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 ...
Business
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.
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 ...
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.
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 ...
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. ...
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.
Federal Deficit Hits New Record in October
The federal deficit hit a record for October as the new budget year began where the old one ended: with the government awash in red ...
Boeing Fixes 787 Flaws, Vows Test Flight by Yearend
Boeing Co. said Thursday it has finished fixing structural flaws in the first of its long-delayed 787 jetliners.
China Signals Intention to Let Yuan Rise
The dollar edged up in trading against other currencies Thursday as the Chinese government appeared to signal that it may be willing to let the ...
Intel Settles AMD Dispute for $1.25 Bil., Faces Charges
Intel Corp. is paying Silicon Valley rival Advanced Micro Devices Inc. $1.25 billion to squash a legal battle over Intel's sales tactics,
China Automotive Systems Sees Profits Surge
China Automotive Systems Inc., which makes power steering components, said Thursday that third-quarter profit rose sharply on a boost in sales of components
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
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
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 ...
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
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, ...
Strong GDP Growth, Weak Dollar Drive Up Commodities
Commodities prices rebounded Thursday, buoyed by a falling dollar and a stronger-than-expected reading on the economy.
Ford Reports $1 Bil. Q3 Profits
Ford Motor Co. earned $1 billion in the third quarter, fueled by U.S. market share gains, cost cuts and the government's Cash for Clunkers rebates.
Equipment Spending Growth Boosts Eonomy
Businesses are finally willing to spend more money on equipment, a healthy sign for the economic recovery.
China's Manufacturing Grows for 8th Straight Month
China's manufacturing sector expanded for the eighth straight month in October, pointing to further signs that the recovering economy is on firmer ground
AIG Scraps Plans to Sell Japanese Units
American International Group Inc. has dropped plans to sell two Japanese subsidiaries, according to a published report
China's Small-Cap Market Opens for Trading
A new Chinese stock exchange meant to nurture small and high-tech enterprises, modeled on the U.S.-based Nasdaq market
Samsung Profits Triple on Booming Sales
Samsung Electronics Co. said third-quarter net profit tripled to a record amid higher prices for computer memory chips and increased sales of consumer products
iPhone Reaches China Without WiFi Access
Apple's iPhone is making its long-awaited formal debut in the world's most populous mobile phone market, without a key feature and at higher prices
Japan Jobless Rate Falls for 2nd Straight Month
Japan's unemployment rate fell for the second straight month as companies gained more confidence in the stimulus-fueled global recovery but prices continued to tumble
Global Chip Sales Improve, Still Below 2008 Levels
Global semiconductor sales continued to improve in the third quarter, according to an industry trade group, though revenue remains below year-ago levels.
Consumers Return to Pricier Name Brands
Signs of an improving economy might be in your kitchen or bathroom cupboards. Consumers are showing a willingness to pay a little more
China to Invest $1.5 Bil. in Texas Wind Farm
China took a big leap into the U.S. renewable energy market Thursday, putting up $1.5 billion for a 36,000-acre wind farm in Texas with the ...
Hawaii Gov to Woo Big Spenders from China
Gov. Linda Lingle will leave on Friday for a two-week excursion to China where she intends to sell Hawaii as a tourism destination and to ...
Alcoa Working with China on Jetliner Development
Alcoa Inc. said Thursday it is working with China on the development of the country's newest and biggest commercial jetliner.
Asia Stocks Continue Slide on Weak U.S. Data
Asian stock markets fell for a third day Thursday after signs of weakness in the U.S. housing market added to fears about the health of ...
Oil Prices Slump on Surprising Gas Supplies
Oil prices hung below $78 a barrel Thursday in Asia as an unexpected jump in U.S. gasoline supplies cast doubt on the strength of a ...
Q3 Data to Show Recession Ended but Doubts Persist
The economy appears back on its feet after being knocked over by the worst recession since the 1930s.
CIT Group Gets $4.5 Bil. More to Restructure Debt
CIT Group Inc., one of the nation's largest lenders to small and mid-sized businesses, said Wednesday it received $4.5 billion in credit from its own ...
Sales Data Show Auto Industry Stabilizing
After months of roller-coaster results, the U.S. auto industry showed signs of stability in October.
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 ...
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.
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 ...
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.
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 ...
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. ...
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.
Federal Deficit Hits New Record in October
The federal deficit hit a record for October as the new budget year began where the old one ended: with the government awash in red ...
Boeing Fixes 787 Flaws, Vows Test Flight by Yearend
Boeing Co. said Thursday it has finished fixing structural flaws in the first of its long-delayed 787 jetliners.
China Signals Intention to Let Yuan Rise
The dollar edged up in trading against other currencies Thursday as the Chinese government appeared to signal that it may be willing to let the ...
Intel Settles AMD Dispute for $1.25 Bil., Faces Charges
Intel Corp. is paying Silicon Valley rival Advanced Micro Devices Inc. $1.25 billion to squash a legal battle over Intel's sales tactics,
China Automotive Systems Sees Profits Surge
China Automotive Systems Inc., which makes power steering components, said Thursday that third-quarter profit rose sharply on a boost in sales of components
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
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
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 ...
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
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, ...
Strong GDP Growth, Weak Dollar Drive Up Commodities
Commodities prices rebounded Thursday, buoyed by a falling dollar and a stronger-than-expected reading on the economy.
Ford Reports $1 Bil. Q3 Profits
Ford Motor Co. earned $1 billion in the third quarter, fueled by U.S. market share gains, cost cuts and the government's Cash for Clunkers rebates.
Equipment Spending Growth Boosts Eonomy
Businesses are finally willing to spend more money on equipment, a healthy sign for the economic recovery.
China's Manufacturing Grows for 8th Straight Month
China's manufacturing sector expanded for the eighth straight month in October, pointing to further signs that the recovering economy is on firmer ground
AIG Scraps Plans to Sell Japanese Units
American International Group Inc. has dropped plans to sell two Japanese subsidiaries, according to a published report
China's Small-Cap Market Opens for Trading
A new Chinese stock exchange meant to nurture small and high-tech enterprises, modeled on the U.S.-based Nasdaq market
Samsung Profits Triple on Booming Sales
Samsung Electronics Co. said third-quarter net profit tripled to a record amid higher prices for computer memory chips and increased sales of consumer products
iPhone Reaches China Without WiFi Access
Apple's iPhone is making its long-awaited formal debut in the world's most populous mobile phone market, without a key feature and at higher prices
Japan Jobless Rate Falls for 2nd Straight Month
Japan's unemployment rate fell for the second straight month as companies gained more confidence in the stimulus-fueled global recovery but prices continued to tumble
Global Chip Sales Improve, Still Below 2008 Levels
Global semiconductor sales continued to improve in the third quarter, according to an industry trade group, though revenue remains below year-ago levels.
Consumers Return to Pricier Name Brands
Signs of an improving economy might be in your kitchen or bathroom cupboards. Consumers are showing a willingness to pay a little more
China to Invest $1.5 Bil. in Texas Wind Farm
China took a big leap into the U.S. renewable energy market Thursday, putting up $1.5 billion for a 36,000-acre wind farm in Texas with the ...
Hawaii Gov to Woo Big Spenders from China
Gov. Linda Lingle will leave on Friday for a two-week excursion to China where she intends to sell Hawaii as a tourism destination and to ...
Alcoa Working with China on Jetliner Development
Alcoa Inc. said Thursday it is working with China on the development of the country's newest and biggest commercial jetliner.
Asia Stocks Continue Slide on Weak U.S. Data
Asian stock markets fell for a third day Thursday after signs of weakness in the U.S. housing market added to fears about the health of ...
Oil Prices Slump on Surprising Gas Supplies
Oil prices hung below $78 a barrel Thursday in Asia as an unexpected jump in U.S. gasoline supplies cast doubt on the strength of a ...
Q3 Data to Show Recession Ended but Doubts Persist
The economy appears back on its feet after being knocked over by the worst recession since the 1930s.
CIT Group Gets $4.5 Bil. More to Restructure Debt
CIT Group Inc., one of the nation's largest lenders to small and mid-sized businesses, said Wednesday it received $4.5 billion in credit from its own ...
Sales Data Show Auto Industry Stabilizing
After months of roller-coaster results, the U.S. auto industry showed signs of stability in October.
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 ...
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