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GM Predicts $2.1 Bil. Earnings Ahead of IPO

General Motors Co. is forecasting that it earned as much as $2.1 billion from July to September, a strong financial performance as the company

Shanghai Readies Deal for Next Disneyland

Just days after Shanghai wrapped up its role as host to the World Expo, China's commercial capital is setting its sights on another big tourism ...

GM Leads IPO Pitch with China Growth

General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company's chief financial officer said Thursday

Trucks Outsell Cars by Biggest Margin in 5 Years

Trucks outsold cars by the highest margin in nearly five years in October, a small sign that the economy may be starting to improve.

New Jobless Claims Jump After Declines

The number of people seeking jobless benefits jumped sharply last week, after two straight weeks of declines.

Retailers Post Big Sales Gains by Discounting

Retailers are reporting solid revenue gains for October. But it took heavy discounting on coats and other cold-weather items to get shoppers to spend

Ford, GM China Sales Surge in October

General Motors Co. says it is set to sell more than 2 million vehicles in China this year after posting record sales for October.

Panasonic Invests $30 Mil. in Tesla Motors

Panasonic Corp. is investing $30 million in Tesla Motors Inc., the U.S. maker of electric sports cars, eyeing expansion in the global market for green

Asia Stocks Rise on Fed Stimulus Plan

Asian stock markets climbed on Thursday as investors took heart from the Federal Reserve's plan to buy $600 billion in government bonds

Declining Demand Seen for LCDs Despite Solid Profits

Companies that make huge flat-screen televisions and their LCD panel components are alerting investors that demand is dropping in the U.S.

QE2 Risks Dollar Plunge, New Speculative Bubble

The Federal Reserve is making a high-stakes bet in the hope of getting the economy steaming along again. Nobody is sure the Fed's best efforts

Dow Hits 2-Year High on $600 Bil. Stimulus Plan

The Dow Jones industrial average reached its highest level in two years Wednesday after the Federal Reserve announced plans to buy $600 billion

T-Mobile Touts Upgraded 3G Network As 4G

Sprint Nextel Corp. and Verizon Wireless are building wireless data networks using new technologies that the industry calls fourth-generation

U.S. Auto Sales Jump on Returning Confidence

U.S. auto sales rose in October as buyers grew more confident in the economy and new models drew them into dealerships.

Galaxy Tablet Release Fuels Samsung-Apple Rivalry

Samsung Electronics has timed the unveiling of its Galaxy Tab tablet PC in Korea for Thursday to coincide with the debut of Apple's MacBook Air ...

Economists See Silver Lining in Impending Gridlock

The Republicans' sweeping gains in Tuesday's elections hardly guarantee they can enact their own prescriptions for the ailing economy.

Clothing Sales Surprisingly Strong in October

After a last-minute back-to-school buying spree, Americans appeared to have taken a shopping pause in October, resulting in a mixed retail sales picture.

World Bank Raises China Growth Outlook

China's rapid growth is easing to a manageable pace and Beijing can do more to reconfigure its economy to promote domestic consumption and reduce

Arcelor-Mittal Profits Jump on Strong Demand

ArcelorMittal, the world's biggest steel maker, posted Tuesday a 48 percent jump in third-quarter net profit, but said higher raw material prices

Shorter TV Ads Lure More Advertisers

And now, a word from our sponsors. A very brief word. TV commercials are shrinking along with attention spans and advertising budgets.

Durable Goods Orders Rise on Aircraft Demand

A surge in demand for commercial aircraft lifted orders for big-ticket manufactured goods in September, but businesses spent less on products

U.S. Navy Funds, Uses Fuel Made from Algae

The forest green algae bubbling in a stainless steel fermenting tank in a suburban warehouse may look like primordial pond scum, but it is a ...

China Ranks U.S. 1st, Japan 3rd in Competitiveness

The Blue Book of National Competitiveness published by the China Academy of Social Sciences Monday ranked the U.S. first, EU second, Japan third

Yahoo Offers Improved Free Email Service

Yahoo Inc. is sprucing up its free e-mail service in the latest attempt to persuade people to spend more time on its website.

Coach Profits Surge on Price-Cutting Strategy

Coach Inc. said Tuesday strong demand for its luxury handbags both in North America and overseas helped third-quarter net income rise 34 percent.

Ford Reports Best Q3 in 20 Years

Ford Motor Co.'s third-quarter net income rose 68 percent as it grabbed a bigger share of the U.S. auto market and buyers paid more for ...

UK Economy Grew at Twice Expected Rate

Britain's economy grew by 0.8 percent in the third quarter, twice as fast as analysts had expected, according to official figures released Tuesday

UBS Beats Views with $1.65 Bil. Profits

Swiss bank UBS AG reported a third-quarter net profit of 1.66 billion Swiss francs ($1.65 billion) Tuesday, beating expectations thanks partly

New MacBook Air Thin, Pricey, Under-Powered

The first MacBook Air laptop hit the catwalk in 2008 as an elegant but somewhat impractical statement about how far Apple would go to make

Nissan Infiniti M Luxury Hybrid Doubles Mileage

Nissan is playing catchup with Japanese rivals Toyota and Honda in introducing its own hybrid car, the luxury Infiniti M, which delivers double

TI Earnings Jump 60% on Demand Backlog

Chip-maker Texas Instruments Inc. said Monday that third-quarter income soared 60 percent as it continued to satisfy pent-up demand

Tesla Opens First Asia Showroom in Tokyo

Tesla, the U.S. maker of electric sportscars, opened its first Asian showroom Monday in a fashionable Tokyo neighborhood, hoping to woo rich

Fiat Hampered by Italian Workers Says CEO

Fiat CEO Sergio Marchionne says the tradition-laden Italian automaker would be better off without Italy and its balky unions, provoking an angry

World Stocks Up on G-20 Currency Pledge

World stocks rose and the dollar slumped Monday after global finance chiefs vowed to avoid a currency war that could derail the global recovery.

Japan's Exports Grew 14.4% in September

Japan's exports in September grew at their slowest pace this year, hit by a strong yen and cooling foreign demand amid concern over the health

China Seen as Top Market for Mercedes-Benz

China will be the world's biggest market for Mercedes-Benz vehicles by 2015, the company has announced. Consequently, Daimler AG pledged

Unemployment Rate Fell in 23 States in Sept.

Nearly half of U.S. states reported drops in their unemployment rates last month, the best showing since June. But job creation was weak in most

Nissan Recalls 2.1 Mil. Cars for Ignition Glitch

Nissan is recalling 2.14 million vehicles worldwide including the popular March and Mycra subcompacts for an ignition problem that may stall the engine

Honda, Mazda Profits Soar Despite Strong Yen

Japanese automakers Honda and Mazda posted hefty profits despite a strengthening yen as the global recovery and government incentives for green

Panasonic Profits Quintuple on LCDs, Auto Electronics

Panasonic, Japan's biggest home appliance maker, said Friday its quarterly profit surged more than fivefold on strong consumer demand despite

Sony Returns to Modest Profits

Sony Corp. says it returned to black in the July-September quarter on better sales of its PlayStation gaming consoles and personal computers.

Japan Cuts Production As Consumer Prices Fall

Japan's factories made fewer goods in September as makers of cars and electronic devices cut production while consumer prices fell for the 19th

Samsung Profits Hit Another Record on Chips, Phones

Samsung Electronics Co. said net profit rose 17 percent in the third quarter to a record high amid strength in its semiconductor and mobile

GM Pays Down Govt Debt Ahead of Stock Sale

General Motors Co. moved to strengthen its finances ahead of an initial public stock sale, announcing plans on Thursday to cut debt and pension

Microsoft Beats Views on Rising Business Spending

A swell of spending by businesses on new computers, software and servers helped push Microsoft Corp.'s earnings for the most recent quarter

Daimler Profits Surge Amid Boom in China, U.S. Sales

Car maker Daimler AG's third-quarter net earnings surged as strong sales in China and the U.S. helped push revenue 30 percent higher

IBM Shares Hit All-Time High Monday

IBM shares hit an all-time high Monday. The stock rode a slight market upswing, climbing as high as $139.88 before slipping back to $139.73 in ...

Japan Central Bank Issues Gloomy Growth Forecast

Japan's central bank cut its economic growth forecasts Thursday and kept interest rates near zero, as the export-reliant nation confronts a strong yen

Sharp Rebounds to Profit, Cuts Forecast

A strong yen forced Japan's Sharp Corp. to cut its earnings forecast even as first-half profit rebounded on improved sales of home appliances

Nintendo Sinks into Red for 1st Half

Nintendo sank into the red for the fiscal first half, battered by a rising yen that hurts exports and plunging sales as demand for its ...