Thursday, ...

Stocks Resume Rally After Brief Break

Investors popped the stock market's rally back in gear Friday after analyst upgrades boosted their optimism about the economy. A 36-point advance in the Dow ...

World Markets Surge on End to U.S. Recession

World stock markets rallied Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. recession was likely over, a view largely supported by recent economic ...

Financial Reform Push Gives Way to Inertia, Complacency

The rule book for Wall Street may not change that much after all. Tougher financial rules that seemed inevitable after last year's crisis have been ...

Cablevision Debuts Interactive Ads on TV

Cablevision Systems Corp. is bringing interactive banner ads to television, allowing viewers to order samples and brochures and even purchase products by clicking the remote ...

IRS Eases Commercial Mortgage Refinancing Rules

The IRS issued new rules Tuesday designed to make it easier to refinance some commercial real estate loans in an effort to curb the number ...

Shane Kim to Retire from 14-Year Post As Xbox Guru

Shane Kim, the Microsoft Corp. executive who oversaw the growth of its video game business from the original Xbox and through such hits as "Halo" ...

Retail, Manufacturing Data Boost Wall Street

Investors waded deeper into the stock market Tuesday as a batch of economic reports provided mostly upbeat signals about the economy. Retail sales jumped in ...

Japan Air Lines Hopes to Conclude Merger Talks Soon

Struggling Japan Airlines Corp. said Tuesday it aims to conclude tie-up talks with foreign carriers by mid-October and announced plans to slash 14 percent of ...

August Retail Sales Up Mainly on Auto, Gas

Consumers bought hundreds of thousands of cars in August due mainly to the government's popular Cash for Clunkers program, but economists expect Americans didn't boost ...

10 Mil. Jobs Would Reward Climate Action Says Blair

Former British Prime Minister Tony Blair says he hopes to break the "deadlock" in global climate talks with evidence that 10 million jobs could be ...

World Stocks Gain on Upbeat Asia Assessment

European stock markets followed Asia higher on Tuesday after the Asian Development Bank upgraded its growth forecasts for major economies like China and India and ...

Suntory Bids $2.7 Bil. for European Drink Maker Orangina

Japan's Suntory Holdings has made a binding offer to buy European drink maker Orangina from private equity firms Blackstone and Lion Capital, the equity firms ...

Singapore Cuts Citigroup Holdings to Below 5%

A Singapore sovereign wealth fund said Tuesday it has cut its stake in Citigroup Inc. from 9 percent to below 5 percent, reducing its holding ...

Facebook Scraps Beacon Tracking to Settle Lawsuits

Facebook is shutting down its much-maligned Beacon marketing program, launched nearly two years ago amid fanfare only to generate a storm of privacy complaints over ...

August Leading Indicators Higher Than Forecast

A private forecast of economic activity rose in August for the fifth straight month, the latest sign the recession has ended. The Conference Board said ...

Dell to Buy Perot Systems for $3.9

Dell Inc. plans to buy the technology services company Perot Systems Corp. for about $3.9 billion as it tries to expand beyond the PC business ...

Intel's Hardball Sales Tactics Detailed by EU

The European Union on Monday published e-mail excerpts from computer makers and Intel Corp. to show that Intel pressured chip buyers into choosing Intel over ...

Emmies Show Acknowledges Decline of TV

A year after its least-watched telecast ever, the Emmy Awards plaintively acknowledged TV's changing role in the Internet age, bringing a collective sense of reckoning ...