GM Leads IPO Pitch with China Growth
General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company's chief financial officer said Thursday
Business
Trucks Outsell Cars by Biggest Margin in 5 Years
Trucks outsold cars by the highest margin in nearly five years in October, a small sign that the economy may be starting to improve.
New Jobless Claims Jump After Declines
The number of people seeking jobless benefits jumped sharply last week, after two straight weeks of declines.
Retailers Post Big Sales Gains by Discounting
Retailers are reporting solid revenue gains for October. But it took heavy discounting on coats and other cold-weather items to get shoppers to spend
Ford, GM China Sales Surge in October
General Motors Co. says it is set to sell more than 2 million vehicles in China this year after posting record sales for October.
Pending Home Sales Drop in September
The number of people who signed contracts to buy homes fell in September after two months of gains, a possible fallout from foreclosure moratoriums
Asia Stocks Rise on Fed Stimulus Plan
Asian stock markets climbed on Thursday as investors took heart from the Federal Reserve's plan to buy $600 billion in government bonds
GM Predicts $2.1 Bil. Earnings Ahead of IPO
General Motors Co. is forecasting that it earned as much as $2.1 billion from July to September, a strong financial performance as the company
QE2 Risks Dollar Plunge, New Speculative Bubble
The Federal Reserve is making a high-stakes bet in the hope of getting the economy steaming along again. Nobody is sure the Fed's best efforts
Dow Hits 2-Year High on $600 Bil. Stimulus Plan
The Dow Jones industrial average reached its highest level in two years Wednesday after the Federal Reserve announced plans to buy $600 billion
T-Mobile Touts Upgraded 3G Network As 4G
Sprint Nextel Corp. and Verizon Wireless are building wireless data networks using new technologies that the industry calls fourth-generation
U.S. Auto Sales Jump on Returning Confidence
U.S. auto sales rose in October as buyers grew more confident in the economy and new models drew them into dealerships.
Galaxy Tablet Release Fuels Samsung-Apple Rivalry
Samsung Electronics has timed the unveiling of its Galaxy Tab tablet PC in Korea for Thursday to coincide with the debut of Apple's MacBook Air ...
Economists See Silver Lining in Impending Gridlock
The Republicans' sweeping gains in Tuesday's elections hardly guarantee they can enact their own prescriptions for the ailing economy.
Clothing Sales Surprisingly Strong in October
After a last-minute back-to-school buying spree, Americans appeared to have taken a shopping pause in October, resulting in a mixed retail sales picture.
Amazon to Pay Publishers 70% on Kindle Sales
Amazon.com Inc. said Monday it will start paying publishers more when they sell magazines and newspapers on its Kindle electronic reader.
Bullish Google Gives 10% Raise to Everyone
Google Inc. is showing it still knows how to make its employees feel special: It is giving all 23,300 of them 10 percent raises next ...
Jobless Claims Fall to Lowest Level in 4 Months
Fewer people applied for unemployment aid last week, the third drop in four weeks.
Nikkei, KOSPI Up As China Tightens Bank Lending
World markets mostly fell Wednesday after China's central bank announced it will raise the amount of cash that banks have to hold in reserve
Boeing 787 Test Flight Makes Emergency Landing
A Boeing 787 jetliner on a test flight over Texas made an emergency landing Tuesday after smoke was detected in the main cabin, the latest ...
Vietnam Left Out of Foreign Capital Inflows
Vietnam isn't experiencing the growing influx of foreign investment capital of its southeast Asian neighbors, apparently due to the perceived risk
Overseas Filipinos to Remit $21.3 Bil. in 2010
Overseas Filipino Workers (OFW) will remit $21.3 bil. this year, making the Philippines the world's fourth biggest recipient of remittances, according to the World
Tata Motors Profits Surge on Jaguar, Land Rover Sales
Tata Motors' consolidated profits surged on robust global demand for Jaguar and Land Rover as the once-troubled luxury brands enjoyed their
Chevron to Buy Atlas Energy for $4.3 Bil.
Chevron will buy natural producer Atlas Energy Inc. in a cash-and-stock deal worth $3.2 billion, the companies said Tuesday.
Economic Stress at Lowest Level in 16 Months
The nation's economic stress fell in September to a 16-month low, thanks to more hiring in New England, fewer foreclosures in the mid-Atlantic
World Bank Raises China Growth Outlook
China's rapid growth is easing to a manageable pace and Beijing can do more to reconfigure its economy to promote domestic consumption and reduce
Windows Smart Phones Released by AT&T, T-Mobile
Smart phones running Microsoft's new software are now available for AT&T Inc. and T-Mobile USA customers.
Hard Times Strip Away Old Shopping Stigmas
The Goodwill store in this middle-class New York suburb is buzzing on a recent weekend afternoon. A steady flow of shoppers comb through racks filled
German Exports Surged 22.5% in September
Germany's Federal Statistics Office says exports rose 22.5 percent in September compared the same month a year ago as the country continues
China Criticizes Fed's Bond Repurchase Plan
The U.S. Federal Reserve's move to pump hundreds of billions of dollars into the financial system will bring greater volatility to markets worldwide
Diesel Shortage Disrupts China Economy
Aggravated Chinese truck drivers parked for hours to buy rationed diesel Monday as shortages blamed on a government conservation campaign
New Grand Cherokee Boosts Chrysler Sales
Chrysler cut its losses in half between the second and third quarters as a new version of the Jeep Grand Cherokee notched strong sales. The ...
China Already World's Top Market for BMW 7 Series
China is already the top market for BMW's luxurious 7-series sedans, the company revealed. It also forecast that China will become its top all-around market
Korean Battery Picked for Chrysler Electric Car
SB LiMotive announced Sunday that it will supply the lithium-ion batteries that will power Chrysler's Fiat 500 EV electric car scheduled for 2012 debut.
Economy Recovers but New Spending Habits Linger
Layaway, once the province of the poor, has gone mainstream. At the Mall of America in Minnesota, shoppers dart in for just one or two ...
Japan Central Bank Issues Gloomy Growth Forecast
Japan's central bank cut its economic growth forecasts Thursday and kept interest rates near zero, as the export-reliant nation confronts a strong yen
Honda, Mazda Profits Soar Despite Strong Yen
Japanese automakers Honda and Mazda posted hefty profits despite a strengthening yen as the global recovery and government incentives for green
Panasonic Profits Quintuple on LCDs, Auto Electronics
Panasonic, Japan's biggest home appliance maker, said Friday its quarterly profit surged more than fivefold on strong consumer demand despite
Sony Returns to Modest Profits
Sony Corp. says it returned to black in the July-September quarter on better sales of its PlayStation gaming consoles and personal computers.
Japan Cuts Production As Consumer Prices Fall
Japan's factories made fewer goods in September as makers of cars and electronic devices cut production while consumer prices fell for the 19th
Samsung Profits Hit Another Record on Chips, Phones
Samsung Electronics Co. said net profit rose 17 percent in the third quarter to a record high amid strength in its semiconductor and mobile
GM Pays Down Govt Debt Ahead of Stock Sale
General Motors Co. moved to strengthen its finances ahead of an initial public stock sale, announcing plans on Thursday to cut debt and pension
Microsoft Beats Views on Rising Business Spending
A swell of spending by businesses on new computers, software and servers helped push Microsoft Corp.'s earnings for the most recent quarter
Daimler Profits Surge Amid Boom in China, U.S. Sales
Car maker Daimler AG's third-quarter net earnings surged as strong sales in China and the U.S. helped push revenue 30 percent higher
Nissan Recalls 2.1 Mil. Cars for Ignition Glitch
Nissan is recalling 2.14 million vehicles worldwide including the popular March and Mycra subcompacts for an ignition problem that may stall the engine
Declining Demand Seen for LCDs Despite Solid Profits
Companies that make huge flat-screen televisions and their LCD panel components are alerting investors that demand is dropping in the U.S.
Sharp Rebounds to Profit, Cuts Forecast
A strong yen forced Japan's Sharp Corp. to cut its earnings forecast even as first-half profit rebounded on improved sales of home appliances
Nintendo Sinks into Red for 1st Half
Nintendo sank into the red for the fiscal first half, battered by a rising yen that hurts exports and plunging sales as demand for its ...
Hyundai Profits Match Record on Sales Growth
Hyundai Motor's net profit rose 38 percent in the third quarter on higher sales as growth in emerging markets like China and India helped the ...
Hynix Profits Quadruple to Record on Chip Demand
Hynix Semiconductor, the world's second-largest manufacturer of computer memory chips, said third-quarter net profit more than quadrupled
GM Leads IPO Pitch with China Growth
General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company's chief financial officer said Thursday
Trucks Outsell Cars by Biggest Margin in 5 Years
Trucks outsold cars by the highest margin in nearly five years in October, a small sign that the economy may be starting to improve.
New Jobless Claims Jump After Declines
The number of people seeking jobless benefits jumped sharply last week, after two straight weeks of declines.
Retailers Post Big Sales Gains by Discounting
Retailers are reporting solid revenue gains for October. But it took heavy discounting on coats and other cold-weather items to get shoppers to spend
Ford, GM China Sales Surge in October
General Motors Co. says it is set to sell more than 2 million vehicles in China this year after posting record sales for October.
Pending Home Sales Drop in September
The number of people who signed contracts to buy homes fell in September after two months of gains, a possible fallout from foreclosure moratoriums
Asia Stocks Rise on Fed Stimulus Plan
Asian stock markets climbed on Thursday as investors took heart from the Federal Reserve's plan to buy $600 billion in government bonds
GM Predicts $2.1 Bil. Earnings Ahead of IPO
General Motors Co. is forecasting that it earned as much as $2.1 billion from July to September, a strong financial performance as the company
QE2 Risks Dollar Plunge, New Speculative Bubble
The Federal Reserve is making a high-stakes bet in the hope of getting the economy steaming along again. Nobody is sure the Fed's best efforts
Dow Hits 2-Year High on $600 Bil. Stimulus Plan
The Dow Jones industrial average reached its highest level in two years Wednesday after the Federal Reserve announced plans to buy $600 billion
T-Mobile Touts Upgraded 3G Network As 4G
Sprint Nextel Corp. and Verizon Wireless are building wireless data networks using new technologies that the industry calls fourth-generation
U.S. Auto Sales Jump on Returning Confidence
U.S. auto sales rose in October as buyers grew more confident in the economy and new models drew them into dealerships.
Galaxy Tablet Release Fuels Samsung-Apple Rivalry
Samsung Electronics has timed the unveiling of its Galaxy Tab tablet PC in Korea for Thursday to coincide with the debut of Apple's MacBook Air ...
Economists See Silver Lining in Impending Gridlock
The Republicans' sweeping gains in Tuesday's elections hardly guarantee they can enact their own prescriptions for the ailing economy.
Clothing Sales Surprisingly Strong in October
After a last-minute back-to-school buying spree, Americans appeared to have taken a shopping pause in October, resulting in a mixed retail sales picture.
Amazon to Pay Publishers 70% on Kindle Sales
Amazon.com Inc. said Monday it will start paying publishers more when they sell magazines and newspapers on its Kindle electronic reader.
Bullish Google Gives 10% Raise to Everyone
Google Inc. is showing it still knows how to make its employees feel special: It is giving all 23,300 of them 10 percent raises next ...
Jobless Claims Fall to Lowest Level in 4 Months
Fewer people applied for unemployment aid last week, the third drop in four weeks.
Nikkei, KOSPI Up As China Tightens Bank Lending
World markets mostly fell Wednesday after China's central bank announced it will raise the amount of cash that banks have to hold in reserve
Boeing 787 Test Flight Makes Emergency Landing
A Boeing 787 jetliner on a test flight over Texas made an emergency landing Tuesday after smoke was detected in the main cabin, the latest ...
Vietnam Left Out of Foreign Capital Inflows
Vietnam isn't experiencing the growing influx of foreign investment capital of its southeast Asian neighbors, apparently due to the perceived risk
Overseas Filipinos to Remit $21.3 Bil. in 2010
Overseas Filipino Workers (OFW) will remit $21.3 bil. this year, making the Philippines the world's fourth biggest recipient of remittances, according to the World
Tata Motors Profits Surge on Jaguar, Land Rover Sales
Tata Motors' consolidated profits surged on robust global demand for Jaguar and Land Rover as the once-troubled luxury brands enjoyed their
Chevron to Buy Atlas Energy for $4.3 Bil.
Chevron will buy natural producer Atlas Energy Inc. in a cash-and-stock deal worth $3.2 billion, the companies said Tuesday.
Economic Stress at Lowest Level in 16 Months
The nation's economic stress fell in September to a 16-month low, thanks to more hiring in New England, fewer foreclosures in the mid-Atlantic
World Bank Raises China Growth Outlook
China's rapid growth is easing to a manageable pace and Beijing can do more to reconfigure its economy to promote domestic consumption and reduce
Windows Smart Phones Released by AT&T, T-Mobile
Smart phones running Microsoft's new software are now available for AT&T Inc. and T-Mobile USA customers.
Hard Times Strip Away Old Shopping Stigmas
The Goodwill store in this middle-class New York suburb is buzzing on a recent weekend afternoon. A steady flow of shoppers comb through racks filled
German Exports Surged 22.5% in September
Germany's Federal Statistics Office says exports rose 22.5 percent in September compared the same month a year ago as the country continues
China Criticizes Fed's Bond Repurchase Plan
The U.S. Federal Reserve's move to pump hundreds of billions of dollars into the financial system will bring greater volatility to markets worldwide
Diesel Shortage Disrupts China Economy
Aggravated Chinese truck drivers parked for hours to buy rationed diesel Monday as shortages blamed on a government conservation campaign
New Grand Cherokee Boosts Chrysler Sales
Chrysler cut its losses in half between the second and third quarters as a new version of the Jeep Grand Cherokee notched strong sales. The ...
China Already World's Top Market for BMW 7 Series
China is already the top market for BMW's luxurious 7-series sedans, the company revealed. It also forecast that China will become its top all-around market
Korean Battery Picked for Chrysler Electric Car
SB LiMotive announced Sunday that it will supply the lithium-ion batteries that will power Chrysler's Fiat 500 EV electric car scheduled for 2012 debut.
Economy Recovers but New Spending Habits Linger
Layaway, once the province of the poor, has gone mainstream. At the Mall of America in Minnesota, shoppers dart in for just one or two ...
Japan Central Bank Issues Gloomy Growth Forecast
Japan's central bank cut its economic growth forecasts Thursday and kept interest rates near zero, as the export-reliant nation confronts a strong yen
Honda, Mazda Profits Soar Despite Strong Yen
Japanese automakers Honda and Mazda posted hefty profits despite a strengthening yen as the global recovery and government incentives for green
Panasonic Profits Quintuple on LCDs, Auto Electronics
Panasonic, Japan's biggest home appliance maker, said Friday its quarterly profit surged more than fivefold on strong consumer demand despite
Sony Returns to Modest Profits
Sony Corp. says it returned to black in the July-September quarter on better sales of its PlayStation gaming consoles and personal computers.
Japan Cuts Production As Consumer Prices Fall
Japan's factories made fewer goods in September as makers of cars and electronic devices cut production while consumer prices fell for the 19th
Samsung Profits Hit Another Record on Chips, Phones
Samsung Electronics Co. said net profit rose 17 percent in the third quarter to a record high amid strength in its semiconductor and mobile
GM Pays Down Govt Debt Ahead of Stock Sale
General Motors Co. moved to strengthen its finances ahead of an initial public stock sale, announcing plans on Thursday to cut debt and pension
Microsoft Beats Views on Rising Business Spending
A swell of spending by businesses on new computers, software and servers helped push Microsoft Corp.'s earnings for the most recent quarter
Daimler Profits Surge Amid Boom in China, U.S. Sales
Car maker Daimler AG's third-quarter net earnings surged as strong sales in China and the U.S. helped push revenue 30 percent higher
Nissan Recalls 2.1 Mil. Cars for Ignition Glitch
Nissan is recalling 2.14 million vehicles worldwide including the popular March and Mycra subcompacts for an ignition problem that may stall the engine
Declining Demand Seen for LCDs Despite Solid Profits
Companies that make huge flat-screen televisions and their LCD panel components are alerting investors that demand is dropping in the U.S.
Sharp Rebounds to Profit, Cuts Forecast
A strong yen forced Japan's Sharp Corp. to cut its earnings forecast even as first-half profit rebounded on improved sales of home appliances
Nintendo Sinks into Red for 1st Half
Nintendo sank into the red for the fiscal first half, battered by a rising yen that hurts exports and plunging sales as demand for its ...
Hyundai Profits Match Record on Sales Growth
Hyundai Motor's net profit rose 38 percent in the third quarter on higher sales as growth in emerging markets like China and India helped the ...
Hynix Profits Quadruple to Record on Chip Demand
Hynix Semiconductor, the world's second-largest manufacturer of computer memory chips, said third-quarter net profit more than quadrupled
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