Asia Stocks Fall on Wells, China Stimulus Cut Fears
World stock markets fell sharply Thursday as investor optimism was dented by a broker downgrade of U.S. bank Wells Fargo and concerns about future Chinese ...
Business
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 ...
Kia Profits Swell to Record on Sales Growth
Kia Motors Corp. said net profit swelled to a record 402 billion won ($339 million) in the third quarter boosted by a weak South Korean ...
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. ...
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 ...
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 ...
Netflix to Stream Movies Through PlayStation 3
PlayStation 3 owners will soon be able to stream movies and TV shows from Netflix to their TVs using the gaming console, just as Xbox ...
Nissan Unveils New Platform for Global Minicars
It has become a vexing, billion-dollar question for the world's automakers: How do you build small, cheap cars profitably?
Honda Avoids Loss, Forecasts Surprising Profits
Japanese government incentives for green cars and strong sales in China helped Honda Motor Co. avoid red ink for the first half and raise its ...
Newspapers Report Record Circulation Losses
Circulation at newspapers shrank at an accelerated pace in the past six months, driven in part by stiff price increases imposed by publishers scrambling to ...
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 ...
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 ...
3-D Likely to Be Next Big Home TV Upgrade
Fans scrambled to see 3-D movies such as "Cloudy with a Chance of Meatballs" in theaters this year and new 3-D televisions could soon have ...
Internet to Expand with Non-Latin Domain Names
The Internet is set to undergo one of the biggest changes in its four-decade history with the expected approval this week of international domain names ...
S. Korea Economy Grew at Fastest Pace in 7 Years
South Korea's economy grew at its fastest pace in over seven years in the third quarter amid strength in manufacturing and capital spending as Asian ...
Capmark Files for Chapter 11 Protection
Capmark Financial Group, one of the nation's largest commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt.
Record NYC Real Estate Deal Looms As Record Bust
It was the most expensive real estate deal in U.S. history. Now it's poised to become one of the biggest flops. At the height of ...
Biggest Solar Power Plant Set to Open in Florida
Greg Bove steps into his pickup truck and drives down a sandy path to where the future of Florida's renewable energy plans begin: Acres of ...
Fortune Makes Big Changes to Cope with Ad Slump
Fortune is embarking on an ambitious redesign of its business magazine, as a vicious advertising slump is forcing the publication to cut the number of ...
Home Sales Rebound on Tax Credit, Foreclosures
With homebuyers rushing to complete their purchases before a tax credit for first-time owners expires, a report Friday is expected to show strong September sales.
Amazon Profits Blow Past Estimates
Amazon.com Inc.'s third-quarter results blew past analyst expectations, showing that consumers are comfortable opening their wallets to the online retailer despite the still-shaky economy.
Goldman Earnings Top $3 Bil. on Trading Profits
Goldman Sachs Group Inc.'s third-quarter earnings more than tripled from the depths of the financial crisis as income from the company's trading operations offset a ...
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 ...
IBM Profits Jump, Boosts '09 Guidance
IBM Corp. has jacked up its profit guidance for the second time this year, a sign of the company's confidence that it can uncork more ...
Google Earns Record Profit on Revenue Growth
Google Inc. shifted into a higher gear in the third quarter and began to leave the recession behind as the 11-year-old Internet search leader recorded ...
California Home Sales Up 1% in September
The number of homes sold in California last month ticked up last month from August, as low mortgage rates and eagerness to cash in on ...
AMD Reports Strong Sales on Rising CPU Demand
Advanced Micro Devices Inc. lost money in the third quarter but said Thursday that sales were stronger than expected, adding to mounting evidence that consumer ...
China Sept. Data Shows Return to Robust Growth
China's foreign direct investment and power usage rose in September, in the latest evidence the country's economic recovery is gaining momentum. Foreign direct investment in ...
Gap to Resume TV Ads, Expand into China
The apparel retailer Gap Inc. on Thursday announced plans to return to television advertising in November for its namesake brand, after a two-year hiatus,
House Banking Panel Votes to Regulate Derivatives
A House panel voted Thursday to regulate for the first time privately traded derivatives, the kind of exotic financial instruments that helped bring down Lehman ...
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
VisionChina Media to Buy Subway Advertising Leader
VisionChina Media Inc., which operates digital advertising screens on mass transportation systems in China, said Thursday it will buy subway advertising company Digital Media Group ...
Asian Markets Extend Rally on U.S. Profits Data
Asian stocks extended their rise Thursday after better-than-expected earnings reports from U.S. companies helped push the Dow Jones industrial average pass the 10,000 mark for ...
S&P Downgrades Southwest Airlines
Standard & Poor's downgraded Southwest Airlines Co. one notch on Wednesday, citing lower demand for travel and weak pricing that have cut into the company's ...
JPMorgan Earned $3.6 Bil. Despite High Loan Losses
JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset rising loan losses that the bank warned ...
Online Subs Put WSJ Ahead of USA Today
The Wall Street Journal has surpassed USA Today as the top-selling daily newspaper in the United States. The Audit Bureau of Circulations won't be releasing ...
Oracle Turns Up Rhetoric As Server Sales Go to IBM
Larry Ellison ratcheted up his rhetoric against IBM Corp. on Wednesday, challenging Oracle Corp.'s longtime partner and rival to "make our day" in a battle ...
Dow Closes Above 10,000 for First Time in Year
The Dow Jones industrial average is back above 10,000 for the first time in a year. The Dow crossed five figures Wednesday seven months after ...
Asia Stocks Fall on Wells, China Stimulus Cut Fears
World stock markets fell sharply Thursday as investor optimism was dented by a broker downgrade of U.S. bank Wells Fargo and concerns about future Chinese ...
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 ...
Kia Profits Swell to Record on Sales Growth
Kia Motors Corp. said net profit swelled to a record 402 billion won ($339 million) in the third quarter boosted by a weak South Korean ...
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. ...
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 ...
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 ...
Netflix to Stream Movies Through PlayStation 3
PlayStation 3 owners will soon be able to stream movies and TV shows from Netflix to their TVs using the gaming console, just as Xbox ...
Nissan Unveils New Platform for Global Minicars
It has become a vexing, billion-dollar question for the world's automakers: How do you build small, cheap cars profitably?
Honda Avoids Loss, Forecasts Surprising Profits
Japanese government incentives for green cars and strong sales in China helped Honda Motor Co. avoid red ink for the first half and raise its ...
Newspapers Report Record Circulation Losses
Circulation at newspapers shrank at an accelerated pace in the past six months, driven in part by stiff price increases imposed by publishers scrambling to ...
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 ...
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 ...
3-D Likely to Be Next Big Home TV Upgrade
Fans scrambled to see 3-D movies such as "Cloudy with a Chance of Meatballs" in theaters this year and new 3-D televisions could soon have ...
Internet to Expand with Non-Latin Domain Names
The Internet is set to undergo one of the biggest changes in its four-decade history with the expected approval this week of international domain names ...
S. Korea Economy Grew at Fastest Pace in 7 Years
South Korea's economy grew at its fastest pace in over seven years in the third quarter amid strength in manufacturing and capital spending as Asian ...
Capmark Files for Chapter 11 Protection
Capmark Financial Group, one of the nation's largest commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt.
Record NYC Real Estate Deal Looms As Record Bust
It was the most expensive real estate deal in U.S. history. Now it's poised to become one of the biggest flops. At the height of ...
Biggest Solar Power Plant Set to Open in Florida
Greg Bove steps into his pickup truck and drives down a sandy path to where the future of Florida's renewable energy plans begin: Acres of ...
Fortune Makes Big Changes to Cope with Ad Slump
Fortune is embarking on an ambitious redesign of its business magazine, as a vicious advertising slump is forcing the publication to cut the number of ...
Home Sales Rebound on Tax Credit, Foreclosures
With homebuyers rushing to complete their purchases before a tax credit for first-time owners expires, a report Friday is expected to show strong September sales.
Amazon Profits Blow Past Estimates
Amazon.com Inc.'s third-quarter results blew past analyst expectations, showing that consumers are comfortable opening their wallets to the online retailer despite the still-shaky economy.
Goldman Earnings Top $3 Bil. on Trading Profits
Goldman Sachs Group Inc.'s third-quarter earnings more than tripled from the depths of the financial crisis as income from the company's trading operations offset a ...
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 ...
IBM Profits Jump, Boosts '09 Guidance
IBM Corp. has jacked up its profit guidance for the second time this year, a sign of the company's confidence that it can uncork more ...
Google Earns Record Profit on Revenue Growth
Google Inc. shifted into a higher gear in the third quarter and began to leave the recession behind as the 11-year-old Internet search leader recorded ...
California Home Sales Up 1% in September
The number of homes sold in California last month ticked up last month from August, as low mortgage rates and eagerness to cash in on ...
AMD Reports Strong Sales on Rising CPU Demand
Advanced Micro Devices Inc. lost money in the third quarter but said Thursday that sales were stronger than expected, adding to mounting evidence that consumer ...
China Sept. Data Shows Return to Robust Growth
China's foreign direct investment and power usage rose in September, in the latest evidence the country's economic recovery is gaining momentum. Foreign direct investment in ...
Gap to Resume TV Ads, Expand into China
The apparel retailer Gap Inc. on Thursday announced plans to return to television advertising in November for its namesake brand, after a two-year hiatus,
House Banking Panel Votes to Regulate Derivatives
A House panel voted Thursday to regulate for the first time privately traded derivatives, the kind of exotic financial instruments that helped bring down Lehman ...
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
VisionChina Media to Buy Subway Advertising Leader
VisionChina Media Inc., which operates digital advertising screens on mass transportation systems in China, said Thursday it will buy subway advertising company Digital Media Group ...
Asian Markets Extend Rally on U.S. Profits Data
Asian stocks extended their rise Thursday after better-than-expected earnings reports from U.S. companies helped push the Dow Jones industrial average pass the 10,000 mark for ...
S&P Downgrades Southwest Airlines
Standard & Poor's downgraded Southwest Airlines Co. one notch on Wednesday, citing lower demand for travel and weak pricing that have cut into the company's ...
JPMorgan Earned $3.6 Bil. Despite High Loan Losses
JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset rising loan losses that the bank warned ...
Online Subs Put WSJ Ahead of USA Today
The Wall Street Journal has surpassed USA Today as the top-selling daily newspaper in the United States. The Audit Bureau of Circulations won't be releasing ...
Oracle Turns Up Rhetoric As Server Sales Go to IBM
Larry Ellison ratcheted up his rhetoric against IBM Corp. on Wednesday, challenging Oracle Corp.'s longtime partner and rival to "make our day" in a battle ...
Dow Closes Above 10,000 for First Time in Year
The Dow Jones industrial average is back above 10,000 for the first time in a year. The Dow crossed five figures Wednesday seven months after ...
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