LightSquared to Offer 4G Wireless Network Across US
U.S. consumers and businesses may get more options in wireless service starting next year, with the launch of a new wireless broadband
Business
Asia Stocks Rise, Europe Falls on Goldman Earnings
European stocks and Wall Street futures fell Tuesday after lower than expected earnings from U.S. investment bank Goldman Sachs
$21 Bil. in Plane Orders Signals Airline Recovery
Airbus says that Hong Kong Airlines intends to buy $5.7 billion of its widebody A350 and A330 planes.
Obama Signs Long-Debated Financial Overhaul Bill
Reveling over a new milestone in his presidency, a triumphant Barack Obama on Wednesday signed into law the most sweeping overhaul of lending
Toyota Subpoenaed on Steering Rod Defect
Toyota Motor Corp. said Tuesday it has been subpoenaed by a federal grand jury in New York to submit documents related to problems with rods
Google Pledged to Obey Law to Earn China Renewal
China renewed Google's Internet license after it pledged to obey censorship laws and stop automatically switching mainland users
China Should Boost Interest Rates Says ADB
China should boost interest rates or allow its currency to strengthen to help curb inflation pressures, the Asian Development Bank said Tuesday.
IBM Posts Higher Q2 Profits, Raises 2010 Guidance
IBM Corp. jacked up its 2010 guidance Monday on the technology company's belief that it can wring more profit from its workhorse
Stock Market Moves Up Despite Weak Housing Data
Stocks rose modestly Monday as investors bought selectively following the market's big slide last week. The Dow Jones
Delta Posts $467 Mil. Q2 Profits
Delta Air Lines reversed a second-quarter loss with what it says is its largest quarterly profit in a decade thanks to strong passenger revenue.
Nokia Siemens Buys Motorola Network
Nokia Siemens Networks says it will acquire the majority of Motorola's wireless operations in a $1.2 billion deal.
Halliburton Profits Jump 83%
Halliburton Co. says its second-quarter profit soared 83 percent as natural gas drilling activity picked up in the U.S.
Existing Home Sales Fall 5.1%, Prices Rise
Sales of previously occupied homes fell in June and are expected to keep sinking, indicating that the housing market's troubles
McDonald's Net Income Up 12% on Global Sales Rise
McDonald's says its net income climbed 12 percent in the second quarter as customers around the globe gobbled up its cheap food and new frappes
India Unveils $35 Tablet Using Memory Card
It looks like an iPad, only it's 1/14th the cost: India has unveiled the prototype of a $35 basic touchscreen tablet aimed at students
Japanese Giants, Taiwan to Develop WiMax for China
Three big Japanese corporations may join Taiwan in developing cutting-edge broadband technologies that will allow them to jointly tap China's
Wipro Reports 31% Profit Surge on Global Demand
Indian software services firm Wipro Ltd. said quarterly profit jumped 31 percent to 13.19 billion rupees ($284 million), beating expectations
Dell Pays $100 Mil. to Settle SEC Suit
Computer maker Dell Inc. is paying $100 million to settle civil charges that it fraudulently used payments from Intel to pump up its profits
Caterpillar Earnings Double on Strong Overseas Sales
Caterpillar's second-quarter earnings shot up 91 percent with the heavy machinery manufacturer reporting robust sales of equipment for industries
Mortgage Rates Hit New Record Low
Mortgage rates fell to a new record low for the fourth time in five weeks. But low rates haven't been enough to lift a struggling ...
AT&T Earnings Up 26% on Wireless Growth
AT&T Inc. said Thursday that its earnings rose 26 percent in the latest quarter and raised its forecast for the year, helped by its iPhone-fueled ...
Moody's Cuts Ireland Credit Rating
The Moody's agency cut Ireland's credit rating Monday, citing the country's swelling national debt, the unpredictable cost of its bank-bailout plans
Jobless Claims Jump by 37,000
Seasonal factors boosted new requests for unemployment benefits last week as the job market remains weak amid a slow economic recovery.
GM to Pay $3.5 Bil. for Finance Company
General Motors Co. will buy AmeriCredit Corp. for $3.5 billion, a deal that allows the automaker to expand loans to customers with poor credit
Nokia Earnings Fall 40% on Flat Sales
Nokia Corp. said Thursday that second-quarter net profit fell 40 percent to euro227 million ($290 million) as the world's largest mobile phone
World Stocks Up on Earnings, European Growth
World stock markets brushed aside a downbeat assessment of the U.S. outlook from Federal Reserve chairman Ben Bernanke
Foxconn Hikes Prices to Cover Wage Increases
Foxconn Technology Group, which makes iPhones and other gadgets for global technology companies, plans to charge them more to partly
Flipboard iPad App Makes Magazines from Links
Apple Inc.'s iPad has hatched a new breed of magazines, one filled with a constantly changing mix of articles, photos and videos
US Airways Posts Big Profit, AMR Cuts Loss
US Airways joined Delta and United in posting a big second-quarter profit. American Airlines missed the party.
Tiger Woods Endorsements Fall $22 Mil. in 2010
Tiger Woods' estimated endorsements for 2010 are worth $22 million less than last year, according to Sports Illustrated's annual analysis
Nissan Leads Japan Car Outsourcing with Thai-Made March
Nissan took the wraps off its new March subcompact Tuesday, which is being manufactured in Thailand for sale in Japan, underlining a trend for Japanese
2010 Foreclosures to Pass 1 Mil. for First Time
More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog
China Economy Grew 11.1% During First Half of 2010
China's rapid growth is slowing as the impact of its massive stimulus eases and Beijing clamps down on a credit boom.
Asian Stocks Slip on U.S. Slowdown Concerns
Asian stock markets retreated Thursday after disappointing news on the U.S. economy chilled sentiment in Asia.
Turkey Emerges As Global Construction Power
An army of Turkish cranes and bulldozers is at work across the Middle East, Central Asia and Africa, building dams, stadiums and highways
Asian Stocks Jump on Intel Earnings, Singapore Growth
Asian stock markets jumped Wednesday, powered by better-than-expected earnings from chipmaking giant Intel Corp. and Singapore's forecast
Intel Posts Biggest Quarterly Profit in Decade
Intel Corp. has booked its largest quarterly net income in a decade as the chipmaker benefits from a stronger computer market
Federal Deficit Tops $1 Tril. with 3 Months Left
The federal deficit has topped $1 trillion with three months still to go in the budget year, showing the lasting impact of the recession
Trade Deficit Jumps As Import Growth Outpaces Exports
The trade deficit rose in May to an 18-month peak as rising imports offset another solid gain in U.S. exports. The surge in imports was ...
Novartis Q2 Profits Up 19% to $2.44 Bil.
Drug maker Novartis AG has reported a second-quarter increase in net profit of 19 percent to US$2.44 billion on strong sales.
Europe Stocks Rise on Alcoa Earnings, Asia Slips
Asian stock markets rose Tuesday as sentiment strengthened on better-than-expected earnings results from US aluminum maker Alcoa Inc.
Apple iPhone 4 Defective Says Consumer Reports
Consumer Reports said Monday it will not recommend Apple Inc.'s newest iPhone because of reception problems caused by its antenna design.
Conde Nast's Reddit Asks Readers for Donations
Though it's owned by a large media company, Reddit needs money, and it's turning to its loyal audience for help.
Hugh Hefner Makes Bid to Take Playboy Private
Hugh Hefner wants to buy out the portion of the Playboy empire he doesn't already own in a bet that the iconic brand can still ...
J&J to Buy Device Maker Micrus for $480 Mil.
Johnson & Johnson said Monday it will pay $480 million for medical device maker Micrus Endovascular, adding a range of treatments
Avon to Buy Silver Jeweler Silpada for $650 Mil.
Avon Products Inc., a direct seller of beauty products, agreed to buy Silpada Designs for at least $650 million in an effort to expand its ...
Asia Stocks Rise on Booming China Trade
Asian stock markets rose Monday, lifted by robust Chinese trade figures that eased worries the global recovery is losing momentum.
Bank of Korea Raises Growth Forecast to 5.9%
South Korea's central bank raised its forecast for the country's economic growth this year to 5.9 percent on solid exports
Stocks Rise in Europe As Asia Slips on U.S. Concerns
European stock markets rose Friday, helped by a late rally on Wall Street overnight, while the euro headed towards $1.30 for the first time
Europe Stocks Anticipate Wall Street Rebound
European stock markets rose Monday as investors looked past a downgrade of Ireland's public debt and instead bet on a rebound on Wall Street
LightSquared to Offer 4G Wireless Network Across US
U.S. consumers and businesses may get more options in wireless service starting next year, with the launch of a new wireless broadband
Asia Stocks Rise, Europe Falls on Goldman Earnings
European stocks and Wall Street futures fell Tuesday after lower than expected earnings from U.S. investment bank Goldman Sachs
$21 Bil. in Plane Orders Signals Airline Recovery
Airbus says that Hong Kong Airlines intends to buy $5.7 billion of its widebody A350 and A330 planes.
Obama Signs Long-Debated Financial Overhaul Bill
Reveling over a new milestone in his presidency, a triumphant Barack Obama on Wednesday signed into law the most sweeping overhaul of lending
Toyota Subpoenaed on Steering Rod Defect
Toyota Motor Corp. said Tuesday it has been subpoenaed by a federal grand jury in New York to submit documents related to problems with rods
Google Pledged to Obey Law to Earn China Renewal
China renewed Google's Internet license after it pledged to obey censorship laws and stop automatically switching mainland users
China Should Boost Interest Rates Says ADB
China should boost interest rates or allow its currency to strengthen to help curb inflation pressures, the Asian Development Bank said Tuesday.
IBM Posts Higher Q2 Profits, Raises 2010 Guidance
IBM Corp. jacked up its 2010 guidance Monday on the technology company's belief that it can wring more profit from its workhorse
Stock Market Moves Up Despite Weak Housing Data
Stocks rose modestly Monday as investors bought selectively following the market's big slide last week. The Dow Jones
Delta Posts $467 Mil. Q2 Profits
Delta Air Lines reversed a second-quarter loss with what it says is its largest quarterly profit in a decade thanks to strong passenger revenue.
Nokia Siemens Buys Motorola Network
Nokia Siemens Networks says it will acquire the majority of Motorola's wireless operations in a $1.2 billion deal.
Halliburton Profits Jump 83%
Halliburton Co. says its second-quarter profit soared 83 percent as natural gas drilling activity picked up in the U.S.
Existing Home Sales Fall 5.1%, Prices Rise
Sales of previously occupied homes fell in June and are expected to keep sinking, indicating that the housing market's troubles
McDonald's Net Income Up 12% on Global Sales Rise
McDonald's says its net income climbed 12 percent in the second quarter as customers around the globe gobbled up its cheap food and new frappes
India Unveils $35 Tablet Using Memory Card
It looks like an iPad, only it's 1/14th the cost: India has unveiled the prototype of a $35 basic touchscreen tablet aimed at students
Japanese Giants, Taiwan to Develop WiMax for China
Three big Japanese corporations may join Taiwan in developing cutting-edge broadband technologies that will allow them to jointly tap China's
Wipro Reports 31% Profit Surge on Global Demand
Indian software services firm Wipro Ltd. said quarterly profit jumped 31 percent to 13.19 billion rupees ($284 million), beating expectations
Dell Pays $100 Mil. to Settle SEC Suit
Computer maker Dell Inc. is paying $100 million to settle civil charges that it fraudulently used payments from Intel to pump up its profits
Caterpillar Earnings Double on Strong Overseas Sales
Caterpillar's second-quarter earnings shot up 91 percent with the heavy machinery manufacturer reporting robust sales of equipment for industries
Mortgage Rates Hit New Record Low
Mortgage rates fell to a new record low for the fourth time in five weeks. But low rates haven't been enough to lift a struggling ...
AT&T Earnings Up 26% on Wireless Growth
AT&T Inc. said Thursday that its earnings rose 26 percent in the latest quarter and raised its forecast for the year, helped by its iPhone-fueled ...
Moody's Cuts Ireland Credit Rating
The Moody's agency cut Ireland's credit rating Monday, citing the country's swelling national debt, the unpredictable cost of its bank-bailout plans
Jobless Claims Jump by 37,000
Seasonal factors boosted new requests for unemployment benefits last week as the job market remains weak amid a slow economic recovery.
GM to Pay $3.5 Bil. for Finance Company
General Motors Co. will buy AmeriCredit Corp. for $3.5 billion, a deal that allows the automaker to expand loans to customers with poor credit
Nokia Earnings Fall 40% on Flat Sales
Nokia Corp. said Thursday that second-quarter net profit fell 40 percent to euro227 million ($290 million) as the world's largest mobile phone
World Stocks Up on Earnings, European Growth
World stock markets brushed aside a downbeat assessment of the U.S. outlook from Federal Reserve chairman Ben Bernanke
Foxconn Hikes Prices to Cover Wage Increases
Foxconn Technology Group, which makes iPhones and other gadgets for global technology companies, plans to charge them more to partly
Flipboard iPad App Makes Magazines from Links
Apple Inc.'s iPad has hatched a new breed of magazines, one filled with a constantly changing mix of articles, photos and videos
US Airways Posts Big Profit, AMR Cuts Loss
US Airways joined Delta and United in posting a big second-quarter profit. American Airlines missed the party.
Tiger Woods Endorsements Fall $22 Mil. in 2010
Tiger Woods' estimated endorsements for 2010 are worth $22 million less than last year, according to Sports Illustrated's annual analysis
Nissan Leads Japan Car Outsourcing with Thai-Made March
Nissan took the wraps off its new March subcompact Tuesday, which is being manufactured in Thailand for sale in Japan, underlining a trend for Japanese
2010 Foreclosures to Pass 1 Mil. for First Time
More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog
China Economy Grew 11.1% During First Half of 2010
China's rapid growth is slowing as the impact of its massive stimulus eases and Beijing clamps down on a credit boom.
Asian Stocks Slip on U.S. Slowdown Concerns
Asian stock markets retreated Thursday after disappointing news on the U.S. economy chilled sentiment in Asia.
Turkey Emerges As Global Construction Power
An army of Turkish cranes and bulldozers is at work across the Middle East, Central Asia and Africa, building dams, stadiums and highways
Asian Stocks Jump on Intel Earnings, Singapore Growth
Asian stock markets jumped Wednesday, powered by better-than-expected earnings from chipmaking giant Intel Corp. and Singapore's forecast
Intel Posts Biggest Quarterly Profit in Decade
Intel Corp. has booked its largest quarterly net income in a decade as the chipmaker benefits from a stronger computer market
Federal Deficit Tops $1 Tril. with 3 Months Left
The federal deficit has topped $1 trillion with three months still to go in the budget year, showing the lasting impact of the recession
Trade Deficit Jumps As Import Growth Outpaces Exports
The trade deficit rose in May to an 18-month peak as rising imports offset another solid gain in U.S. exports. The surge in imports was ...
Novartis Q2 Profits Up 19% to $2.44 Bil.
Drug maker Novartis AG has reported a second-quarter increase in net profit of 19 percent to US$2.44 billion on strong sales.
Europe Stocks Rise on Alcoa Earnings, Asia Slips
Asian stock markets rose Tuesday as sentiment strengthened on better-than-expected earnings results from US aluminum maker Alcoa Inc.
Apple iPhone 4 Defective Says Consumer Reports
Consumer Reports said Monday it will not recommend Apple Inc.'s newest iPhone because of reception problems caused by its antenna design.
Conde Nast's Reddit Asks Readers for Donations
Though it's owned by a large media company, Reddit needs money, and it's turning to its loyal audience for help.
Hugh Hefner Makes Bid to Take Playboy Private
Hugh Hefner wants to buy out the portion of the Playboy empire he doesn't already own in a bet that the iconic brand can still ...
J&J to Buy Device Maker Micrus for $480 Mil.
Johnson & Johnson said Monday it will pay $480 million for medical device maker Micrus Endovascular, adding a range of treatments
Avon to Buy Silver Jeweler Silpada for $650 Mil.
Avon Products Inc., a direct seller of beauty products, agreed to buy Silpada Designs for at least $650 million in an effort to expand its ...
Asia Stocks Rise on Booming China Trade
Asian stock markets rose Monday, lifted by robust Chinese trade figures that eased worries the global recovery is losing momentum.
Bank of Korea Raises Growth Forecast to 5.9%
South Korea's central bank raised its forecast for the country's economic growth this year to 5.9 percent on solid exports
Stocks Rise in Europe As Asia Slips on U.S. Concerns
European stock markets rose Friday, helped by a late rally on Wall Street overnight, while the euro headed towards $1.30 for the first time
Europe Stocks Anticipate Wall Street Rebound
European stock markets rose Monday as investors looked past a downgrade of Ireland's public debt and instead bet on a rebound on Wall Street
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