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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

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.

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.

China Signals Gradual Rise in Yuan Value

The head of China's central bank says he agrees that appreciation of his country's currency should accelerate but repeated Beijing's insistence

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 ...

Japanese Stocks Lead World Markets After Rate Cut

Japanese stocks led world markets higher Tuesday after the country's central bank surprised investors by effectively cutting its main interest rate

Apple Readies iPhone for CDMA Markets

A new report says Apple is getting ready to manufacture a new iPhone that works on cellular networks based on CDMA technology

Fitch Downgrades Ireland Credit Rating

Ratings agency Fitch cut Ireland's credit worthiness another notch Wednesday, citing the country's long fight to emerge from record deficits

China Growth to Offset U.S. Weakness Says IMF

The global economy will likely strengthen the rest of this year and in 2011 as China and other emerging powers offset weakness in the United ...

J&J Buys Dutch Biotech Crucell for $2.41 Bil.

Johnson & Johnson said Wednesday it is buying Crucell N.V. for about $2.41 billion in a move that will boost the American health care company's

Costco Income Rises on Overseas Strength

Increased revenue from selling memberships and strength overseas helped push Costco Wholesale Corp.'s net income up 16 percent

Asia, Europe Stocks Rally on Fed Rate Cut Hopes

Global stock markets extended their rally Wednesday as investors remained hopeful that the Federal Reserve will introduce more monetary

Retail Sales Rose Modestly in September

Americans kept spending carefully last month, buying electronics and back-to-school clothes but holding back on luxuries.

Ford to Cut Lincoln Dealerships to Revitalize Brand

Ford Motor Co. plans to eliminate more than a third of its Lincoln dealers as part of its effort to revive the luxury brand, according ...

Service Sector Grew in September for 9th Straight Month

The U.S. service sector, the nation's predominate employer, expanded in September for a ninth straight month, although the growth has not been consistent

Midnight Grocery Runs a Sign of Hard Times

Once a month, just after midnight, the beeping checkout scanners at a Walmart just off Interstate 95 come alive in a chorus of financial desperation.

Eurozone Retail Sales Fell Unexpectedly in August

Retail sales in the 16 countries that use the euro unexpectedly fell during August, official figures showed Tuesday, in another sign

Japan Cuts Key Interest Rate to Near Zero

Japan's central bank has cut its key interest rate to a range of zero to 0.1 percent, effectively introducing a zero interest rate policy.

Content Partners Sign Up for Google TV's October Launch

Google Inc.'s effort to wed Web surfing with television viewing is gathering more support from major media outlets that distribute some

Foreigners Find Irresistable Deals in U.S. Housing Bust

The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom.

Feds Sue 3 Major Credit Card Cos., Settle with 2

The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement

Toyota Repaired 3.7 Mil. Cars Under Recalls

Toyota Motor Corp. said Monday it had fixed about 3.7 million vehicles in the United States as part of its massive safety recalls, citing progress

Poor Americans Bear High Cost of Going Bankless

The nickel-and-diming never stopped. The fees were constant: $28 to cash a paycheck. $1.50 for a money order.

Asia Stocks Up, Europe Down Ahead of U.S. Data

The continued relative strength of the yen hurt Japanese stocks earlier and the Nikkei 225 stock average closed down 23.17 points

Retail Sales Grow More Than Expected

Retailers reported surprisingly solid sales gains for September, boosted by back-to-school shopping, much of it pushed into September by parents

China Oil Co Signs Big Gas Deal with French Utility

Chinese offshore oil and gas company CNOOC agreed Saturday to buy 2.6 million tons of liquefied natural gas from French utility GDF Suez SA.

Wholesale Buying, Inventories Rise

Businesses have been restocking store shelves since the recession ended, a sign that they expect the economic recovery to continue.

95,000 Jobs Lost in Sept on Massive Gov't Layoffs

A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 ...

China Launches Quest for Domestic Potash Sources

China has launched a search for domestic sources of potash to ensure stable supplies of the mineral used in fertilizer, a state news agency said ...

Honda Fit Hybrid Goes on Sale in Japan

Honda's new hybrid Fit subcompact went on sale in Japan on Friday as the automaker expands its green car lineup that already includes the Insight

PayPal iPhone App Allows Check Deposits

Betting you wouldn't trek to your bank or the closest ATM if you didn't have to, PayPal has added a feature to its free iPhone ...

Japan Approves New $61 Bil. Stimulus Package

The Japanese Cabinet has approved 5.05 trillion yen ($61 billion) in new measures to stimulate the country's economy.

Consumers Cut Credit Card Use for 24th Month

Consumer borrowing fell again in August as consumers cut back on credit card use for the 24th consecutive month, the Federal Reserve said Thursday.

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.

PepsiCo Revenues Soar on Overseas Growth

PepsiCo's third-quarter net income rose 12 percent on strong sales gains abroad and strength in its drinks and Frito-Lay snacks.

World Markets Flat, Dollar Slides Awaiting Fed Move

World stock markets were steady Thursday ahead of European interest rate decisions and the start of the U.S. corporate earnings reporting season

Toyota Steps Up Efforts to Win Back Customers

Aiming to win back customer trust after its string of recalls, Toyota Motor Corp. is offering American buyers of new Toyota- and Scion-brand vehicles