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Caterpillar to Buy Surface Mining Equipper for $7.6 Bil.

Caterpillar Inc., the world's largest construction and mining equipment maker, said Monday it has agreed to buy Bucyrus International Inc. for $7.6 billion

Oct Retail Sales Gain Most Since March

Retail sales, helped by strong demand for autos, increased in October by the largest amount in seven months. The Commerce Department

Retail Sales, Caterpillar Buy Drive Up Stock Prices

U.S. stock futures pointed to a higher open Monday as investors hope to move beyond worries about Ireland's debt drama that dragged major indexes

Food Industry Outpaces Rest of Economy

While the recession took a toll on manufacturing and other industries, one part of the economy has remained a bright spot over the past few ...

Newsweek Merges with Tina Brown's Daily Beast

Newsweek, a 77-year-old magazine that once helped set the national news agenda, is linking its future with a startup website just two years in the ...

S. Korea Raises Key Interest Rate Again

South Korea's central bank raised its key interest rate Tuesday for the second time in four months amid persistent concerns about inflation.

Shanghai Stocks Plunge on China Rate Hike Fears

Chinese shares led world markets lower Friday amid mounting concerns Beijing will raise interest rates to cool its overheating economy.

Airbus Parent Returns to Profit

Airbus' parent company EADS NV reported a narrow third-quarter profit on Friday, rebounding from a loss a year earlier as the commercial plane-making

Toyoda, Musk Cement Ties Over Pimped-Out Tesla

The usually grim-faced Toyota President Akio Toyoda was all smiles Friday, trumpeting a newfound friendship with U.S. luxury electric carmaker Tesla.

Nissan Recalls 600,000 Cars for Steering, Battery Cable

Nissan Motor Co. is recalling more than 600,000 vehicles in North and South America and Africa due to steering or battery cable problems.

Cisco Shortfall Seen As Tech Sector Omen

A gloomy outlook from Cisco Systems Inc. is shaking some investors' faith in the strength of the technology industry's recovery.

Phone Books Soon to Become Cultural Relics

What's black and white and read all over? Not the white pages, which is why regulators have begun granting telecommunications companies the go-ahead

Bollywood Takes Bigger Role in Hollywood

Hollywood and Bollywood have come together to create a Los Angeles-India Film Council to attract more Indian moviemakers to L.A.

Foreclosures Fall 9% on Procedural Hitch

The number of U.S. homes repossessed by lenders last month fell by the sharpest margin this year, as several major lenders temporarily halted most

Cisco Outlook Raises Fears of Slipping Competitiveness

Cisco Systems Inc. has given a disappointing sales forecast for the second quarter in a row, raising doubts about the network equipment maker's

Consumer Prices Show No Inflation Threat

Consumer prices rose moderately in October but there was little sign of inflation as the cost of autos, clothing and hotels fell.

Leading Economic Indicators Rise Fastest Since May

A gauge of future economic activity grew in October after a summer lull, suggesting the U.S. economy will slowly start strengthening early next year.

Dell Profits Double As Businesses Upgrade

Personal computer maker Dell Inc. said Thursday that its net income for the latest quarter more than doubled as companies spent more to replace

GM Shares Surge As Trading Opens

General Motors stock began trading on Wall Street again Thursday, signaling the rebirth of an American corporate icon that collapsed into bankruptcy

World Markets Rebound from String of Losses

World stock markets rose Thursday as investors grew increasingly confident that details of an Irish financial rescue package will emerge over the coming

Ford Cuts Stake in Mazda to 3.5%

Japanese automaker Mazda says Ford is reducing its stake to 11 percent to 3.5 percent, but their partnership will continue in developing and marketing

Singapore Growth to Slow Sharply Next Year

Singapore's economic growth will slow sharply next year as U.S. and European demand for the island's exports weakens, the government said Thursday

GM's Record IPO Ends Gov't's Majority Stake

General Motors is returning to life as a public company Thursday with a stock offering worth potentially $23 billion, ending the government's role as majority

Airbus to Replace Up to 40 Superjumbo Engines

Up to half of the Airbus superjumbo engines of the type that disintegrated in flight on a Qantas plane may need to be replaced in ...

Toyota to Sell in Plug-In Hybrid in U.S., Japan, Europe

Toyota is planning to sell a plug-in hybrid car in the U.S., Japan and Europe in 2012, targeting sales of 50,000 vehicles a year at ...

China Raises Interest Rates 3rd Time in 2011

China's central bank, the People's Bank of China (PBOC), is raising the benchmark one-year borrowing...

Housing Construction Fell Sharply in October

Construction of new homes fell sharply in October, fresh evidence that the housing industry remains under duress. The Commerce Department says construction

China Challenges Boeing, Airbus with First 6 Orders

Commercial Aircraft Corp of China (COMAC) opened its challenge to Boeing and Airbus with its first 100 orders for its C919 single-aisle commercial

Target Profits Surge on Food Sales, Credit Card

Target Corp. reported that its third-quarter earnings rose 22.6 percent in the third quarter, helped by improvements in its credit card business

U.S. Homebuilder Sentiment Improves in Nov.

U.S. homebuilders battered by the worst summer for home sales in a decade are already looking ahead to spring, saying they feel somewhat

Stocks Fall on Anti-Inflation Measures in China, Korea

China's stock market plunged again Tuesday and prompted a retreat in European shares, as investors feared a slowdown in Asian growth and waited

Expanded GM IPO May Set New World Record

Investor demand for General Motors stock has been so strong that the company will expand its initial public offering by 31 percent, to 478 million ...

Overseas Growth Lifts A&F to Fatter Profits

Preppy teen clothing seller Abercrombie & Fitch Co. said Tuesday that higher international revenue and improving results in the U.S. helped its third-quarter

Google Unveils Cell Phone with Payment System

Google Inc. is taking another stab at designing a game-changing mobile phone, this time by including a built-in payment system that could eventually

Facebook's New Messaging Puts Message Over Form

Facebook is betting that one day soon, we'll all be acting like high school students — more texting and instant-messaging, at the expense of e-mail.

Asia Stocks Stabilize After Early Plunge

Asia's stock markets stabilized Tuesday after early plunges as U.S. stock futures hinted at a Wall Street recovery.

China Buys Foreign Firms at Record Pace

A growing hunger for consumer brands and industrial technology drove China's outbound M&As to record high levels

Japanese Firms Seek Relief in Overseas Operations

Over half of Japan's 105 leading firms plan to counter the strong yen, power shortages and falling share prices by expanding operations overseas.

Japan Q2 GDP Falls for 3rd Straight Quarter

Japan's economy shrank an annualized real rate of 1.3 percent in the April-June quarter.

S. Korea Hosts 716,000 Foreign Workers

A growing demand for labor by S. Korea's small firms has swollen the ranks of foreign workers to 2.9 percent of the total labor force.

H&M to Double Japan Stores by 2012

H&M will more than double the number of stores in Japan over the next year on exploding demand from fashion consumers.

Ming Chow Spots Big Security Holes in HTML5

The next big advance in web browsing could be a quantum leap in opportunities for hackers.

Japan Raises Forecasts As Economy Recovers

Japan revised upward its monthly economic forecasts as production and exports recover from the downturn following the March earthquake.

China's July Car Sales Suggest Stronger 2nd Half

A small but significant rise in China's July car sales and output is being seen as an encouraging sign of a rebound in the making ...

China's July Trade Surplus Growth Surprises

China's July trade surplus of $31.5 billion was the biggest in two and a half years, surprising economists.

Toshiba to Build Major Energy-Efficient Community

Toshiba Corp. will develop one of the world's biggest energy efficient “smart communities” in Osaka Prefecture.

Hyundai-Kia Closes on 15% of U.S. Car Market

The Hyundai-Kia Automotive Group is expecting its share of the U.S. market to pass 15% for the month of August, the company announced Monday.

Nelson Chai Named President of CIT Group

Nelson Chai has been promoted to president of CIT Group from his post as chief administrative officer and strategy chief.

Samsung, LG Extend Lead in N. American Mobile Phones

Samsung and LG are increasing their lead in the North American cell phone market.

Only 61.6% of Japan's New Grads Have Jobs

Nearly two of every five Japanese university students who graduated this spring have been unable to find full-time jobs.

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