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 ...
Business
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 ...
Retail, Manufacturing Data Boost Wall Street
Investors waded deeper into the stock market Tuesday as a batch of economic reports provided mostly upbeat signals about the economy. Retail sales jumped in ...
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 ...
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 ...
Airlines Cut Flights to Lowest Level Since 2001
The U.S. airline industry is shrinking to a size not seen since the months after the 2001 terror attacks. The airlines have been trimming flights ...
Struggling JAL Considers Tieup with Air France-KLM
Struggling Japan Airlines Corp. has entered talks with Air France-KLM over a capital tie-up, a newspaper said Saturday. Asia's biggest airline hopes to expand its ...
GM Rescinds Spring's White-Collar Pay Cuts
General Motors Co. has rescinded white-collar pay cuts it made last spring as it desperately tried to conserve cash and avoid filing for bankruptcy protection. ...
World Stocks Rise on Good News from China, U.S.
European and Asian stock markets rose Friday on strong economic data from China and comments by U.S. Treasury Secretary Timothy Geithner, who said the financial ...
China Output, Consumer Spending Surged in August
China's recovery gained momentum in August as stimulus spending helped boost industrial output, investment and retail sales in the world's third-largest economy, offsetting a slump ...
China's Exports, Trade Surplus Fell in August
China's exports languished in August, contracting 23 percent, increasing the onus on Beijing's massive stimulus spending to drive an economic recovery. Customs data released Friday ...
Japan's Q2 Growth Was Weaker Than Estimated
Japan's growth in the second quarter was weaker than initially thought, but government figures still show that the world's second largest economy has managed to ...
Kodak to Shore Up Balance Sheet with Capital Infusion
Eastman Kodak Co. said Wednesday it expects to raise up to $700 million through a series of debt sales in an effort to shore up ...
China Says State Firm Profits Fell Last Year
Profit at China's top state-owned companies fell 30 percent last year, hurt by the global financial crisis, but assets have increased. The 141 banks, airlines, ...
Suburban Families Downsize from SUVs to Crossovers
Suburban mom Shana Rampersad is looking for a new family car, and it's got to be fuel efficient, stylish and roomy. That eliminates sedans, sport ...
Multinationals Break Vietnam Laws Promoting Breast-Feeding
Multinational companies in Vietnam sell baby formula so aggressively that they routinely stretch and sometimes break laws designed to promote breastfeeding, an AP investigation has ...
Stocks Resume Rally After Brief Break
Investors popped the stock market's rally back in gear Friday after analyst upgrades boosted their optimism about the economy. A 36-point advance in the Dow ...
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 ...
Housing, Jobless Data Show Fragile Recovery
Adding to evidence the recession has ended, housing construction rose in August and fewer laid-off workers sought jobless aid last week. Still, the reports suggested ...
World's Carmakers All Aboard Electric Bandwagon
The race is on among the world's auto companies to make electric cars go farther on a single charge, bring the price down to compete ...
U.S. Net Worth Grew for First Time Since 2007
Americans' wealth rose this spring for the first time in nearly two years, with stocks and home values gaining as the recession faded. Still, household ...
New Jobless Claims Rose Last Week
The number of newly laid-off workers seeking unemployment benefits likely rose last week, evidence that jobs remain scarce. Wall Street economists forecast that first-time claims ...
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 ...
China's BYD Sets Sights on Overtaking Toyota
Fast-growing Chinese battery and automaker BYD Co. is thinking big — really big. It aims to overtake Toyota Motor Co. to become the global auto ...
Asia Markets at New Highs for Year
Asian stock markets climbed to new highs for the year Thursday after strong U.S. industrial production data boosted confidence the world's largest economy is growing ...
Google to Turn Digital Library into Paperbacks
Google Inc. is giving 2 million books in its digital library a chance to be reincarnated as paperbacks. As part of a deal announced Thursday, ...
Manufacturers Lead Growth With Broad-Based Gains
Signaling that manufacturers are leading the economy into a recovery, output from the nation's factories, mines and utilities posted widespread gains in August. In a ...
World Markets Surge on End to U.S. Recession
World stock markets rallied Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. recession was likely over, a view largely supported by recent economic ...
Financial Reform Push Gives Way to Inertia, Complacency
The rule book for Wall Street may not change that much after all. Tougher financial rules that seemed inevitable after last year's crisis have been ...
Cablevision Debuts Interactive Ads on TV
Cablevision Systems Corp. is bringing interactive banner ads to television, allowing viewers to order samples and brochures and even purchase products by clicking the remote ...
IRS Eases Commercial Mortgage Refinancing Rules
The IRS issued new rules Tuesday designed to make it easier to refinance some commercial real estate loans in an effort to curb the number ...
Shane Kim to Retire from 14-Year Post As Xbox Guru
Shane Kim, the Microsoft Corp. executive who oversaw the growth of its video game business from the original Xbox and through such hits as "Halo" ...
GM Names New Sales Chief As U.S. Market Share Erodes
Less than a week after reporting a sharp drop in September sales, GM said its U.S. sales chief is leaving as the automaker struggles to ...
Shanghai Leads Global Stock Rally on Rising Dollar
Chinese stocks rallied Friday as traders returned to their desks following a weeklong holiday, when the rest of the world's major markets shot higher amid ...
Audi Sales Decline Eased by Strong Asia Growth
German carmaker Audi AG said Friday it delivered 6.8 percent fewer cars in September than a year earlier as the global downturn continued to affect ...
AP, News Corp Want Search Engines to Pay for News
The leaders of two of the world's major news organizations said Friday that it is time for search engines and others who use news content ...
Infosys Raises Outlook Despite Profit Dip
Infosys Technologies Ltd. reported a slight decrease in quarterly profit Friday but raised its revenue and earnings forecasts — a signal the worst may be ...
Frank Advances Bill to Limit Credit-Card Rate Hikes
Rep. Barney Frank, the tough-talking liberal ushering through a major rewrite of rules governing Wall Street, sounded a warning shot on Thursday to big banks: ...
Another Asset Bubble May Be Forming Already
The next financial bubble could come sooner than you think. A year after the collapse of home values triggered the financial crisis and Great Recession, ...
Retail, Jobs Data Boost Wall Street
Stocks are resuming their climb as investors get positive readings on two of the best gauges of the economy's health: consumer spending and corporate profits. ...
GM to Sell Hummer to Sichuan Tengzhong Heavy
General Motors Co. is poised to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon, ...
New Jobless Claims Lowest Since January
The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs ease a bit ...
USA Today Posts 17% Circulation Drop
USA Today expects to report the largest decline in circulation in its 27-year history, threatening its No. 1 position among U.S. dailies as the growth ...
Marriott Posts Q3 Loss on Timeshare Slump
Marriott International says it lost $466 million in its third quarter on hefty impairment charges, mostly related to its timeshare business. The hotel operator lost ...
Nissan Land Glider Electric As Agile As a Motorcycle
Nissan's Land Glider electric vehicle tilts from side to side, sashaying into curves by up to a 17-degree angle, as though showing off in a ...
Worldwide Prescription Drug Sales Growth Slows
Growth of prescription drug revenue worldwide will likely dip to between 4 percent and 6 percent next year — the lowest rate in at least ...
Dell to Make Android Phones for AT&T
Dell Inc. is working on a "smart" phone for AT&T that runs Google Inc.'s Android phone operating system, according to a newspaper report Wednesday. The ...
Consumer Stinginess Shows Up in Corporate Profits
People aren't just shopping more at Family Dollar. They're buying the cheapest stuff on its racks. Even Pizza Hut's sales are slowing as consumers seek ...
Ciena to Buy Nortel Assets for $521 Mil.
Ciena Corp. says it has agreed to by the optical networking and carrier Ethernet assets of Nortel Networks' Metro Ethernet Networks business for roughly $521 ...
Costco Beats Street Despite Profit Slip
Costco Wholesale Corp. said Wednesday that its fiscal fourth-quarter profit fell 6 percent, partly on the stronger dollar and increased employee benefit costs, but results ...
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 ...
Retail, Manufacturing Data Boost Wall Street
Investors waded deeper into the stock market Tuesday as a batch of economic reports provided mostly upbeat signals about the economy. Retail sales jumped in ...
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 ...
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 ...
Airlines Cut Flights to Lowest Level Since 2001
The U.S. airline industry is shrinking to a size not seen since the months after the 2001 terror attacks. The airlines have been trimming flights ...
Struggling JAL Considers Tieup with Air France-KLM
Struggling Japan Airlines Corp. has entered talks with Air France-KLM over a capital tie-up, a newspaper said Saturday. Asia's biggest airline hopes to expand its ...
GM Rescinds Spring's White-Collar Pay Cuts
General Motors Co. has rescinded white-collar pay cuts it made last spring as it desperately tried to conserve cash and avoid filing for bankruptcy protection. ...
World Stocks Rise on Good News from China, U.S.
European and Asian stock markets rose Friday on strong economic data from China and comments by U.S. Treasury Secretary Timothy Geithner, who said the financial ...
China Output, Consumer Spending Surged in August
China's recovery gained momentum in August as stimulus spending helped boost industrial output, investment and retail sales in the world's third-largest economy, offsetting a slump ...
China's Exports, Trade Surplus Fell in August
China's exports languished in August, contracting 23 percent, increasing the onus on Beijing's massive stimulus spending to drive an economic recovery. Customs data released Friday ...
Japan's Q2 Growth Was Weaker Than Estimated
Japan's growth in the second quarter was weaker than initially thought, but government figures still show that the world's second largest economy has managed to ...
Kodak to Shore Up Balance Sheet with Capital Infusion
Eastman Kodak Co. said Wednesday it expects to raise up to $700 million through a series of debt sales in an effort to shore up ...
China Says State Firm Profits Fell Last Year
Profit at China's top state-owned companies fell 30 percent last year, hurt by the global financial crisis, but assets have increased. The 141 banks, airlines, ...
Suburban Families Downsize from SUVs to Crossovers
Suburban mom Shana Rampersad is looking for a new family car, and it's got to be fuel efficient, stylish and roomy. That eliminates sedans, sport ...
Multinationals Break Vietnam Laws Promoting Breast-Feeding
Multinational companies in Vietnam sell baby formula so aggressively that they routinely stretch and sometimes break laws designed to promote breastfeeding, an AP investigation has ...
Stocks Resume Rally After Brief Break
Investors popped the stock market's rally back in gear Friday after analyst upgrades boosted their optimism about the economy. A 36-point advance in the Dow ...
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 ...
Housing, Jobless Data Show Fragile Recovery
Adding to evidence the recession has ended, housing construction rose in August and fewer laid-off workers sought jobless aid last week. Still, the reports suggested ...
World's Carmakers All Aboard Electric Bandwagon
The race is on among the world's auto companies to make electric cars go farther on a single charge, bring the price down to compete ...
U.S. Net Worth Grew for First Time Since 2007
Americans' wealth rose this spring for the first time in nearly two years, with stocks and home values gaining as the recession faded. Still, household ...
New Jobless Claims Rose Last Week
The number of newly laid-off workers seeking unemployment benefits likely rose last week, evidence that jobs remain scarce. Wall Street economists forecast that first-time claims ...
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 ...
China's BYD Sets Sights on Overtaking Toyota
Fast-growing Chinese battery and automaker BYD Co. is thinking big — really big. It aims to overtake Toyota Motor Co. to become the global auto ...
Asia Markets at New Highs for Year
Asian stock markets climbed to new highs for the year Thursday after strong U.S. industrial production data boosted confidence the world's largest economy is growing ...
Google to Turn Digital Library into Paperbacks
Google Inc. is giving 2 million books in its digital library a chance to be reincarnated as paperbacks. As part of a deal announced Thursday, ...
Manufacturers Lead Growth With Broad-Based Gains
Signaling that manufacturers are leading the economy into a recovery, output from the nation's factories, mines and utilities posted widespread gains in August. In a ...
World Markets Surge on End to U.S. Recession
World stock markets rallied Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. recession was likely over, a view largely supported by recent economic ...
Financial Reform Push Gives Way to Inertia, Complacency
The rule book for Wall Street may not change that much after all. Tougher financial rules that seemed inevitable after last year's crisis have been ...
Cablevision Debuts Interactive Ads on TV
Cablevision Systems Corp. is bringing interactive banner ads to television, allowing viewers to order samples and brochures and even purchase products by clicking the remote ...
IRS Eases Commercial Mortgage Refinancing Rules
The IRS issued new rules Tuesday designed to make it easier to refinance some commercial real estate loans in an effort to curb the number ...
Shane Kim to Retire from 14-Year Post As Xbox Guru
Shane Kim, the Microsoft Corp. executive who oversaw the growth of its video game business from the original Xbox and through such hits as "Halo" ...
GM Names New Sales Chief As U.S. Market Share Erodes
Less than a week after reporting a sharp drop in September sales, GM said its U.S. sales chief is leaving as the automaker struggles to ...
Shanghai Leads Global Stock Rally on Rising Dollar
Chinese stocks rallied Friday as traders returned to their desks following a weeklong holiday, when the rest of the world's major markets shot higher amid ...
Audi Sales Decline Eased by Strong Asia Growth
German carmaker Audi AG said Friday it delivered 6.8 percent fewer cars in September than a year earlier as the global downturn continued to affect ...
AP, News Corp Want Search Engines to Pay for News
The leaders of two of the world's major news organizations said Friday that it is time for search engines and others who use news content ...
Infosys Raises Outlook Despite Profit Dip
Infosys Technologies Ltd. reported a slight decrease in quarterly profit Friday but raised its revenue and earnings forecasts — a signal the worst may be ...
Frank Advances Bill to Limit Credit-Card Rate Hikes
Rep. Barney Frank, the tough-talking liberal ushering through a major rewrite of rules governing Wall Street, sounded a warning shot on Thursday to big banks: ...
Another Asset Bubble May Be Forming Already
The next financial bubble could come sooner than you think. A year after the collapse of home values triggered the financial crisis and Great Recession, ...
Retail, Jobs Data Boost Wall Street
Stocks are resuming their climb as investors get positive readings on two of the best gauges of the economy's health: consumer spending and corporate profits. ...
GM to Sell Hummer to Sichuan Tengzhong Heavy
General Motors Co. is poised to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon, ...
New Jobless Claims Lowest Since January
The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs ease a bit ...
USA Today Posts 17% Circulation Drop
USA Today expects to report the largest decline in circulation in its 27-year history, threatening its No. 1 position among U.S. dailies as the growth ...
Marriott Posts Q3 Loss on Timeshare Slump
Marriott International says it lost $466 million in its third quarter on hefty impairment charges, mostly related to its timeshare business. The hotel operator lost ...
Nissan Land Glider Electric As Agile As a Motorcycle
Nissan's Land Glider electric vehicle tilts from side to side, sashaying into curves by up to a 17-degree angle, as though showing off in a ...
Worldwide Prescription Drug Sales Growth Slows
Growth of prescription drug revenue worldwide will likely dip to between 4 percent and 6 percent next year — the lowest rate in at least ...
Dell to Make Android Phones for AT&T
Dell Inc. is working on a "smart" phone for AT&T that runs Google Inc.'s Android phone operating system, according to a newspaper report Wednesday. The ...
Consumer Stinginess Shows Up in Corporate Profits
People aren't just shopping more at Family Dollar. They're buying the cheapest stuff on its racks. Even Pizza Hut's sales are slowing as consumers seek ...
Ciena to Buy Nortel Assets for $521 Mil.
Ciena Corp. says it has agreed to by the optical networking and carrier Ethernet assets of Nortel Networks' Metro Ethernet Networks business for roughly $521 ...
Costco Beats Street Despite Profit Slip
Costco Wholesale Corp. said Wednesday that its fiscal fourth-quarter profit fell 6 percent, partly on the stronger dollar and increased employee benefit costs, but results ...
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