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PepsiCo Revenues Soar on Overseas Growth

Foreign currency fluctuations pushed down PepsiCo Inc.'s second-quarter net income 3 percent, even though revenue soared

Toyota Subpoenaed on Steering Rod Defect

Toyota Motor Corp. said Tuesday it has been subpoenaed by a federal grand jury in New York to submit documents related to problems with rods

Google Pledged to Obey Law to Earn China Renewal

China renewed Google's Internet license after it pledged to obey censorship laws and stop automatically switching mainland users

Rising Costs Force Big Shift from South Coastal China

Factory workers demanding better wages and working conditions are hastening the eventual end of an era of cheap costs that helped make southern

China Rating Agency Offers Alternative Risk Assessments

A Chinese firm that aims to compete with Western rating agencies declared Washington a worse credit risk than Beijing in its first report on government

China Foreign Reserves Hit $2.45 Trillion

China's foreign reserves reached $2.45 trillion dollars by the end of June, a 15.1 percent increase year on year, the central bank said Sunday.

China June Imports Skyrocket 53%

China's customs agency on Saturday said exports were up 35 percent in June from a year ago, while imports rose almost 53 percent.

Dow Finishes Week Up 5.3% for Year's Best Gain

The stock market ended its best week in a year with another gain Friday as investors bet that companies will report strong second-quarter earnings.

Toyota Signals Willingness to Raise China Wages

Toyota's president says the company is open to raising the wages of workers in China, where strikes have disrupted the automaker's operations

Peugeot Citroen Signs $1.2 Bil. to Make Cars in China

France's PSA Peugeot Citroen SA signed a deal Friday to set up a euro935 million ($1.2 billion) joint venture to make small, low-emission cars

World Stocks Continue Rise on Korea Rate Hike

World stock markets rose Friday on hopes that global economic growth will prove resilient, with investors viewing a surprise interest rate hike

Bank of Korea Raises Interest on Strong Growth

South Korea's central bank raised its key interest rate Friday from a record low amid prospects for faster growth in the country's economy.

China Renews Google's Web Operating License

Google CEO Eric Schmidt said Thursday he expects Beijing to renew the license the company needs to continue operating a website in China.

Bank of Korea Raises Growth Forecast to 5.9%

South Korea's central bank raised its forecast for the country's economic growth this year to 5.9 percent on solid exports

New Jobless Claims Drop Sharply

New claims for unemployment benefits dropped sharply last week, a sign that layoffs could be slowing. At the same time, hundreds of thousands

Tepid June Retail Sales Separate Winners, Losers

Americans focused on deeply discounted clothing that they needed in June amid escalating worries about jobs, resulting in sluggish sales for many retailers

World Stocks Continue Rising on Growth Upgrade

World markets climbed Thursday on hopes that the global economy will recover faster than expected and as investors prepared for a European

IMF Boosts Global Growth Forecast Despite Risks

The global economy is recovering faster than expected but Europe's debt crisis might stall the rebound and governments need to shore up shaky

German Imports Outsurged Strong Exports in May

German exports rose by a healthy 9.2 percent on the month in May as an improving global economy stoked demand, while imports surged

Japan Machinery Orders Fell 9.1% in May

Japan's machinery orders, a closely watched indicator of future business investment, dropped more than expected in May, signaling that a recovery

YouTube Tries to Emulate Boob Tube

YouTube is trying to become as brainless and painless to watch as the boob tube. In the process, the Web's leading video site hopes to ...

Massive ABC IPO Reflects China Cash Squeeze

Agricultural Bank of China's $22 billion initial public offering is making headlines as potentially the world's biggest. It also underlining the cash squeeze

Asian Stocks Down Despite Wall Street Gains

Asian markets retreated Wednesday, with investors losing their appetite for stocks after a disappointing U.S. services sector report pointed to an anemic

Federal Deficit Tops $1 Tril. with 3 Months Left

The federal deficit has topped $1 trillion with three months still to go in the budget year, showing the lasting impact of the recession

New Jobless Claims Fall Sharply Again

New applications for unemployment benefits fell sharply last week as General Motors and other manufacturers skipped their usual summer shutdowns.

JPMorgan Profits Soar to $4.8 Bil. in Q2

JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from failed loans

Novartis Q2 Profits Up 19% to $2.44 Bil.

Drug maker Novartis AG has reported a second-quarter increase in net profit of 19 percent to US$2.44 billion on strong sales.

2010 Foreclosures to Pass 1 Mil. for First Time

More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog

China Economy Grew 11.1% During First Half of 2010

China's rapid growth is slowing as the impact of its massive stimulus eases and Beijing clamps down on a credit boom.

Asian Stocks Slip on U.S. Slowdown Concerns

Asian stock markets retreated Thursday after disappointing news on the U.S. economy chilled sentiment in Asia.

Turkey Emerges As Global Construction Power

An army of Turkish cranes and bulldozers is at work across the Middle East, Central Asia and Africa, building dams, stadiums and highways

Asian Stocks Jump on Intel Earnings, Singapore Growth

Asian stock markets jumped Wednesday, powered by better-than-expected earnings from chipmaking giant Intel Corp. and Singapore's forecast

Intel Posts Biggest Quarterly Profit in Decade

Intel Corp. has booked its largest quarterly net income in a decade as the chipmaker benefits from a stronger computer market

Jobless Claims Jump by 37,000

Seasonal factors boosted new requests for unemployment benefits last week as the job market remains weak amid a slow economic recovery.

Trade Deficit Jumps As Import Growth Outpaces Exports

The trade deficit rose in May to an 18-month peak as rising imports offset another solid gain in U.S. exports. The surge in imports was ...

Nissan Leads Japan Car Outsourcing with Thai-Made March

Nissan took the wraps off its new March subcompact Tuesday, which is being manufactured in Thailand for sale in Japan, underlining a trend for Japanese

Europe Stocks Rise on Alcoa Earnings, Asia Slips

Asian stock markets rose Tuesday as sentiment strengthened on better-than-expected earnings results from US aluminum maker Alcoa Inc.

Apple iPhone 4 Defective Says Consumer Reports

Consumer Reports said Monday it will not recommend Apple Inc.'s newest iPhone because of reception problems caused by its antenna design.

Conde Nast's Reddit Asks Readers for Donations

Though it's owned by a large media company, Reddit needs money, and it's turning to its loyal audience for help.

Hugh Hefner Makes Bid to Take Playboy Private

Hugh Hefner wants to buy out the portion of the Playboy empire he doesn't already own in a bet that the iconic brand can still ...

J&J to Buy Device Maker Micrus for $480 Mil.

Johnson & Johnson said Monday it will pay $480 million for medical device maker Micrus Endovascular, adding a range of treatments

Avon to Buy Silver Jeweler Silpada for $650 Mil.

Avon Products Inc., a direct seller of beauty products, agreed to buy Silpada Designs for at least $650 million in an effort to expand its ...

Asia Stocks Rise on Booming China Trade

Asian stock markets rose Monday, lifted by robust Chinese trade figures that eased worries the global recovery is losing momentum.

VW Profits Surge to $1.6 Bil. on China Demand

Sales at Volkswagen AG motored ahead in the second quarter, thanks in part to strong demand from China and helping to push earnings sharply

China Passed Japan to No. 2 Spot Says Currency Chief

China has overtaken Japan to become the world's second-largest economy, said China's currency chief Yi Gang in an interview

Chrysler to Add 900 Jobs for Midsize Car Plant

Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit. Its decision is a show of optimism

Recovery Slowed in Q2

The recovery lost momentum in the second quarter as growth slowed to a 2.4 percent pace, its most sluggish showing

Revised Data Show Recession Was Underestimated

The recession was deeper than the government previously thought. The Commerce Department, in revisions issued Friday

Disney Sells Miramax to Hollywood Newcomers

The Walt Disney Co. said Friday that it agreed to sell its Miramax Films to an investor group for about $660 million, ending a 17-year ...

Honda Profits Mushroom 32-Fold to New Record

Honda's quarterly profit ballooned to a record $3.2 billion while Mazda reduced its losses, rounding out a tale of recovery among Japanese automakers.

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