Roche Suspends Arthritis Drug Study After Deaths
Swiss pharmaceutical company Roche Group said Monday it has suspended a late-stage trial for a new rheumatoid arthritis and lupus drug
Business
Working Chinese Left Out of Soaring Housing Market
The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home.
China February Exports, Imports Soar 45%
China's exports rose in February in a new sign of growing global demand that could help persuade officials to let the Chinese currency rise.
Success of Specials Masks TV's Shrinking Audience
While special events are doing very well for broadcasters — capped off by an Oscars telecast that was the most-watched entertainment program in five years ...
Cisco Debuts High-Speed Router for Internet Backbone
Cisco Systems Inc. announced Tuesday that it is upgrading one of its biggest pieces of networking hardware, a router that's used to power the most ...
Ford Launches First Subcompact Made for India
Ford Motor Co. launched its first made-for-India compact car Tuesday, as the U.S. automaker continues its push into fast-growing Asian markets.
China Passenger Car Sales Jumped 55% in February
China's passenger car sales climbed 55 percent from a year earlier in Feburary, despite a long national holiday, on strong demand for smaller cars and ...
Daimler Sells Off Stake in India's Tata Motors
German automaker Daimler AG says it has sold all of its shares in India's Tata Motors to various groups of investors through the capital markets.
Sony to Begin Selling 3-D TVs in June
Sony Corp. said Tuesday it will start selling 3-D televisions in June, joining a competitive industrywide push to convince consumers to embrace
China Resists Reading Politics into U.S. Debt Holdings
An official in charge of China's foreign reserves tried to ease American concern Tuesday about the political impact of its huge holdings of U.S. government ...
TV Fee Disputes Produce Station Blackouts on Cable
Stay tuned for more fee disputes threatening local television stations on cable TV lineups.
Asian Stocks Trade in Narrow Range Again
Asian stock markets were little moved in early trading Wednesday after investors in the U.S. seemed to pause and look back on a year of ...
McDonald's Sales Jumped 4.8% on Overseas Growth
McDonald's Corp. said Monday that sales at restaurants open at least a year climbed 4.8 percent in February on strong overseas growth
Toyoda Meets Hatoyama, Vows to Restore Trust
Toyota Motor Corp. President Akio Toyoda met with Japan's prime minister Monday and promised to restore trust in the automaker's cars
World Stocks Up on U.S. Jobs Data, Recovery Hopes
World stock markets gained Monday as a better-than-expected report about the U.S. job market lifted confidence in the economic recovery.
Employer-Consumer Standoff Makes for Slow Recovery
To understand why jobs are so scarce, consider John McFarland and Nicole Rosen. The two share something in common: They're reluctant to spend freely.
Minority Cos. Not Getting Fair Share of Stimulus Bucks
Hispanic and black businesses are receiving a disproportionately small number of federal stimulus contracts, creating a rising chorus of demands
China Faces New Pressures to Let Yuan Rise
China faces mounting pressure from trading partners to loosen currency controls and is giving signs it might raise the value of the yuan to ease ...
CBO Projects Slower Growth, Bigger Deficit Than Obama
A new congressional report released Friday says the United States' long-term fiscal woes are even worse than predicted by President Barack Obama's
Asian American Unemployment Rate Lowest
The report released Friday by the Labor Department for the month of February shows that Asian Americans have the lowest unemployment rate
Indian Conglomerate Buys W. Va. Coal Miner
A subsidiary of Indian conglomerate Essar Group has agreed to buy West Virginia-based Trinity Coal.
Trade Deficit Shrank on Falling Oil, Auto Imports
The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential ...
European Markets Rise on Industrial Output Growth
European stock markets rose Friday after a strong set of industrial production figures for January stoked hopes that the recovery from recession
China Regulator Threatens Consequences for Google
China's top Internet regulator insisted Friday that Google must obey its laws or "pay the consequences," giving no sign of a possible compromise
Haier Sells GE Appliances in Rural China
Chinese appliance maker Haier says it has joined with General Electric in selling GE appliances to rural areas, the focus of subsidies intended to boost ...
Lenovo to Refocus Business on Mobile Internet Devices
Lenovo Group expects wireless Internet products to account for up to 80 percent of its sales within five years as it pursues expansion in faster-growing ...
U.S. Video Game Sales Fell 15% in February
U.S. retail sales of video games declined 15 percent in February, hurt in part by an ongoing decline in sales of music games and lower ...
Export Growth Seen As Bright Spot for U.S. Economy
U.S. exports dipped in January, the government said Thursday, but economists weren't fazed. They predict export growth will be a bright spot
U.S. Household Wealth Up for 3rd Straight Quarter
Americans regained more of their shrunken wealth last quarter, mainly because the healing economy boosted stock portfolios.
China Inflation Fears Subdue Stock Markets
The stock market traded in a tight range for a fourth day Thursday after China reported a jump in inflation. Mixed U.S. economic news also ...
Bank of Korea Keeps Interest Rates at Historic Lows
South Korea's central bank left its key interest rate at a record low Thursday amid international sovereign debt concerns
Fewer Job Cuts than Expected Keeps Jobless Rate at 9.7%
The unemployment rate held at 9.7 percent in February as employers shed 36,000 jobs, fewer than expected. The figures suggested the job market
Sony Hopes Sophisticated Motion Controller Is Wii-Killer
Sony has a new message for Nintendo Wii gamers: Come join us. The Japanese maker of the PlayStation 3 unveiled Thursday its highly anticipated motion ...
China's Inflation Rate Surges in February
China's inflation spiked higher in February, adding to pressure on Beijing to prevent overheating and keep the recovery in the world's third-largest economy
India Aims to Pass China As Fastest Growing Economy
Just how fast can India grow? Ask Manal Farooq, who can't make gloves quickly enough. "We are facing a major problem," said Farooq
Prius Complaints May Be Feeding on Themselves
Reports of sudden acceleration in the Toyota Prius have spiked across the country. But that doesn't mean there's an epidemic of bad gas pedals
Cable Operators Ask FCC to Stop Network Blackouts
The most recent showdown left millions of Cablevision Systems Corp. customers around New York without an ABC station at the start of the Academy Awards.
Japan Revises Down Q4 Growth Rate
Japan says its economy grew notably less in the fourth quarter than initial estimates.
Inventories Fell Despite 10th Monthly Sales Rise
Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories
Samsung, Panasonic Begin Selling 3-D TVs
Want to be the first one on your block with a 3-D television? It will cost you about $3,000.
Bailout Firms' Stocks Surge on Likely Sale by Gov't
Shares of four companies that have received huge infusions of taxpayer cash soared Tuesday after a report that the government would sell its stake
Personal Incomes Flat, Spending Grows in January
Personal spending jumped by a larger amount than expected in January but Americans' incomes barely budged as millions of Social Security recipients
Hybrids Take Center Stage at Geneva
Hybrid or hype? More and more automakers rolled out their newest hybrids, or announced plans to do so, at the Geneva Auto Show on Tuesday, ...
Ford Posts 43% Sales Jump, Passes GM
Ford posted a 43 percent jump in February U.S. auto sales and outsold General Motors for the first time in nearly a dozen years as ...
GM Sales Rise 11.5% in February
Toyota's recalls and East Coast snowstorms weighed down U.S. auto sales in February, but automakers remained optimistic that a recovery is under way.
Asia Stocks Up on Hopeful Economic Data
Asian stock markets were mostly higher Tuesday as positive regional economic reports and corporate dealmaking buoyed optimism about the global
Toyota Fixes Leaky Oil Hoses in U.S., Japan
Toyota is repairing more than 1.6 million vehicles around the world, including the U.S. and Japan, for potentially leaky oil hoses
Toyota Apologizes to Europe at Geneva Auto Show
Toyota Motor Corporation kept up its worldwide damage-control campaign, apologizing to European customers at the Geneva Auto Show
S. Korea Gas Co. to Develop Canada Fields
South Korea's state-run gas company is making a $565 million Canadian ($543 million) investment in two northeastern British Columbia natural gas plays.
Japan Unemployment Rate Fell in January
3/1/2010 6:53 PM TOKYO (AP)
Roche Suspends Arthritis Drug Study After Deaths
Swiss pharmaceutical company Roche Group said Monday it has suspended a late-stage trial for a new rheumatoid arthritis and lupus drug
Working Chinese Left Out of Soaring Housing Market
The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home.
China February Exports, Imports Soar 45%
China's exports rose in February in a new sign of growing global demand that could help persuade officials to let the Chinese currency rise.
Success of Specials Masks TV's Shrinking Audience
While special events are doing very well for broadcasters — capped off by an Oscars telecast that was the most-watched entertainment program in five years ...
Cisco Debuts High-Speed Router for Internet Backbone
Cisco Systems Inc. announced Tuesday that it is upgrading one of its biggest pieces of networking hardware, a router that's used to power the most ...
Ford Launches First Subcompact Made for India
Ford Motor Co. launched its first made-for-India compact car Tuesday, as the U.S. automaker continues its push into fast-growing Asian markets.
China Passenger Car Sales Jumped 55% in February
China's passenger car sales climbed 55 percent from a year earlier in Feburary, despite a long national holiday, on strong demand for smaller cars and ...
Daimler Sells Off Stake in India's Tata Motors
German automaker Daimler AG says it has sold all of its shares in India's Tata Motors to various groups of investors through the capital markets.
Sony to Begin Selling 3-D TVs in June
Sony Corp. said Tuesday it will start selling 3-D televisions in June, joining a competitive industrywide push to convince consumers to embrace
China Resists Reading Politics into U.S. Debt Holdings
An official in charge of China's foreign reserves tried to ease American concern Tuesday about the political impact of its huge holdings of U.S. government ...
TV Fee Disputes Produce Station Blackouts on Cable
Stay tuned for more fee disputes threatening local television stations on cable TV lineups.
Asian Stocks Trade in Narrow Range Again
Asian stock markets were little moved in early trading Wednesday after investors in the U.S. seemed to pause and look back on a year of ...
McDonald's Sales Jumped 4.8% on Overseas Growth
McDonald's Corp. said Monday that sales at restaurants open at least a year climbed 4.8 percent in February on strong overseas growth
Toyoda Meets Hatoyama, Vows to Restore Trust
Toyota Motor Corp. President Akio Toyoda met with Japan's prime minister Monday and promised to restore trust in the automaker's cars
World Stocks Up on U.S. Jobs Data, Recovery Hopes
World stock markets gained Monday as a better-than-expected report about the U.S. job market lifted confidence in the economic recovery.
Employer-Consumer Standoff Makes for Slow Recovery
To understand why jobs are so scarce, consider John McFarland and Nicole Rosen. The two share something in common: They're reluctant to spend freely.
Minority Cos. Not Getting Fair Share of Stimulus Bucks
Hispanic and black businesses are receiving a disproportionately small number of federal stimulus contracts, creating a rising chorus of demands
China Faces New Pressures to Let Yuan Rise
China faces mounting pressure from trading partners to loosen currency controls and is giving signs it might raise the value of the yuan to ease ...
CBO Projects Slower Growth, Bigger Deficit Than Obama
A new congressional report released Friday says the United States' long-term fiscal woes are even worse than predicted by President Barack Obama's
Asian American Unemployment Rate Lowest
The report released Friday by the Labor Department for the month of February shows that Asian Americans have the lowest unemployment rate
Indian Conglomerate Buys W. Va. Coal Miner
A subsidiary of Indian conglomerate Essar Group has agreed to buy West Virginia-based Trinity Coal.
Trade Deficit Shrank on Falling Oil, Auto Imports
The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential ...
European Markets Rise on Industrial Output Growth
European stock markets rose Friday after a strong set of industrial production figures for January stoked hopes that the recovery from recession
China Regulator Threatens Consequences for Google
China's top Internet regulator insisted Friday that Google must obey its laws or "pay the consequences," giving no sign of a possible compromise
Haier Sells GE Appliances in Rural China
Chinese appliance maker Haier says it has joined with General Electric in selling GE appliances to rural areas, the focus of subsidies intended to boost ...
Lenovo to Refocus Business on Mobile Internet Devices
Lenovo Group expects wireless Internet products to account for up to 80 percent of its sales within five years as it pursues expansion in faster-growing ...
U.S. Video Game Sales Fell 15% in February
U.S. retail sales of video games declined 15 percent in February, hurt in part by an ongoing decline in sales of music games and lower ...
Export Growth Seen As Bright Spot for U.S. Economy
U.S. exports dipped in January, the government said Thursday, but economists weren't fazed. They predict export growth will be a bright spot
U.S. Household Wealth Up for 3rd Straight Quarter
Americans regained more of their shrunken wealth last quarter, mainly because the healing economy boosted stock portfolios.
China Inflation Fears Subdue Stock Markets
The stock market traded in a tight range for a fourth day Thursday after China reported a jump in inflation. Mixed U.S. economic news also ...
Bank of Korea Keeps Interest Rates at Historic Lows
South Korea's central bank left its key interest rate at a record low Thursday amid international sovereign debt concerns
Fewer Job Cuts than Expected Keeps Jobless Rate at 9.7%
The unemployment rate held at 9.7 percent in February as employers shed 36,000 jobs, fewer than expected. The figures suggested the job market
Sony Hopes Sophisticated Motion Controller Is Wii-Killer
Sony has a new message for Nintendo Wii gamers: Come join us. The Japanese maker of the PlayStation 3 unveiled Thursday its highly anticipated motion ...
China's Inflation Rate Surges in February
China's inflation spiked higher in February, adding to pressure on Beijing to prevent overheating and keep the recovery in the world's third-largest economy
India Aims to Pass China As Fastest Growing Economy
Just how fast can India grow? Ask Manal Farooq, who can't make gloves quickly enough. "We are facing a major problem," said Farooq
Prius Complaints May Be Feeding on Themselves
Reports of sudden acceleration in the Toyota Prius have spiked across the country. But that doesn't mean there's an epidemic of bad gas pedals
Cable Operators Ask FCC to Stop Network Blackouts
The most recent showdown left millions of Cablevision Systems Corp. customers around New York without an ABC station at the start of the Academy Awards.
Japan Revises Down Q4 Growth Rate
Japan says its economy grew notably less in the fourth quarter than initial estimates.
Inventories Fell Despite 10th Monthly Sales Rise
Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories
Samsung, Panasonic Begin Selling 3-D TVs
Want to be the first one on your block with a 3-D television? It will cost you about $3,000.
Bailout Firms' Stocks Surge on Likely Sale by Gov't
Shares of four companies that have received huge infusions of taxpayer cash soared Tuesday after a report that the government would sell its stake
Personal Incomes Flat, Spending Grows in January
Personal spending jumped by a larger amount than expected in January but Americans' incomes barely budged as millions of Social Security recipients
Hybrids Take Center Stage at Geneva
Hybrid or hype? More and more automakers rolled out their newest hybrids, or announced plans to do so, at the Geneva Auto Show on Tuesday, ...
Ford Posts 43% Sales Jump, Passes GM
Ford posted a 43 percent jump in February U.S. auto sales and outsold General Motors for the first time in nearly a dozen years as ...
GM Sales Rise 11.5% in February
Toyota's recalls and East Coast snowstorms weighed down U.S. auto sales in February, but automakers remained optimistic that a recovery is under way.
Asia Stocks Up on Hopeful Economic Data
Asian stock markets were mostly higher Tuesday as positive regional economic reports and corporate dealmaking buoyed optimism about the global
Toyota Fixes Leaky Oil Hoses in U.S., Japan
Toyota is repairing more than 1.6 million vehicles around the world, including the U.S. and Japan, for potentially leaky oil hoses
Toyota Apologizes to Europe at Geneva Auto Show
Toyota Motor Corporation kept up its worldwide damage-control campaign, apologizing to European customers at the Geneva Auto Show
S. Korea Gas Co. to Develop Canada Fields
South Korea's state-run gas company is making a $565 million Canadian ($543 million) investment in two northeastern British Columbia natural gas plays.
Japan Unemployment Rate Fell in January
3/1/2010 6:53 PM TOKYO (AP)
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