Fed Ships Dollars to Europe to Help Contain Crisis
The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on ...
Business
Dish May Have to Shut Down 7.3 Mil. DVRs
Dish Network Corp. reported a 26 percent drop in first-quarter net income as the satellite TV company stepped up promotions to reel in customers.
Sprint Joins Verizon in Jilting Google's Nexus One
Sprint Nextel has had a change of heart and scrapped its plans to back Google's Nexus One mobile phone.
Car Czar Thinks Taxpayers Can Get $40 Bil. from GM
The U.S. government could get back $40 billion of its $50 billion investment in General Motors Co., and the difference will have been well spent
Chrysler Moving Swiftly toward Profitability, IPO
Chrysler Group LLC says its financial performance exceeded its expectations and suggested an initial public offering could come sooner than expected.
Stocks Surge on Euro Defense Efforts
Stocks rocketed higher Monday after European leaders agreed to a nearly $1 trillion rescue plan to avoid a major debt crisis and the U.S. Federal
New Short-Range Wi-Fi to Be 10 Times Faster
The industry group that supports Wi-Fi is adopting a new technology that should boost data speeds more than 10 times at short distances
U.S. Open to More Fines for Toyota
U.S. Transportation Secretary Ray LaHood said Monday that Washington wants to see results from Toyota's efforts to improve safety, and more fines would be imposed ...
European Flights Nearly Back to Normal As Ash Clears
Flights across Europe were operating normally Monday after a plume of volcanic ash that disrupted air traffic and forced some airports to close
EU Sets Up $1 Tril. Package to Defend Euro
The European Union and the International Monetary Fund pledged a massive nearly $1 trillion defense package for the embattled euro Monday
China Inflation at Worrisome 2.8% on Food Price Surge
China's inflation accelerated to 2.8 percent in April, driven by a jump in politically sensitive food prices, adding to pressure for Beijing to cool its ...
No Cyber Attack Behind Thurs Selloff Says White House
The White House's homeland security and counterterrorism adviser says there is no evidence that a cyber attack was behind the chaos
Nokia Files New Patent Claim Against Apple iPad
Finnish cell phone maker Nokia Corp. said Friday that it has extended its patent-infringement claims against Apple Inc. to include the new iPad.
Spain Barely Emerges from Recession
Spain's economy grew in the first three months of 2010, putting an end to six quarters of recession, the Bank of Spain said Friday.
Panasonic Cuts Losses As Global Sales Recover
Panasonic slashed its losses for the January-March quarter to just under $1 billion as the world's biggest maker of plasma TVs benefited from a recovery
German Parliament Approves Greek Bailout
The German parliament approved Berlin's share of the rescue package for debt-laden Greece after a boisterous debate Friday in which the finance
290,000 Jobs Added in April but Jobless Rate Rises
More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent
Retailers Encouraged by Solid Spring Shopping
Americans gave retailers a respectable spring selling season, resulting in a slew of stores raising their earnings outlooks.
GM Hires Former Hyundai Marketing Whiz
General Motors Co. has hired the marketing whiz who helped Hyundai nearly double its market share in the U.S.
Nissan Slashes Q1 Loss to $125 Mil.
Nissan's losses for the January-March quarter shrank dramatically as Japan's No. 3 automaker benefited from a global auto recovery
Walgreens Postpones Sales of Genetic Tests
The largest U.S. drugstore chain, Walgreen Co., said Wednesday it will hold off selling what was poised to be the first over-the-counter genetic test
Sony Reports First Yearly Loss on Revenue Drop
Sony Corp. stayed in the red last business year but shrank losses through cost cuts and better sales of consumer electronics.
Asian Stocks Rally on Positive Europe News
Asian stock markets rallied in early trading Thursday on easing worries over Europe's debt crisis after Spain
Cisco Profits Jump 63% on Revenue Rebound
Cisco said Wednesday that its net income for the latest quarter rose 63 percent from last year, as the economic recovery gave customers the confidence
SAP Buys Sybase to Bolster Fight Against Oracle
German business software maker SAP AG has agreed to buy Sybase Inc. in a $5.8 billion deal that ratchets up SAP's rivalry with database leader ...
Another Possible iPhone Prototype Turns Up in Vietnam
Another possible next-generation iPhone prototype has surfaced, this time in Vietnam.
Samsung Life Shares Jump After Record IPO
Samsung Life Insurance shares jumped 10 percent in their first day of trading in South Korea after a $4.3 billion initial public offering that set ...
Macy's Returns to Profits on Localized Merchandising
Macy's Inc. returned to profitability in the first quarter as the department store operator saw sales pick up on efforts to tailor its merchandise
$40 Bil. Trade Deficit Evidences U.S. Rebound
The U.S. trade deficit rose to a 15-month high as rising oil prices pushed crude oil imports to the highest level since the fall of ...
MGM Mirage Posts Loss on CityCenter Writedown
MGM Mirage says a hefty writedown related to its CityCenter joint venture contributed to a loss in the first-quarter.
Microsoft Offers Free Office Apps Online
Microsoft Corp. is rolling out a new edition of its Office programs to businesses Wednesday, and for the first time it's adding versions of Word
Korea Keeps Rate at Record Low Despite 5.2% Growth
South Korea's central bank left its key interest rate at a record low Wednesday for a 15th straight month amid expectations the country's economy
SEC Still Can't Figure Out What Caused Plunge
The head of the Securities and Exchange Commission told a congressional panel Tuesday that regulators need more time to figure
Firefox 4 to Lose Menu Items to Gain Speed
A new version of the popular Firefox browser will come before the end of the year. Firefox 4 will pare down the browser's menus and ...
Toyota Profits Surge on Costcutting, Global Recovery
Toyota cruised back to profit in the latest quarter as the world's top carmaker cut costs and hitched a ride on the global auto sales ...
Stocks Slide in Asia, Europe As Euro Relief Rally Fades
World stocks fell Tuesday as a relief rally triggered by a $1 trillion plan to contain Europe's debt crisis fizzled out.
Samsung Plans $20.6 Bil. New Tech Investments
Samsung said Tuesday it plans to invest 23.3 trillion won ($20.6 billion) over the next decade in technologies including solar cells and medical devices
Toyota Prius Tops Japan Sales for 12th Month
Toyota's Prius hybrid was Japan's top-selling car in April, clinching the No. 1 spot for the 12th straight month.
Steelmaker ArcelorMittal Returns to Profit
ArcelorMittal SA, the world's largest steelmaker, said Thursday it swung to a relatively modest profit of $679 million in the first quarter compared to a ...
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 ...
China Manufacturing Accelerated in April on Domestic Demand
A survey says China's manufacturing accelerated in April as domestic demand increased.
Visa Profits Jump on Consumer Spending Rebound
Revived consumer spending drove Visa Inc.'s fiscal second-quarter profit up 33 percent and the credit and debit card processor forecast strong revenue
Fed Ships Dollars to Europe to Help Contain Crisis
The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on ...
Dish May Have to Shut Down 7.3 Mil. DVRs
Dish Network Corp. reported a 26 percent drop in first-quarter net income as the satellite TV company stepped up promotions to reel in customers.
Sprint Joins Verizon in Jilting Google's Nexus One
Sprint Nextel has had a change of heart and scrapped its plans to back Google's Nexus One mobile phone.
Car Czar Thinks Taxpayers Can Get $40 Bil. from GM
The U.S. government could get back $40 billion of its $50 billion investment in General Motors Co., and the difference will have been well spent
Chrysler Moving Swiftly toward Profitability, IPO
Chrysler Group LLC says its financial performance exceeded its expectations and suggested an initial public offering could come sooner than expected.
Stocks Surge on Euro Defense Efforts
Stocks rocketed higher Monday after European leaders agreed to a nearly $1 trillion rescue plan to avoid a major debt crisis and the U.S. Federal
New Short-Range Wi-Fi to Be 10 Times Faster
The industry group that supports Wi-Fi is adopting a new technology that should boost data speeds more than 10 times at short distances
U.S. Open to More Fines for Toyota
U.S. Transportation Secretary Ray LaHood said Monday that Washington wants to see results from Toyota's efforts to improve safety, and more fines would be imposed ...
European Flights Nearly Back to Normal As Ash Clears
Flights across Europe were operating normally Monday after a plume of volcanic ash that disrupted air traffic and forced some airports to close
EU Sets Up $1 Tril. Package to Defend Euro
The European Union and the International Monetary Fund pledged a massive nearly $1 trillion defense package for the embattled euro Monday
China Inflation at Worrisome 2.8% on Food Price Surge
China's inflation accelerated to 2.8 percent in April, driven by a jump in politically sensitive food prices, adding to pressure for Beijing to cool its ...
No Cyber Attack Behind Thurs Selloff Says White House
The White House's homeland security and counterterrorism adviser says there is no evidence that a cyber attack was behind the chaos
Nokia Files New Patent Claim Against Apple iPad
Finnish cell phone maker Nokia Corp. said Friday that it has extended its patent-infringement claims against Apple Inc. to include the new iPad.
Spain Barely Emerges from Recession
Spain's economy grew in the first three months of 2010, putting an end to six quarters of recession, the Bank of Spain said Friday.
Panasonic Cuts Losses As Global Sales Recover
Panasonic slashed its losses for the January-March quarter to just under $1 billion as the world's biggest maker of plasma TVs benefited from a recovery
German Parliament Approves Greek Bailout
The German parliament approved Berlin's share of the rescue package for debt-laden Greece after a boisterous debate Friday in which the finance
290,000 Jobs Added in April but Jobless Rate Rises
More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent
Retailers Encouraged by Solid Spring Shopping
Americans gave retailers a respectable spring selling season, resulting in a slew of stores raising their earnings outlooks.
GM Hires Former Hyundai Marketing Whiz
General Motors Co. has hired the marketing whiz who helped Hyundai nearly double its market share in the U.S.
Nissan Slashes Q1 Loss to $125 Mil.
Nissan's losses for the January-March quarter shrank dramatically as Japan's No. 3 automaker benefited from a global auto recovery
Walgreens Postpones Sales of Genetic Tests
The largest U.S. drugstore chain, Walgreen Co., said Wednesday it will hold off selling what was poised to be the first over-the-counter genetic test
Sony Reports First Yearly Loss on Revenue Drop
Sony Corp. stayed in the red last business year but shrank losses through cost cuts and better sales of consumer electronics.
Asian Stocks Rally on Positive Europe News
Asian stock markets rallied in early trading Thursday on easing worries over Europe's debt crisis after Spain
Cisco Profits Jump 63% on Revenue Rebound
Cisco said Wednesday that its net income for the latest quarter rose 63 percent from last year, as the economic recovery gave customers the confidence
SAP Buys Sybase to Bolster Fight Against Oracle
German business software maker SAP AG has agreed to buy Sybase Inc. in a $5.8 billion deal that ratchets up SAP's rivalry with database leader ...
Another Possible iPhone Prototype Turns Up in Vietnam
Another possible next-generation iPhone prototype has surfaced, this time in Vietnam.
Samsung Life Shares Jump After Record IPO
Samsung Life Insurance shares jumped 10 percent in their first day of trading in South Korea after a $4.3 billion initial public offering that set ...
Macy's Returns to Profits on Localized Merchandising
Macy's Inc. returned to profitability in the first quarter as the department store operator saw sales pick up on efforts to tailor its merchandise
$40 Bil. Trade Deficit Evidences U.S. Rebound
The U.S. trade deficit rose to a 15-month high as rising oil prices pushed crude oil imports to the highest level since the fall of ...
MGM Mirage Posts Loss on CityCenter Writedown
MGM Mirage says a hefty writedown related to its CityCenter joint venture contributed to a loss in the first-quarter.
Microsoft Offers Free Office Apps Online
Microsoft Corp. is rolling out a new edition of its Office programs to businesses Wednesday, and for the first time it's adding versions of Word
Korea Keeps Rate at Record Low Despite 5.2% Growth
South Korea's central bank left its key interest rate at a record low Wednesday for a 15th straight month amid expectations the country's economy
SEC Still Can't Figure Out What Caused Plunge
The head of the Securities and Exchange Commission told a congressional panel Tuesday that regulators need more time to figure
Firefox 4 to Lose Menu Items to Gain Speed
A new version of the popular Firefox browser will come before the end of the year. Firefox 4 will pare down the browser's menus and ...
Toyota Profits Surge on Costcutting, Global Recovery
Toyota cruised back to profit in the latest quarter as the world's top carmaker cut costs and hitched a ride on the global auto sales ...
Stocks Slide in Asia, Europe As Euro Relief Rally Fades
World stocks fell Tuesday as a relief rally triggered by a $1 trillion plan to contain Europe's debt crisis fizzled out.
Samsung Plans $20.6 Bil. New Tech Investments
Samsung said Tuesday it plans to invest 23.3 trillion won ($20.6 billion) over the next decade in technologies including solar cells and medical devices
Toyota Prius Tops Japan Sales for 12th Month
Toyota's Prius hybrid was Japan's top-selling car in April, clinching the No. 1 spot for the 12th straight month.
Steelmaker ArcelorMittal Returns to Profit
ArcelorMittal SA, the world's largest steelmaker, said Thursday it swung to a relatively modest profit of $679 million in the first quarter compared to a ...
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 ...
China Manufacturing Accelerated in April on Domestic Demand
A survey says China's manufacturing accelerated in April as domestic demand increased.
Visa Profits Jump on Consumer Spending Rebound
Revived consumer spending drove Visa Inc.'s fiscal second-quarter profit up 33 percent and the credit and debit card processor forecast strong revenue
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