Business
China Sports Companies Vie to Sponsor Global Stars
The newest sponsor of women's tennis is a half-billion dollar sporting goods maker that virtually no one outside of China has ever heard of.
S. Korea Limits Foreign Exchange Derivative Contracts
South Korea's financial authorities announced on Sunday measures to help stabilize the country's currency and financial system and limit damage
Data Suggests Jobs Being Added Slowly
Fewer people are filing claims for unemployment aid, new jobs are showing up in service industries, and companies are squeezing all they can
China Agricultural Bank Ready for IPO
The state-owned Agricultural Bank of China plans to sell a 15 percent stake in what could become the world's largest initial public offering
Honda Settles China Labor Dispute After 2-Week Strike
Honda Motor Co. said a labor dispute at a parts plant that crippled the automaker's production in China has been resolved after a wage increase
Disappointing Jobs Data Batters Stocks, Euro
Stock markets dropped sharply Friday and the euro slid to a new four-year low against the dollar after U.S. government figures showed
BP Reports Some Oil Being Funneled by New Cap
BP reported some oil was flowing up a pipe Friday from a cap it wrestled onto its broken Gulf of Mexico well but crude still ...
McDonald's Pulls Cadmium-Tainted Shrek Glasses
Cadmium has been discovered in the painted design on "Shrek"-themed drinking glasses being sold nationwide at McDonald's, forcing the burger giant
Foxconn Faces Heat from Yet Another Worker Death
Taiwan's Foxconn Technology Group, which has been shaken by a spate of worker suicides in China this year, said Friday another employee
Geithner Says Europe Crisis Won't Sink U.S. Recovery
Treasury Secretary Timothy Geithner said Thursday he doesn't think that the European debt crisis will derail the U.S. economic recovery.
Recent Rise in Jobs Data Reflects Temporary Hiring
The nation's employers likely unleashed a wave of hiring last month, but it probably won't be repeated.
Foxconn to Give China Employees 2nd Pay Raise
Foxconn workers in China will get another pay raise in coming months, on top of an increase that just took effect in response to recent ...
U.S. Equipment Maker Logs Sizzling China Growth
Mining equipment maker Joy Global Inc. said Thursday its efforts to grab more business in the booming steel and power producing markets in China
Slowing Productivity Growth Seen As Hopeful Sign
Productivity grew at a slower rate in the first three months of the year than previously thought, a possible sign that businesses are reaching the ...
Jobless Claims Drop for 2nd Straight Week
New claims for unemployment insurance fell for the second straight week, fresh evidence the job market is slowly improving.
Airline Recovery Quickens on Asia, U.S. Growth
The aviation industry could recover within two years from the global economic downturn, as growth in the U.S. and Asia offsets weaker demand in Europe
May Retail Report Shows Spending Slowed
Retailers are reporting tepid business in May after cool weather and fresh concerns about the economy had shoppers cutting spending
Ford to End Mercury Production in 2010
Ford Motor Co. said Wednesday it will cease production of its 72-year-old Mercury brand by the end of 2010 after years of declining sales.
Pending Home Sale Forecasts Boost Stocks
Stocks rebounded Wednesday after a stronger-than-expected increase in pending home sales restored investors' optimism about the economy.
4th Strike Since 2008 Halts India Hyundai Production
Striking workers forced Hyundai Motor to stop all production in India on Monday, the latest in a series
More Workers Quit Jobs As Economy Improves
One sign of better economic times is when more people start finding jobs. Another is when they feel confident enough to quit them.
Hyundai Resumes India Production Despite Strike
Hyundai Motor has resumed production in India despite an ongoing strike that forced the nation's top car exporter to halt production for two days
Honda Hit by 2nd China Parts Factory Strike
Workers at a second auto parts factory affiliated with Honda Motor Co. walked off the job Wednesday as a strike dragged on at the other ...
China's Agricultural Bank IPO May Be World's Biggest
China's stock regulator has approved Agricultural Bank of China's plans for an initial public offering in Shanghai and Hong Kong worth well over $20 billion
GM Recalls 1.5 Mil. Cars for Potential Fire Hazard
General Motors Co. said Tuesday it was recalling about 1.5 million vehicles worldwide to address a problem with a heated windshield wiper fluid
GM to Keep 900 More Dealers Than Planned
About 900 General Motors dealerships that the company had planned to cut loose appear to be getting a reprieve.
Protesters Picket Apple, Foxconn at HK Meeting
Protesters picketed Foxconn's annual general meeting in Hong Kong on Tuesday, accusing both the Apple Inc. supplier and computer giant of poor corporate
Asia Stocks Rise, Europe Falls
European stocks fell Tuesday, as investors worried that growth would be hurt by the region's sprawling debt crisis and spending cuts.
Toyota to Recall Up to 11,500 Lexuses
Toyota said Wednesday it will recall 4,500 Lexus vehicles in Japan to fix a computerized steering problem, with another 7,000 vehicles
Debit Card Fees Pit Retailers Against Banks
Swipe your debit card at the supermarket and you've placed yourself at the heart of a contentious congressional debate.
Apple Answers Android with June 24 iPhone 4 Debut
The next iPhone comes out June 24 and will have a higher-resolution screen, longer battery life and thinner design.
Sharp Improves Giant Wall-Display Technology
Walls, ceiling and floors will turn into wall-to-wall imagery with Sharp's new technology that has minimized the gaps between displays
BOA Settles Claims Against Countrywide for $108 Mil.
Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two years ago
Airline Industry Projected to Earn Profits This Year
The International Air Transport Association has upgraded its forecast for the global airline industry this year — forecasting that it will earn $2.5 billion.
World Stocks Tumble on Jobs Data, Hungary Fears
World stock markets tumbled Monday and the euro hit a new four-year low in the wake of poor U.S. jobs figures and amid fresh fears ...
Yahoo Adds Direct Access to Facebook Updates
Yahoo Inc.'s latest facelift will include a Facebook touchup. As part of changes rolling out this week, Yahoo will import personal updates from Facebook's social ...
Kodak Returns to Profit on Inkjet, Samsung Settlement
Eastman Kodak Co. said Thursday it posted a $119 million profit in the first quarter in contrast to a steep loss a year ago, lifted ...
World Stocks Rise on Greek Bailout Hopes
European stocks traded in a narrow range Friday as investors warily awaited the completion of a Greek support package and looked ahead of U.S. economic ...
Japan Factory Output Rises But More Unemployed
Japan received an uneven assessment of its economic health Friday with indicators showing an increase in joblessness and ominously falling prices.
Toyota Creates Design Quality Division
Toyota, its reputation battered by global recalls, is setting up a new division devoted to feeding customer concerns into the design process
Samsung Profits Soar on Big Chip Sales Jump
Samsung Electronics said Friday that net profit surged in the first quarter amid strong demand and higher prices for computer memory chips.
iPhones Will Never Support Flash Says Jobs
For iPhone users who've been wondering whether their devices will support Flash technology for Web video and games anytime soon
Korea Targets Nuclear Reactors As Key Export Industry
S. Korea plans to boost nuclear reactors as the next major export industry after cars, chips and ships, reported Chosun Ilbo.
Credit-Rating Agencies Blamed for EU Debt Crisis
The rating agencies that sort good investments from junk are once again injecting fear into financial markets. Only this time it's for warning investors
Exxon Mobil Profits Jump 38% on Oil Rise
Exxon Mobil Corp. said Thursday its quarterly profit jumped 38 percent as oil prices rose in the first three months of the year.
China Manufacturing Accelerated in April on Domestic Demand
A survey says China's manufacturing accelerated in April as domestic demand increased.
Steelmaker ArcelorMittal Returns to Profit
ArcelorMittal SA, the world's largest steelmaker, said Thursday it swung to a relatively modest profit of $679 million in the first quarter compared to a ...
Visa Profits Jump on Consumer Spending Rebound
Revived consumer spending drove Visa Inc.'s fiscal second-quarter profit up 33 percent and the credit and debit card processor forecast strong revenue
China Sports Companies Vie to Sponsor Global Stars
The newest sponsor of women's tennis is a half-billion dollar sporting goods maker that virtually no one outside of China has ever heard of.
S. Korea Limits Foreign Exchange Derivative Contracts
South Korea's financial authorities announced on Sunday measures to help stabilize the country's currency and financial system and limit damage
Data Suggests Jobs Being Added Slowly
Fewer people are filing claims for unemployment aid, new jobs are showing up in service industries, and companies are squeezing all they can
China Agricultural Bank Ready for IPO
The state-owned Agricultural Bank of China plans to sell a 15 percent stake in what could become the world's largest initial public offering
Honda Settles China Labor Dispute After 2-Week Strike
Honda Motor Co. said a labor dispute at a parts plant that crippled the automaker's production in China has been resolved after a wage increase
Disappointing Jobs Data Batters Stocks, Euro
Stock markets dropped sharply Friday and the euro slid to a new four-year low against the dollar after U.S. government figures showed
BP Reports Some Oil Being Funneled by New Cap
BP reported some oil was flowing up a pipe Friday from a cap it wrestled onto its broken Gulf of Mexico well but crude still ...
McDonald's Pulls Cadmium-Tainted Shrek Glasses
Cadmium has been discovered in the painted design on "Shrek"-themed drinking glasses being sold nationwide at McDonald's, forcing the burger giant
Foxconn Faces Heat from Yet Another Worker Death
Taiwan's Foxconn Technology Group, which has been shaken by a spate of worker suicides in China this year, said Friday another employee
Geithner Says Europe Crisis Won't Sink U.S. Recovery
Treasury Secretary Timothy Geithner said Thursday he doesn't think that the European debt crisis will derail the U.S. economic recovery.
Recent Rise in Jobs Data Reflects Temporary Hiring
The nation's employers likely unleashed a wave of hiring last month, but it probably won't be repeated.
Foxconn to Give China Employees 2nd Pay Raise
Foxconn workers in China will get another pay raise in coming months, on top of an increase that just took effect in response to recent ...
U.S. Equipment Maker Logs Sizzling China Growth
Mining equipment maker Joy Global Inc. said Thursday its efforts to grab more business in the booming steel and power producing markets in China
Slowing Productivity Growth Seen As Hopeful Sign
Productivity grew at a slower rate in the first three months of the year than previously thought, a possible sign that businesses are reaching the ...
Jobless Claims Drop for 2nd Straight Week
New claims for unemployment insurance fell for the second straight week, fresh evidence the job market is slowly improving.
Airline Recovery Quickens on Asia, U.S. Growth
The aviation industry could recover within two years from the global economic downturn, as growth in the U.S. and Asia offsets weaker demand in Europe
May Retail Report Shows Spending Slowed
Retailers are reporting tepid business in May after cool weather and fresh concerns about the economy had shoppers cutting spending
Ford to End Mercury Production in 2010
Ford Motor Co. said Wednesday it will cease production of its 72-year-old Mercury brand by the end of 2010 after years of declining sales.
Pending Home Sale Forecasts Boost Stocks
Stocks rebounded Wednesday after a stronger-than-expected increase in pending home sales restored investors' optimism about the economy.
4th Strike Since 2008 Halts India Hyundai Production
Striking workers forced Hyundai Motor to stop all production in India on Monday, the latest in a series
More Workers Quit Jobs As Economy Improves
One sign of better economic times is when more people start finding jobs. Another is when they feel confident enough to quit them.
Hyundai Resumes India Production Despite Strike
Hyundai Motor has resumed production in India despite an ongoing strike that forced the nation's top car exporter to halt production for two days
Honda Hit by 2nd China Parts Factory Strike
Workers at a second auto parts factory affiliated with Honda Motor Co. walked off the job Wednesday as a strike dragged on at the other ...
China's Agricultural Bank IPO May Be World's Biggest
China's stock regulator has approved Agricultural Bank of China's plans for an initial public offering in Shanghai and Hong Kong worth well over $20 billion
GM Recalls 1.5 Mil. Cars for Potential Fire Hazard
General Motors Co. said Tuesday it was recalling about 1.5 million vehicles worldwide to address a problem with a heated windshield wiper fluid
GM to Keep 900 More Dealers Than Planned
About 900 General Motors dealerships that the company had planned to cut loose appear to be getting a reprieve.
Protesters Picket Apple, Foxconn at HK Meeting
Protesters picketed Foxconn's annual general meeting in Hong Kong on Tuesday, accusing both the Apple Inc. supplier and computer giant of poor corporate
Asia Stocks Rise, Europe Falls
European stocks fell Tuesday, as investors worried that growth would be hurt by the region's sprawling debt crisis and spending cuts.
Toyota to Recall Up to 11,500 Lexuses
Toyota said Wednesday it will recall 4,500 Lexus vehicles in Japan to fix a computerized steering problem, with another 7,000 vehicles
Debit Card Fees Pit Retailers Against Banks
Swipe your debit card at the supermarket and you've placed yourself at the heart of a contentious congressional debate.
Apple Answers Android with June 24 iPhone 4 Debut
The next iPhone comes out June 24 and will have a higher-resolution screen, longer battery life and thinner design.
Sharp Improves Giant Wall-Display Technology
Walls, ceiling and floors will turn into wall-to-wall imagery with Sharp's new technology that has minimized the gaps between displays
BOA Settles Claims Against Countrywide for $108 Mil.
Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two years ago
Airline Industry Projected to Earn Profits This Year
The International Air Transport Association has upgraded its forecast for the global airline industry this year — forecasting that it will earn $2.5 billion.
World Stocks Tumble on Jobs Data, Hungary Fears
World stock markets tumbled Monday and the euro hit a new four-year low in the wake of poor U.S. jobs figures and amid fresh fears ...
Yahoo Adds Direct Access to Facebook Updates
Yahoo Inc.'s latest facelift will include a Facebook touchup. As part of changes rolling out this week, Yahoo will import personal updates from Facebook's social ...
Kodak Returns to Profit on Inkjet, Samsung Settlement
Eastman Kodak Co. said Thursday it posted a $119 million profit in the first quarter in contrast to a steep loss a year ago, lifted ...
World Stocks Rise on Greek Bailout Hopes
European stocks traded in a narrow range Friday as investors warily awaited the completion of a Greek support package and looked ahead of U.S. economic ...
Japan Factory Output Rises But More Unemployed
Japan received an uneven assessment of its economic health Friday with indicators showing an increase in joblessness and ominously falling prices.
Toyota Creates Design Quality Division
Toyota, its reputation battered by global recalls, is setting up a new division devoted to feeding customer concerns into the design process
Samsung Profits Soar on Big Chip Sales Jump
Samsung Electronics said Friday that net profit surged in the first quarter amid strong demand and higher prices for computer memory chips.
iPhones Will Never Support Flash Says Jobs
For iPhone users who've been wondering whether their devices will support Flash technology for Web video and games anytime soon
Korea Targets Nuclear Reactors As Key Export Industry
S. Korea plans to boost nuclear reactors as the next major export industry after cars, chips and ships, reported Chosun Ilbo.
Credit-Rating Agencies Blamed for EU Debt Crisis
The rating agencies that sort good investments from junk are once again injecting fear into financial markets. Only this time it's for warning investors
Exxon Mobil Profits Jump 38% on Oil Rise
Exxon Mobil Corp. said Thursday its quarterly profit jumped 38 percent as oil prices rose in the first three months of the year.
China Manufacturing Accelerated in April on Domestic Demand
A survey says China's manufacturing accelerated in April as domestic demand increased.
Steelmaker ArcelorMittal Returns to Profit
ArcelorMittal SA, the world's largest steelmaker, said Thursday it swung to a relatively modest profit of $679 million in the first quarter compared to a ...
Visa Profits Jump on Consumer Spending Rebound
Revived consumer spending drove Visa Inc.'s fiscal second-quarter profit up 33 percent and the credit and debit card processor forecast strong revenue
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