Business
Cadbury Rebuffs Kraft's $16.7 Bil. Takeover Bid
Kraft Foods Inc. on Monday proposed a 10.2 billion pounds ($16.7 billion) takeover of Cadbury PLC, but the offer was immediately rejected by the British ...
Goldman Earnings Top $3 Bil. on Trading Profits
Goldman Sachs Group Inc.'s third-quarter earnings more than tripled from the depths of the financial crisis as income from the company's trading operations offset a ...
BOA Reports $2.2 Bil. Loss on Rising Bad Loans
Bank of America Corp. says it lost more than $2 billion in the third quarter as its loan losses continued to rise. The nation's second-largest ...
Twitter Launches Japanese Mobile Site
Twitter Inc. now speaks Japanese — and it plans to be multilingual within months. The popular microblogging service launched a Japan-based mobile version Thursday, hoping ...
IBM Profits Jump, Boosts '09 Guidance
IBM Corp. has jacked up its profit guidance for the second time this year, a sign of the company's confidence that it can uncork more ...
Google Earns Record Profit on Revenue Growth
Google Inc. shifted into a higher gear in the third quarter and began to leave the recession behind as the 11-year-old Internet search leader recorded ...
California Home Sales Up 1% in September
The number of homes sold in California last month ticked up last month from August, as low mortgage rates and eagerness to cash in on ...
AMD Reports Strong Sales on Rising CPU Demand
Advanced Micro Devices Inc. lost money in the third quarter but said Thursday that sales were stronger than expected, adding to mounting evidence that consumer ...
China Sept. Data Shows Return to Robust Growth
China's foreign direct investment and power usage rose in September, in the latest evidence the country's economic recovery is gaining momentum. Foreign direct investment in ...
Gap to Resume TV Ads, Expand into China
The apparel retailer Gap Inc. on Thursday announced plans to return to television advertising in November for its namesake brand, after a two-year hiatus,
House Banking Panel Votes to Regulate Derivatives
A House panel voted Thursday to regulate for the first time privately traded derivatives, the kind of exotic financial instruments that helped bring down Lehman ...
U.S. Assets Attract Rising Foreign Demand
Foreign demand for long-term U.S. financial assets rose in August even though China trimmed its holdings of Treasury securities. Foreigners purchased $28.6 billion more
VisionChina Media to Buy Subway Advertising Leader
VisionChina Media Inc., which operates digital advertising screens on mass transportation systems in China, said Thursday it will buy subway advertising company Digital Media Group ...
Asian Markets Extend Rally on U.S. Profits Data
Asian stocks extended their rise Thursday after better-than-expected earnings reports from U.S. companies helped push the Dow Jones industrial average pass the 10,000 mark for ...
S&P Downgrades Southwest Airlines
Standard & Poor's downgraded Southwest Airlines Co. one notch on Wednesday, citing lower demand for travel and weak pricing that have cut into the company's ...
JPMorgan Earned $3.6 Bil. Despite High Loan Losses
JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset rising loan losses that the bank warned ...
Online Subs Put WSJ Ahead of USA Today
The Wall Street Journal has surpassed USA Today as the top-selling daily newspaper in the United States. The Audit Bureau of Circulations won't be releasing ...
Oracle Turns Up Rhetoric As Server Sales Go to IBM
Larry Ellison ratcheted up his rhetoric against IBM Corp. on Wednesday, challenging Oracle Corp.'s longtime partner and rival to "make our day" in a battle ...
Dow Closes Above 10,000 for First Time in Year
The Dow Jones industrial average is back above 10,000 for the first time in a year. The Dow crossed five figures Wednesday seven months after ...
PC Shipments Rise in Q3, Bodes Well for Holidays
Worldwide shipments of personal computers edged back up in the third quarter, according to researchers, a promising sign for the industry as it heads into ...
Cadbury Rebuffs Kraft's $16.7 Bil. Takeover Bid
Kraft Foods Inc. on Monday proposed a 10.2 billion pounds ($16.7 billion) takeover of Cadbury PLC, but the offer was immediately rejected by the British ...
Goldman Earnings Top $3 Bil. on Trading Profits
Goldman Sachs Group Inc.'s third-quarter earnings more than tripled from the depths of the financial crisis as income from the company's trading operations offset a ...
BOA Reports $2.2 Bil. Loss on Rising Bad Loans
Bank of America Corp. says it lost more than $2 billion in the third quarter as its loan losses continued to rise. The nation's second-largest ...
Twitter Launches Japanese Mobile Site
Twitter Inc. now speaks Japanese — and it plans to be multilingual within months. The popular microblogging service launched a Japan-based mobile version Thursday, hoping ...
IBM Profits Jump, Boosts '09 Guidance
IBM Corp. has jacked up its profit guidance for the second time this year, a sign of the company's confidence that it can uncork more ...
Google Earns Record Profit on Revenue Growth
Google Inc. shifted into a higher gear in the third quarter and began to leave the recession behind as the 11-year-old Internet search leader recorded ...
California Home Sales Up 1% in September
The number of homes sold in California last month ticked up last month from August, as low mortgage rates and eagerness to cash in on ...
AMD Reports Strong Sales on Rising CPU Demand
Advanced Micro Devices Inc. lost money in the third quarter but said Thursday that sales were stronger than expected, adding to mounting evidence that consumer ...
China Sept. Data Shows Return to Robust Growth
China's foreign direct investment and power usage rose in September, in the latest evidence the country's economic recovery is gaining momentum. Foreign direct investment in ...
Gap to Resume TV Ads, Expand into China
The apparel retailer Gap Inc. on Thursday announced plans to return to television advertising in November for its namesake brand, after a two-year hiatus,
House Banking Panel Votes to Regulate Derivatives
A House panel voted Thursday to regulate for the first time privately traded derivatives, the kind of exotic financial instruments that helped bring down Lehman ...
U.S. Assets Attract Rising Foreign Demand
Foreign demand for long-term U.S. financial assets rose in August even though China trimmed its holdings of Treasury securities. Foreigners purchased $28.6 billion more
VisionChina Media to Buy Subway Advertising Leader
VisionChina Media Inc., which operates digital advertising screens on mass transportation systems in China, said Thursday it will buy subway advertising company Digital Media Group ...
Asian Markets Extend Rally on U.S. Profits Data
Asian stocks extended their rise Thursday after better-than-expected earnings reports from U.S. companies helped push the Dow Jones industrial average pass the 10,000 mark for ...
S&P Downgrades Southwest Airlines
Standard & Poor's downgraded Southwest Airlines Co. one notch on Wednesday, citing lower demand for travel and weak pricing that have cut into the company's ...
JPMorgan Earned $3.6 Bil. Despite High Loan Losses
JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset rising loan losses that the bank warned ...
Online Subs Put WSJ Ahead of USA Today
The Wall Street Journal has surpassed USA Today as the top-selling daily newspaper in the United States. The Audit Bureau of Circulations won't be releasing ...
Oracle Turns Up Rhetoric As Server Sales Go to IBM
Larry Ellison ratcheted up his rhetoric against IBM Corp. on Wednesday, challenging Oracle Corp.'s longtime partner and rival to "make our day" in a battle ...
Dow Closes Above 10,000 for First Time in Year
The Dow Jones industrial average is back above 10,000 for the first time in a year. The Dow crossed five figures Wednesday seven months after ...
PC Shipments Rise in Q3, Bodes Well for Holidays
Worldwide shipments of personal computers edged back up in the third quarter, according to researchers, a promising sign for the industry as it heads into ...
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