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ADM Profits Surge on Biofuel Demand

Archer Daniels Midland Co. reported that its third-quarter profit soared to more to $421 million from just $3 million in the same period last year

Dish May Have to Shut Down 7.3 Mil. DVRs

Dish Network Corp. reported a 26 percent drop in first-quarter net income as the satellite TV company stepped up promotions to reel in customers.

Sprint Joins Verizon in Jilting Google's Nexus One

Sprint Nextel has had a change of heart and scrapped its plans to back Google's Nexus One mobile phone.

Car Czar Thinks Taxpayers Can Get $40 Bil. from GM

The U.S. government could get back $40 billion of its $50 billion investment in General Motors Co., and the difference will have been well spent

Chrysler Moving Swiftly toward Profitability, IPO

Chrysler Group LLC says its financial performance exceeded its expectations and suggested an initial public offering could come sooner than expected.

Stocks Surge on Euro Defense Efforts

Stocks rocketed higher Monday after European leaders agreed to a nearly $1 trillion rescue plan to avoid a major debt crisis and the U.S. Federal

New Short-Range Wi-Fi to Be 10 Times Faster

The industry group that supports Wi-Fi is adopting a new technology that should boost data speeds more than 10 times at short distances

U.S. Open to More Fines for Toyota

U.S. Transportation Secretary Ray LaHood said Monday that Washington wants to see results from Toyota's efforts to improve safety, and more fines would be imposed ...

European Flights Nearly Back to Normal As Ash Clears

Flights across Europe were operating normally Monday after a plume of volcanic ash that disrupted air traffic and forced some airports to close

Greek Debt Crisis Spreads to Portugal

Greece was pushed to the brink of a financial abyss and started dragging another eurozone country — Portugal — down with it Tuesday

Steelmaker ArcelorMittal Returns to Profit

ArcelorMittal SA, the world's largest steelmaker, said Thursday it swung to a relatively modest profit of $679 million in the first quarter compared to a ...

Visa Profits Jump on Consumer Spending Rebound

Revived consumer spending drove Visa Inc.'s fiscal second-quarter profit up 33 percent and the credit and debit card processor forecast strong revenue

HP to Buy Struggling Palm for $1.2 Bil.

Palm Inc. a pioneer in the smart phone business that couldn't quite make the comeback it needed, has agreed to be bought out by Hewlett-Packard

Earnings Show Corporate America Out of Recession

Corporate America is back. Companies that do everything from making appliances to selling cruises are reporting strong first-quarter profits — not because of the layoffs ...

Euro Hits 1-Year Low on Spain Debt Downgrade

The dollar surged broadly Wednesday with the euro sinking to a 1-year low as the debt crisis in Europe intensified.

Comcast Profits Rise on Subscriptions, Ad Rebound

Consumers signing up for digital cable TV and high-speed Internet services led to a 12 percent increase in first-quarter profit for Comcast Corp.

Sprint Nextel Subscriber Loss Slows on Cheap Plans

Sprint Nextel Corp. continued to stem the long-running trend of subscriber flight in the first quarter but did so by offering cheaper service

Germany Says Greek Aid Likely By May 7

Germany could have its contribution to a financial aid package for Greece approved by the end of next week if Athens successfully finalizes

Honda Returns to Profitability on China, India Demand

Honda posted a 72 billion yen ($774 million) profit for the January-March quarter in a reversal from red ink a year earlier as booming demand

Kodak Returns to Profit on Inkjet, Samsung Settlement

Eastman Kodak Co. said Thursday it posted a $119 million profit in the first quarter in contrast to a steep loss a year ago, lifted ...

Sands Opens $5.7-Bil. Singapore Casino Resort

Singapore's second casino-resort opened Tuesday, a massive $5.7 billion project by Las Vegas Sands Corp. that aims to makeover the city-state

World Markets Slide on China Fears, Greek Glitch

Greek shares led the global stock market retreat Tuesday amid mounting concerns about the country's ability to tap a bailout facility

S. Korea GDP Growing at Annualized 7.5% Rate

South Korea's economic growth accelerated sharply in the first quarter of 2010 amid a rebound in manufacturing, exports and spending.

Gasoline Prices Set to Rise As Recession Fades

After a weeklong break, gasoline prices are ready to climb higher again. Surging wholesale gasoline prices should push pump prices to an 18-month high

Wal-Mart to Face Massive Class Action Suit

A sharply divided federal appeals court on Monday exposed Wal-Mart Stores Inc. to billions of dollars in legal damages when it ruled a massive class

Hertz to Buy Dollar Thrifty for $1.2 Bil.

Hertz Global Holdings Inc. said Monday it has agreed to buy rival Dollar Thrifty Automotive Group for about $1.17 billion in cash

U.S. Newspaper Circulations Fall 8.7%

Circulation continues to drop severely at U.S. newspapers, though the rate of decline slowed from the previous six-month reporting period.

Germany Nixes Bailout Until Greece Inks Austerity Measures

German Finance Minister Wolfgang Schaeuble says parliament won't address Greece's aid request until Athens finishes talks with the European Union

China Manufacturing Accelerated in April on Domestic Demand

A survey says China's manufacturing accelerated in April as domestic demand increased.

Oil Slips on Rising Dollar, Inventories

Oil prices slumped to below $85 a barrel Tuesday as the dollar strengthened and traders anticipated another increase in U.S. crude supplies

GM Celebrate's Suburban's 75th Birthday

The Chevrolet Suburban, the roomy choice of hunters, law enforcement agencies and soccer moms, celebrated its 75th anniversary Monday

GM's 6.4% April Sales Growth Less Than Expected

General Motors Co.'s sales rose 6.4 percent in April as the auto industry continued to see signs of recovery, although the pace slowed from incentive-fueled ...

Consumer Spending Growth Financed from Savings

Consumer spending rose in March by the largest amount in five months but the gains were financed out of savings, which fell to the lowest ...

Avis Offers to Top Hertz Bid for Dollar Thrifty

Avis says rival rental car company Dollar Thrifty is selling itself too cheaply to Hertz, and promised to top the buyout offer announced last week.

United, Continental Merge into World's Biggest Airline

United and Continental Airlines said Monday they have agreed to form the world's largest airline in a deal worth about $3 billion.

Asian Stocks Drop as China Raises Bank Reserve

Asian stocks fell Monday after China ordered banks to raise their reserves, the latest in a series of moves aimed at curbing inflation

Shanghai Expo Irresistable Draw for Business World

China's commercial capital of Shanghai has always been all about business. Nowhere is that more evident than at its World Expo

World Stocks Fall on Greek Debt Fears

World markets slid Thursday amid mounting worries about a potential Greek debt default as the country's borrowing costs continue to go through the roof.

World Stocks Rise on Greek Bailout Hopes

European stocks traded in a narrow range Friday as investors warily awaited the completion of a Greek support package and looked ahead of U.S. economic ...

Japan Factory Output Rises But More Unemployed

Japan received an uneven assessment of its economic health Friday with indicators showing an increase in joblessness and ominously falling prices.

Toyota Creates Design Quality Division

Toyota, its reputation battered by global recalls, is setting up a new division devoted to feeding customer concerns into the design process

Samsung Profits Soar on Big Chip Sales Jump

Samsung Electronics said Friday that net profit surged in the first quarter amid strong demand and higher prices for computer memory chips.

iPhones Will Never Support Flash Says Jobs

For iPhone users who've been wondering whether their devices will support Flash technology for Web video and games anytime soon

Korea Targets Nuclear Reactors As Key Export Industry

S. Korea plans to boost nuclear reactors as the next major export industry after cars, chips and ships, reported Chosun Ilbo.

Credit-Rating Agencies Blamed for EU Debt Crisis

The rating agencies that sort good investments from junk are once again injecting fear into financial markets. Only this time it's for warning investors

Exxon Mobil Profits Jump 38% on Oil Rise

Exxon Mobil Corp. said Thursday its quarterly profit jumped 38 percent as oil prices rose in the first three months of the year.

Woods Return to Golf Boosts Loyal Sponsors

Tiger Woods' return to the golf course is a long-awaited boon to sponsors that stood by him and marketers who stand to get big exposure

Hollywood Joins Bollywood to Fight Indian Film Piracy

Hollywood and Bollywood linked arms Thursday to fight piracy, with the announcement of a coalition among the Motion Picture Association of America

Nissan to Make Leaf Electric Cars in Britain

Nissan Motor Co. said Thursday it will make its electric vehicle, the Leaf, in England from early 2013 as the automaker gears up for global ...

China Mobile Profits Grow 2.3% Amid Intense Competition

China Mobile Ltd., the world's biggest phone carrier by subscribers, said Thursday its 2009 profit rose 2.3 percent over a year earlier