Steelmaker ArcelorMittal Returns to Profit

ArcelorMittal SA, the world's largest steelmaker, said Thursday it swung to a relatively modest profit of $679 million in the first quarter compared to a ...

Visa Profits Jump on Consumer Spending Rebound

Revived consumer spending drove Visa Inc.'s fiscal second-quarter profit up 33 percent and the credit and debit card processor forecast strong revenue

HP to Buy Struggling Palm for $1.2 Bil.

Palm Inc. a pioneer in the smart phone business that couldn't quite make the comeback it needed, has agreed to be bought out by Hewlett-Packard

Earnings Show Corporate America Out of Recession

Corporate America is back. Companies that do everything from making appliances to selling cruises are reporting strong first-quarter profits — not because of the layoffs ...

Euro Hits 1-Year Low on Spain Debt Downgrade

The dollar surged broadly Wednesday with the euro sinking to a 1-year low as the debt crisis in Europe intensified.

Comcast Profits Rise on Subscriptions, Ad Rebound

Consumers signing up for digital cable TV and high-speed Internet services led to a 12 percent increase in first-quarter profit for Comcast Corp.

Sprint Nextel Subscriber Loss Slows on Cheap Plans

Sprint Nextel Corp. continued to stem the long-running trend of subscriber flight in the first quarter but did so by offering cheaper service

Stocks Slide As Feds File Fraud Suit Against Goldman

Financial shares led the stock market sharply lower Friday after federal regulators filed civil fraud charges against Goldman Sachs

GM to Repay Bailout Loan Before June

General Motors Co. will fully repay the $6.7 billion loan portion of its U.S. government aid earlier than its previously promised payback date of June

IBM Sees Tech Spending Rebound, Profits Rise

IBM Corp. said Monday its first-quarter profit jumped 13 percent, and the company offered evidence that corporate technology spending is rebounding

Airlines Seek EU Compensation for $1 Bil. in Volcano Losses

As airline losses from the volcanic ash cloud spiraled over $1 billion on Monday, the industry demanded EU compensation and criticized European

Citigroup Reports $4.4 Bil. Earnings on Trading

Citigroup Inc. provided more evidence Monday that the nation's big banks may have turned a corner. The bank reported a surprise first-quarter profit

Microsoft's China OEM Accused of Using Child Labor

Two factories that make Microsoft Corp. products in southern China violated overtime regulations and failed to properly register the use of workers

Toyota Agrees to Record $16 Mil. U.S. Fine

Toyota Motor Corp. agreed Monday to pay a record $16.4 million fine for failing to properly notify federal authorities about a dangerous accelerator pedal

China Banks to Refuse Loans for 3rd Homes

Commercial banks can refuse to issue loans to buyers of their third home in areas suffering from excessive real estate price inflation

11 China Cities Average $20,000 Real Per Capita GDP

The per capita GDP of the 11 richest Chinese cities has risen to $20,000 on a purchasing-power parity (PPP) basis

Toyota Recalls 600,000 Sienna Minivans

As congressional investigators dig further into potential electronic problems in runaway Toyotas, the automaker is facing other safety concerns

SEC's Goldman Probe Could Widen to Other Banks

Goldman Sachs stepped up its defense against civil fraud charges Monday, telling clients it did not withhold information in a complex transaction

Q1 Venture Capital Investments Jump 38%

Venture capitalists invested more money in U.S. startups during the first three months of 2010 compared with a year earlier

Asian Stocks Fall on Inflation, Interest Rate Fears

Asian stock markets fell Friday as investors mulled whether the region's strong economic growth so far this year could trigger inflation

Volkswagen China Sales Skyrocket 61%

Volkswagen AG's worldwide deliveries were up by nearly a quarter in the first three months of this year as the car market rebounded

Jobless Claims, Weak Industrial Output Cool Markets

Stocks traded in a tight range Thursday after mixed economic reports gave investors an excuse to take a break from buying after five straight days ...

China Trims U.S. Treasuries for 4th Straight Month

China trimmed its holdings of U.S. Treasury debt 1.3 percent in February, the fourth consecutive decline. Those reductions are raising concerns

Germany to Grow 1.5% in 2010

The German economy will continue its slow recovery with growth rates at 1.5 percent this year and 1.4 percent in 2011 while the job market

Toyota Conducts Safety Tests on All SUV Models

Toyota announced safety tests on all its sport-utility vehicle models in a sweeping effort Thursday to reassure buyers after Consumer Reports warned

Global PC Sales Surged 20% in Q1

Worldwide personal computer shipments increased more than 20 percent in the first three months of 2010 from the same period a year ago

China Q1 Growth Surged to 12% but Inflation Low

Geely's Volvo Purchase Faces Cultural Obstacles

Chinese tycoon Li Shufu's car company Geely has a knack for giving its vehicles oddball names: Gleagle, King Kong, Englon.

Hynix Returns to Profit on Doubling of DRAM Sales

Hynix Semiconductor returned to profit in the first quarter after a loss last year as sales more than doubled and prices for its mainstay computer ...

Japan's March Exports Up 43.5%

Japan's exports jumped 43.5 in March from a year earlier as a recovering global economy drove demand for the nation's cars and gadgets.

IMF Projects Better-Than-Expected Growth for World

The International Monetary Fund said Wednesday that the global economy, after enduring a crippling recession, should see better-than-expected growth

Facebook Seeks to Custom-Tailor Web for Users

Facebook is spreading its wings to the broader Web. It's a move that could change the way people experience the online world, though it could ...

Apple Profits Jump 90% on Soaring iPhone Sales

The paparazzi may have moved on to Apple's sexy new iPad, but the iPhone is still Wall Street's darling.

Boeing Promises First 787 Delivery by Year End

Boeing's first-quarter profit topped expectations and the aircraft maker says it still expects to deliver the first of its new 787s by the end of ...

Visa Pays $2 Mil. for Online Payment Processor

Visa Inc. is buying e-commerce payment processor CyberSource Corp. for about $2 billion.

Chrysler Operations Turn Profitable in 2010

Chrysler Group LLC lost a staggering $3.8 billion from the time it left bankruptcy protection June 10 through the end of last year

American Cars Top Asian Imports in U.S. Quality Poll

After a long romance with foreign rivals, America's love affair with the automobile is returning to its roots with a revived affection for U.S.-made cars.

Data Suggests Jobs Being Added Slowly

Fewer people are filing claims for unemployment aid, new jobs are showing up in service industries, and companies are squeezing all they can

GM Pays Off Gov't Loans 5 Years Early

General Motors Co.'s CEO said Tuesday that the automaker has repaid the $8.1 billion in loans it received from the U.S. and Canadian governments

Yahoo Earnings Triple on Advertising Growth

Yahoo's first-quarter earnings nearly tripled as the Internet company's revenue edged up for the first time in more than a year.

Extended Volcano Eruptions Could Jeopardize Recovery

Even as Europe's dormant airports sputter back to life, prudent travelers and businessmen should ask: What if Iceland's volcano erupts again?

IMF Cuts Estimate of Losses from Financial Crisis

The world's banks could be spared billions in losses thanks to a global economy that is recovering from the financial meltdown more quickly

Bond Film Stopped on Uncertainty Over MGM's Fate

Producers say work on the next James Bond film has been halted indefinitely because of uncertainty about the future of distributor Metro-Goldwyn-Mayer Inc.

Stocks Rise in Asia, Europe on U.S. Rebound

Most global markets rebounded modestly Tuesday, following Wall Street higher as financial stocks recovered from a sell-off prompted

Online Firms Fear Impact of Global Copyright Pact

Companies across the technology industry — from Internet access providers to social networking sites to video-sharing services — are bracing

IMAX Signs Expanded 3-D Theater Deal in Japan

Megascreen theater company IMAX Corp. said Tuesday it will expand in Japan — the latest in a series of international deals inked recently amid growing ...

Toyota to Fix Stability Software on 34,000 Lexus GX460s

Toyota will offer the same fix for stability control programming it has announced for the Lexus GX 460 in North America to vehicles in other ...

Tiger Woods Endorsements Fall $22 Mil. in 2010

Tiger Woods' estimated endorsements for 2010 are worth $22 million less than last year, according to Sports Illustrated's annual analysis

Obama Signs Long-Debated Financial Overhaul Bill

Reveling over a new milestone in his presidency, a triumphant Barack Obama on Wednesday signed into law the most sweeping overhaul of lending