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

German Parliament Approves Greek Bailout

The German parliament approved Berlin's share of the rescue package for debt-laden Greece after a boisterous debate Friday in which the finance

New Short-Range Wi-Fi to Be 10 Times Faster

The industry group that supports Wi-Fi is adopting a new technology that should boost data speeds more than 10 times at short distances

U.S. Open to More Fines for Toyota

U.S. Transportation Secretary Ray LaHood said Monday that Washington wants to see results from Toyota's efforts to improve safety, and more fines would be imposed ...

European Flights Nearly Back to Normal As Ash Clears

Flights across Europe were operating normally Monday after a plume of volcanic ash that disrupted air traffic and forced some airports to close

EU Sets Up $1 Tril. Package to Defend Euro

The European Union and the International Monetary Fund pledged a massive nearly $1 trillion defense package for the embattled euro Monday

Fed Ships Dollars to Europe to Help Contain Crisis

The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on ...

No Cyber Attack Behind Thurs Selloff Says White House

The White House's homeland security and counterterrorism adviser says there is no evidence that a cyber attack was behind the chaos

Nokia Files New Patent Claim Against Apple iPad

Finnish cell phone maker Nokia Corp. said Friday that it has extended its patent-infringement claims against Apple Inc. to include the new iPad.

Spain Barely Emerges from Recession

Spain's economy grew in the first three months of 2010, putting an end to six quarters of recession, the Bank of Spain said Friday.

Panasonic Cuts Losses As Global Sales Recover

Panasonic slashed its losses for the January-March quarter to just under $1 billion as the world's biggest maker of plasma TVs benefited from a recovery

Japan's Astellas to Buy U.S. Drugmaker OSI for $4 Bil.

Astellas Pharma Inc., Japan's No. 2 drug maker, said Monday it will buy U.S. cancer drug company OSI Pharmaceuticals Inc. for $4 billion in cash

290,000 Jobs Added in April but Jobless Rate Rises

More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent

Retailers Encouraged by Solid Spring Shopping

Americans gave retailers a respectable spring selling season, resulting in a slew of stores raising their earnings outlooks.

GM Hires Former Hyundai Marketing Whiz

General Motors Co. has hired the marketing whiz who helped Hyundai nearly double its market share in the U.S.

MGM Mirage Posts Loss on CityCenter Writedown

MGM Mirage says a hefty writedown related to its CityCenter joint venture contributed to a loss in the first-quarter.

Cablevision Profits Triple on New Subscribers

Cablevision says its first-quarter earnings more than tripled as it added cable, phone and Internet customers. The company is also lifting its dividend

Asia Stocks Slide, Europe Steadies

European stocks steadied Thursday despite a plunge in Asian markets as investors worried that Greece's debt crisis could spread to other countries

Zurich Financial Reports 76% Profit Jump

Swiss insurer Zurich Financial Services Group reported a 76 percent jump in first-quarter net profit Thursday despite paying out more for natural disasters

Indonesian Ancient Treasure Auction Sinks

A long-awaited auction of ancient treasures salvaged from the sea opened Wednesday in the Indonesian capital — and then abruptly closed

World Stocks Fall Again As 3 Killed in Greek Strike

World markets continued to fall Wednesday, particularly in Asia, as investors worried that Europe's debt crisis would spread

Durable Goods Orders Rise 2.9% in April

Orders to U.S. factories for big-ticket manufactured goods surged in April, propelled by a rebound in demand for commercial aircraft.

Honda China Plant Stopped by Worker Strike

Honda's four auto assembly plants in China have ground to a halt after workers at a parts maker went on strike demanding better wages.

Asia, Europe Stocks Rise on Asian, U.S. Data

World stocks rose Thursday as investors put Europe's debt problems behind them — for now — and instead concentrated on strong Asian economic growth

China's Stock Market Defies Robust Real Growth

Shanghai has Wall Street-size ambitions for its financial markets, and this month, it got a charging bronze bull to match those aspirations.

Asian Stocks Fall on Europe Debt Fears

Asian stock markets fell in early trading Thursday after the Dow Jones industrial average closed below the 10,000 line for the first time in nearly

Yahoo Paints Brighening Picture Through 2013

Yahoo Inc. raised its financial target Wednesday, reflecting expectations that the Internet company will attract more online advertisers as it reaps savings

Feds Profit from $6.2 Bil. Sale of Citigroup Stock

The Treasury Department said Wednesday it raised $6.2 billion from the sale of 1.5 billion shares of Citigroup stock it received as part of the ...

Euro Slide Pushes Dow to Sub-10K Close

A drop in the euro set off a late-day slide in stocks Wednesday and sent the Dow Jones industrial average to its first close below ...

Facebook Faces Growing Privacy Protests

Facebook is simplifying its privacy controls amid growing unrest from many of its users.

Durables, New Home Sales Buffer Against Europe

Sales of new homes posted another large gain in April as buyers rushed to sign contracts before government tax credits expired.

Costco Profits Jump 46% on Sales, Memberships

Costco Wholesale Corp.'s profit climbed 46 percent in the fiscal third quarter as sales and membership revenue both rose.

Recovery Gains Steam in Developed Economies

Ghosn Charged Up about Leaf Electric's U.S. Debut

Nissan Motor Co. CEO Carlos Ghosn said Tuesday he's not bothered by skepticism about the company's upcoming Leaf electric car because thousands

Dow's Intraday Plunge Signals Turbulence Ahead

The Dow Jones industrials plunged below 10,000 to their lowest level of the year Tuesday before a late-day rebound that erased most of the losses

Home Prices Fell from February to March

Home prices fell in March from the previous month, a sign of a weakening housing market despite historically low mortgage rates and now-expired

Consumer Confidence Rises Again in May

Americans' confidence in the economy rose in May for the third straight month in a row, fueled by growing optimism about future job prospects.

Wal-Mart Slashes 3G iPhone Prices in Half

Wal-Mart says it's cutting the price of the most up-to-date iPhone in half. That's another sign Apple is getting ready to unveil a new model.

Asian Stocks Slide on Euro Pessimism

Asian stock markets tumbled Tuesday, extending a sell-off that sent Wall Street lower overnight as the sliding euro hit exporters amid a new wave

U.S. Drivers Still Showing Restraint at Gas Pump

Although gasoline prices are dropping ahead of the Memorial Day weekend and the start of the summer driving season, there's no sign motorists

Wall Street Hit by Late Slide in Financials

Financial companies dragged stocks lower Monday as already anxious investors grew even more uncertain about the U.S. government's financial overhaul

Panasonic Buys Sanyo, Seeks Solar Power Lead

Panasonic Corp. is banking on the solar-panel business that it gained by acquiring domestic rival Sanyo, aiming for top market share of at least 35 ...

BP Shares Plunge As It Begins Big Cut-and-Cap Bid

BP lost billions more in market value Tuesday when shares fell steeply in the first trading day since the company failed to plug the worst ...

Europe's Ryanair Soars Back into Full-Year Profit

European budget airline Ryanair announced a return to robust full-year profits Tuesday and unveiled its first-ever cash dividend to shareholders

HP to Cut 9,000 Jobs, Take $1 Bil. in Charges

Hewlett-Packard Co. said Tuesday it will cut about 9,000 jobs and take $1 billion in charges over three years as it creates fully automated commercial ...

Construction, Manufacturing Data Reverse Stock Declines

Stocks are erasing early losses after reports on construction spending and manufacturing signal that the economy is continuing its recovery.

Europe Debt Crisis Breakdown by Country

Europe's governments are struggling to deal with a mountain of debt made worse by the past three years of global financial and economic turmoil.