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 ...
Business
China Sept. Trade Surplus Shrinks to $16.9 Bil.
China's September trade surplus stayed high at $16.9 billion amid pressure from Washington and others to ease currency controls they blame
Strong Intel Sales, Profits Augur Well for PC Sales
Intel Corp. offered an encouraging sign Tuesday for what the computer industry might expect from the all-important holiday shopping season.
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.
Apple Shares Touch New Record on iPad Hopes
Apple Inc.'s stock flirted with $300 Tuesday as investors high on the iPad's promise pushed shares to a record peak. Analysts see few reasons
Google to Build Off-Shore Wind Farms
Google will invest heavily in a network of deepwater transmission lines to bring power from offshore wind farms, yet to be built, to states along ...
China Raises Big Bank Reserve Ratio for 2 Months
China has raised reserve requirements for the six biggest commercial banks by 50 basis points on a temporary basis to cut the money supply
Pfizer to Buy King Pharmaceutical
Pfizer Inc., the world's largest pharmaceutical company by revenue, said Tuesday it will buy pain drug maker King Pharmaceuticals Inc. for $3.6 billion in cash.
Fed Rate Setter Dampens Market Hopes
World markets fell Tuesday after a leading U.S. rate-setter dampened expectations that the Federal Reserve is preparing a massive monetary stimulus
France Begins Mass Strikes Over Pension Reforms
Workers tried to shut down France on Tuesday with strikes affecting airports, public transportation, schools and the postal service in a showdown
Icahn Tries to Fold MGM into Lions Gate
Lions Gate is offering to combine its business with MGM in a deal supported by billionaire investor Carl Icahn, who owns stakes in both studios.
Stocks Fall As China Seeks to Slow Lending
Stock futures dropped Tuesday following reports that China is again forcing banks to hold more reserves to slow lending.
Infosys Reports 18% Higher Profits
Infosys Technologies Ltd., India's bellwether information technology outsourcing company, beat expectations Friday with an 18 percent rise
France Forced to Cut Half of Flights Amid Strikes
France's civil aviation authority says airlines must drastically cut back on their flights into France on Tuesday due to strikes over the government's pension
Citi Posts $2.15 Bil. Profit As Loan Losses Decline
Citigroup says it has turned a profit for the third straight quarter as losses from failed loans declined.
Asia Stocks Fall, Dollar Strengthens on Fed Doubts
Asian stocks fell Monday at the start of a busy week on both the economic and corporate news front, while the dollar recouped some recent ...
Hitachi, Johnson Controls Ink Lithium-Ion Battery Pact
Japanese electronics company Hitachi is tying up with a U.S. battery-maker in developing and making batteries for green vehicles, both sides
Nikkei Gains on Tech Optimism
Asian stock markets were mixed in early trading Monday, with Japanese tech shares gaining after Google's upbeat earnings sparked a Nasdaq rally
Luxury Sales Back to Pre-Crisis Levels
The luxury sector is rebounding better-than-expected this year thanks in large part to wealthy Americans replenishing their wardrobes after a year
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.
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.
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
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.
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
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.
AIG to Repay $37 Bil. Govt Bailout
AIG said Monday it raised nearly $37 billion from the sale of two foreign insurance units and will use that money to repay a government ...
Ford, GM Valuations Rely Increasingly on Global Sales
If investors pay what General Motors hopes to get for its stock in a planned IPO, they'll have to buy the logic that the company's ...
14.4% of U.S. Homes Vacant As Ownership Falls
The nation's homeownership rate remained at its lowest in more than a decade, hampered by a rise in foreclosures and weak demand for housing.
Oracle to Pay $1 Bil. for E-Commerce Software Firm
Business software maker Oracle said Tuesday it has agreed to acquire e-commerce software maker Art Technology Group Inc. for $1 billion in cash.
Mastercard Profits Rise 15% on More Card Use
MasterCard Inc. says heavier use of credit and debit cards overseas helped push third-quarter profits up by nearly 15 percent.
Pfizer Profits Plunge on Wyeth Acquisition Costs
Pharmaceutical giant Pfizer Inc. said Tuesday that revenue in the third quarter jumped 39 percent due to its acquisition of fellow drugmaker Wyeth
Fed to Buy More Bonds in Bid to Boost Economy
With unemployment at 9.6 percent, the Federal Reserve is all but certain this week to launch a new program to try to fortify the economy. ...
Boeing Lifts 20-Year China Forecast on Travel Boom
Boeing Co. raised its 20-year forecast of China's demand for commercial aircraft due to strong economic growth and more competitive Chinese carriers.
U.S. Manufacturing Surged in October
Manufacturing activity expanded last month at the fastest pace since May due to a surge in new orders and production.
Sept Consumer Spending Weaker on Income Dip
Americans slowed their spending in September to the weakest pace in three months and their incomes fell for the first time in 14 months.
Asia Stocks Rise As GOP Piles Up House Seats
Asian stocks were mostly higher Wednesday as markets digested news that Republicans gained control of the House in midterm U.S. elections
Lower TV Glass Demand Crimps Corning Profits
Corning Inc. says its profit jumped 22 percent in the third quarter but it missed Wall Street expectations on lower sales of glass for flat-panel ...
Why Jobless Rates Stay High Despite Growth
An economy growing 2 percent a year might be tolerable in normal times. Today, it's a near-disaster.
China Manufacturing Data Lifts Asia Stock Markets
World stock markets rose modestly Monday following a fairly strong Chinese manufacturing survey — but trading was subdued as investors waited
Nissan Unveils Electric Two-Seat Concept Car
Nissan showed a two-seater electric vehicle resembling a go-cart Monday that isn't ready for sale but spotlights the Japanese automaker's ambitions
Galaxy S Lifts Samsung Past HTC in Smart Phones
The success of its Galaxy S has moved Samsung Electronics up into the number 4 spot among smartphone makers wth 7.85 million sold in the ...
Pontiac Laid to Rest After Storied Life
Pontiac, whose muscle cars drag-raced down boulevards, parked at drive-ins and roared across movie screens, is going out of business on Sunday.
India Backs Off Threat to Ban Blackberries
India has followed the United Arab Emirates in backing off from a threat to ban popular services on Blackberry devices, amid growing global concern
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 ...
China Sept. Trade Surplus Shrinks to $16.9 Bil.
China's September trade surplus stayed high at $16.9 billion amid pressure from Washington and others to ease currency controls they blame
Strong Intel Sales, Profits Augur Well for PC Sales
Intel Corp. offered an encouraging sign Tuesday for what the computer industry might expect from the all-important holiday shopping season.
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.
Apple Shares Touch New Record on iPad Hopes
Apple Inc.'s stock flirted with $300 Tuesday as investors high on the iPad's promise pushed shares to a record peak. Analysts see few reasons
Google to Build Off-Shore Wind Farms
Google will invest heavily in a network of deepwater transmission lines to bring power from offshore wind farms, yet to be built, to states along ...
China Raises Big Bank Reserve Ratio for 2 Months
China has raised reserve requirements for the six biggest commercial banks by 50 basis points on a temporary basis to cut the money supply
Pfizer to Buy King Pharmaceutical
Pfizer Inc., the world's largest pharmaceutical company by revenue, said Tuesday it will buy pain drug maker King Pharmaceuticals Inc. for $3.6 billion in cash.
Fed Rate Setter Dampens Market Hopes
World markets fell Tuesday after a leading U.S. rate-setter dampened expectations that the Federal Reserve is preparing a massive monetary stimulus
France Begins Mass Strikes Over Pension Reforms
Workers tried to shut down France on Tuesday with strikes affecting airports, public transportation, schools and the postal service in a showdown
Icahn Tries to Fold MGM into Lions Gate
Lions Gate is offering to combine its business with MGM in a deal supported by billionaire investor Carl Icahn, who owns stakes in both studios.
Stocks Fall As China Seeks to Slow Lending
Stock futures dropped Tuesday following reports that China is again forcing banks to hold more reserves to slow lending.
Infosys Reports 18% Higher Profits
Infosys Technologies Ltd., India's bellwether information technology outsourcing company, beat expectations Friday with an 18 percent rise
France Forced to Cut Half of Flights Amid Strikes
France's civil aviation authority says airlines must drastically cut back on their flights into France on Tuesday due to strikes over the government's pension
Citi Posts $2.15 Bil. Profit As Loan Losses Decline
Citigroup says it has turned a profit for the third straight quarter as losses from failed loans declined.
Asia Stocks Fall, Dollar Strengthens on Fed Doubts
Asian stocks fell Monday at the start of a busy week on both the economic and corporate news front, while the dollar recouped some recent ...
Hitachi, Johnson Controls Ink Lithium-Ion Battery Pact
Japanese electronics company Hitachi is tying up with a U.S. battery-maker in developing and making batteries for green vehicles, both sides
Nikkei Gains on Tech Optimism
Asian stock markets were mixed in early trading Monday, with Japanese tech shares gaining after Google's upbeat earnings sparked a Nasdaq rally
Luxury Sales Back to Pre-Crisis Levels
The luxury sector is rebounding better-than-expected this year thanks in large part to wealthy Americans replenishing their wardrobes after a year
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.
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.
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
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.
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
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.
AIG to Repay $37 Bil. Govt Bailout
AIG said Monday it raised nearly $37 billion from the sale of two foreign insurance units and will use that money to repay a government ...
Ford, GM Valuations Rely Increasingly on Global Sales
If investors pay what General Motors hopes to get for its stock in a planned IPO, they'll have to buy the logic that the company's ...
14.4% of U.S. Homes Vacant As Ownership Falls
The nation's homeownership rate remained at its lowest in more than a decade, hampered by a rise in foreclosures and weak demand for housing.
Oracle to Pay $1 Bil. for E-Commerce Software Firm
Business software maker Oracle said Tuesday it has agreed to acquire e-commerce software maker Art Technology Group Inc. for $1 billion in cash.
Mastercard Profits Rise 15% on More Card Use
MasterCard Inc. says heavier use of credit and debit cards overseas helped push third-quarter profits up by nearly 15 percent.
Pfizer Profits Plunge on Wyeth Acquisition Costs
Pharmaceutical giant Pfizer Inc. said Tuesday that revenue in the third quarter jumped 39 percent due to its acquisition of fellow drugmaker Wyeth
Fed to Buy More Bonds in Bid to Boost Economy
With unemployment at 9.6 percent, the Federal Reserve is all but certain this week to launch a new program to try to fortify the economy. ...
Boeing Lifts 20-Year China Forecast on Travel Boom
Boeing Co. raised its 20-year forecast of China's demand for commercial aircraft due to strong economic growth and more competitive Chinese carriers.
U.S. Manufacturing Surged in October
Manufacturing activity expanded last month at the fastest pace since May due to a surge in new orders and production.
Sept Consumer Spending Weaker on Income Dip
Americans slowed their spending in September to the weakest pace in three months and their incomes fell for the first time in 14 months.
Asia Stocks Rise As GOP Piles Up House Seats
Asian stocks were mostly higher Wednesday as markets digested news that Republicans gained control of the House in midterm U.S. elections
Lower TV Glass Demand Crimps Corning Profits
Corning Inc. says its profit jumped 22 percent in the third quarter but it missed Wall Street expectations on lower sales of glass for flat-panel ...
Why Jobless Rates Stay High Despite Growth
An economy growing 2 percent a year might be tolerable in normal times. Today, it's a near-disaster.
China Manufacturing Data Lifts Asia Stock Markets
World stock markets rose modestly Monday following a fairly strong Chinese manufacturing survey — but trading was subdued as investors waited
Nissan Unveils Electric Two-Seat Concept Car
Nissan showed a two-seater electric vehicle resembling a go-cart Monday that isn't ready for sale but spotlights the Japanese automaker's ambitions
Galaxy S Lifts Samsung Past HTC in Smart Phones
The success of its Galaxy S has moved Samsung Electronics up into the number 4 spot among smartphone makers wth 7.85 million sold in the ...
Pontiac Laid to Rest After Storied Life
Pontiac, whose muscle cars drag-raced down boulevards, parked at drive-ins and roared across movie screens, is going out of business on Sunday.
India Backs Off Threat to Ban Blackberries
India has followed the United Arab Emirates in backing off from a threat to ban popular services on Blackberry devices, amid growing global concern
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