China Seen as Top Market for Mercedes-Benz
China will be the world's biggest market for Mercedes-Benz vehicles by 2015, the company has announced. Consequently, Daimler AG pledged
Business
Unemployment Rate Fell in 23 States in Sept.
Nearly half of U.S. states reported drops in their unemployment rates last month, the best showing since June. But job creation was weak in most
German Business Confidence Highest Since March '07
German business confidence has risen to a 3 1/2-year high as gloom lifts over managers' outlook, defying expectations of a fall, a closely watched
More Working Americans Get Food Stamps
Lillie Gonzales does whatever it takes to provide for three ravenous sons who live under her roof. She grows her own vegetables at home on ...
Ericsson Profits Soar on Sony Joint Venture
Swedish wireless equipment maker LM Ericsson AB on Friday said third-quarter net profits rose more than fourfold largely on the back of lower
Wholesale Prices Rise on Food, Energy Costs
Wholesale prices rose last month due to higher costs for food and energy. But the increase isn't likely to spark fears of widespread inflation.
Luxury Sales Back to Pre-Crisis Levels
The luxury sector is rebounding better-than-expected this year thanks in large part to wealthy Americans replenishing their wardrobes after a year
Sept. Retails Sales Rose for Third Straight Month
Americans spent more money on cars, furniture and at hardware stores to boost retail sales to a third monthly increase in September.
GE Profits Fell 18% on Lower Equipment Sales
General Electric Co. says its third-quarter income fell 18 percent because of lower equipment sales and a loss from a Japanese division that it's selling.
Infosys Reports 18% Higher Profits
Infosys Technologies Ltd., India's bellwether information technology outsourcing company, beat expectations Friday with an 18 percent rise
Sony Ericsson Slips in Tough Smart Phone Market
Mobile phone maker Sony Ericsson on Friday reported a third consecutive net profit in the third quarter, mainly thanks to success
AMD Returns to Profit in Core Chip Business
Advanced Micro Devices narrowed its third-quarter loss as the chip maker's remaining stake in factories it spun off last year dragged down the results.
Google Profits Jump 32% on Soaring Ad Sales
Google said Thursday that its net income jumped 32 percent to beat Wall Street's expectations. That's despite adding 1,500 workers in the quarter and spending
Mortgage Rates Fall to 4.19%, Lowest in Decades
Rates on 30-year mortgages fell to 4.19 percent, the lowest level in decades. They were pushed down by lower Treasury bond yields.
Jobless Claims Rise Slightly to 462,000
Applications for jobless benefits rose last week for the first time in three weeks, evidence that companies are reluctant to hire in a slow economy.
Nikkei Gains on Tech Optimism
Asian stock markets were mixed in early trading Monday, with Japanese tech shares gaining after Google's upbeat earnings sparked a Nasdaq rally
Trade Deficit Surges As Businesses Restock
The U.S. trade deficit widened sharply in August, reflecting a surge in imports of consumer products as businesses restocked their shelves in hopes
Apple Set to Unveil Next Version of Mac OS X
Apple is inviting media to its Cupertino, Calif., headquarters for a Macintosh computer-related event on Oct. 20.
Dollar Hits 15-Year Low Against Yen
The dollar hit a fresh 15-year-low against the yen in Tokyo Thursday amid growing speculation that the Federal Reserve will ease monetary policy next month.
Asia Stocks Rise on Strong U.S. Earnings
Asian stock markets advanced in early trading Thursday, lifted by better-than-expected earnings results from U.S. corporate bellwethers
HTC G2 Impressive on T-Mobile's Faster Network
Two years ago, the Android invasion began when T-Mobile released the first smart phone running Google's Android operating system, HTC's G1.
Microsoft, Alibaba Test New China Search Engine
Microsoft Corp. and Alibaba Group, China's biggest e-commerce site, are testing a search service, adding a new competitor to a crowded Chinese
World Stocks Rise on Surging Intel Sales
World stocks rallied Wednesday after the Federal Reserve cemented expectations it will further boost the faltering U.S. economy at its next rate-setting
Eurozone Industrial Output Rises 1%
Industrial output in the 16 countries that use the euro rose by a monthly 1 percent in August, official figures showed Wednesday, easing concerns
Burberry to Expand Stores 25% on Strong Profits
Luxury goods company Burberry Group says sales rose by 17 percent in the first half of its financial year, and it expects a full-year profit ...
Facebook Apps Found to Be Leaking Personal Data
The latest Facebook privacy fiasco shows that the world's largest online social hub is having a hard time putting this thorny issue behind it even
Intel to Spend $8 Bil. on U.S. Plants for Faster Chips
Intel Corp. on Tuesday revealed the scope of its latest infusion to keep its factories cutting-edge and push the chip industry's pace: an investment
Goldman Earnings Blow Past Forecasts
Goldman Sachs Group Inc.'s earnings easily beat analysts' forecasts again, but the bank saw a big slowdown in trading, its most profitable business.
Single-Family Home Growth Offset by Drop in Apts.
Home construction rose slightly last month on the strength of single-family homes, but the market was still too weak to propel growth
Coca-Cola Profits Up on Global Sales Growth
Coca-Cola Co.'s third-quarter net income rose 8.4 percent as it sold more of its soft drinks and juices around the world and U.S. sales extended
J&J Profits Up Slightly Despite Lower Sales
Health care giant Johnson & Johnson eked out a 2 percent profit increase in its third quarter, even though sales were down slightly, hurt by ...
Posco's $12 Bil. India Plant May Be Halted by Gov't
A government panel wants to withdraw environmental clearances for South Korean steel giant Posco to build a $12 billion steel plant in India
China Signals Full Recovery with Rate Hike
China raised its benchmark lending rate Tuesday for the first time since emerging from the global crisis as the government tries to cool inflation
East Asia Output Above Pre-Recession Levels
The World Bank raised its growth forecast for East Asia's developing countries Tuesday but said governments need to control rising risks
IBM Beats Views, Raises Outlook
IBM's net income rose 12 percent and the technology company raised its 2010 profit forecast slightly as it wrings more out of its services and ...
Durable Goods Orders Rise on Aircraft Demand
A surge in demand for commercial aircraft lifted orders for big-ticket manufactured goods in September, but businesses spent less on products
Airline Profits Soared on Higher Fares, Fees
Fewer seats, higher fares and more money from fees may just add up to the highest quarterly profit in three years for the nation's long-suffering ...
Starbucks Starts Serving Beer, Wine
Something new is on the menu at a renovated Starbucks in Seattle: beer and wine. The store that reopened Monday
China Boosts U.S. Treasury Holdings After Drop
China, the largest holder of U.S. Treasury debt, increased its holdings for a second straight month in August after two months of declines.
Investors Encouraged by Citi Earnings, Housing Data
Better than expected third-quarter earnings from Citigroup Inc. on Monday helped shore up sentiment in stock markets at the start of a busy week
Halliburton Profits Double on Natural Gas Drilling
Halliburton Co. said Monday its net income more than doubled in the third quarter as vigorous drilling for natural gas onshore in the U.S. offset
France Forced to Cut Half of Flights Amid Strikes
France's civil aviation authority says airlines must drastically cut back on their flights into France on Tuesday due to strikes over the government's pension
Citi Posts $2.15 Bil. Profit As Loan Losses Decline
Citigroup says it has turned a profit for the third straight quarter as losses from failed loans declined.
Asia Stocks Fall, Dollar Strengthens on Fed Doubts
Asian stocks fell Monday at the start of a busy week on both the economic and corporate news front, while the dollar recouped some recent ...
Hitachi, Johnson Controls Ink Lithium-Ion Battery Pact
Japanese electronics company Hitachi is tying up with a U.S. battery-maker in developing and making batteries for green vehicles, both sides
Panasonic Invests $30 Mil. in Tesla Motors
Panasonic Corp. is investing $30 million in Tesla Motors Inc., the U.S. maker of electric sports cars, eyeing expansion in the global market for green
Private Employers Added 159,000 Workers in Oct.
The economy generated a net gain in jobs for the first time in five months in October, as businesses stepped up their painfully slow pace ...
Toyota Profits Quadruple to $1.2 Bil.
Toyota's second quarter profit more than quadrupled on a sales recovery despite lingering worries about the quality of its cars after massive recalls.
Bridgestone Returns to Profit on Tire Demand
Bridgestone Corp. said Friday its earnings are continuing to recover this year as demand for its tires improves, especially at home in Japan.
Shanghai Readies Deal for Next Disneyland
Just days after Shanghai wrapped up its role as host to the World Expo, China's commercial capital is setting its sights on another big tourism ...
China Seen as Top Market for Mercedes-Benz
China will be the world's biggest market for Mercedes-Benz vehicles by 2015, the company has announced. Consequently, Daimler AG pledged
Unemployment Rate Fell in 23 States in Sept.
Nearly half of U.S. states reported drops in their unemployment rates last month, the best showing since June. But job creation was weak in most
German Business Confidence Highest Since March '07
German business confidence has risen to a 3 1/2-year high as gloom lifts over managers' outlook, defying expectations of a fall, a closely watched
More Working Americans Get Food Stamps
Lillie Gonzales does whatever it takes to provide for three ravenous sons who live under her roof. She grows her own vegetables at home on ...
Ericsson Profits Soar on Sony Joint Venture
Swedish wireless equipment maker LM Ericsson AB on Friday said third-quarter net profits rose more than fourfold largely on the back of lower
Wholesale Prices Rise on Food, Energy Costs
Wholesale prices rose last month due to higher costs for food and energy. But the increase isn't likely to spark fears of widespread inflation.
Luxury Sales Back to Pre-Crisis Levels
The luxury sector is rebounding better-than-expected this year thanks in large part to wealthy Americans replenishing their wardrobes after a year
Sept. Retails Sales Rose for Third Straight Month
Americans spent more money on cars, furniture and at hardware stores to boost retail sales to a third monthly increase in September.
GE Profits Fell 18% on Lower Equipment Sales
General Electric Co. says its third-quarter income fell 18 percent because of lower equipment sales and a loss from a Japanese division that it's selling.
Infosys Reports 18% Higher Profits
Infosys Technologies Ltd., India's bellwether information technology outsourcing company, beat expectations Friday with an 18 percent rise
Sony Ericsson Slips in Tough Smart Phone Market
Mobile phone maker Sony Ericsson on Friday reported a third consecutive net profit in the third quarter, mainly thanks to success
AMD Returns to Profit in Core Chip Business
Advanced Micro Devices narrowed its third-quarter loss as the chip maker's remaining stake in factories it spun off last year dragged down the results.
Google Profits Jump 32% on Soaring Ad Sales
Google said Thursday that its net income jumped 32 percent to beat Wall Street's expectations. That's despite adding 1,500 workers in the quarter and spending
Mortgage Rates Fall to 4.19%, Lowest in Decades
Rates on 30-year mortgages fell to 4.19 percent, the lowest level in decades. They were pushed down by lower Treasury bond yields.
Jobless Claims Rise Slightly to 462,000
Applications for jobless benefits rose last week for the first time in three weeks, evidence that companies are reluctant to hire in a slow economy.
Nikkei Gains on Tech Optimism
Asian stock markets were mixed in early trading Monday, with Japanese tech shares gaining after Google's upbeat earnings sparked a Nasdaq rally
Trade Deficit Surges As Businesses Restock
The U.S. trade deficit widened sharply in August, reflecting a surge in imports of consumer products as businesses restocked their shelves in hopes
Apple Set to Unveil Next Version of Mac OS X
Apple is inviting media to its Cupertino, Calif., headquarters for a Macintosh computer-related event on Oct. 20.
Dollar Hits 15-Year Low Against Yen
The dollar hit a fresh 15-year-low against the yen in Tokyo Thursday amid growing speculation that the Federal Reserve will ease monetary policy next month.
Asia Stocks Rise on Strong U.S. Earnings
Asian stock markets advanced in early trading Thursday, lifted by better-than-expected earnings results from U.S. corporate bellwethers
HTC G2 Impressive on T-Mobile's Faster Network
Two years ago, the Android invasion began when T-Mobile released the first smart phone running Google's Android operating system, HTC's G1.
Microsoft, Alibaba Test New China Search Engine
Microsoft Corp. and Alibaba Group, China's biggest e-commerce site, are testing a search service, adding a new competitor to a crowded Chinese
World Stocks Rise on Surging Intel Sales
World stocks rallied Wednesday after the Federal Reserve cemented expectations it will further boost the faltering U.S. economy at its next rate-setting
Eurozone Industrial Output Rises 1%
Industrial output in the 16 countries that use the euro rose by a monthly 1 percent in August, official figures showed Wednesday, easing concerns
Burberry to Expand Stores 25% on Strong Profits
Luxury goods company Burberry Group says sales rose by 17 percent in the first half of its financial year, and it expects a full-year profit ...
Facebook Apps Found to Be Leaking Personal Data
The latest Facebook privacy fiasco shows that the world's largest online social hub is having a hard time putting this thorny issue behind it even
Intel to Spend $8 Bil. on U.S. Plants for Faster Chips
Intel Corp. on Tuesday revealed the scope of its latest infusion to keep its factories cutting-edge and push the chip industry's pace: an investment
Goldman Earnings Blow Past Forecasts
Goldman Sachs Group Inc.'s earnings easily beat analysts' forecasts again, but the bank saw a big slowdown in trading, its most profitable business.
Single-Family Home Growth Offset by Drop in Apts.
Home construction rose slightly last month on the strength of single-family homes, but the market was still too weak to propel growth
Coca-Cola Profits Up on Global Sales Growth
Coca-Cola Co.'s third-quarter net income rose 8.4 percent as it sold more of its soft drinks and juices around the world and U.S. sales extended
J&J Profits Up Slightly Despite Lower Sales
Health care giant Johnson & Johnson eked out a 2 percent profit increase in its third quarter, even though sales were down slightly, hurt by ...
Posco's $12 Bil. India Plant May Be Halted by Gov't
A government panel wants to withdraw environmental clearances for South Korean steel giant Posco to build a $12 billion steel plant in India
China Signals Full Recovery with Rate Hike
China raised its benchmark lending rate Tuesday for the first time since emerging from the global crisis as the government tries to cool inflation
East Asia Output Above Pre-Recession Levels
The World Bank raised its growth forecast for East Asia's developing countries Tuesday but said governments need to control rising risks
IBM Beats Views, Raises Outlook
IBM's net income rose 12 percent and the technology company raised its 2010 profit forecast slightly as it wrings more out of its services and ...
Durable Goods Orders Rise on Aircraft Demand
A surge in demand for commercial aircraft lifted orders for big-ticket manufactured goods in September, but businesses spent less on products
Airline Profits Soared on Higher Fares, Fees
Fewer seats, higher fares and more money from fees may just add up to the highest quarterly profit in three years for the nation's long-suffering ...
Starbucks Starts Serving Beer, Wine
Something new is on the menu at a renovated Starbucks in Seattle: beer and wine. The store that reopened Monday
China Boosts U.S. Treasury Holdings After Drop
China, the largest holder of U.S. Treasury debt, increased its holdings for a second straight month in August after two months of declines.
Investors Encouraged by Citi Earnings, Housing Data
Better than expected third-quarter earnings from Citigroup Inc. on Monday helped shore up sentiment in stock markets at the start of a busy week
Halliburton Profits Double on Natural Gas Drilling
Halliburton Co. said Monday its net income more than doubled in the third quarter as vigorous drilling for natural gas onshore in the U.S. offset
France Forced to Cut Half of Flights Amid Strikes
France's civil aviation authority says airlines must drastically cut back on their flights into France on Tuesday due to strikes over the government's pension
Citi Posts $2.15 Bil. Profit As Loan Losses Decline
Citigroup says it has turned a profit for the third straight quarter as losses from failed loans declined.
Asia Stocks Fall, Dollar Strengthens on Fed Doubts
Asian stocks fell Monday at the start of a busy week on both the economic and corporate news front, while the dollar recouped some recent ...
Hitachi, Johnson Controls Ink Lithium-Ion Battery Pact
Japanese electronics company Hitachi is tying up with a U.S. battery-maker in developing and making batteries for green vehicles, both sides
Panasonic Invests $30 Mil. in Tesla Motors
Panasonic Corp. is investing $30 million in Tesla Motors Inc., the U.S. maker of electric sports cars, eyeing expansion in the global market for green
Private Employers Added 159,000 Workers in Oct.
The economy generated a net gain in jobs for the first time in five months in October, as businesses stepped up their painfully slow pace ...
Toyota Profits Quadruple to $1.2 Bil.
Toyota's second quarter profit more than quadrupled on a sales recovery despite lingering worries about the quality of its cars after massive recalls.
Bridgestone Returns to Profit on Tire Demand
Bridgestone Corp. said Friday its earnings are continuing to recover this year as demand for its tires improves, especially at home in Japan.
Shanghai Readies Deal for Next Disneyland
Just days after Shanghai wrapped up its role as host to the World Expo, China's commercial capital is setting its sights on another big tourism ...
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