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Business

Firms Boost Productivity Instead of Hiring

Employers are managing to boost production without creating new jobs. The question is when they'll feel the need to ramp up hiring.

18 Charged in Theft of Samsung Chip Technology

The world's top producers of computer memory chips are embroiled in an apparent case of industrial espionage after South Korean prosecutors indicted 18

Toyota Says Flaw in Prius Brakes Fixed Last Month

Toyota acknowledged design problems with the brakes in its prized Prius, adding to the catalog of woes for the Japanese automaker as it reels

Toyota Reports $1.7 Bil. Profit, Raises Forecast

Toyota Motor Corp. returned to profit in the October-December quarter and raised its annual earnings forecast, but analysts warned of a grim outlook

Lenovo Profits Continue Rising on 45% China Growth

Lenovo Group, the fourth-largest personal computer maker, reported its second straight quarterly profit Thursday as strong sales in China drove its recovery

Joojoo Web Tablet Set to Debut Despite Legal Dispute

The Joojoo, a Web-browsing tablet device that's the subject of a high-profile Silicon Valley legal dispute, appears on track to reach early buyers

Estée Lauder Marks Roaring Tiger Year with Special Compact

Estée Lauder is comemorating the Year of the Tiger with a limited edition Tiger compact. The release of this special item

Asia, Europe Stocks Rise on U.S. Housing News

World stock markets jumped Wednesday, following Wall Street higher after encouraging reports about the beleaguered U.S. housing sector helped restore

Asian Stocks Fall on Europe Debt Fears

Asian stock markets extended their slide Monday, after Wall Street notched its fourth straight weekly drop, amid worries over risks from debt troubles

Toyota Recalls 437,000 Hybrids for Brake Fix

Toyota says it is recalling about 437,000 Prius and other hybrid vehicles worldwide to fix brake problems — the latest in a string of embarrassing ...

JAL Rebuffs Delta, Sticks with American

Japan Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, spurned the world's biggest carrier

German Exports Fell Most in 60 Years

German exports tumbled by nearly one-fifth last year, the biggest fall for 60 years and one that officially knocked the country off its perch

HK Animation Studio Behind TMNT, Astroboy Shuts Down

The Hong Kong studio behind "TMNT" and "Astro Boy" has shut down as its parent company tries to recover from losses.

Nissan Returned to Profit in Q4

Japanese carmaker Nissan Motor Co. said Tuesday it booked a profit in the October-December quarter after a deep loss a year earlier

Apple Wins Smart Phone Sales at Blackberry's Expense

Apple Inc.'s iPhone gained a percentage point of U.S. smart phone market share while BlackBerry maker Research in Motion Inc. lost a point in the ...

Dow Closes Below 10,000 for First Time in 3 Months

The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.

Toyota Plans to Recall 300,000 Priuses

Toyota plans to recall about 300,000 Prius hybrids worldwide over a brake problem and is likely to notify both the U.S. and Japanese governments Tuesday

Singapore Expects Up to 6.5% GDP Growth

Singapore raised its 2010 GDP forecast and now expects the city-state's economy to grow as much as 6.5 percent after contracting last year.

U.S. Economic Stress Peaked in December

Weakness in Western energy-producing states helped raise the average U.S. county's economic stress in December to its highest point since the recession

European Stocks Rise Past Debt Fears on Bargain-Hunting

European markets rebounded Monday as investors looked past a slump in Asia and set aside worries about debt problems in countries like Greece and Portugal

Power Struggle Scuttles Suntory-Kirin Merger

A clash over control has scuttled plans for Japanese beermaker Kirin Holdings Co. and smaller rival Suntory Holdings Ltd. to create one of the world's

Toyota May Benefit from Powerful Friends in D.C.

Toyota has friends in high places in Washington, including some of the very people now investigating the Japanese automaker.

Toyota Expected to Announce Prius Recall

Toyota said Sunday that it will soon announce plans to deal with braking problems in its prized Prius hybrid amid reports it has decided to ...

Boeing 747-8 Freighter Set for Monday Test Flight

Boeing Co.'s giant 747-8 freighter should make its first flight Monday after performing well on taxi tests and reaching a top speed of about 103.5 ...

PayPal Suspends Some Transactions in India

The online payments service PayPal has taken the unusual step of suspending many transactions in India for more than a week.

Australian Coal Miner Inks Record Export Deal with China

Australian company Resourcehouse Ltd. said Saturday that it has struck a $60 billion, 20-year agreement to supply coal to China Power International Development Ltd.

Kia Opens First N. American Plant in Georgia

Gov. Sonny Perdue joined Korean and American dignitaries in celebrating the opening of Kia's first North American manufacturing facility

Gasoline Prices to Make Seasonal Upward Move

It may not make much sense, given that the economy remains weak, but the cost of filling up your car is about to go higher.

January Chip Sales Up 47.2%

Worldwide semiconductor sales came in at $22.5 billion in January — 47.2 percent above year-earlier levels — the Semiconductor Industry Association reported Monday.

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

Buffet Says Health Care Costs Hurt U.S. Economy

Billionaire Warren Buffett says health care costs are a major drain on U.S. businesses and act like an "economic tape worm."

Dish Network Gains Subscribers, Profits Beat Views

Dish Network's aggressive advertising blitz grabbed more subscribers for the third straight quarter, the company reported Monday, though that cut into profits

Asian Stocks Rise Again on China Manufacturing Growth

Asian stock markets advanced Monday, with Hong Kong's index up nearly 2 percent, after China said manufacturing continued to grow

Geneva Auto Show Marks Transition to Rocky Recovery

For most of the world's automakers, the Geneva Auto Show will be back-to-business with new model rollouts to put the gotta-have-it gleam

Toyota Plant Seen As Salvation for Mississippi Town

Terry McShan isn't thinking about car sales analyses or excess capacity when he drives by the idle Toyota plant in northeast Mississippi. He's thinking about ...

Akio Toyoda to Apologizes to China's Consumers

Toyota says its president Akio Toyoda will speak to reporters in Beijing on Monday about the company's recent quality problems.

Japan Unemployment Rate Fell in January

3/1/2010 6:53 PM TOKYO (AP)

IMF Chief Proposes Creating Alternative to Dollar

Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries

Fannie Mae Seeks $1.53 Bil. Bailout After Big Q4 Loss

Fannie Mae is asking for a federal cash infusion of $15.3 billion after posting another big loss in the fourth quarter of last year.

Cell Phone Cameras Used for Mobile Police Surveillance

Police patrolling the Port of Los Angeles have a new tool to help improve surveillance at one of the nation's busiest ports.

Japan, Britain Data Shore Up World Markets

World markets rose Friday after solid Japanese and British economic data helped shore up investor optimism, a day after concerns about Greece's debt

China's Top State-Owned Studio Eyes Shanghai IPO

China's leading state-owned film studio is gearing up to offer shares on Shanghai's stock market by the end of the year, a senior executive

Japan Industrial Output, Retail Sales Grow

Japan's industrial output rose for the 11th straight month in January amid rising demand in China and elsewhere in Asia while retail sales

Toyota Crisis Spotlights Importance of Auto Electronics

Investigations into whatever is lurking behind Toyota's crisis of quality have put a spotlight on all that can go wrong with auto electronics

Stocks Fall on Jitters Over Pace of Recovery

Stocks tumbled Thursday as downbeat news about the nation's job market and debt loads in Europe revived fears that a global economic recovery

TiVo to Release DVR That Integrates Internet with TV Movies

TiVo Inc., the pioneer of the digital video recorder, hopes its new DVRs coming out this spring will keep the company relevant

Toyota Prius Tops Japan Sales Despite Recall

Toyota's Prius remains the top-selling car in Japan despite the automaker's global recall woes that included braking problems with the hit hybrid.

Hulu May Start Charging for Access to Videos

Hulu's days as a free online video site could be ending soon. Comedy Central's decision to yank two of the most popular shows

Toyota to Spend $250 Mil. to Help California Employees

Toyota said Wednesday it will spend $250 million to assist employees at a Northern California factory slated to be closed next month.

Radisson to Get $1.5 Bil. Upmarket Makeover in U.S.

Radisson hotels are getting a $1.5 billion luxury rebranding and facelift in the U.S., owner Carlson Hotels Worldwide announced Wednesday