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Asia, Europe Rise on Fed Optimism

European and Asian stocks rose Thursday and Wall Street was expected to gain at the open after a Federal Reserve report boosted hopes the U.S. ...

Cal High Court Lets Stand Starbucks Award Reversal

The California Supreme Court will not review a appeals court ruling that wiped out an $86 million judgment against coffee giant Starbucks over tip sharing ...

Rhapsody Streaming Music App Okayed for iPhones

RealNetworks Inc.'s subscription music service Rhapsody has been approved for use on iPhones and iPod Touches, the first time Apple Inc. has allowed an on-demand ...

Fed Survey Shows U.S. Recession Ended

The recession is ending and the economy is finally growing again. That's the message implicit in the Federal Reserve's latest survey of businesses around the ...

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 ...

China's Beijing Auto Joins in Saab Takeover Bid

China's Beijing Automotive Industry Holdings has struck a preliminary deal to become a minority stakeholder in Koenigsegg Group AB's takeover of Saab Automobile from General ...

Asia, Europe Stocks Drop on Export Fear of Weak Dollar

European and Asian stocks drifted lower Wednesday as a drop in the value of the dollar hit world exporters, pushing investors to cash in on ...

Fed Plan to Boost Int'l Visitors Includes $10 Fee

Lawmakers are working together at least one bipartisan venture before turning their full attention to health care. The Senate appears poised to pass a bill ...

Palm to Release Cheaper Lighter Version of Pre

Palm Inc., which revitalized its product line with the Pre smart phone launch in June, is hoping to keep momentum going with the release of ...

Taxpayers Likely to Lose Billions on Auto Bailout

Taxpayers face losses on a significant portion of the $81 billion in government aid provided to the auto industry, an oversight panel said in a ...

Buyers Hold the Power in Home Sales

The American dream of homeownership is still attainable. Buyers just have to deal with a new set of realities. A year after the collapse of ...

China Commissions World's Biggest Solar Power Plant

First Solar Inc. said Tuesday it has received initial approval from the Chinese government to build what may become the largest solar field in the ...

Asian Stocks Fall on Strengthening Currencies

World stocks fell Monday after disappointing data from the U.S. undermined hopes of a fast economic recovery and a sharp strengthening in Asian currencies hurt ...

Leading China Filmmaker Plans $91 Mil. IPO

Huayi Brothers, one of China's leading filmmakers, has listed itself on ChiNext with an eye toward raising 620 million Chinese yuan ($91 million) in an ...

Warner to Return Music to YouTube Under New Deal

Warner Music Group Corp. has agreed to return songs and music videos from its artists to the YouTube video site, after a monthslong boycott over ...

Singapore Recoups Half of Big Loss from Crash

Singapore state investment company GIC said Tuesday its investments fell more than 20 percent in the 12 months ending March, but have recovered more than ...

Asian Stocks Rise on Yen Fall, Wall Street Jump

Asian stocks bounced back Tuesday as big corporate takeovers in the U.S. gave investors a new shot of confidence and the yen retreated from a ...

CNN to Charge Fee to Download Its iPhone App

CNN is coming out with an iPhone application Tuesday that has a feature few other news apps have tried: a price tag. There's been a ...

Japan Fears Deflation on Record Drop in Prices

The government says prices in Japan tumbled at a record pace in August amid growing worries about jobs and wages. The country's core consumer price ...

California Tax Panel Recommends Total Overhaul

A commission charged with reforming California's tax structure will recommend repealing the state sales and corporate taxes, flattening the income tax rate and taxing businesses ...

China Gives Bombardier $4 Bil. Hi-Speed Train Contract

Train maker Bombardier Inc. said Monday its Chinese joint venture has been awarded a $4 billion contract to build 80 high-speed trains for China's railway ...

AT&T to Sell Garmin GPS-Hybrid Nuvifone

After more than a year of delays, Garmin Ltd.'s GPS unit/wireless device hybrid nuvifone is finally going on sale in the U.S. Garmin, based in ...

Fox Cable News Wins Big by Catering to Angry Wingnuts

Amplifying the nation's political division has been good business for Fox News Channel and MSNBC during this season of anger — but it may come ...

Xerox to Buy Affiliated Computer Svcs for $5.75 Bil.

Xerox has announced a deal to buy the business processing company Affiliated Computer Services for about $5.75 billion.

Airlines Add Baggage Fees to Europe, India, Canada

The big U.S. airlines are charging baggage fees on some international flights, generally coach tickets between Europe and the U.S. or Canada. What you should ...

China's Richest Communists Celebrate 60th Birthday

Public loudspeakers in the central square blare the village anthem hourly: "If you want to see a miracle, come to Huaxi." Not that any reminders ...

China Industrial Profits, Growth Improve in Q2

Profits at China's oil producers, steel makers and other major industrial companies fell 10.6 percent in the first eight months of 2009 from the same ...

Japan to Rescue, Restructure JAL

Japan's transport minister said Sunday he will not force the struggling Japan Airlines, Asia's biggest airline, into bankruptcy. "We will not crush and liquidate (the ...

U.S. Banks Earned $5.2 Bil. Trading Derivatives in Q2

U.S. commercial banks earned $5.2 billion trading derivatives in the second quarter, as the level of risk eased in the global market for the complex ...

New Home Sales Rise but Below Expectations

New U.S. home sales posted a tepid 0.7 percent increase last month, missing Wall Street expectations and providing more evidence that the housing market recovery ...

New Jobless Claims Show Surprising Rise

First-time claims for jobless benefits increased more than expected last week, a sign employers are reluctant to hire and the job market remains weak. And ...

Consumer Spending Now Driven by Amazing Bargains

There has never been a better time to be a consumer. America is on sale. The Great Recession has caused massive job losses and hardship ...

China Tycoon Floats $8 Bil.-Plan for U.S. Green Cars

Yang Rong was once celebrated as a pioneering automobile entrepreneur who founded the first Chinese company to be listed on Wall Street. Then, seven years ...

Manhattan Apartment Sales Soared in Q3

Blink. What housing downturn? Sales of apartments and co-op units in Manhattan soared between 46 and 69 percent from the second to the third quarter, ...

Japan Consumer Spending Rose 2.6% in August

Japan's jobless rate fell and household spending climbed in August — a double dose of good news for the world's No. 2 economy though it ...

Toyota Warns Against Wrong-Size Floor Mats

Toyota's president said it was "extremely regrettable" an American family died in a crash in which a floor mat in one of the Japanese automaker's ...

IBM Undercuts Google with Corporate Email Service

IBM Corp. is trying to stymie Google Inc.'s expansion into the business software market. The weapon: a bare-bones e-mail service that IBM is selling to ...

Comcast Mulls Controlling Stake in NBC Universal

Comcast Corp. might spend billions for a stake in NBC Universal, a deal that would transform the nation's largest cable TV provider into one of ...

Consumer Spending Jumped in August

Consumer spending, propelled by the wildly popular Cash for Clunkers auto sales program, shot up in August by the largest amount in nearly eight years ...

China to Top Global Auto Sales in 2009

China's auto sales should soar to 12.6 million units this year, up 35 percent from 2008, boosted by subsidies that the industry is lobbying Beijing ...

GM Kills Off Saturn

For those who expected General Motors' once-funky Saturn brand to live on with a new owner, there has been a sad twist. Saturn, once billed ...

Economy Shows Many Recovery Signs

Consumer spending, the bulwark of economic growth, is showing signs of life as the economy transitions from recession to recovery. The key question is whether ...

Microsoft Video on Windows 7 Launch Parties Amuses

You almost have to feel bad for Microsoft. The software maker isn't known for hip marketing tactics, and now that a Windows 7 video has ...

TV Nets Weave More Ads into Series Plotlines

In television's latest quest to discourage viewers from skipping ads, actors from NBC and ABC shows are appearing in character in commercials to interact with ...

Prius Boosts Size, Gas Mileage for 2010

There's a little something extra for car buyers who have their hearts set on top fuel mileage in the Toyota Prius. But they'd better not ...

GM Ends Trial Selling Cars on eBay

General Motors Co. said Tuesday that it is concluding its partnership with eBay Inc. in which the automaker used the auction site to sell new ...

CIT May File Chapt. 11 If Lender Meeting Fails

CIT Group Inc.'s shares soared Tuesday on a report that hedge fund manager John Paulson is considering merging the troubled finance company with failed mortgage ...

China Romantic Comedy Gets Fox Investment

Fox Filmed Entertainment says it has invested in its first Chinese film, becoming the latest Hollywood studio to enter the booming mainland movie market. The ...

California Moves toward Major Tax Overhaul

A special commission this week is scheduled to recommend a sweeping overhaul of California's antiquated tax system, a move designed to bring fiscal sanity to ...

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 ...