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
Business
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 ...
New Jobless Claims Lowest Since January
The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs ease a bit ...
USA Today Posts 17% Circulation Drop
USA Today expects to report the largest decline in circulation in its 27-year history, threatening its No. 1 position among U.S. dailies as the growth ...
Shanghai Leads Global Stock Rally on Rising Dollar
Chinese stocks rallied Friday as traders returned to their desks following a weeklong holiday, when the rest of the world's major markets shot higher amid ...
Audi Sales Decline Eased by Strong Asia Growth
German carmaker Audi AG said Friday it delivered 6.8 percent fewer cars in September than a year earlier as the global downturn continued to affect ...
AP, News Corp Want Search Engines to Pay for News
The leaders of two of the world's major news organizations said Friday that it is time for search engines and others who use news content ...
Infosys Raises Outlook Despite Profit Dip
Infosys Technologies Ltd. reported a slight decrease in quarterly profit Friday but raised its revenue and earnings forecasts — a signal the worst may be ...
Frank Advances Bill to Limit Credit-Card Rate Hikes
Rep. Barney Frank, the tough-talking liberal ushering through a major rewrite of rules governing Wall Street, sounded a warning shot on Thursday to big banks: ...
Another Asset Bubble May Be Forming Already
The next financial bubble could come sooner than you think. A year after the collapse of home values triggered the financial crisis and Great Recession, ...
Retail, Jobs Data Boost Wall Street
Stocks are resuming their climb as investors get positive readings on two of the best gauges of the economy's health: consumer spending and corporate profits. ...
GM to Sell Hummer to Sichuan Tengzhong Heavy
General Motors Co. is poised to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon, ...
Hummer Now Owned by China's Sichuan Tengzhong
Hummer, the off-road vehicle that once epitomized America's love for hulking trucks, is now in the hands of a Chinese heavy equipment maker. General Motors ...
GM Names New Sales Chief As U.S. Market Share Erodes
Less than a week after reporting a sharp drop in September sales, GM said its U.S. sales chief is leaving as the automaker struggles to ...
Marriott Posts Q3 Loss on Timeshare Slump
Marriott International says it lost $466 million in its third quarter on hefty impairment charges, mostly related to its timeshare business. The hotel operator lost ...
Nissan Land Glider Electric As Agile As a Motorcycle
Nissan's Land Glider electric vehicle tilts from side to side, sashaying into curves by up to a 17-degree angle, as though showing off in a ...
Worldwide Prescription Drug Sales Growth Slows
Growth of prescription drug revenue worldwide will likely dip to between 4 percent and 6 percent next year — the lowest rate in at least ...
Dell to Make Android Phones for AT&T
Dell Inc. is working on a "smart" phone for AT&T that runs Google Inc.'s Android phone operating system, according to a newspaper report Wednesday. The ...
Consumer Stinginess Shows Up in Corporate Profits
People aren't just shopping more at Family Dollar. They're buying the cheapest stuff on its racks. Even Pizza Hut's sales are slowing as consumers seek ...
Ciena to Buy Nortel Assets for $521 Mil.
Ciena Corp. says it has agreed to by the optical networking and carrier Ethernet assets of Nortel Networks' Metro Ethernet Networks business for roughly $521 ...
Costco Beats Street Despite Profit Slip
Costco Wholesale Corp. said Wednesday that its fiscal fourth-quarter profit fell 6 percent, partly on the stronger dollar and increased employee benefit costs, but results ...
Asian Stocks Rise on Solid Growth Data
Most Asian stock markets advanced Tuesday, with Japanese and Hong Kong benchmarks gaining 1 percent or more, amid signs of economic improvement in Asia and ...
Intel Boosts Wall Street Despite Profits Drop
Intel Corp. has been asserting for months that the personal computer business is rebounding from its deepest slump in nearly a decade. Its stock jumped ...
Kindle eBooks Get Mixed Reviews on College Campuses
It's an experiment that has made back-to-school a little easier on the back: Amazon.com gave more than 200 college students its Kindle e-reading device this ...
Bloomberg to Buy BusinessWeek for Pittance
Bloomberg LP is buying BusinessWeek magazine in a deal that brings together a financial news service specializing in rapid-fire updates with a print publication struggling ...
China Widens Auto Sales Lead with 78% September Jump
China has widened its lead over the U.S. as the world's top auto market, with September sales vaulting 78 percent, spurred by tax cuts and ...
2 IPOs to Test U.S. Appetite for China Stocks
Two Chinese IPOs expected to start trading this week are going to be a gauge for Americans' taste for Beijing's offerings, some of which have ...
India Auto Sales Jump 17.1% in September
India's auto sales rose 17.1 percent in September from a year earlier to 212,975 vehicles, as holiday buying, easier credit and rising consumer confidence fueled ...
Natural Gas Shale May Be Next Big Boom or Bubble
The promise of enough natural gas to last the United States more than 100 years based on discoveries of vast shale formations could be the ...
Comcast Deal Lets GE Unwind Stake in NBC Universal
A proposed deal to acquire media giant NBC Universal would give current owner General Electric Co. the ability to unwind its stake over several years, ...
China Crosses 10 Mil. A Year Auto Production Mark
China's annual auto production surpassed 10 million for the first time on Tuesday, as a new "Liberation" model truck rolled off the assembly line at ...
China Hainan Airlines to Begin Service to Hawaii
China's Hainan Airlines has received approval to begin service from Beijing to Hawaii. The U.S. Department of Transportation approved the flights, which initially will be ...
Sidekick Phones Lose All Personal, Contacts Data
Owners of Sidekick phones may have lost all the personal information they put on the device, including contact numbers, because of a failure of servers ...
Carly Simon Sues Starbucks for Poor Promotion
Singer Carly Simon is suing Starbucks Corp., saying the coffee company's now-defunct music venture didn't adequately promote her 2008 album, dooming the record before it ...
Singapore Economy Surges for 2nd Straight Quarter
Singapore's economy surged for a second straight quarter, and the government boosted its 2009 growth forecast, as manufacturing cemented the city-state's emergence from recession.
Phillips Q3 Profits Treble
Royal Philips Electronics NV reported net profit of €174 million ($256 million) for the third quarter on Monday, three times the depressed levels of a ...
Russian Economy Sank More than Forecast Says Medvedev
Russian President Dmitry Medvedev said Sunday that Russia's economy was hit harder than expected by the global financial crisis, but Kremlin measures helped the country ...
Comcast to Send Popups to PCs with Virus Infection
Comcast Corp. wants to enlist its customers in a fight against a huge problem for Internet providers — the armies of infected personal computers, known ...
Japan Suspends U.S. Beef Shipments Again for Violation
Japan has suspended beef shipments from an American meatpacking plant after finding cattle parts banned under an agreement to prevent the spread of mad cow ...
Bill Zeroes in on Overseas Tax-Dodge Schemes
Key lawmakers unveiled a bill Tuesday aiming to crack down on wealthy tax dodgers hiding money overseas.
CIT Group Gets $4.5 Bil. More to Restructure Debt
CIT Group Inc., one of the nation's largest lenders to small and mid-sized businesses, said Wednesday it received $4.5 billion in credit from its own ...
New Home Sales Fall Unexpectedly
Shares of homebuilders slid Wednesday as new home sales dropped for the first time in five months.
GM to Post Sales Gains for First Time in 21 Months
General Motors Co. is likely to post its first year-over-year monthly sales gain in 21 months when automakers report sales figures on Tuesday, a top ...
China's Geely in Talks to Buy Volvo from Ford
Ford Motor Co. has picked a consortium led by China's Geely Group as the preferred bidder to buy its Swedish Volvo Cars unit, the U.S. ...
Japan Carmakers Report Record China Production
Japanese automakers are experiencing a production boom in China with Toyota, Honda and Nissan setting records for September — the latest signs of an emerging ...
Asian Markets Fall on U.S. Consumer Sentiment
Global stock markets dropped Wednesday as more signs American consumers were struggling undermined hopes for a stronger turnaround in the world's largest economy.
Ex-AMD CEO Fingered As Leaker in Galleon Case
Chip maker Advanced Micro Devices Inc. is "thoroughly reviewing" published reports fingering former chairman and CEO Hector Ruiz as the AMD executive who gave confidential ...
GMAC in Talks with Treasury for 3rd Round of Bailout
GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline ...
7 Calif Cities Top Nation in Median Home Values
Many college graduates are passing up industrial centers and former hotspots in the Southwest, which have been hit hard by the recession, in favor of ...
Q3 Data to Show Recession Ended but Doubts Persist
The economy appears back on its feet after being knocked over by the worst recession since the 1930s.
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
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 ...
New Jobless Claims Lowest Since January
The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs ease a bit ...
USA Today Posts 17% Circulation Drop
USA Today expects to report the largest decline in circulation in its 27-year history, threatening its No. 1 position among U.S. dailies as the growth ...
Shanghai Leads Global Stock Rally on Rising Dollar
Chinese stocks rallied Friday as traders returned to their desks following a weeklong holiday, when the rest of the world's major markets shot higher amid ...
Audi Sales Decline Eased by Strong Asia Growth
German carmaker Audi AG said Friday it delivered 6.8 percent fewer cars in September than a year earlier as the global downturn continued to affect ...
AP, News Corp Want Search Engines to Pay for News
The leaders of two of the world's major news organizations said Friday that it is time for search engines and others who use news content ...
Infosys Raises Outlook Despite Profit Dip
Infosys Technologies Ltd. reported a slight decrease in quarterly profit Friday but raised its revenue and earnings forecasts — a signal the worst may be ...
Frank Advances Bill to Limit Credit-Card Rate Hikes
Rep. Barney Frank, the tough-talking liberal ushering through a major rewrite of rules governing Wall Street, sounded a warning shot on Thursday to big banks: ...
Another Asset Bubble May Be Forming Already
The next financial bubble could come sooner than you think. A year after the collapse of home values triggered the financial crisis and Great Recession, ...
Retail, Jobs Data Boost Wall Street
Stocks are resuming their climb as investors get positive readings on two of the best gauges of the economy's health: consumer spending and corporate profits. ...
GM to Sell Hummer to Sichuan Tengzhong Heavy
General Motors Co. is poised to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon, ...
Hummer Now Owned by China's Sichuan Tengzhong
Hummer, the off-road vehicle that once epitomized America's love for hulking trucks, is now in the hands of a Chinese heavy equipment maker. General Motors ...
GM Names New Sales Chief As U.S. Market Share Erodes
Less than a week after reporting a sharp drop in September sales, GM said its U.S. sales chief is leaving as the automaker struggles to ...
Marriott Posts Q3 Loss on Timeshare Slump
Marriott International says it lost $466 million in its third quarter on hefty impairment charges, mostly related to its timeshare business. The hotel operator lost ...
Nissan Land Glider Electric As Agile As a Motorcycle
Nissan's Land Glider electric vehicle tilts from side to side, sashaying into curves by up to a 17-degree angle, as though showing off in a ...
Worldwide Prescription Drug Sales Growth Slows
Growth of prescription drug revenue worldwide will likely dip to between 4 percent and 6 percent next year — the lowest rate in at least ...
Dell to Make Android Phones for AT&T
Dell Inc. is working on a "smart" phone for AT&T that runs Google Inc.'s Android phone operating system, according to a newspaper report Wednesday. The ...
Consumer Stinginess Shows Up in Corporate Profits
People aren't just shopping more at Family Dollar. They're buying the cheapest stuff on its racks. Even Pizza Hut's sales are slowing as consumers seek ...
Ciena to Buy Nortel Assets for $521 Mil.
Ciena Corp. says it has agreed to by the optical networking and carrier Ethernet assets of Nortel Networks' Metro Ethernet Networks business for roughly $521 ...
Costco Beats Street Despite Profit Slip
Costco Wholesale Corp. said Wednesday that its fiscal fourth-quarter profit fell 6 percent, partly on the stronger dollar and increased employee benefit costs, but results ...
Asian Stocks Rise on Solid Growth Data
Most Asian stock markets advanced Tuesday, with Japanese and Hong Kong benchmarks gaining 1 percent or more, amid signs of economic improvement in Asia and ...
Intel Boosts Wall Street Despite Profits Drop
Intel Corp. has been asserting for months that the personal computer business is rebounding from its deepest slump in nearly a decade. Its stock jumped ...
Kindle eBooks Get Mixed Reviews on College Campuses
It's an experiment that has made back-to-school a little easier on the back: Amazon.com gave more than 200 college students its Kindle e-reading device this ...
Bloomberg to Buy BusinessWeek for Pittance
Bloomberg LP is buying BusinessWeek magazine in a deal that brings together a financial news service specializing in rapid-fire updates with a print publication struggling ...
China Widens Auto Sales Lead with 78% September Jump
China has widened its lead over the U.S. as the world's top auto market, with September sales vaulting 78 percent, spurred by tax cuts and ...
2 IPOs to Test U.S. Appetite for China Stocks
Two Chinese IPOs expected to start trading this week are going to be a gauge for Americans' taste for Beijing's offerings, some of which have ...
India Auto Sales Jump 17.1% in September
India's auto sales rose 17.1 percent in September from a year earlier to 212,975 vehicles, as holiday buying, easier credit and rising consumer confidence fueled ...
Natural Gas Shale May Be Next Big Boom or Bubble
The promise of enough natural gas to last the United States more than 100 years based on discoveries of vast shale formations could be the ...
Comcast Deal Lets GE Unwind Stake in NBC Universal
A proposed deal to acquire media giant NBC Universal would give current owner General Electric Co. the ability to unwind its stake over several years, ...
China Crosses 10 Mil. A Year Auto Production Mark
China's annual auto production surpassed 10 million for the first time on Tuesday, as a new "Liberation" model truck rolled off the assembly line at ...
China Hainan Airlines to Begin Service to Hawaii
China's Hainan Airlines has received approval to begin service from Beijing to Hawaii. The U.S. Department of Transportation approved the flights, which initially will be ...
Sidekick Phones Lose All Personal, Contacts Data
Owners of Sidekick phones may have lost all the personal information they put on the device, including contact numbers, because of a failure of servers ...
Carly Simon Sues Starbucks for Poor Promotion
Singer Carly Simon is suing Starbucks Corp., saying the coffee company's now-defunct music venture didn't adequately promote her 2008 album, dooming the record before it ...
Singapore Economy Surges for 2nd Straight Quarter
Singapore's economy surged for a second straight quarter, and the government boosted its 2009 growth forecast, as manufacturing cemented the city-state's emergence from recession.
Phillips Q3 Profits Treble
Royal Philips Electronics NV reported net profit of €174 million ($256 million) for the third quarter on Monday, three times the depressed levels of a ...
Russian Economy Sank More than Forecast Says Medvedev
Russian President Dmitry Medvedev said Sunday that Russia's economy was hit harder than expected by the global financial crisis, but Kremlin measures helped the country ...
Comcast to Send Popups to PCs with Virus Infection
Comcast Corp. wants to enlist its customers in a fight against a huge problem for Internet providers — the armies of infected personal computers, known ...
Japan Suspends U.S. Beef Shipments Again for Violation
Japan has suspended beef shipments from an American meatpacking plant after finding cattle parts banned under an agreement to prevent the spread of mad cow ...
Bill Zeroes in on Overseas Tax-Dodge Schemes
Key lawmakers unveiled a bill Tuesday aiming to crack down on wealthy tax dodgers hiding money overseas.
CIT Group Gets $4.5 Bil. More to Restructure Debt
CIT Group Inc., one of the nation's largest lenders to small and mid-sized businesses, said Wednesday it received $4.5 billion in credit from its own ...
New Home Sales Fall Unexpectedly
Shares of homebuilders slid Wednesday as new home sales dropped for the first time in five months.
GM to Post Sales Gains for First Time in 21 Months
General Motors Co. is likely to post its first year-over-year monthly sales gain in 21 months when automakers report sales figures on Tuesday, a top ...
China's Geely in Talks to Buy Volvo from Ford
Ford Motor Co. has picked a consortium led by China's Geely Group as the preferred bidder to buy its Swedish Volvo Cars unit, the U.S. ...
Japan Carmakers Report Record China Production
Japanese automakers are experiencing a production boom in China with Toyota, Honda and Nissan setting records for September — the latest signs of an emerging ...
Asian Markets Fall on U.S. Consumer Sentiment
Global stock markets dropped Wednesday as more signs American consumers were struggling undermined hopes for a stronger turnaround in the world's largest economy.
Ex-AMD CEO Fingered As Leaker in Galleon Case
Chip maker Advanced Micro Devices Inc. is "thoroughly reviewing" published reports fingering former chairman and CEO Hector Ruiz as the AMD executive who gave confidential ...
GMAC in Talks with Treasury for 3rd Round of Bailout
GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline ...
7 Calif Cities Top Nation in Median Home Values
Many college graduates are passing up industrial centers and former hotspots in the Southwest, which have been hit hard by the recession, in favor of ...
Q3 Data to Show Recession Ended but Doubts Persist
The economy appears back on its feet after being knocked over by the worst recession since the 1930s.
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