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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.

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.

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 ...

Chevron Announces New Gas Find Off Australia

Energy company Chevron Corp. said Sunday it has made an additional discovery of natural gas in the giant Gorgon gas field being developed off the ...

Honda May Move Fit Production to U.S.

Honda Motor Co. says it may move production of the popular Fit hatchback to the U.S. to offset the effects of a stronger yen. Spokesman ...

Morgan Stanley Sells Consumer Unit to Invesco

Morgan Stanley said Tuesday it will sell its retail asset management business, including the Van Kampen division, to money manager Invesco Ltd. for $1.5 billion ...

Apple Earnings Surge 47% on iPhone Sales

Apple Inc. increased its net income 47 percent in the most recent quarter as more people bought Mac computers and gave in to the iPhone ...

Stocks Rise as Earnings Beat Views

Investors found a fresh appetite for stocks Monday after a handful of earnings reports revived hopes that the economy is improving.

JAL Shares Surge on Gov't Rescue Plan

Shares of Japan Airlines surged nearly 12 percent Monday following a report the government is expediting a rescue for the struggling carrier.

China Growth Over 7% for Jan-Sept 2009

China's economy expanded more than 7 percent in the first nine months of the year and will certainly surpass the 2009 growth target of 8 ...

Asia Stocks Rise Eyeing U.S., China Earnings

Asian stock markets were mostly higher Monday as investors looked to bellwether U.S. companies and China for guideposts to the strength of recovery in two ...

Wall Street Awaits Earnings of Consumer Bellwethers

After getting worrisome signs about consumers from bankers' earnings reports, investors will be looking at a broad range of companies this week for further insights ...

Video Game Sales Improve in September

After six straight months of double-digit declines, U.S. video game sales finally saw an improvement in September. But the rebound was much more muted than ...

States Sue Feds for Billions in Unclaimed Savings Bonds

The federal government is facing a lawsuit over billions in unclaimed bonds that date back to the patriotic fundraising efforts of World War II, leading ...

India's Natural Gas Tied Up by Brothers' $17 Bil. Fued

An ashen Anil Ambani, one of the world's richest men, stood before a clutter of television cameras, close to tears. "There is only pain, hurt ...

Peanuts Have Crackerjack Year After Salmonella Scare

Go figure: Food makers processed more peanuts over the past year than nearly any other time on record despite a national salmonella outbreak blamed for ...

China to Open Stock Market for Small Firms

Trading on China's new stock market catering to smaller companies will begin Oct. 23, the chairman of the country's securities regulator said Saturday.

2009 Federal Deficit to Reach $1.4 Tril.

What is $1.42 trillion? It's more than the total national debt for the first 200 years of the Republic, more than the entire economy of ...

U.S. Assets Attract Rising Foreign Demand

Foreign demand for long-term U.S. financial assets rose in August even though China trimmed its holdings of Treasury securities. Foreigners purchased $28.6 billion more

BOA Reports $2.2 Bil. Loss on Rising Bad Loans

Bank of America Corp. says it lost more than $2 billion in the third quarter as its loan losses continued to rise. The nation's second-largest ...

Twitter Launches Japanese Mobile Site

Twitter Inc. now speaks Japanese — and it plans to be multilingual within months. The popular microblogging service launched a Japan-based mobile version Thursday, hoping ...

Obama Shifts Bailout Focus to Small Banks, Businesses

President Barack Obama wants smaller community banks to have greater access to the government's $700 billion financial rescue fund as the administration refocuses the bailout ...

Hyundai Posts Treble in Q3 to New Record

Hyundai Motor Co., South Korea's largest automaker and a growing force in the global industry, said third-quarter net profit more than tripled to a record ...

China Growth Revs Up to 8.9% in Q3

China's economy charged ahead in the third quarter, expanding by 8.9 percent thanks to lavish stimulus spending that sparked a boom in construction, share prices ...

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 ...

Oil Shale Trials Show Promise But Leases Shrink

Efforts to mine oil from rock are ongoing in Wyoming, Colorado and Utah, speakers at a symposium said Tuesday, the same day Interior Secretary Ken ...

Wind Power Industry Adds Capacity with Federal Grants

Armed with nearly $1 billion in federal grants, wind farm developers installed more capacity and got projects off the drawing board in the third quarter. ...

Mazda to Raise $1.1 Bil. for R&D

Japanese automaker Mazda now expects about half the red ink it previously forecast for the fiscal year, crediting a rise in demand from "green" car ...

Yahoo Q3 Profits Triple on Cost-Cutting, Ad Recovery

Yahoo Inc. may finally be pulling out of a three-year slump that cast aside two CEOs and spurred a cost-cutting campaign that led to about ...

UAL Says Business Travel Improving Despite Loss

United Airlines said on Tuesday that it's seeing early signs of a recovery in business travel as it reported a smaller-than-expected quarterly loss. The recession ...

Coach Sales Rise with Help from Lower-Priced Line

Coach Inc.'s fiscal first-quarter profit fell slightly, but revenue rose as new, lower-priced handbag lines helped juice sales. The company blamed heavy promotions spurred by ...

Asia Stocks Up, Europe Down on U.S. Earnings

Most Asian stock markets climbed Tuesday as a rash of better-than-expected earnings reports from major U.S. companies buttressed confidence in the world economy. European markets ...

Toyota Pushes into Hyundai Country

Toyota is making a push into South Korea — the home market of international rival Hyundai Motor Co. — introducing four models including the Camry ...

Toyota Unveils Bigger Hybrid-Only Model

Toyota Motor Corp. has unveiled a more expensive and bigger hybrid-only model than its hit Prius, underlining the Japanese automaker's ambitions to make green technology ...

China Crosses 10 Mil. A Year Auto Production Mark

China's annual auto production surpassed 10 million for the first time on Tuesday, as a new "Liberation" model truck rolled off the assembly line at ...

American, Delta Mull Stake in JAL

American Airlines parent AMR Corp. is negotiating for closer ties and possibly an investment in financially troubled Japan Airlines Corp., according to a person familiar ...

New Electrics Grab Focus at Frankfurt Auto Show

Sales have plunged, General Motors Co. has emerged from bankruptcy and Chrysler has been taken over by Italy's Fiat. The past year's turbulence will be ...

Yahoo Gains $150 Mil. on Sale of Alibaba Stake

Yahoo has cashed out of its investment in China's leading e-commerce site, Alibaba.com. The sale announced Monday is expected to generate a pretax windfall of ...

JAL Shares Surge on American, Delta Interest

Shares of Japan Airlines Corp. surged Monday amid speculation that American Airlines and Delta Air Lines are vying to buy stakes in the money-losing carrier. ...

NEC, Casio, Hitachi to Merge Cell Phone Business

Japanese electronics makers NEC Corp., Casio Computer Co. and Hitachi said Monday they will combine their mobile phone handset-manufacturing operations by April next year in ...

Majority of Americans Still Troubled by Economy

One year after Wall Street teetered on the brink of collapse, seven out of 10 Americans lack confidence the federal government has taken safeguards to ...

World Markets Rattled by U.S.-China Tire Tariff Dispute

European and Asian markets fell Monday, shaken by news of a trade dispute between the U.S. and China over tariffs on tires. Germany's DAX fell ...

U.S. Banks Return to Risky Investments

A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk. Goldman Sachs, JPMorgan Chase and ...

Last U.S. China Maker Survives on Vintage Design

Born of the Great Depression, it was a glossy, color-saturated line of cups, bowls and plates meant to affordably brighten lives and dinner tables. Seven ...