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China Passed Japan to No. 2 Spot Says Currency Chief

China has overtaken Japan to become the world's second-largest economy, said China's currency chief Yi Gang in an interview

Chrysler to Add 900 Jobs for Midsize Car Plant

Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit. Its decision is a show of optimism

Recovery Slowed in Q2

The recovery lost momentum in the second quarter as growth slowed to a 2.4 percent pace, its most sluggish showing

Revised Data Show Recession Was Underestimated

The recession was deeper than the government previously thought. The Commerce Department, in revisions issued Friday

Disney Sells Miramax to Hollywood Newcomers

The Walt Disney Co. said Friday that it agreed to sell its Miramax Films to an investor group for about $660 million, ending a 17-year ...

Honda Profits Mushroom 32-Fold to New Record

Honda's quarterly profit ballooned to a record $3.2 billion while Mazda reduced its losses, rounding out a tale of recovery among Japanese automakers.

Kia Posts 61% Profit Surge on Strong Sales Growth

Kia Motors announced Friday that net profit rose 61 percent in the second quarter amid an increase in sales.

Samsung Posts 83% Profit Jump on Chip, LCD Sales

Samsung Electronics Co.'s net profit surged 83 percent in the second quarter to a record high amid increased sales and strength

J&J Profits Up Slightly Despite Lower Sales

Health care giant Johnson & Johnson eked out a 2 percent profit increase in its third quarter, even though sales were down slightly, hurt by ...

Chrysler to Name 200 Fiat Dealerships

Chrysler Group LLC is starting to name Fiat dealers for the U.S. The automaker said Wednesday that it wants Fiat dealers in 119 U.S. markets

China Up, Korea, Europe Stocks Recover

European stock markets steadied Wednesday as the surprise of China's first interest rate increase in three years slowly wore off. The dollar

Starbucks Expands Internet Strategy with Yahoo

Starbucks is adding a venti-sized dollop of free books, news and entertainment to its Internet offerings starting Wednesday.

Publishers Suffer from Print's Decline

The country's largest newspaper publishers still haven't been able to reverse a slump in advertising sales more than three years after it began.

J&J OTV Sales Fell 40% on Recalls

U.S. sales of Johnson & Johnson's nonprescription medicines plunged 40 percent in the third quarter as an embarrassing string of product recalls hurt sales

Intel to Spend $8 Bil. on U.S. Plants for Faster Chips

Intel Corp. on Tuesday revealed the scope of its latest infusion to keep its factories cutting-edge and push the chip industry's pace: an investment

Goldman Earnings Blow Past Forecasts

Goldman Sachs Group Inc.'s earnings easily beat analysts' forecasts again, but the bank saw a big slowdown in trading, its most profitable business.

Single-Family Home Growth Offset by Drop in Apts.

Home construction rose slightly last month on the strength of single-family homes, but the market was still too weak to propel growth

Coca-Cola Profits Up on Global Sales Growth

Coca-Cola Co.'s third-quarter net income rose 8.4 percent as it sold more of its soft drinks and juices around the world and U.S. sales extended

Delta Posts Q3 Profits on Booming Asia Routes

Delta Air Lines Inc. said Wednesday it posted a profit in the third quarter and expects to repeat that in the last three months of ...

Posco's $12 Bil. India Plant May Be Halted by Gov't

A government panel wants to withdraw environmental clearances for South Korean steel giant Posco to build a $12 billion steel plant in India

China Signals Full Recovery with Rate Hike

China raised its benchmark lending rate Tuesday for the first time since emerging from the global crisis as the government tries to cool inflation

East Asia Output Above Pre-Recession Levels

The World Bank raised its growth forecast for East Asia's developing countries Tuesday but said governments need to control rising risks

IBM Beats Views, Raises Outlook

IBM's net income rose 12 percent and the technology company raised its 2010 profit forecast slightly as it wrings more out of its services and ...

Facebook Apps Found to Be Leaking Personal Data

The latest Facebook privacy fiasco shows that the world's largest online social hub is having a hard time putting this thorny issue behind it even

Airline Profits Soared on Higher Fares, Fees

Fewer seats, higher fares and more money from fees may just add up to the highest quarterly profit in three years for the nation's long-suffering ...

Starbucks Starts Serving Beer, Wine

Something new is on the menu at a renovated Starbucks in Seattle: beer and wine. The store that reopened Monday

China Boosts U.S. Treasury Holdings After Drop

China, the largest holder of U.S. Treasury debt, increased its holdings for a second straight month in August after two months of declines.

Toyota Recalls 1.53 Mil. Cars for Brakes, Fuel Pumps

Toyota is recalling 1.53 million Lexus, Avalon and other models, mostly in the U.S. and Japan, for brake fluid and fuel pump problems, the latest

German Business Confidence Highest Since March '07

German business confidence has risen to a 3 1/2-year high as gloom lifts over managers' outlook, defying expectations of a fall, a closely watched

More Working Americans Get Food Stamps

Lillie Gonzales does whatever it takes to provide for three ravenous sons who live under her roof. She grows her own vegetables at home on ...

Ericsson Profits Soar on Sony Joint Venture

Swedish wireless equipment maker LM Ericsson AB on Friday said third-quarter net profits rose more than fourfold largely on the back of lower

Baidu Profits Double on China Online Ad Boom

Baidu Inc., which operates China's leading search engine, said Friday its third-quarter net profit more than doubled and revenue jumped 76 percent

UPS Profits Soar on Surging Asian Electronics Imports

UPS Inc. said Thursday the U.S. economy is stable but "unexciting," showing more signs of life but not recovering fast enough.

Caterpillar Doubles Profits on Surging Sales

Strong sales growth in developing countries pushed Caterpillar's third-quarter earnings 96 percent higher, and the world's largest maker of mining

Xerox Profits Double on ACS Acquisition

Xerox said Thursday it doubled its profit in the third quarter, helped by surging demand for its copying equipment and double-digit growth

Google Street View Blocked by 244,000 German Homes

Internet giant Google says more than 244,000 Germans have asked that their homes be made unrecognizable in its Street View program, scheduled

World Stocks Rise on Strong U.S. Earnings

World stocks mostly rose Thursday after figures showed Chinese economic growth holding up slightly better than expected and the U.S. corporate

Investors Encouraged by Citi Earnings, Housing Data

Better than expected third-quarter earnings from Citigroup Inc. on Monday helped shore up sentiment in stock markets at the start of a busy week

Sony's Google TV Allows Seamless Switching

Sony plans to introduce its Web-surfing Google TV in nations other than the U.S. but they may have to wait more than a year, especially ...

GM China Exports Locally Developed Chevy New Sail

General Motors Co. said Thursday its Shanghai GM joint venture has begun exports of its Chevrolet New Sail, a small family sedan

China Growth Eases Further on Cooling Moves

China's rapid expansion slowed in the latest quarter as Beijing cooled a credit boom and tried to steer growth to a more sustainable level, possibly

Court Orders Google to ID Harassive Poster

A business consultant who wants to know who's been anonymously disparaging and fixating on her online has gotten a court to force Google

Microsoft Wants Back in Smart Phone Game with Phone 7

When it comes to smart phones, Microsoft is itching to get back in the game. Microsoft was sick of watching consumers flock to Apple's

Fed Survey Shows Uneven Regional Growth

The U.S. economy grew unevenly in early fall, with more than half the regions of the country expanding modestly while others are struggling to grow.

Japan Regulators Asked to Review Yahoo-Google Deal

A Japanese online shopping company said Wednesday it has asked the country's anti-monopoly watchdog to review a tie-up between Yahoo Japan

Boeing Profits Beat Views on More Jet Sales

Boeing posted an $837 million third-quarter profit on Wednesday and raised its profit guidance for the full year as it sold more commercial airplanes.

Weak Dollar Brings Pros, Cons for Consumers

The way investors have unloaded the U.S. dollar lately, you'd think it was kryptonite. It has fallen 10 percent against the euro in just three ...

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.