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Wal-Mart Profits Jump Amid Declining Sales

Wal-Mart Stores Inc. reported a 22 percent increase in its fourth-quarter profit as the world's largest retailer cut costs and slimmed down its inventories.

China Firm Seeks Private Equity to Close Hummer Buy

The planned purchase of General Motors Co.'s Hummer brand by a Chinese heavy equipment maker appears stalled by regulators

Toyota Faces More Hurdles to Business As Usual

Even as Toyota CEO Akio Toyoda wrapped up a grueling appearance before Congress, the head of the world's largest automaker wasn't leaving

Durables Orders Rise on Surging Aircraft Sales

Orders to U.S. factories for big-ticket manufactured goods shot up in January by the largest amount in six months, but the strength came from a ...

Kohl's Profits Up on Strong Sales, Tight Inventory

Kohl's Corp. grew its profit in the fourth quarter as it kept its inventory levels lean and took advantage of shoppers' trend toward buying value-priced ...

Gilette, PGA Move on Without Tiger Woods

The CEO of the Procter & Gamble Co. says he doesn't know whether golfer Tiger Woods will ever appear in another Gillette commercial

GM Effort to Sell Hummer to Chinese Firm Collapses

Hummer, the off-road vehicle that once symbolized America's love for hulking SUVs, has hit a dead end after its sale to a Chinese heavy equipment

Bloom Stays Secretive on Day Promised for Fuel Cell Debut

Bloom Energy, a richly funded Silicon Valley startup, had promised to debut its fuel-cells today. But the company revealed little and is keeping critical parts

Saks Loss Shrinks in Q4

Luxury retailer Saks Inc. reported Wednesday that its loss narrowed in the fourth quarter compared with last year, as results were helped by reduced

Sanyo Aims to Keep Top Battery Spot into Age of Plug-Ins

Sanyo is aiming to maintain its position as the world's No. 1 in rechargeable batteries in the years ahead, taking advantage of the size

Fishermen Rally Against Federal Catch Limits

Thousands of fishermen from around the country are gathering Wednesday in front of the Capitol to demand changes to a federal fisheries law

Daimler's Q4 Loss Bigger Than Expected

German car and truck maker Daimler AG lost €352 million ($482 million) in the fourth quarter amid the global economic slump, contributing to a larger-than-expected ...

Hyundai Recalls Sonata to Replace Door Latches

Hyundai Motor on Wednesday announced a recall of about 47,000 of its new Sonata sedans to replace front door latches following a handful

Asian Stocks Slide on U.S. Consumer Confidence Drop

Asian stock markets slid Wednesday after a plunge in American consumer confidence magnified worries about the U.S. recovery.

Silicon Valley Firm to Unveil Breakthrough Fuel Cell

A secretive Silicon Valley startup working on a new way to produce cleaner energy is taking the wraps off its product: a huge box of ...

Intel Suffered Hacker Attack Same Time As Google's

Intel Corp. has revealed that it was targeted by a "sophisticated" hacker attack this year at about the same time as a spying probe that ...

Toyota Says Recalls May Not Fix Acceleration Problem

Toyota's top U.S. official says the company's massive recalls may "not totally" solve the company's problems with unintended acceleration

Wall Street Bonuses Up 17% in Bailout Year

Wall Street bonuses were up 17 percent to over $20 billion in 2009, the year taxpayers bailed out the financial sector after its meltdown

100-MPH Lexus Ride to Set Tone for Toyota Hearing

Rhonda Smith's story of six miles of interstate terror, as her Lexus suddenly zoomed to 100 miles per hour, will set the mood Tuesday

China Unicom Denies Bidding on Nigerian Phone Co.

State-owned China Unicom Ltd. said Tuesday it has expressed interest in a technical role in the privatization of a Nigerian phone company but denied reports

Calif. Solar Project Gets $1.4 Bil. Federal Loan Guarantee

The Obama administration has given preliminary approval for $1.4 billion in loan guarantees for a massive solar-energy project in California's Mojave Desert.

Toyota Reprograms Prius Brake Software in Japan

Prius owners in Japan are rushing to dealers for repairs a day after Toyota's president announced a global recall for a glitch in the car's ...

New Jobless Claims Data Raise Recovery Hopes

The number of newly laid-off workers seeking unemployment benefits fell more than expected last week to the lowest total in a month

World Markets Rise on Greece Bailout Hopes

World markets rose Thursday on hopes that European leaders will rescue Greece from its crushing debt load and restore confidence

Bank of Korea Keeps Interest Rates at Record Low

South Korea's central bank left its key interest rate at a record low Thursday after the country's economic growth slowed at the end of last ...

Commercial Real Estate Danger Seen by Panel

Over the next several years, failed commercial real estate loans could litter American cities with empty stores and office complexes

China Inflation Eases, Cuts Interest-Rate Pressure

A spike in China's inflation eased in January, reducing pressure for Beijing to hike interest rates and cool surging prices as it tries to keep ...

Silicon Valley Economy May Be Losing Global Edge

Silicon Valley's economy took a big hit during the global meltdown and could have trouble climbing out, according to a report released Wednesday.

Americans Spent Modestly in January

Americans backed off from their holiday spending pace in January, but retail sales rose for a third month in a row compared with a year ...

Opera to Unveil Unapproved Browser for iPhone

Opera Software ASA announced Wednesday that it will unveil an iPhone version of its Opera Mini mobile phone browser at an international tech conference

World Markets Rise on Greece Bailout Prospects

Greek shares led world markets higher Wednesday amid mounting hopes that German opposition to a European Union financial rescue package

Yang, Filo to Sell 5 Million Shares of Yahoo

The founders of search and news company Yahoo Inc. are planning to sell up to five million shares over the next 15 months

China Imports Skyrocket As Trade Enters Full Recovery

China's export growth accelerated in January and imports rose, adding to signs a recovery in global and Chinese demand is on track.

Honda Adds 437,000 Cars to Global Airbag Recall

Honda Motor Co. is adding 437,000 vehicles to its 15-month old global recall for faulty airbags in the latest quality problem to hit a Japanese ...

Baidu Posts 48% Profit Jump on Booming Growth

Chinese Internet search company Baidu Inc. on Tuesday said its fourth-quarter earnings rose by 48 percent as revenue climbed.

Toyota Recalls 437,000 Hybrids for Brake Fix

Toyota says it is recalling about 437,000 Prius and other hybrid vehicles worldwide to fix brake problems — the latest in a string of embarrassing ...

JAL Rebuffs Delta, Sticks with American

Japan Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, spurned the world's biggest carrier

German Exports Fell Most in 60 Years

German exports tumbled by nearly one-fifth last year, the biggest fall for 60 years and one that officially knocked the country off its perch

HK Animation Studio Behind TMNT, Astroboy Shuts Down

The Hong Kong studio behind "TMNT" and "Astro Boy" has shut down as its parent company tries to recover from losses.

Nissan Returned to Profit in Q4

Japanese carmaker Nissan Motor Co. said Tuesday it booked a profit in the October-December quarter after a deep loss a year earlier

Apple Wins Smart Phone Sales at Blackberry's Expense

Apple Inc.'s iPhone gained a percentage point of U.S. smart phone market share while BlackBerry maker Research in Motion Inc. lost a point in the ...

Kraft Profits More than Treble on Rising Sales

Kraft Foods Inc. said Tuesday its fourth-quarter profit more than tripled on strength in developing markets and continued benefits

U.S. to Probe Toyota Corolla Power Steering

The Transportation Department plans to open a formal investigation into the 2009-2010 Toyota Corolla over potential problems with the car's power steering

Sands Loss Narrows on Gambling Rebound in Macau, Vegas

Casino operator Las Vegas Sands Corp. said Wednesday that its fourth-quarter loss narrowed as its casinos in Macau showed a strong recovery

HP Profits Grow 25% on PC Sales, Cost-Cutting

Hewlett-Packard Co.'s profit swelled 25 percent in the latest quarter because of cost-cutting and a stronger showing from its personal-computer division.

Eurozone Exports Shrank 18% in 2009

Eurozone exports fell 18 percent in 2009 as world trade contracted and the euro soared against the U.S. dollar, according to official EU data published ...

Toyota Considers Recall of Corolla Power Steering

Toyota is considering a recall of its hot-selling Corolla subcompact after complaints about power steering problems — another blow to the world's largest automaker

World Markets Rise on Strong U.S. Earnings

Asian stocks gained Wednesday on renewed investor confidence in the U.S. economy while concerns about Greece's debt crisis eased.

Four Top U.S. Carriers Vie for Central Tokyo Route

The four biggest U.S. airlines applied on Tuesday for coveted slots at Tokyo's downtown airport, aiming to grab a bigger share of traffic

Metronics Introduces Brain-Stimulation Implants

Medtronic Inc. said Tuesday it began marketing two surgically implanted devices that are intended to help relieve symptoms for patients with neurodegenerative diseases.

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