Investors Encouraged by Citi Earnings, Housing Data
Better than expected third-quarter earnings from Citigroup Inc. on Monday helped shore up sentiment in stock markets at the start of a busy week
Business
Halliburton Profits Double on Natural Gas Drilling
Halliburton Co. said Monday its net income more than doubled in the third quarter as vigorous drilling for natural gas onshore in the U.S. offset
France Forced to Cut Half of Flights Amid Strikes
France's civil aviation authority says airlines must drastically cut back on their flights into France on Tuesday due to strikes over the government's pension
Citi Posts $2.15 Bil. Profit As Loan Losses Decline
Citigroup says it has turned a profit for the third straight quarter as losses from failed loans declined.
Asia Stocks Fall, Dollar Strengthens on Fed Doubts
Asian stocks fell Monday at the start of a busy week on both the economic and corporate news front, while the dollar recouped some recent ...
Hitachi, Johnson Controls Ink Lithium-Ion Battery Pact
Japanese electronics company Hitachi is tying up with a U.S. battery-maker in developing and making batteries for green vehicles, both sides
Nikkei Gains on Tech Optimism
Asian stock markets were mixed in early trading Monday, with Japanese tech shares gaining after Google's upbeat earnings sparked a Nasdaq rally
Luxury Sales Back to Pre-Crisis Levels
The luxury sector is rebounding better-than-expected this year thanks in large part to wealthy Americans replenishing their wardrobes after a year
World Markets Flat, Dollar Slides Awaiting Fed Move
World stock markets were steady Thursday ahead of European interest rate decisions and the start of the U.S. corporate earnings reporting season
Wholesale Buying, Inventories Rise
Businesses have been restocking store shelves since the recession ended, a sign that they expect the economic recovery to continue.
95,000 Jobs Lost in Sept on Massive Gov't Layoffs
A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 ...
China Launches Quest for Domestic Potash Sources
China has launched a search for domestic sources of potash to ensure stable supplies of the mineral used in fertilizer, a state news agency said ...
Honda Fit Hybrid Goes on Sale in Japan
Honda's new hybrid Fit subcompact went on sale in Japan on Friday as the automaker expands its green car lineup that already includes the Insight
PayPal iPhone App Allows Check Deposits
Betting you wouldn't trek to your bank or the closest ATM if you didn't have to, PayPal has added a feature to its free iPhone ...
Japan Approves New $61 Bil. Stimulus Package
The Japanese Cabinet has approved 5.05 trillion yen ($61 billion) in new measures to stimulate the country's economy.
Consumers Cut Credit Card Use for 24th Month
Consumer borrowing fell again in August as consumers cut back on credit card use for the 24th consecutive month, the Federal Reserve said Thursday.
Retail Sales Grow More Than Expected
Retailers reported surprisingly solid sales gains for September, boosted by back-to-school shopping, much of it pushed into September by parents
PepsiCo Revenues Soar on Overseas Growth
PepsiCo's third-quarter net income rose 12 percent on strong sales gains abroad and strength in its drinks and Frito-Lay snacks.
China Oil Co Signs Big Gas Deal with French Utility
Chinese offshore oil and gas company CNOOC agreed Saturday to buy 2.6 million tons of liquefied natural gas from French utility GDF Suez SA.
Toyota Steps Up Efforts to Win Back Customers
Aiming to win back customer trust after its string of recalls, Toyota Motor Corp. is offering American buyers of new Toyota- and Scion-brand vehicles
Japan Forex Reserves Hit New High After Failed Intervention
Japan's foreign exchange reserves hit an all-time high in September after the central bank intervened in currency markets for the first time
Samsung Expects Earnings to Fall Below Record
Samsung Electronics, the world's biggest seller of computer memory chips, forecast Thursday that third-quarter operating profit likely eased
Verizon Wireless to Roll Out 4G in 38 Cities
Verizon Wireless said Wednesday that its new wireless broadband network, which offers higher data speeds initially for laptop users
Cisco to Sell HD Home Video-Conferencing Box
Cisco Systems Inc., seeking to become a bigger name in consumer electronics, said Wednesday that it's going to start selling a $599 box
GE Taps Natural Gas Boom with Dresser Deal
General Electric Co. is expanding its energy business by tapping into the growing reliance of utilities and factories on natural gas.
Midnight Grocery Runs a Sign of Hard Times
Once a month, just after midnight, the beeping checkout scanners at a Walmart just off Interstate 95 come alive in a chorus of financial desperation.
Apple Readies iPhone for CDMA Markets
A new report says Apple is getting ready to manufacture a new iPhone that works on cellular networks based on CDMA technology
Stocks Fall As China Seeks to Slow Lending
Stock futures dropped Tuesday following reports that China is again forcing banks to hold more reserves to slow lending.
Weak Dollar Brings Pros, Cons for Consumers
The way investors have unloaded the U.S. dollar lately, you'd think it was kryptonite. It has fallen 10 percent against the euro in just three ...
Fed Leans toward 2-Step Stimulus
The Federal Reserve is leaning toward taking two steps to boost the economy: Buying more Treasury bonds to drive down loan rates, and signaling
Apple Shares Touch New Record on iPad Hopes
Apple Inc.'s stock flirted with $300 Tuesday as investors high on the iPad's promise pushed shares to a record peak. Analysts see few reasons
Google to Build Off-Shore Wind Farms
Google will invest heavily in a network of deepwater transmission lines to bring power from offshore wind farms, yet to be built, to states along ...
China Raises Big Bank Reserve Ratio for 2 Months
China has raised reserve requirements for the six biggest commercial banks by 50 basis points on a temporary basis to cut the money supply
Pfizer to Buy King Pharmaceutical
Pfizer Inc., the world's largest pharmaceutical company by revenue, said Tuesday it will buy pain drug maker King Pharmaceuticals Inc. for $3.6 billion in cash.
Fed Rate Setter Dampens Market Hopes
World markets fell Tuesday after a leading U.S. rate-setter dampened expectations that the Federal Reserve is preparing a massive monetary stimulus
France Begins Mass Strikes Over Pension Reforms
Workers tried to shut down France on Tuesday with strikes affecting airports, public transportation, schools and the postal service in a showdown
Icahn Tries to Fold MGM into Lions Gate
Lions Gate is offering to combine its business with MGM in a deal supported by billionaire investor Carl Icahn, who owns stakes in both studios.
Flipboard iPad App Makes Magazines from Links
Apple Inc.'s iPad has hatched a new breed of magazines, one filled with a constantly changing mix of articles, photos and videos
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 ...
Microsoft Stakes Wireless Future on Cell Phone Software
Microsoft Corp. knows the cell phone world is where it's happening, and it's determined to be a part of it.
World Stocks Stay Up on Fed Easing Hopes
Global stock markets rose Monday amid ongoing expectations that the Federal Reserve will decide to pump more money into the U.S. economy next month.
Stalled Foreclosures Could Derail Housing Recovery
Karl Case, the co-creator of a widely watched housing market index, was upbeat three weeks ago. Mulling the economy while at a meeting at a ...
Virgin Galactic Makes First Solo Glide Flight
Virgin Galactic's space tourism rocket SpaceShipTwo achieved its first solo glide flight Sunday, marking another step in the company's eventual plans
China Buys a Third of Chesapeake's S. Tex Oil Field
China's state-owned offshore oil and gas company has bought a one-third interest in 600,000 acres that Chesapeake Energy leases in a South
Google Tests Self-Driving Cars on Calif. Roads
Google Inc. is road-testing cars that steer, stop and start without a human driver, the company says.
China Signals Gradual Rise in Yuan Value
The head of China's central bank says he agrees that appreciation of his country's currency should accelerate but repeated Beijing's insistence
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
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
Investors Encouraged by Citi Earnings, Housing Data
Better than expected third-quarter earnings from Citigroup Inc. on Monday helped shore up sentiment in stock markets at the start of a busy week
Halliburton Profits Double on Natural Gas Drilling
Halliburton Co. said Monday its net income more than doubled in the third quarter as vigorous drilling for natural gas onshore in the U.S. offset
France Forced to Cut Half of Flights Amid Strikes
France's civil aviation authority says airlines must drastically cut back on their flights into France on Tuesday due to strikes over the government's pension
Citi Posts $2.15 Bil. Profit As Loan Losses Decline
Citigroup says it has turned a profit for the third straight quarter as losses from failed loans declined.
Asia Stocks Fall, Dollar Strengthens on Fed Doubts
Asian stocks fell Monday at the start of a busy week on both the economic and corporate news front, while the dollar recouped some recent ...
Hitachi, Johnson Controls Ink Lithium-Ion Battery Pact
Japanese electronics company Hitachi is tying up with a U.S. battery-maker in developing and making batteries for green vehicles, both sides
Nikkei Gains on Tech Optimism
Asian stock markets were mixed in early trading Monday, with Japanese tech shares gaining after Google's upbeat earnings sparked a Nasdaq rally
Luxury Sales Back to Pre-Crisis Levels
The luxury sector is rebounding better-than-expected this year thanks in large part to wealthy Americans replenishing their wardrobes after a year
World Markets Flat, Dollar Slides Awaiting Fed Move
World stock markets were steady Thursday ahead of European interest rate decisions and the start of the U.S. corporate earnings reporting season
Wholesale Buying, Inventories Rise
Businesses have been restocking store shelves since the recession ended, a sign that they expect the economic recovery to continue.
95,000 Jobs Lost in Sept on Massive Gov't Layoffs
A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 ...
China Launches Quest for Domestic Potash Sources
China has launched a search for domestic sources of potash to ensure stable supplies of the mineral used in fertilizer, a state news agency said ...
Honda Fit Hybrid Goes on Sale in Japan
Honda's new hybrid Fit subcompact went on sale in Japan on Friday as the automaker expands its green car lineup that already includes the Insight
PayPal iPhone App Allows Check Deposits
Betting you wouldn't trek to your bank or the closest ATM if you didn't have to, PayPal has added a feature to its free iPhone ...
Japan Approves New $61 Bil. Stimulus Package
The Japanese Cabinet has approved 5.05 trillion yen ($61 billion) in new measures to stimulate the country's economy.
Consumers Cut Credit Card Use for 24th Month
Consumer borrowing fell again in August as consumers cut back on credit card use for the 24th consecutive month, the Federal Reserve said Thursday.
Retail Sales Grow More Than Expected
Retailers reported surprisingly solid sales gains for September, boosted by back-to-school shopping, much of it pushed into September by parents
PepsiCo Revenues Soar on Overseas Growth
PepsiCo's third-quarter net income rose 12 percent on strong sales gains abroad and strength in its drinks and Frito-Lay snacks.
China Oil Co Signs Big Gas Deal with French Utility
Chinese offshore oil and gas company CNOOC agreed Saturday to buy 2.6 million tons of liquefied natural gas from French utility GDF Suez SA.
Toyota Steps Up Efforts to Win Back Customers
Aiming to win back customer trust after its string of recalls, Toyota Motor Corp. is offering American buyers of new Toyota- and Scion-brand vehicles
Japan Forex Reserves Hit New High After Failed Intervention
Japan's foreign exchange reserves hit an all-time high in September after the central bank intervened in currency markets for the first time
Samsung Expects Earnings to Fall Below Record
Samsung Electronics, the world's biggest seller of computer memory chips, forecast Thursday that third-quarter operating profit likely eased
Verizon Wireless to Roll Out 4G in 38 Cities
Verizon Wireless said Wednesday that its new wireless broadband network, which offers higher data speeds initially for laptop users
Cisco to Sell HD Home Video-Conferencing Box
Cisco Systems Inc., seeking to become a bigger name in consumer electronics, said Wednesday that it's going to start selling a $599 box
GE Taps Natural Gas Boom with Dresser Deal
General Electric Co. is expanding its energy business by tapping into the growing reliance of utilities and factories on natural gas.
Midnight Grocery Runs a Sign of Hard Times
Once a month, just after midnight, the beeping checkout scanners at a Walmart just off Interstate 95 come alive in a chorus of financial desperation.
Apple Readies iPhone for CDMA Markets
A new report says Apple is getting ready to manufacture a new iPhone that works on cellular networks based on CDMA technology
Stocks Fall As China Seeks to Slow Lending
Stock futures dropped Tuesday following reports that China is again forcing banks to hold more reserves to slow lending.
Weak Dollar Brings Pros, Cons for Consumers
The way investors have unloaded the U.S. dollar lately, you'd think it was kryptonite. It has fallen 10 percent against the euro in just three ...
Fed Leans toward 2-Step Stimulus
The Federal Reserve is leaning toward taking two steps to boost the economy: Buying more Treasury bonds to drive down loan rates, and signaling
Apple Shares Touch New Record on iPad Hopes
Apple Inc.'s stock flirted with $300 Tuesday as investors high on the iPad's promise pushed shares to a record peak. Analysts see few reasons
Google to Build Off-Shore Wind Farms
Google will invest heavily in a network of deepwater transmission lines to bring power from offshore wind farms, yet to be built, to states along ...
China Raises Big Bank Reserve Ratio for 2 Months
China has raised reserve requirements for the six biggest commercial banks by 50 basis points on a temporary basis to cut the money supply
Pfizer to Buy King Pharmaceutical
Pfizer Inc., the world's largest pharmaceutical company by revenue, said Tuesday it will buy pain drug maker King Pharmaceuticals Inc. for $3.6 billion in cash.
Fed Rate Setter Dampens Market Hopes
World markets fell Tuesday after a leading U.S. rate-setter dampened expectations that the Federal Reserve is preparing a massive monetary stimulus
France Begins Mass Strikes Over Pension Reforms
Workers tried to shut down France on Tuesday with strikes affecting airports, public transportation, schools and the postal service in a showdown
Icahn Tries to Fold MGM into Lions Gate
Lions Gate is offering to combine its business with MGM in a deal supported by billionaire investor Carl Icahn, who owns stakes in both studios.
Flipboard iPad App Makes Magazines from Links
Apple Inc.'s iPad has hatched a new breed of magazines, one filled with a constantly changing mix of articles, photos and videos
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 ...
Microsoft Stakes Wireless Future on Cell Phone Software
Microsoft Corp. knows the cell phone world is where it's happening, and it's determined to be a part of it.
World Stocks Stay Up on Fed Easing Hopes
Global stock markets rose Monday amid ongoing expectations that the Federal Reserve will decide to pump more money into the U.S. economy next month.
Stalled Foreclosures Could Derail Housing Recovery
Karl Case, the co-creator of a widely watched housing market index, was upbeat three weeks ago. Mulling the economy while at a meeting at a ...
Virgin Galactic Makes First Solo Glide Flight
Virgin Galactic's space tourism rocket SpaceShipTwo achieved its first solo glide flight Sunday, marking another step in the company's eventual plans
China Buys a Third of Chesapeake's S. Tex Oil Field
China's state-owned offshore oil and gas company has bought a one-third interest in 600,000 acres that Chesapeake Energy leases in a South
Google Tests Self-Driving Cars on Calif. Roads
Google Inc. is road-testing cars that steer, stop and start without a human driver, the company says.
China Signals Gradual Rise in Yuan Value
The head of China's central bank says he agrees that appreciation of his country's currency should accelerate but repeated Beijing's insistence
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
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
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