BP Raises $7 Bil. with Asset Sale to Apache
BP PLC is moving quickly to secure the money it needs to pay for the spill in the Gulf of Mexico. Just weeks after promising ...
Business
LightSquared to Offer 4G Wireless Network Across US
U.S. consumers and businesses may get more options in wireless service starting next year, with the launch of a new wireless broadband
China Pledges More Support to Expand Private Sector
China's Cabinet promised private investors a bigger role in industries from oil drilling to finance, apparently responding to complaints that state companies
DuPont Profits Treble on Surging Sales, Lower Costs
Chemical maker DuPont Co. said Tuesday its net income nearly tripled in the second quarter as sales surged in most of its businesses, and costs ...
German Consumer Confidence Up Sharply
German consumer confidence is up strongly, boosted by expectations that a quicker economic recovery will keep unemployment in check and by cheer
SAP Revenues, Profits Jump on U.S., Asia Growth
Business software maker SAP AG said Tuesday that growth in the United States and emerging markets helped it to a 15 percent increase
Home Prices Expected to Keep Declining
Thought the housing crisis was over? Not quite. Despite four years of falling prices and recent signs that they were finally bottoming
FedEx Raises Year's Outlook on Strong Asia Growth
In another sign of confidence in the global economy, FedEx Corp. on Monday raised its earnings outlook for the current quarter and full year.
Packed Planes, Baggage Fees Change Air Travel
Good times are finally back for the nation's airlines. For travelers, that means it's getting harder to find bargains.
Gas Prices on Rising Trend Across U.S.
Drivers across the country woke up to higher prices at the gas pump Monday morning, as retail gasoline rose overnight.
June Data Shows New Home Sales Recovering
Sales of new homes jumped last month, but it was the second-weakest month on record. The lackluster economy has made potential buyers
Wall Street Rises on Strong June New Home Sales
Stocks rose moderately Monday after a better-than-expected jump in new home sales and an increase in the profit outlook for shipping giant FedEx Corp.
Asia Stocks Rise, Europe Falls on Goldman Earnings
European stocks and Wall Street futures fell Tuesday after lower than expected earnings from U.S. investment bank Goldman Sachs
New Ford Explorer Lower, More Fuel-Efficient
The Ford Explorer, the hulking family-hauler that helped launch the SUV boom in the early 1990s, is back. And it hopes to define a new ...
Asian Stocks Rise on Growth Data, Europe Flat
European stock markets and the euro were steady Monday as investors weighed the results of the stress tests into 91 EU banks
Japan Exports Jump for 7th Straight Month
Japan says its exports in June rose 27.7 percent from a year earlier. The Finance Ministry said Monday that Japanese exports climbed
Disney Begins Sales for Hawaii Mega-Resort
More than 80 years after Mickey Mouse piloted "Steamboat Willie" and whistled his way into the hearts of children across the world
Ford Posts 5th Straight Quarterly Profit
Ford Motor Co. posted its fifth straight quarterly profit on Friday as its popular cars and trucks continued to draw buyers from rivals
World Stocks Rise on Growing Recovery Confidence
World stock markets mostly rose Friday after another batch of positive economic and corporate news helped ease concerns ahead of the publication
McDonald's Net Income Up 12% on Global Sales Rise
McDonald's says its net income climbed 12 percent in the second quarter as customers around the globe gobbled up its cheap food and new frappes
India Unveils $35 Tablet Using Memory Card
It looks like an iPad, only it's 1/14th the cost: India has unveiled the prototype of a $35 basic touchscreen tablet aimed at students
Japanese Giants, Taiwan to Develop WiMax for China
Three big Japanese corporations may join Taiwan in developing cutting-edge broadband technologies that will allow them to jointly tap China's
China Economy Grew 11.1% During First Half of 2010
China's rapid growth is slowing as the impact of its massive stimulus eases and Beijing clamps down on a credit boom.
Agri Bank Shares Creep Up in HK After $22.1 Bil. IPO
Agricultural Bank of China's shares inched up in trading on the Hong Kong stock exchange Friday, despite a tepid reception in Shanghai
Google Q2 Shares Fall on Rising Payroll Costs
Google Inc. is doing its part to stimulate the economy and hurting its stock in the process. With its payroll
Europe Debt Crisis Eases on News from Germany, Spain
Europe got scraps of positive news Thursday in its battle to overcome a government debt crisis, as Germany cut its budget deficit forecast
Apple to Address iPhone 4 Antenna Problem Friday
Apple Inc. said it will hold a press conference on Friday to discuss the latest iPhone model, which has been beset by complaints
Wholesale Prices Fall for 3rd Consecutive Month
Wholesale prices fell for a third consecutive month as another drop in energy costs and the biggest plunge in food costs in eight years banished
New Jobless Claims Fall Sharply Again
New applications for unemployment benefits fell sharply last week as General Motors and other manufacturers skipped their usual summer shutdowns.
JPMorgan Profits Soar to $4.8 Bil. in Q2
JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from failed loans
Novartis Q2 Profits Up 19% to $2.44 Bil.
Drug maker Novartis AG has reported a second-quarter increase in net profit of 19 percent to US$2.44 billion on strong sales.
2010 Foreclosures to Pass 1 Mil. for First Time
More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog
Stocks Rise in Europe As Asia Slips on U.S. Concerns
European stock markets rose Friday, helped by a late rally on Wall Street overnight, while the euro headed towards $1.30 for the first time
Asian Stocks Slip on U.S. Slowdown Concerns
Asian stock markets retreated Thursday after disappointing news on the U.S. economy chilled sentiment in Asia.
Turkey Emerges As Global Construction Power
An army of Turkish cranes and bulldozers is at work across the Middle East, Central Asia and Africa, building dams, stadiums and highways
Asian Stocks Jump on Intel Earnings, Singapore Growth
Asian stock markets jumped Wednesday, powered by better-than-expected earnings from chipmaking giant Intel Corp. and Singapore's forecast
Intel Posts Biggest Quarterly Profit in Decade
Intel Corp. has booked its largest quarterly net income in a decade as the chipmaker benefits from a stronger computer market
Federal Deficit Tops $1 Tril. with 3 Months Left
The federal deficit has topped $1 trillion with three months still to go in the budget year, showing the lasting impact of the recession
Trade Deficit Jumps As Import Growth Outpaces Exports
The trade deficit rose in May to an 18-month peak as rising imports offset another solid gain in U.S. exports. The surge in imports was ...
Nissan Leads Japan Car Outsourcing with Thai-Made March
Nissan took the wraps off its new March subcompact Tuesday, which is being manufactured in Thailand for sale in Japan, underlining a trend for Japanese
Europe Stocks Rise on Alcoa Earnings, Asia Slips
Asian stock markets rose Tuesday as sentiment strengthened on better-than-expected earnings results from US aluminum maker Alcoa Inc.
Apple iPhone 4 Defective Says Consumer Reports
Consumer Reports said Monday it will not recommend Apple Inc.'s newest iPhone because of reception problems caused by its antenna design.
Halliburton Profits Jump 83%
Halliburton Co. says its second-quarter profit soared 83 percent as natural gas drilling activity picked up in the U.S.
$21 Bil. in Plane Orders Signals Airline Recovery
Airbus says that Hong Kong Airlines intends to buy $5.7 billion of its widebody A350 and A330 planes.
PepsiCo Revenues Soar on Overseas Growth
Foreign currency fluctuations pushed down PepsiCo Inc.'s second-quarter net income 3 percent, even though revenue soared
Toyota Subpoenaed on Steering Rod Defect
Toyota Motor Corp. said Tuesday it has been subpoenaed by a federal grand jury in New York to submit documents related to problems with rods
Google Pledged to Obey Law to Earn China Renewal
China renewed Google's Internet license after it pledged to obey censorship laws and stop automatically switching mainland users
China Should Boost Interest Rates Says ADB
China should boost interest rates or allow its currency to strengthen to help curb inflation pressures, the Asian Development Bank said Tuesday.
IBM Posts Higher Q2 Profits, Raises 2010 Guidance
IBM Corp. jacked up its 2010 guidance Monday on the technology company's belief that it can wring more profit from its workhorse
Stock Market Moves Up Despite Weak Housing Data
Stocks rose modestly Monday as investors bought selectively following the market's big slide last week. The Dow Jones
BP Raises $7 Bil. with Asset Sale to Apache
BP PLC is moving quickly to secure the money it needs to pay for the spill in the Gulf of Mexico. Just weeks after promising ...
LightSquared to Offer 4G Wireless Network Across US
U.S. consumers and businesses may get more options in wireless service starting next year, with the launch of a new wireless broadband
China Pledges More Support to Expand Private Sector
China's Cabinet promised private investors a bigger role in industries from oil drilling to finance, apparently responding to complaints that state companies
DuPont Profits Treble on Surging Sales, Lower Costs
Chemical maker DuPont Co. said Tuesday its net income nearly tripled in the second quarter as sales surged in most of its businesses, and costs ...
German Consumer Confidence Up Sharply
German consumer confidence is up strongly, boosted by expectations that a quicker economic recovery will keep unemployment in check and by cheer
SAP Revenues, Profits Jump on U.S., Asia Growth
Business software maker SAP AG said Tuesday that growth in the United States and emerging markets helped it to a 15 percent increase
Home Prices Expected to Keep Declining
Thought the housing crisis was over? Not quite. Despite four years of falling prices and recent signs that they were finally bottoming
FedEx Raises Year's Outlook on Strong Asia Growth
In another sign of confidence in the global economy, FedEx Corp. on Monday raised its earnings outlook for the current quarter and full year.
Packed Planes, Baggage Fees Change Air Travel
Good times are finally back for the nation's airlines. For travelers, that means it's getting harder to find bargains.
Gas Prices on Rising Trend Across U.S.
Drivers across the country woke up to higher prices at the gas pump Monday morning, as retail gasoline rose overnight.
June Data Shows New Home Sales Recovering
Sales of new homes jumped last month, but it was the second-weakest month on record. The lackluster economy has made potential buyers
Wall Street Rises on Strong June New Home Sales
Stocks rose moderately Monday after a better-than-expected jump in new home sales and an increase in the profit outlook for shipping giant FedEx Corp.
Asia Stocks Rise, Europe Falls on Goldman Earnings
European stocks and Wall Street futures fell Tuesday after lower than expected earnings from U.S. investment bank Goldman Sachs
New Ford Explorer Lower, More Fuel-Efficient
The Ford Explorer, the hulking family-hauler that helped launch the SUV boom in the early 1990s, is back. And it hopes to define a new ...
Asian Stocks Rise on Growth Data, Europe Flat
European stock markets and the euro were steady Monday as investors weighed the results of the stress tests into 91 EU banks
Japan Exports Jump for 7th Straight Month
Japan says its exports in June rose 27.7 percent from a year earlier. The Finance Ministry said Monday that Japanese exports climbed
Disney Begins Sales for Hawaii Mega-Resort
More than 80 years after Mickey Mouse piloted "Steamboat Willie" and whistled his way into the hearts of children across the world
Ford Posts 5th Straight Quarterly Profit
Ford Motor Co. posted its fifth straight quarterly profit on Friday as its popular cars and trucks continued to draw buyers from rivals
World Stocks Rise on Growing Recovery Confidence
World stock markets mostly rose Friday after another batch of positive economic and corporate news helped ease concerns ahead of the publication
McDonald's Net Income Up 12% on Global Sales Rise
McDonald's says its net income climbed 12 percent in the second quarter as customers around the globe gobbled up its cheap food and new frappes
India Unveils $35 Tablet Using Memory Card
It looks like an iPad, only it's 1/14th the cost: India has unveiled the prototype of a $35 basic touchscreen tablet aimed at students
Japanese Giants, Taiwan to Develop WiMax for China
Three big Japanese corporations may join Taiwan in developing cutting-edge broadband technologies that will allow them to jointly tap China's
China Economy Grew 11.1% During First Half of 2010
China's rapid growth is slowing as the impact of its massive stimulus eases and Beijing clamps down on a credit boom.
Agri Bank Shares Creep Up in HK After $22.1 Bil. IPO
Agricultural Bank of China's shares inched up in trading on the Hong Kong stock exchange Friday, despite a tepid reception in Shanghai
Google Q2 Shares Fall on Rising Payroll Costs
Google Inc. is doing its part to stimulate the economy and hurting its stock in the process. With its payroll
Europe Debt Crisis Eases on News from Germany, Spain
Europe got scraps of positive news Thursday in its battle to overcome a government debt crisis, as Germany cut its budget deficit forecast
Apple to Address iPhone 4 Antenna Problem Friday
Apple Inc. said it will hold a press conference on Friday to discuss the latest iPhone model, which has been beset by complaints
Wholesale Prices Fall for 3rd Consecutive Month
Wholesale prices fell for a third consecutive month as another drop in energy costs and the biggest plunge in food costs in eight years banished
New Jobless Claims Fall Sharply Again
New applications for unemployment benefits fell sharply last week as General Motors and other manufacturers skipped their usual summer shutdowns.
JPMorgan Profits Soar to $4.8 Bil. in Q2
JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from failed loans
Novartis Q2 Profits Up 19% to $2.44 Bil.
Drug maker Novartis AG has reported a second-quarter increase in net profit of 19 percent to US$2.44 billion on strong sales.
2010 Foreclosures to Pass 1 Mil. for First Time
More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog
Stocks Rise in Europe As Asia Slips on U.S. Concerns
European stock markets rose Friday, helped by a late rally on Wall Street overnight, while the euro headed towards $1.30 for the first time
Asian Stocks Slip on U.S. Slowdown Concerns
Asian stock markets retreated Thursday after disappointing news on the U.S. economy chilled sentiment in Asia.
Turkey Emerges As Global Construction Power
An army of Turkish cranes and bulldozers is at work across the Middle East, Central Asia and Africa, building dams, stadiums and highways
Asian Stocks Jump on Intel Earnings, Singapore Growth
Asian stock markets jumped Wednesday, powered by better-than-expected earnings from chipmaking giant Intel Corp. and Singapore's forecast
Intel Posts Biggest Quarterly Profit in Decade
Intel Corp. has booked its largest quarterly net income in a decade as the chipmaker benefits from a stronger computer market
Federal Deficit Tops $1 Tril. with 3 Months Left
The federal deficit has topped $1 trillion with three months still to go in the budget year, showing the lasting impact of the recession
Trade Deficit Jumps As Import Growth Outpaces Exports
The trade deficit rose in May to an 18-month peak as rising imports offset another solid gain in U.S. exports. The surge in imports was ...
Nissan Leads Japan Car Outsourcing with Thai-Made March
Nissan took the wraps off its new March subcompact Tuesday, which is being manufactured in Thailand for sale in Japan, underlining a trend for Japanese
Europe Stocks Rise on Alcoa Earnings, Asia Slips
Asian stock markets rose Tuesday as sentiment strengthened on better-than-expected earnings results from US aluminum maker Alcoa Inc.
Apple iPhone 4 Defective Says Consumer Reports
Consumer Reports said Monday it will not recommend Apple Inc.'s newest iPhone because of reception problems caused by its antenna design.
Halliburton Profits Jump 83%
Halliburton Co. says its second-quarter profit soared 83 percent as natural gas drilling activity picked up in the U.S.
$21 Bil. in Plane Orders Signals Airline Recovery
Airbus says that Hong Kong Airlines intends to buy $5.7 billion of its widebody A350 and A330 planes.
PepsiCo Revenues Soar on Overseas Growth
Foreign currency fluctuations pushed down PepsiCo Inc.'s second-quarter net income 3 percent, even though revenue soared
Toyota Subpoenaed on Steering Rod Defect
Toyota Motor Corp. said Tuesday it has been subpoenaed by a federal grand jury in New York to submit documents related to problems with rods
Google Pledged to Obey Law to Earn China Renewal
China renewed Google's Internet license after it pledged to obey censorship laws and stop automatically switching mainland users
China Should Boost Interest Rates Says ADB
China should boost interest rates or allow its currency to strengthen to help curb inflation pressures, the Asian Development Bank said Tuesday.
IBM Posts Higher Q2 Profits, Raises 2010 Guidance
IBM Corp. jacked up its 2010 guidance Monday on the technology company's belief that it can wring more profit from its workhorse
Stock Market Moves Up Despite Weak Housing Data
Stocks rose modestly Monday as investors bought selectively following the market's big slide last week. The Dow Jones
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