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
Business
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.
GM Decision to Keep Opel Arouses Indignation
Workers at automaker Opel planned walkouts to protest General Motor Co.'s decision not to sell the European subsidiary, while Germany's government vowed Wednesday to recover ...
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, ...
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 ...
Cisco Systems Borrows $5 Bil.to Fuel Buying Binge
Cisco Systems Inc., the world's largest maker of computer networking equipment, said Monday it will sell three series of senior unsecured notes worth a total ...
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 ...
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
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.
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.
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
New Home Sales Fall Unexpectedly
Shares of homebuilders slid Wednesday as new home sales dropped for the first time in five months.
GM to Post Sales Gains for First Time in 21 Months
General Motors Co. is likely to post its first year-over-year monthly sales gain in 21 months when automakers report sales figures on Tuesday, a top ...
China's Geely in Talks to Buy Volvo from Ford
Ford Motor Co. has picked a consortium led by China's Geely Group as the preferred bidder to buy its Swedish Volvo Cars unit, the U.S. ...
Japan Carmakers Report Record China Production
Japanese automakers are experiencing a production boom in China with Toyota, Honda and Nissan setting records for September — the latest signs of an emerging ...
Asian Markets Fall on U.S. Consumer Sentiment
Global stock markets dropped Wednesday as more signs American consumers were struggling undermined hopes for a stronger turnaround in the world's largest economy.
Ex-AMD CEO Fingered As Leaker in Galleon Case
Chip maker Advanced Micro Devices Inc. is "thoroughly reviewing" published reports fingering former chairman and CEO Hector Ruiz as the AMD executive who gave confidential ...
GMAC in Talks with Treasury for 3rd Round of Bailout
GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline ...
7 Calif Cities Top Nation in Median Home Values
Many college graduates are passing up industrial centers and former hotspots in the Southwest, which have been hit hard by the recession, in favor of ...
Bill Zeroes in on Overseas Tax-Dodge Schemes
Key lawmakers unveiled a bill Tuesday aiming to crack down on wealthy tax dodgers hiding money overseas.
China Movie Studio to Seek Listing on NYSE
A third leading Chinese movie studio is aiming for a listing — this time on the New York Stock Exchange — as the country's entertainment ...
Nissan Returns to Profit on China Sales Growth
Struggling Japanese automaker Nissan Motor Co. said Wednesday it climbed back into the black in the latest quarter and predicted a smaller yearly loss
iPhone Has Disappointing China Debut
Apple Inc.'s local partner has sold 5,000 iPhones since the smart phone's formal weekend debut in China, a lackluster start after analysts warned the company ...
Disney Theme Park Approved for Shanghai
China's planning agency has approved plans for a Disney theme park in Shanghai, the Walt Disney Co. said Wednesday, a major step toward setting a ...
Walmart.com Challenges Amazon in Book Price War
It was a weird day in the book price wars. The cost of John Grisham's "Ford County," officially released Tuesday, moved up and down like ...
Sales Data Show Auto Industry Stabilizing
After months of roller-coaster results, the U.S. auto industry showed signs of stability in October.
Buffett Buys Burlington Northern for $34 Bil.
Warren Buffett's Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp., making a $34 billion bet on the future of the ...
Ford Sales Rose 3% in October on Strong Demand
Strong demand for cars and crossovers lifted Ford's U.S. sales 3 percent in October, a positive sign for automakers who are hoping a healthier economy ...
Comcast to Launch E! News Asia in Hong Kong
One of America's best-known entertainment news shows is launching an Asian edition. Los Angeles-based E! Entertainment Television will launch a weekly half-hour edition
Ford to Raise $3.3 Bil. Through Stocks, Debt
Ford Motor Co. said Monday it will ask its lenders for extra time to repay at least some of the $10.1 billion borrowed under a ...
China Export Slump Eases, Lending Surges
China's export slump eased in September as global demand showed signs of recovery and banks stepped up lending to help fuel a turnaround in the ...
Asian Stocks Fall on Doubts About U.S. Recovery
Asian stock markets were mostly lower Tuesday despite improvement in U.S. manufacturing as doubts lingered about the durability of a rebound in the world's largest ...
Economic Data Boost Hope Recovery Gaining Momentum
Hopes for the fledgling economic recovery got a boost Monday from better-than-expected news on manufacturing, construction and contracts to buy homes.
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.
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
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
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.
GM Decision to Keep Opel Arouses Indignation
Workers at automaker Opel planned walkouts to protest General Motor Co.'s decision not to sell the European subsidiary, while Germany's government vowed Wednesday to recover ...
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, ...
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 ...
Cisco Systems Borrows $5 Bil.to Fuel Buying Binge
Cisco Systems Inc., the world's largest maker of computer networking equipment, said Monday it will sell three series of senior unsecured notes worth a total ...
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 ...
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
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.
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.
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
New Home Sales Fall Unexpectedly
Shares of homebuilders slid Wednesday as new home sales dropped for the first time in five months.
GM to Post Sales Gains for First Time in 21 Months
General Motors Co. is likely to post its first year-over-year monthly sales gain in 21 months when automakers report sales figures on Tuesday, a top ...
China's Geely in Talks to Buy Volvo from Ford
Ford Motor Co. has picked a consortium led by China's Geely Group as the preferred bidder to buy its Swedish Volvo Cars unit, the U.S. ...
Japan Carmakers Report Record China Production
Japanese automakers are experiencing a production boom in China with Toyota, Honda and Nissan setting records for September — the latest signs of an emerging ...
Asian Markets Fall on U.S. Consumer Sentiment
Global stock markets dropped Wednesday as more signs American consumers were struggling undermined hopes for a stronger turnaround in the world's largest economy.
Ex-AMD CEO Fingered As Leaker in Galleon Case
Chip maker Advanced Micro Devices Inc. is "thoroughly reviewing" published reports fingering former chairman and CEO Hector Ruiz as the AMD executive who gave confidential ...
GMAC in Talks with Treasury for 3rd Round of Bailout
GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline ...
7 Calif Cities Top Nation in Median Home Values
Many college graduates are passing up industrial centers and former hotspots in the Southwest, which have been hit hard by the recession, in favor of ...
Bill Zeroes in on Overseas Tax-Dodge Schemes
Key lawmakers unveiled a bill Tuesday aiming to crack down on wealthy tax dodgers hiding money overseas.
China Movie Studio to Seek Listing on NYSE
A third leading Chinese movie studio is aiming for a listing — this time on the New York Stock Exchange — as the country's entertainment ...
Nissan Returns to Profit on China Sales Growth
Struggling Japanese automaker Nissan Motor Co. said Wednesday it climbed back into the black in the latest quarter and predicted a smaller yearly loss
iPhone Has Disappointing China Debut
Apple Inc.'s local partner has sold 5,000 iPhones since the smart phone's formal weekend debut in China, a lackluster start after analysts warned the company ...
Disney Theme Park Approved for Shanghai
China's planning agency has approved plans for a Disney theme park in Shanghai, the Walt Disney Co. said Wednesday, a major step toward setting a ...
Walmart.com Challenges Amazon in Book Price War
It was a weird day in the book price wars. The cost of John Grisham's "Ford County," officially released Tuesday, moved up and down like ...
Sales Data Show Auto Industry Stabilizing
After months of roller-coaster results, the U.S. auto industry showed signs of stability in October.
Buffett Buys Burlington Northern for $34 Bil.
Warren Buffett's Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp., making a $34 billion bet on the future of the ...
Ford Sales Rose 3% in October on Strong Demand
Strong demand for cars and crossovers lifted Ford's U.S. sales 3 percent in October, a positive sign for automakers who are hoping a healthier economy ...
Comcast to Launch E! News Asia in Hong Kong
One of America's best-known entertainment news shows is launching an Asian edition. Los Angeles-based E! Entertainment Television will launch a weekly half-hour edition
Ford to Raise $3.3 Bil. Through Stocks, Debt
Ford Motor Co. said Monday it will ask its lenders for extra time to repay at least some of the $10.1 billion borrowed under a ...
China Export Slump Eases, Lending Surges
China's export slump eased in September as global demand showed signs of recovery and banks stepped up lending to help fuel a turnaround in the ...
Asian Stocks Fall on Doubts About U.S. Recovery
Asian stock markets were mostly lower Tuesday despite improvement in U.S. manufacturing as doubts lingered about the durability of a rebound in the world's largest ...
Economic Data Boost Hope Recovery Gaining Momentum
Hopes for the fledgling economic recovery got a boost Monday from better-than-expected news on manufacturing, construction and contracts to buy homes.
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.
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
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