Natural Gas Shale May Be Next Big Boom or Bubble
The promise of enough natural gas to last the United States more than 100 years based on discoveries of vast shale formations could be the ...
Business
BOA Reports $2.2 Bil. Loss on Rising Bad Loans
Bank of America Corp. says it lost more than $2 billion in the third quarter as its loan losses continued to rise. The nation's second-largest ...
Twitter Launches Japanese Mobile Site
Twitter Inc. now speaks Japanese — and it plans to be multilingual within months. The popular microblogging service launched a Japan-based mobile version Thursday, hoping ...
IBM Profits Jump, Boosts '09 Guidance
IBM Corp. has jacked up its profit guidance for the second time this year, a sign of the company's confidence that it can uncork more ...
Google Earns Record Profit on Revenue Growth
Google Inc. shifted into a higher gear in the third quarter and began to leave the recession behind as the 11-year-old Internet search leader recorded ...
California Home Sales Up 1% in September
The number of homes sold in California last month ticked up last month from August, as low mortgage rates and eagerness to cash in on ...
AMD Reports Strong Sales on Rising CPU Demand
Advanced Micro Devices Inc. lost money in the third quarter but said Thursday that sales were stronger than expected, adding to mounting evidence that consumer ...
China Sept. Data Shows Return to Robust Growth
China's foreign direct investment and power usage rose in September, in the latest evidence the country's economic recovery is gaining momentum. Foreign direct investment in ...
Gap to Resume TV Ads, Expand into China
The apparel retailer Gap Inc. on Thursday announced plans to return to television advertising in November for its namesake brand, after a two-year hiatus,
Consumer Stinginess Shows Up in Corporate Profits
People aren't just shopping more at Family Dollar. They're buying the cheapest stuff on its racks. Even Pizza Hut's sales are slowing as consumers seek ...
Retail, Jobs Data Boost Wall Street
Stocks are resuming their climb as investors get positive readings on two of the best gauges of the economy's health: consumer spending and corporate profits. ...
GM to Sell Hummer to Sichuan Tengzhong Heavy
General Motors Co. is poised to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon, ...
New Jobless Claims Lowest Since January
The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs ease a bit ...
GM Names New Sales Chief As U.S. Market Share Erodes
Less than a week after reporting a sharp drop in September sales, GM said its U.S. sales chief is leaving as the automaker struggles to ...
Marriott Posts Q3 Loss on Timeshare Slump
Marriott International says it lost $466 million in its third quarter on hefty impairment charges, mostly related to its timeshare business. The hotel operator lost ...
Nissan Land Glider Electric As Agile As a Motorcycle
Nissan's Land Glider electric vehicle tilts from side to side, sashaying into curves by up to a 17-degree angle, as though showing off in a ...
Worldwide Prescription Drug Sales Growth Slows
Growth of prescription drug revenue worldwide will likely dip to between 4 percent and 6 percent next year — the lowest rate in at least ...
Dell to Make Android Phones for AT&T
Dell Inc. is working on a "smart" phone for AT&T that runs Google Inc.'s Android phone operating system, according to a newspaper report Wednesday. The ...
Another Asset Bubble May Be Forming Already
The next financial bubble could come sooner than you think. A year after the collapse of home values triggered the financial crisis and Great Recession, ...
Ciena to Buy Nortel Assets for $521 Mil.
Ciena Corp. says it has agreed to by the optical networking and carrier Ethernet assets of Nortel Networks' Metro Ethernet Networks business for roughly $521 ...
Costco Beats Street Despite Profit Slip
Costco Wholesale Corp. said Wednesday that its fiscal fourth-quarter profit fell 6 percent, partly on the stronger dollar and increased employee benefit costs, but results ...
Burger King Upgrades to Hip New Look
Burger King Corp. plans to swap its generic fast-food feel and bland tiles and tabletops for a vibe that's more sit-down than drive-through. As part ...
Gold Hits New Record High on Falling Dollar
Gold prices surged to a new high Tuesday as investors sought a safe harbor from a falling dollar and inflation. Gold for December delivery rose ...
Next Boom Likely to Be Powered by Cleantech
Our economy sure could use the Next Big Thing. Something on the scale of railroads, automobiles or the Internet — the kind of breakthrough that ...
Stocks Rise, Dollar Sinks on Aussie Interest-Rate Hike
The dollar tumbled Tuesday, hitting a 14-month low against the Australian currency and circling year lows against the euro, after an interest rate increase from ...
Samsung to Report Record Profits for Q3
Samsung Electronics Co. said Tuesday that profit likely surged in the third quarter on higher sales, amid a brightening outlook for the world's largest manufacturer ...
Bailed Out Dairy Industry Must Restructure: Ag Sect'y
The struggling U.S. dairy industry must be restructured to avoid cycles of boom and bust, Agriculture Secretary Tom Vilsack said Monday, less than a week ...
Comcast to Send Popups to PCs with Virus Infection
Comcast Corp. wants to enlist its customers in a fight against a huge problem for Internet providers — the armies of infected personal computers, known ...
Comcast Deal Lets GE Unwind Stake in NBC Universal
A proposed deal to acquire media giant NBC Universal would give current owner General Electric Co. the ability to unwind its stake over several years, ...
Asian Stocks Rise on Solid Growth Data
Most Asian stock markets advanced Tuesday, with Japanese and Hong Kong benchmarks gaining 1 percent or more, amid signs of economic improvement in Asia and ...
China Hainan Airlines to Begin Service to Hawaii
China's Hainan Airlines has received approval to begin service from Beijing to Hawaii. The U.S. Department of Transportation approved the flights, which initially will be ...
Sidekick Phones Lose All Personal, Contacts Data
Owners of Sidekick phones may have lost all the personal information they put on the device, including contact numbers, because of a failure of servers ...
Carly Simon Sues Starbucks for Poor Promotion
Singer Carly Simon is suing Starbucks Corp., saying the coffee company's now-defunct music venture didn't adequately promote her 2008 album, dooming the record before it ...
Singapore Economy Surges for 2nd Straight Quarter
Singapore's economy surged for a second straight quarter, and the government boosted its 2009 growth forecast, as manufacturing cemented the city-state's emergence from recession.
Phillips Q3 Profits Treble
Royal Philips Electronics NV reported net profit of €174 million ($256 million) for the third quarter on Monday, three times the depressed levels of a ...
Russian Economy Sank More than Forecast Says Medvedev
Russian President Dmitry Medvedev said Sunday that Russia's economy was hit harder than expected by the global financial crisis, but Kremlin measures helped the country ...
China Growth Over 7% for Jan-Sept 2009
China's economy expanded more than 7 percent in the first nine months of the year and will certainly surpass the 2009 growth target of 8 ...
Japan Suspends U.S. Beef Shipments Again for Violation
Japan has suspended beef shipments from an American meatpacking plant after finding cattle parts banned under an agreement to prevent the spread of mad cow ...
Hummer Now Owned by China's Sichuan Tengzhong
Hummer, the off-road vehicle that once epitomized America's love for hulking trucks, is now in the hands of a Chinese heavy equipment maker. General Motors ...
USA Today Posts 17% Circulation Drop
USA Today expects to report the largest decline in circulation in its 27-year history, threatening its No. 1 position among U.S. dailies as the growth ...
Shanghai Leads Global Stock Rally on Rising Dollar
Chinese stocks rallied Friday as traders returned to their desks following a weeklong holiday, when the rest of the world's major markets shot higher amid ...
Audi Sales Decline Eased by Strong Asia Growth
German carmaker Audi AG said Friday it delivered 6.8 percent fewer cars in September than a year earlier as the global downturn continued to affect ...
AP, News Corp Want Search Engines to Pay for News
The leaders of two of the world's major news organizations said Friday that it is time for search engines and others who use news content ...
Infosys Raises Outlook Despite Profit Dip
Infosys Technologies Ltd. reported a slight decrease in quarterly profit Friday but raised its revenue and earnings forecasts — a signal the worst may be ...
Frank Advances Bill to Limit Credit-Card Rate Hikes
Rep. Barney Frank, the tough-talking liberal ushering through a major rewrite of rules governing Wall Street, sounded a warning shot on Thursday to big banks: ...
Asian Stocks Drop on Doubts Over U.S. Recovery
Asian stocks retreated Tuesday, following losses on Wall Street amid rising concerns the markets have gotten ahead of economic realities. European markets gained modestly.
7 Calif Cities Top Nation in Median Home Values
Many college graduates are passing up industrial centers and former hotspots in the Southwest, which have been hit hard by the recession, in favor of ...
Bill Zeroes in on Overseas Tax-Dodge Schemes
Key lawmakers unveiled a bill Tuesday aiming to crack down on wealthy tax dodgers hiding money overseas.
IBM Adds $5 Bil. to Share Buyback Program
IBM Corp. has boosted its stock buyback program by $5 billion, a sign of the company's ability to spit out cash despite the fact the ...
Nissan Unveils New Platform for Global Minicars
It has become a vexing, billion-dollar question for the world's automakers: How do you build small, cheap cars profitably?
Natural Gas Shale May Be Next Big Boom or Bubble
The promise of enough natural gas to last the United States more than 100 years based on discoveries of vast shale formations could be the ...
BOA Reports $2.2 Bil. Loss on Rising Bad Loans
Bank of America Corp. says it lost more than $2 billion in the third quarter as its loan losses continued to rise. The nation's second-largest ...
Twitter Launches Japanese Mobile Site
Twitter Inc. now speaks Japanese — and it plans to be multilingual within months. The popular microblogging service launched a Japan-based mobile version Thursday, hoping ...
IBM Profits Jump, Boosts '09 Guidance
IBM Corp. has jacked up its profit guidance for the second time this year, a sign of the company's confidence that it can uncork more ...
Google Earns Record Profit on Revenue Growth
Google Inc. shifted into a higher gear in the third quarter and began to leave the recession behind as the 11-year-old Internet search leader recorded ...
California Home Sales Up 1% in September
The number of homes sold in California last month ticked up last month from August, as low mortgage rates and eagerness to cash in on ...
AMD Reports Strong Sales on Rising CPU Demand
Advanced Micro Devices Inc. lost money in the third quarter but said Thursday that sales were stronger than expected, adding to mounting evidence that consumer ...
China Sept. Data Shows Return to Robust Growth
China's foreign direct investment and power usage rose in September, in the latest evidence the country's economic recovery is gaining momentum. Foreign direct investment in ...
Gap to Resume TV Ads, Expand into China
The apparel retailer Gap Inc. on Thursday announced plans to return to television advertising in November for its namesake brand, after a two-year hiatus,
Consumer Stinginess Shows Up in Corporate Profits
People aren't just shopping more at Family Dollar. They're buying the cheapest stuff on its racks. Even Pizza Hut's sales are slowing as consumers seek ...
Retail, Jobs Data Boost Wall Street
Stocks are resuming their climb as investors get positive readings on two of the best gauges of the economy's health: consumer spending and corporate profits. ...
GM to Sell Hummer to Sichuan Tengzhong Heavy
General Motors Co. is poised to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon, ...
New Jobless Claims Lowest Since January
The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs ease a bit ...
GM Names New Sales Chief As U.S. Market Share Erodes
Less than a week after reporting a sharp drop in September sales, GM said its U.S. sales chief is leaving as the automaker struggles to ...
Marriott Posts Q3 Loss on Timeshare Slump
Marriott International says it lost $466 million in its third quarter on hefty impairment charges, mostly related to its timeshare business. The hotel operator lost ...
Nissan Land Glider Electric As Agile As a Motorcycle
Nissan's Land Glider electric vehicle tilts from side to side, sashaying into curves by up to a 17-degree angle, as though showing off in a ...
Worldwide Prescription Drug Sales Growth Slows
Growth of prescription drug revenue worldwide will likely dip to between 4 percent and 6 percent next year — the lowest rate in at least ...
Dell to Make Android Phones for AT&T
Dell Inc. is working on a "smart" phone for AT&T that runs Google Inc.'s Android phone operating system, according to a newspaper report Wednesday. The ...
Another Asset Bubble May Be Forming Already
The next financial bubble could come sooner than you think. A year after the collapse of home values triggered the financial crisis and Great Recession, ...
Ciena to Buy Nortel Assets for $521 Mil.
Ciena Corp. says it has agreed to by the optical networking and carrier Ethernet assets of Nortel Networks' Metro Ethernet Networks business for roughly $521 ...
Costco Beats Street Despite Profit Slip
Costco Wholesale Corp. said Wednesday that its fiscal fourth-quarter profit fell 6 percent, partly on the stronger dollar and increased employee benefit costs, but results ...
Burger King Upgrades to Hip New Look
Burger King Corp. plans to swap its generic fast-food feel and bland tiles and tabletops for a vibe that's more sit-down than drive-through. As part ...
Gold Hits New Record High on Falling Dollar
Gold prices surged to a new high Tuesday as investors sought a safe harbor from a falling dollar and inflation. Gold for December delivery rose ...
Next Boom Likely to Be Powered by Cleantech
Our economy sure could use the Next Big Thing. Something on the scale of railroads, automobiles or the Internet — the kind of breakthrough that ...
Stocks Rise, Dollar Sinks on Aussie Interest-Rate Hike
The dollar tumbled Tuesday, hitting a 14-month low against the Australian currency and circling year lows against the euro, after an interest rate increase from ...
Samsung to Report Record Profits for Q3
Samsung Electronics Co. said Tuesday that profit likely surged in the third quarter on higher sales, amid a brightening outlook for the world's largest manufacturer ...
Bailed Out Dairy Industry Must Restructure: Ag Sect'y
The struggling U.S. dairy industry must be restructured to avoid cycles of boom and bust, Agriculture Secretary Tom Vilsack said Monday, less than a week ...
Comcast to Send Popups to PCs with Virus Infection
Comcast Corp. wants to enlist its customers in a fight against a huge problem for Internet providers — the armies of infected personal computers, known ...
Comcast Deal Lets GE Unwind Stake in NBC Universal
A proposed deal to acquire media giant NBC Universal would give current owner General Electric Co. the ability to unwind its stake over several years, ...
Asian Stocks Rise on Solid Growth Data
Most Asian stock markets advanced Tuesday, with Japanese and Hong Kong benchmarks gaining 1 percent or more, amid signs of economic improvement in Asia and ...
China Hainan Airlines to Begin Service to Hawaii
China's Hainan Airlines has received approval to begin service from Beijing to Hawaii. The U.S. Department of Transportation approved the flights, which initially will be ...
Sidekick Phones Lose All Personal, Contacts Data
Owners of Sidekick phones may have lost all the personal information they put on the device, including contact numbers, because of a failure of servers ...
Carly Simon Sues Starbucks for Poor Promotion
Singer Carly Simon is suing Starbucks Corp., saying the coffee company's now-defunct music venture didn't adequately promote her 2008 album, dooming the record before it ...
Singapore Economy Surges for 2nd Straight Quarter
Singapore's economy surged for a second straight quarter, and the government boosted its 2009 growth forecast, as manufacturing cemented the city-state's emergence from recession.
Phillips Q3 Profits Treble
Royal Philips Electronics NV reported net profit of €174 million ($256 million) for the third quarter on Monday, three times the depressed levels of a ...
Russian Economy Sank More than Forecast Says Medvedev
Russian President Dmitry Medvedev said Sunday that Russia's economy was hit harder than expected by the global financial crisis, but Kremlin measures helped the country ...
China Growth Over 7% for Jan-Sept 2009
China's economy expanded more than 7 percent in the first nine months of the year and will certainly surpass the 2009 growth target of 8 ...
Japan Suspends U.S. Beef Shipments Again for Violation
Japan has suspended beef shipments from an American meatpacking plant after finding cattle parts banned under an agreement to prevent the spread of mad cow ...
Hummer Now Owned by China's Sichuan Tengzhong
Hummer, the off-road vehicle that once epitomized America's love for hulking trucks, is now in the hands of a Chinese heavy equipment maker. General Motors ...
USA Today Posts 17% Circulation Drop
USA Today expects to report the largest decline in circulation in its 27-year history, threatening its No. 1 position among U.S. dailies as the growth ...
Shanghai Leads Global Stock Rally on Rising Dollar
Chinese stocks rallied Friday as traders returned to their desks following a weeklong holiday, when the rest of the world's major markets shot higher amid ...
Audi Sales Decline Eased by Strong Asia Growth
German carmaker Audi AG said Friday it delivered 6.8 percent fewer cars in September than a year earlier as the global downturn continued to affect ...
AP, News Corp Want Search Engines to Pay for News
The leaders of two of the world's major news organizations said Friday that it is time for search engines and others who use news content ...
Infosys Raises Outlook Despite Profit Dip
Infosys Technologies Ltd. reported a slight decrease in quarterly profit Friday but raised its revenue and earnings forecasts — a signal the worst may be ...
Frank Advances Bill to Limit Credit-Card Rate Hikes
Rep. Barney Frank, the tough-talking liberal ushering through a major rewrite of rules governing Wall Street, sounded a warning shot on Thursday to big banks: ...
Asian Stocks Drop on Doubts Over U.S. Recovery
Asian stocks retreated Tuesday, following losses on Wall Street amid rising concerns the markets have gotten ahead of economic realities. European markets gained modestly.
7 Calif Cities Top Nation in Median Home Values
Many college graduates are passing up industrial centers and former hotspots in the Southwest, which have been hit hard by the recession, in favor of ...
Bill Zeroes in on Overseas Tax-Dodge Schemes
Key lawmakers unveiled a bill Tuesday aiming to crack down on wealthy tax dodgers hiding money overseas.
IBM Adds $5 Bil. to Share Buyback Program
IBM Corp. has boosted its stock buyback program by $5 billion, a sign of the company's ability to spit out cash despite the fact the ...
Nissan Unveils New Platform for Global Minicars
It has become a vexing, billion-dollar question for the world's automakers: How do you build small, cheap cars profitably?
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