Jobless Rate May Stay High As Employers Keep Pruning

Brace for a year of stubbornly high unemployment. Gripped by uncertainty over the economic recovery, employers chopped 85,000 jobs

Mercedes Sales Up 12% in December

Sales of Daimler AG's Mercedes-Benz brand cars rose more than 12 percent on the year in December as global markets picked up, the company said ...

Taiwan Semi Reports 130% Chip Sales Jump

Taiwan Semiconductor Manufacturing Co., the world's largest contract chip maker, said Friday its December 2009 sales more than doubled

Asia Stocks Mostly Higher Ahead of U.S. Jobs Report

Asian stocks were mostly higher Friday ahead of a critical U.S. jobs report but China's market slipped after the country took fresh steps to slow ...

China Mobile Vice-Chairman Fired for Past Corruption

China Mobile Ltd., the world's biggest phone company by subscribers, said Friday it has dismissed its vice chairman, who a business magazine reported

Bank of Korea Keeps Interest Rates at Record Low

South Korea's central bank left its key interest rate at a record low for an 11th straight month Friday amid government concern that a solidfying ...

Intel Takes Nano Lead, AMD Holds Graphics Edge

Intel Corp. rolled out new computer chips Thursday that highlight the company's lead over Advanced Micro Devices Inc. in its ability to shrink the circuitry

GM's China Sales Up 67% in 2009

General Motors Co. said Monday that 2009 sales in China by the company and its local partners rose 67 percent to a record 1.8 million ...

Ford Adds Tweets to Sync, LCD Panels to Most Cars

Ford Motor Co. is adding Twitter messages and Internet radio to its in-car entertainment and communication service, known as Sync

American Raises JAL Tieup Offer to $1.4 Bil.

American Airlines has dug deeper to save its relationship with Japan Airlines, raising the amount it is willing to invest in the ailing airline to ...

Boeing Orders Fell 90% in 2009

Boeing Co. said its customers ordered just 142 commercial airplanes last year as the recession forced airlines to shrink.

Department Stores Report Better December Sales

Department stores reported higher sales in stores open at least a year this December than last, and many raised their fourth-quarter forecasts.

China Rate Hike, U.S. Jobs Data Dampen Stocks

Chinese stocks led world markets lower Thursday after the country's central bank unexpectedly increased the interest rate on one of its treasury bills

New CEO Expects 2010 Profits for Leaner GM

General Motors Co.'s chairman expects the automaker will be profitable this year and says hundreds of the 1,350 GM dealers

Proposed Delta-JAL Tieup Prompts Monopoly Fears

A group representing business travelers is opposing the proposed tie up between Delta Air Lines and money-losing Japan Airlines as bad for competition.

Samsung Profits Soared to $3.44 Bil. in Q4

Samsung Electronics Co. predicted Thursday an operating profit of up to $3.44 billion for the fourth quarter of 2009 as the world's top TV seller ...

Ford's China Sales Up 44% in 2009

Ford Motor Co. said Thursday sales in China by the company and its local partners soared 44 percent in 2009, highlighting the country's key role

Treasury Removes Cap for Fannie, Freddie Aid

The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac.

Movie Theater Chains See Strong Sales

U.S. movie theater chains should see a jump in box office revenue for the fourth quarter after moviegoers flocked

2012 Breaks China Box Office Record

A second Hollywood movie has shattered the Chinese box office record in a year, as Beijing faces increased pressure to ease its annual quota of ...

Ace Investment Manager Bets on Stock Market Plunge

Homes are selling at their fastest clip in nearly three years, the unemployment rate is falling and stocks are up 66 percent since their March ...

Exploding Cellphone Use Sets Off War for Radio Spectrum

Wireless devices such as Apple's iPhone are transforming the way we go online, making it possible to look up driving directions, find the nearest coffee ...

High Unemployment Likely to Continue Well into Recovery

Call it the Terrible Teens. The decade ahead could be a brutal one for America's unemployed — and for people with jobs hoping for pay ...

Shoppers Return Strong for Post-Christmas Spree

Shoppers returned to malls Saturday, rummaging through thinly stocked shelves hunting for deals, next year's Christmas gifts and, for most, gifts for themselves.

Senate Health Care Plan May Hurt Insurers Initially

Health insurers get some big presents in the Senate's health overhaul bill — about 20 million new customers and no competition from a new government ...

Loan Modification Program Turns Blind Eye to Lying

The government shouldn't reward liars. But that's the effect of changes to the Obama administration's failing program to help homeowners modify their mortgages.

Google Looks to Dominate Mobile Ads with AdMob

Four years ago, Omar Hamoui was just another ineffectual entrepreneur trying to spruce up his resume in graduate school.

Senate Raises Debt Ceiling to $12.4 Tril.

The Senate voted Thursday to raise the ceiling on the government debt to $12.4 trillion, a massive increase over the current limit

Retail Data Hearten Stock Investors

U.S. stock futures crept higher Monday as investors returning from a long holiday weekend were heartened by good news on retail sales.

Durable Goods, Jobs Data Drive Up Stocks

Stocks rose Thursday after positive reports on unemployment and durable goods orders showed the economy is continuing to recover.

Oil Prices Pass $77 on Surprise Inventory Drop

Oil prices hit a three-week high above $77 a barrel Thursday before surrendering most of its gains as a larger than expected drop in U.S. ...

New GM CFO to Get $750,000 Plus Stocks

The new chief financial officer at General Motors Co. will receive a salary of $750,000 next year, but he'll get up to another $5.45 million

Citigroup Sheds Pay Caps After $20 Bil. TARP Payback

Citigroup Inc. on Wednesday repaid $20 billion in bailout money and received a government ruling that it's no longer covered by the pay restrictions

Blackberry Slammed by 2nd Outage in Week

When Corey Marshall's Blackberry mysteriously stopped sending and receiving messages, he realized all too clearly just how much he depends on the device:

China Firm Gets Control of Hawaii Solar Panel Supplier

A Chinese company is now the majority owner of a Hawaii-based supplier of silicon for solar panels.

New Home Sales Plunged 11% in November

Sales of new homes plunged unexpectedly last month to the lowest level since April, a sign the housing market recovery will be rocky

Samsung to Pay Kodak for Patent Infringement

Eastman Kodak says electronics maker Samsung Electronics has agreed to pay the photography company an undisclosed sum to settle a patent dispute

Ford to Complete Volvo Sale to Geely in Q1

Ford Motor Co. said Wednesday it is close to selling its loss-making Volvo unit to China's Geely and expects a final deal in the first ...

Ford Shakes Up U.S. Car Market with Transit Connect

The new Ford Transit Connect has a strange name, a compact European delivery van appearance and a ceiling that's so tall, someone sitting in the ...

Networks Fudge No-Pay Interview Policy

Policies forbidding payment for news interviews increasingly seem like the network television equivalent of the 55 mph speed limit

Tokyo SE Upgrades to High-Speed Trading System

The Tokyo Stock Exchange will launch a new high-speed trading system Monday, scrapping an antiquated, glitch-prone platform

California Faces More Painful Budget Cuts in 2010

During last summer's fiscal crisis, Gov. Arnold Schwarzenegger borrowed the title of a film classic to describe California's budget

Wisconsin Ginseng Growers Take Root in China

Wisconsin farmer Butch Weege has never met Sun Dan, a 34-year-old makeup artist who lives in Beijing

China Manufacturing Rose at Fastest Rate in 20 Months

An index of China's manufacturing rose in December, expanding at its fastest rate in 20 months

Delta, Northwest Win Approval to Act As Single Carrier

Delta Air lines Inc. has received government permission to operate its namesake service and its Northwest Airlines subsidiary as a single carrier

International Firms Projected to See Big Growth in 2010

Companies with international operations are set to take advantage of a global economic recovery in 2010, continuing the rally that began in 2009.

Asian Markets Close 2009 on High Note

Asian stock markets added to a year of big gains in the final day of trading for 2009.

Kodak Sells Organic LED Unit to LG

Eastman Kodak Co. said Wednesday it had completed the previously announced sale of its organic LED, or light-emitting diode display, business

Boeing Rethinks Short-Range 787 After Losing Sole Order

Boeing Co. is reevaluating plans for a short-range version of its 787 airplane after the sole airline with pending orders

JAL Shares Dive on New Bankruptcy Fears