Caterpillar Expects Sales Rebound After Dismal Q4
Caterpillar, the world's biggest mining and construction equipment company, says fourth-quarter profit was dragged down by the sluggish economy
Business
Delta Q4 Loss Shrinks to $25 Mil.
Delta Air Lines posted a $25 million net loss for the final three months of 2009, much smaller than a year earlier.
UK Economy Grew Just 0.1% in Q4
Britain's worst recession since World War II is officially over — but only just.
Air New Zealand Offers Bed Seat in Economy
Air New Zealand said Tuesday it will set a new benchmark for longhaul flights by offering beds in economy class, but they come with a ...
Toyota Expects Sales to Grow to 8.27 Mil.
Toyota said Tuesday it plans to sell 8.27 million vehicles worldwide this year, up 6 percent from 2009, showing the world's No. 1 automaker is ...
Shiseido Starts $1.7 Bil. Offer for Bare Escentuals
Japanese cosmetics maker Shiseido Co. said Monday it has started a tender offer to buy all outstanding shares of Bare Escentuals
Apple Earned Record Profits in Q4
Apple Inc. rocketed to its most profitable quarter ever over the holidays, as huge sales of the iPhone and Macintosh computers led to a nearly ...
Wall Street Shrugs Off Bad December Housing Data
European stock markets extended losses Monday as a Wall Street rally ground to a halt following particularly bad U.S. housing data and ongoing
Google Wants to Stay in China After Search Exit
Even if its stand against censorship leads it to close its search engine in China, Google Inc. still hopes to maintain other key operations
Boeing Expected to Post Solid Q4 Profits
Boeing Co., the world's second-largest commercial aircraft maker after Europe's Airbus, reports its fourth-quarter results on Wednesday.
Japan's Prices, Wages Continue Falling
Japanese prices and wages continued to fall in December as deflation deepened its grip on the world's second biggest economy. Core consumer prices fell 1.3 ...
Korea Posts Biggest Export Jump in 21 Years
South Korea's exports surged in January, posting their biggest gain in more two than decades as shipments of auto parts, semiconductors and consumer
China Manufacturing Grows Despite Tighter Lending
China's manufacturing expanded in January and the outlook was positive despite government efforts to cool inflation by tightening control
Jobless Rate Unlikely to Be Cut Much in 2010
The economy's 5.7 percent growth last quarter — the fastest pace since 2003 — was a step toward shrinking the nation's 10 percent unemployment rate.
Selling on Good News Means Dips for Stocks
It's the spoiled brat market. Dozens of companies this past month posted blow-out earnings but instead of being thankful, investors stomped their feet and sold.
Japan Inc Pays High Price of Smugness
Toyota is the latest Japanese corporate icon making headlines for all the wrong reasons.
Toyota Gas Pedal Fix Gets U.S. Government Blessing
Toyota Motor Corp. plans to start sending parts to dealers in the coming days to fix a sticky gas pedal problem that has tarnished its ...
Surprising GDP Growth Cheers Markets
The economy's faster-than-expected growth at the end of last year, powered by companies replenishing stockpiles, is likely to weaken as consumers
Samsung Emerges As World's Biggest Tech Giant
Samsung Electronics Co. returned to profit in the fourth quarter as demand for flat screen televisions and mobile phones helped push sales to a record ...
Nintendo Chief Discounts Apple iPad Significance
Nintendo's president shrugged off the just unveiled iPad tablet computer from Apple as delivering "no surprises," and displayed as little enthusiasm
Dow Closes Below 10,000 for First Time in 3 Months
The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.
Jobless Claims, Durable Orders Hint at Slow Recovery
Evidence that the economic rebound remains sluggish emerged from reports Thursday on new claims for unemployment aid and orders to U.S. factories.
Estee Lauder Profits Surge 62% on Asia Growth
Growth in Asia and a cost-cutting worldwide program helped Estee Lauder's second-quarter profit rise 62 percent
Ford Surprises with $2.7 Bil. Profits for 2009
Ford Motor Co. made $2.7 billion in 2009, its first annual profit in four years.
Smart Phones Boost Nokia Profits 65%
The world's biggest mobile phone maker, Nokia Corp., on Thursday said strong sales of smart phones and lower costs helped profits rise 65 percent
Toyota Extends Recall to Europe, China
Toyota says it is recalling 75,500 vehicles in China for the same gas pedal problem behind the U.S. and European recalls.
Hyundai Profits Quadruple on Growth in China, India
Hyundai Motor's net profit nearly quadrupled in the fourth quarter on higher sales following a strong performance during 2009
Blatant Imitations of Google, YouTube Start Up in China
Imitation Web sites of both Google and YouTube have emerged in China as the country faces off against the real Google over its local operations.
Japan Retail Sales Down for 16th Month in December
Japanese retail sales declined for the 16th month in December, as consumers in the world's second biggest economy stayed cautious amid falling wages
Apple Unveils $499 iPad Tablet
Apple CEO Steve Jobs unveiled the company's much-anticipated iPad tablet computer Wednesday, calling it a new third category of mobile device
Obama Proposes Simple Fix for Social Security
President Barack Obama says Social Security is slowly running out of money but that it can exist well into the future with a slight fix.
Akio Toyoda Vows to Change Company's Ways
Toyota's president says he is changing the way the automaker does business as he addresses the safety problems that have led to the recall of ...
Nordstrom Profits More Than Double
Carrying less inventory helped upscale retailer Nordstrom Inc. more than double its second-quarter profit compared with a year earlier
Toyota Records Subpoenaed by Federal Grand Jury
Toyota has received a subpoena from a U.S. federal grand jury for documents related to the unintended acceleration of its vehicles and problems in the ...
Lufthansa Pilots Strike Disrupts Air Travel
Thousands of travelers scrambled to find flights, trains, hotel rooms or rental cars on Monday after Lufthansa pilots began a four-day walkout over job
Asia Stocks Up on Strong Growth in Taiwan, Thailand
World markets rose Monday as concerns that U.S. borrowing costs may be increased later this year diminished ahead of a testimony
Campbell Soup Profits Up Despite Falling Sales
Campbell Soup Co.'s second-quarter profit rose on cost controls and favorable exchange rates even as U.S. soup sales waned.
Asian Stocks Rebound from U.S. Rate Hike Shock
Asian stock markets rose sharply Monday, recovering from a tumble last week when the U.S. central bank decided to pull back one of its emergency ...
Toyota Boasted of Saving $100 Mil. on Floor Mat Recall
Toyota officials claimed they saved the company $100 million by successfully negotiating with the government on a limited recall of floor mats in some Toyota ...
Toyota Dealers Launch Own Campaign to Reclaim Image
How rattled are Toyota dealers about the company's problems? Some dealerships nearly hired the same crisis public relations firm that handled the travails of socialite ...
China Tightens Bank Lending Rules
Banking regulators in China have ordered institutions to tighten controls on risk and carefully scrutinize borrowers' ability to pay their debts
$1.5 Bil. LAX Expansion Construction Begins
Construction began Monday on a $1.5 billion project to expand the international terminal at Los Angeles International Airport
FDIC Shutters Banks in Calif., Fla., Texas, Ill.
Regulators shut four banks from California to Florida on Friday, boosting to 20 the number of U.S. bank failures this year following the 140 closures
Google Pays $125 Mil. for Video Compression Firm
Google Inc. said Friday that it finished its $124.6 million purchase of On2 Technologies Inc. after shareholders of On2 voted to approve the deal.
GE Cut 6% of Workforce in 2009
General Electric's overall work force fell by about 6 percent worldwide in 2009 as it struggled to deal with the effects of the deep recession
Nokia Fights to Keep Edge Against Apple, RIM
Nokia Corp. may be the world's top cell phone maker, but it's no longer a trendsetter, as a host of inventive and alluring technologies from ...
Nestle Reports $10 Bil. Year Profits on Solid Growth
Swiss food and drinks company Nestle SA reported a full-year net profit of 10.4 billion Swiss francs ($9.55 billion) Friday, a significant drop
Singapore Expects Up to 6.5% GDP Growth
Singapore raised its 2010 GDP forecast and now expects the city-state's economy to grow as much as 6.5 percent after contracting last year.
Manufacturing Growth Offsets Jobless Rate, Lifts Stocks
The stock market edged higher as news of stronger regional manufacturing offset concerns about unemployment and weak sales at Wal-Mart.
Bayer Regeneron Eye Drug Meets Study Goal
Regeneron Pharmaceuticals Inc. and Bayer HealthCare AG said Thursday their developing VEGF Trap-Eye drug met key vision improvement goals
Caterpillar Expects Sales Rebound After Dismal Q4
Caterpillar, the world's biggest mining and construction equipment company, says fourth-quarter profit was dragged down by the sluggish economy
Delta Q4 Loss Shrinks to $25 Mil.
Delta Air Lines posted a $25 million net loss for the final three months of 2009, much smaller than a year earlier.
UK Economy Grew Just 0.1% in Q4
Britain's worst recession since World War II is officially over — but only just.
Air New Zealand Offers Bed Seat in Economy
Air New Zealand said Tuesday it will set a new benchmark for longhaul flights by offering beds in economy class, but they come with a ...
Toyota Expects Sales to Grow to 8.27 Mil.
Toyota said Tuesday it plans to sell 8.27 million vehicles worldwide this year, up 6 percent from 2009, showing the world's No. 1 automaker is ...
Shiseido Starts $1.7 Bil. Offer for Bare Escentuals
Japanese cosmetics maker Shiseido Co. said Monday it has started a tender offer to buy all outstanding shares of Bare Escentuals
Apple Earned Record Profits in Q4
Apple Inc. rocketed to its most profitable quarter ever over the holidays, as huge sales of the iPhone and Macintosh computers led to a nearly ...
Wall Street Shrugs Off Bad December Housing Data
European stock markets extended losses Monday as a Wall Street rally ground to a halt following particularly bad U.S. housing data and ongoing
Google Wants to Stay in China After Search Exit
Even if its stand against censorship leads it to close its search engine in China, Google Inc. still hopes to maintain other key operations
Boeing Expected to Post Solid Q4 Profits
Boeing Co., the world's second-largest commercial aircraft maker after Europe's Airbus, reports its fourth-quarter results on Wednesday.
Japan's Prices, Wages Continue Falling
Japanese prices and wages continued to fall in December as deflation deepened its grip on the world's second biggest economy. Core consumer prices fell 1.3 ...
Korea Posts Biggest Export Jump in 21 Years
South Korea's exports surged in January, posting their biggest gain in more two than decades as shipments of auto parts, semiconductors and consumer
China Manufacturing Grows Despite Tighter Lending
China's manufacturing expanded in January and the outlook was positive despite government efforts to cool inflation by tightening control
Jobless Rate Unlikely to Be Cut Much in 2010
The economy's 5.7 percent growth last quarter — the fastest pace since 2003 — was a step toward shrinking the nation's 10 percent unemployment rate.
Selling on Good News Means Dips for Stocks
It's the spoiled brat market. Dozens of companies this past month posted blow-out earnings but instead of being thankful, investors stomped their feet and sold.
Japan Inc Pays High Price of Smugness
Toyota is the latest Japanese corporate icon making headlines for all the wrong reasons.
Toyota Gas Pedal Fix Gets U.S. Government Blessing
Toyota Motor Corp. plans to start sending parts to dealers in the coming days to fix a sticky gas pedal problem that has tarnished its ...
Surprising GDP Growth Cheers Markets
The economy's faster-than-expected growth at the end of last year, powered by companies replenishing stockpiles, is likely to weaken as consumers
Samsung Emerges As World's Biggest Tech Giant
Samsung Electronics Co. returned to profit in the fourth quarter as demand for flat screen televisions and mobile phones helped push sales to a record ...
Nintendo Chief Discounts Apple iPad Significance
Nintendo's president shrugged off the just unveiled iPad tablet computer from Apple as delivering "no surprises," and displayed as little enthusiasm
Dow Closes Below 10,000 for First Time in 3 Months
The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.
Jobless Claims, Durable Orders Hint at Slow Recovery
Evidence that the economic rebound remains sluggish emerged from reports Thursday on new claims for unemployment aid and orders to U.S. factories.
Estee Lauder Profits Surge 62% on Asia Growth
Growth in Asia and a cost-cutting worldwide program helped Estee Lauder's second-quarter profit rise 62 percent
Ford Surprises with $2.7 Bil. Profits for 2009
Ford Motor Co. made $2.7 billion in 2009, its first annual profit in four years.
Smart Phones Boost Nokia Profits 65%
The world's biggest mobile phone maker, Nokia Corp., on Thursday said strong sales of smart phones and lower costs helped profits rise 65 percent
Toyota Extends Recall to Europe, China
Toyota says it is recalling 75,500 vehicles in China for the same gas pedal problem behind the U.S. and European recalls.
Hyundai Profits Quadruple on Growth in China, India
Hyundai Motor's net profit nearly quadrupled in the fourth quarter on higher sales following a strong performance during 2009
Blatant Imitations of Google, YouTube Start Up in China
Imitation Web sites of both Google and YouTube have emerged in China as the country faces off against the real Google over its local operations.
Japan Retail Sales Down for 16th Month in December
Japanese retail sales declined for the 16th month in December, as consumers in the world's second biggest economy stayed cautious amid falling wages
Apple Unveils $499 iPad Tablet
Apple CEO Steve Jobs unveiled the company's much-anticipated iPad tablet computer Wednesday, calling it a new third category of mobile device
Obama Proposes Simple Fix for Social Security
President Barack Obama says Social Security is slowly running out of money but that it can exist well into the future with a slight fix.
Akio Toyoda Vows to Change Company's Ways
Toyota's president says he is changing the way the automaker does business as he addresses the safety problems that have led to the recall of ...
Nordstrom Profits More Than Double
Carrying less inventory helped upscale retailer Nordstrom Inc. more than double its second-quarter profit compared with a year earlier
Toyota Records Subpoenaed by Federal Grand Jury
Toyota has received a subpoena from a U.S. federal grand jury for documents related to the unintended acceleration of its vehicles and problems in the ...
Lufthansa Pilots Strike Disrupts Air Travel
Thousands of travelers scrambled to find flights, trains, hotel rooms or rental cars on Monday after Lufthansa pilots began a four-day walkout over job
Asia Stocks Up on Strong Growth in Taiwan, Thailand
World markets rose Monday as concerns that U.S. borrowing costs may be increased later this year diminished ahead of a testimony
Campbell Soup Profits Up Despite Falling Sales
Campbell Soup Co.'s second-quarter profit rose on cost controls and favorable exchange rates even as U.S. soup sales waned.
Asian Stocks Rebound from U.S. Rate Hike Shock
Asian stock markets rose sharply Monday, recovering from a tumble last week when the U.S. central bank decided to pull back one of its emergency ...
Toyota Boasted of Saving $100 Mil. on Floor Mat Recall
Toyota officials claimed they saved the company $100 million by successfully negotiating with the government on a limited recall of floor mats in some Toyota ...
Toyota Dealers Launch Own Campaign to Reclaim Image
How rattled are Toyota dealers about the company's problems? Some dealerships nearly hired the same crisis public relations firm that handled the travails of socialite ...
China Tightens Bank Lending Rules
Banking regulators in China have ordered institutions to tighten controls on risk and carefully scrutinize borrowers' ability to pay their debts
$1.5 Bil. LAX Expansion Construction Begins
Construction began Monday on a $1.5 billion project to expand the international terminal at Los Angeles International Airport
FDIC Shutters Banks in Calif., Fla., Texas, Ill.
Regulators shut four banks from California to Florida on Friday, boosting to 20 the number of U.S. bank failures this year following the 140 closures
Google Pays $125 Mil. for Video Compression Firm
Google Inc. said Friday that it finished its $124.6 million purchase of On2 Technologies Inc. after shareholders of On2 voted to approve the deal.
GE Cut 6% of Workforce in 2009
General Electric's overall work force fell by about 6 percent worldwide in 2009 as it struggled to deal with the effects of the deep recession
Nokia Fights to Keep Edge Against Apple, RIM
Nokia Corp. may be the world's top cell phone maker, but it's no longer a trendsetter, as a host of inventive and alluring technologies from ...
Nestle Reports $10 Bil. Year Profits on Solid Growth
Swiss food and drinks company Nestle SA reported a full-year net profit of 10.4 billion Swiss francs ($9.55 billion) Friday, a significant drop
Singapore Expects Up to 6.5% GDP Growth
Singapore raised its 2010 GDP forecast and now expects the city-state's economy to grow as much as 6.5 percent after contracting last year.
Manufacturing Growth Offsets Jobless Rate, Lifts Stocks
The stock market edged higher as news of stronger regional manufacturing offset concerns about unemployment and weak sales at Wal-Mart.
Bayer Regeneron Eye Drug Meets Study Goal
Regeneron Pharmaceuticals Inc. and Bayer HealthCare AG said Thursday their developing VEGF Trap-Eye drug met key vision improvement goals
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