Kenny Huang Bids for Control of Liverpool
Chinese businessman Kenny Huang has offered to buy Liverpool's $374 million debt from a British bank in an attempt to end Tom Hicks' and George ...
Business
HSBC Profits Double to $6.8 Bil.
British bank HSBC Holdings PLC said Monday that its first-half net profit more than doubled to $6.76 billion as provisions
BNP Paribas Profits Surged 31% on Retail Growth
BNP Paribas SA said Monday its net profit soared 31 percent in the second quarter as steep retail banking gains in France and the Benelux ...
China Car Sales Up 17.2% in July As Growth Slows
Auto sales growth in China, the world's biggest market, weakened further in July, data showed Monday.
Toyota Shifts Focus to Emerging Markets
Toyota has set its sights on getting half of its sales from areas other than Japan, Europe and the United States, a senior company official ...
Twitter-Crazed Japan Claims 20 Billionth Tweet
Twitter's 20 billionth message didn't make much sense, but it spoke volumes about the rapid global growth
China Passed Japan to No. 2 Spot Says Currency Chief
China has overtaken Japan to become the world's second-largest economy, said China's currency chief Yi Gang in an interview
Chrysler to Add 900 Jobs for Midsize Car Plant
Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit. Its decision is a show of optimism
Recovery Slowed in Q2
The recovery lost momentum in the second quarter as growth slowed to a 2.4 percent pace, its most sluggish showing
Revised Data Show Recession Was Underestimated
The recession was deeper than the government previously thought. The Commerce Department, in revisions issued Friday
Disney Sells Miramax to Hollywood Newcomers
The Walt Disney Co. said Friday that it agreed to sell its Miramax Films to an investor group for about $660 million, ending a 17-year ...
Honda Profits Mushroom 32-Fold to New Record
Honda's quarterly profit ballooned to a record $3.2 billion while Mazda reduced its losses, rounding out a tale of recovery among Japanese automakers.
Kia Posts 61% Profit Surge on Strong Sales Growth
Kia Motors announced Friday that net profit rose 61 percent in the second quarter amid an increase in sales.
Toyota Prius Tops Japan Sales for 15th Straight Month
Toyota's Prius topped Japan sales rankings in July for the 15th straight month, getting a perk from incentives for green cars and helping Japanese
U.S. Corn Exports to Boom As China Eats More Meat
China could be about to increase its corn imports, offering American farmers a chance for greater profits but making it likely U.S. meat
Hiring Slows Leaving Jobless Rate Unchanged
Companies showed a lack of confidence about hiring for a third straight month in July, making it likely the economy will grow more slowly
Cable, Satellite TV Thrives on Robust Demand
Consumers are feeling more confident about spending on small luxuries such as premium cable services and pay-per-view, propelling the earnings
Retailers Report Mostly Modest Gains in July
Deep discounts on summer leftovers and hot weather drove shoppers into malls in July, but they remained choosy, resulting in only modest gains.
New Jobless Claims Rise to 479,000
Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies
Euro Continues Rising on Greek Progress
The euro gained ground against the dollar on Thursday as European and International Monetary Fund inspectors said Greece has made considerable
Unilever Predicts Tough Times, Reports Q2 Growth
Unilever NV on Thursday reported a 39 percent rise in second quarter net profit, but the maker of Lipton tea, Dove soap and Ben & ...
Rio Tinto Profits Treble on China Iron Ore Demand
Mining giant Rio Tinto said first-half profit more than tripled amid strong iron ore demand from China and higher commodity prices
China Cut U.S. Treasury Holdings Again in June
China reduced its holdings of U.S. Treasury debt for a second straight month in June while the holdings of Japan and Britain rose.
Private Sector Hiring, Service Growth Boost Stocks
Stocks climbed Wednesday after key reports on private sector hiring and the services industry provided reassurances that the economy
Time Warner Profits Rise on Ad Rebound, Box Office
A rebound in advertising markets and strong box office results helped lift Time Warner Inc.'s second quarter profit 7 percent, the media conglomerate
AOL Posts $1 Bil. Loss of Writedowns, Lower Sales
Internet company AOL Inc. said Wednesday a $1.4 billion accounting charge pushed the company to a $1 billion-plus net loss in the second quarter.
Asia Mixed, Europe Falls on U.S. Recovery Data
World stocks mostly fell Wednesday after more disappointing economic news reinforced concerns about the U.S. economic recovery ahead
Toyota Posts $2.2 Bil. Profit As Global Sales Recover
Toyota reported a quarterly profit of $2.2 billion, reversing from red ink a year earlier as the world's top automaker benefited from a global sales
Torch Will Help Blackberry Preserve Status Quo
BlackBerrys still fly off the shelves. They still convey the message that their owners mean business — that they're people who are important enough
RIM in Talks with India Over Access to Blackberry Emails
BlackBerry maker Research in Motion Ltd. says it has not agreed to heightened surveillance of its corporate clients by the Indian government
Most Carmakers Post Higher U.S. Sales for July
Most automakers posted higher U.S. sales last month, a sign that Americans are still willing to buy big-ticket items even though concerns
Microsoft Begins Powering All Yahoo Searches
Microsoft Corp.'s technology is now processing all the search requests on Yahoo Inc.'s website in the U.S. and Canada, completing a long-awaited leap
Sony Pursues 3-D TV Without Glasses
Sony Corp. is working on 3-D televisions that don't need special glasses, joining a race with rival Toshiba Corp., but sees cost and technological hurdles
Chinese Firms Tap Foreign Stars for Global Image
Kevin Garnett wore his affection for China's booming sportswear market on his back as the NBA star arrived in Beijing in August.
Google to Offer Free PC-to-Phone Calling
Google Inc. is adding a free e-mail feature that may persuade more people to cut the cords on their landline phones.
India Admits Chinese Telecom Gear on Tough Terms
India has relaxed an eight-month ban on imports of telecommunication equipment, approving orders from China's ZTE and Huawei and Finland's Nokia
Durable Goods Orders Rise Modestly
Orders to U.S. factories for big-ticket manufactured goods increased slightly in July, but businesses spent less as the economic recovery
German Business Confidence Hits 3-Year High
Germany's business confidence rose in August to its highest level in three years, according to a key survey Wednesday, suggesting Europe's biggest
Homebuilder Toll Brothers Returns to Profit
Toll Brothers Inc. said Wednesday that it posted a profit in its fiscal third quarter, as the luxury homebuilder snagged important tax benefits
Credit Card Debt at Lowest Level in 8 Years
The amount consumers owed on their credit cards in this year's second quarter dropped to the lowest level in more than eight years as cardholders
Japan Exports Fall for Fifth Straight Month
Japan's export growth slowed for the fifth straight month in July, the government said Wednesday, as the global economy loses momentum
German Consumer Confidence Rises
German consumers are upbeat about their economy, a closely watched survey showed Thursday, reflecting the country's overall positive economic trend
U.S. Stocks Join Global Retreat on Home Sales Dip
Stocks are closing lower after another disappointing report on housing renewed worries about the economy.
Dell Debuts Inexpensive Android-Based Smart Phone
Dell Inc. said Tuesday its Aero smart phone is now on sale in the U.S. for $99 with a two-year AT&T contract.
Plug-In Guru Charges Obama's Electric Car Push
David Sandalow starts his five-mile commute each day by unplugging an orange extension cord connecting his Toyota Prius hybrid to an outlet
Empire State Building Owner Fights Proposed Rival
Look at Manhattan from afar, and the first thing you notice is the Empire State Building, spiking like a needle above the carpet of skyscrapers
Nikkei Leads World Markets Down
Japan's Nikkei index led world markets lower Tuesday as the yen's rise to a fresh 15-year high against the dollar and a nine-year best against ...
Top China Mortgage Bank Unfazed by Price Declines
Recent declines in real estate prices will have little impact on operations, said Pang Xiusheng, Chief Risk Officer of China Construction Bank.
Taiwanese CEO Barred from Leaving U.S. Pending LCD Probe
The chief executive of a leading Taiwanese LCD screen maker has been barred from leaving the U.S. during a U.S. Justice Department probe
AIG Repays $4 Bil. in Government Loans
In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion
Kenny Huang Bids for Control of Liverpool
Chinese businessman Kenny Huang has offered to buy Liverpool's $374 million debt from a British bank in an attempt to end Tom Hicks' and George ...
HSBC Profits Double to $6.8 Bil.
British bank HSBC Holdings PLC said Monday that its first-half net profit more than doubled to $6.76 billion as provisions
BNP Paribas Profits Surged 31% on Retail Growth
BNP Paribas SA said Monday its net profit soared 31 percent in the second quarter as steep retail banking gains in France and the Benelux ...
China Car Sales Up 17.2% in July As Growth Slows
Auto sales growth in China, the world's biggest market, weakened further in July, data showed Monday.
Toyota Shifts Focus to Emerging Markets
Toyota has set its sights on getting half of its sales from areas other than Japan, Europe and the United States, a senior company official ...
Twitter-Crazed Japan Claims 20 Billionth Tweet
Twitter's 20 billionth message didn't make much sense, but it spoke volumes about the rapid global growth
China Passed Japan to No. 2 Spot Says Currency Chief
China has overtaken Japan to become the world's second-largest economy, said China's currency chief Yi Gang in an interview
Chrysler to Add 900 Jobs for Midsize Car Plant
Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit. Its decision is a show of optimism
Recovery Slowed in Q2
The recovery lost momentum in the second quarter as growth slowed to a 2.4 percent pace, its most sluggish showing
Revised Data Show Recession Was Underestimated
The recession was deeper than the government previously thought. The Commerce Department, in revisions issued Friday
Disney Sells Miramax to Hollywood Newcomers
The Walt Disney Co. said Friday that it agreed to sell its Miramax Films to an investor group for about $660 million, ending a 17-year ...
Honda Profits Mushroom 32-Fold to New Record
Honda's quarterly profit ballooned to a record $3.2 billion while Mazda reduced its losses, rounding out a tale of recovery among Japanese automakers.
Kia Posts 61% Profit Surge on Strong Sales Growth
Kia Motors announced Friday that net profit rose 61 percent in the second quarter amid an increase in sales.
Toyota Prius Tops Japan Sales for 15th Straight Month
Toyota's Prius topped Japan sales rankings in July for the 15th straight month, getting a perk from incentives for green cars and helping Japanese
U.S. Corn Exports to Boom As China Eats More Meat
China could be about to increase its corn imports, offering American farmers a chance for greater profits but making it likely U.S. meat
Hiring Slows Leaving Jobless Rate Unchanged
Companies showed a lack of confidence about hiring for a third straight month in July, making it likely the economy will grow more slowly
Cable, Satellite TV Thrives on Robust Demand
Consumers are feeling more confident about spending on small luxuries such as premium cable services and pay-per-view, propelling the earnings
Retailers Report Mostly Modest Gains in July
Deep discounts on summer leftovers and hot weather drove shoppers into malls in July, but they remained choosy, resulting in only modest gains.
New Jobless Claims Rise to 479,000
Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies
Euro Continues Rising on Greek Progress
The euro gained ground against the dollar on Thursday as European and International Monetary Fund inspectors said Greece has made considerable
Unilever Predicts Tough Times, Reports Q2 Growth
Unilever NV on Thursday reported a 39 percent rise in second quarter net profit, but the maker of Lipton tea, Dove soap and Ben & ...
Rio Tinto Profits Treble on China Iron Ore Demand
Mining giant Rio Tinto said first-half profit more than tripled amid strong iron ore demand from China and higher commodity prices
China Cut U.S. Treasury Holdings Again in June
China reduced its holdings of U.S. Treasury debt for a second straight month in June while the holdings of Japan and Britain rose.
Private Sector Hiring, Service Growth Boost Stocks
Stocks climbed Wednesday after key reports on private sector hiring and the services industry provided reassurances that the economy
Time Warner Profits Rise on Ad Rebound, Box Office
A rebound in advertising markets and strong box office results helped lift Time Warner Inc.'s second quarter profit 7 percent, the media conglomerate
AOL Posts $1 Bil. Loss of Writedowns, Lower Sales
Internet company AOL Inc. said Wednesday a $1.4 billion accounting charge pushed the company to a $1 billion-plus net loss in the second quarter.
Asia Mixed, Europe Falls on U.S. Recovery Data
World stocks mostly fell Wednesday after more disappointing economic news reinforced concerns about the U.S. economic recovery ahead
Toyota Posts $2.2 Bil. Profit As Global Sales Recover
Toyota reported a quarterly profit of $2.2 billion, reversing from red ink a year earlier as the world's top automaker benefited from a global sales
Torch Will Help Blackberry Preserve Status Quo
BlackBerrys still fly off the shelves. They still convey the message that their owners mean business — that they're people who are important enough
RIM in Talks with India Over Access to Blackberry Emails
BlackBerry maker Research in Motion Ltd. says it has not agreed to heightened surveillance of its corporate clients by the Indian government
Most Carmakers Post Higher U.S. Sales for July
Most automakers posted higher U.S. sales last month, a sign that Americans are still willing to buy big-ticket items even though concerns
Microsoft Begins Powering All Yahoo Searches
Microsoft Corp.'s technology is now processing all the search requests on Yahoo Inc.'s website in the U.S. and Canada, completing a long-awaited leap
Sony Pursues 3-D TV Without Glasses
Sony Corp. is working on 3-D televisions that don't need special glasses, joining a race with rival Toshiba Corp., but sees cost and technological hurdles
Chinese Firms Tap Foreign Stars for Global Image
Kevin Garnett wore his affection for China's booming sportswear market on his back as the NBA star arrived in Beijing in August.
Google to Offer Free PC-to-Phone Calling
Google Inc. is adding a free e-mail feature that may persuade more people to cut the cords on their landline phones.
India Admits Chinese Telecom Gear on Tough Terms
India has relaxed an eight-month ban on imports of telecommunication equipment, approving orders from China's ZTE and Huawei and Finland's Nokia
Durable Goods Orders Rise Modestly
Orders to U.S. factories for big-ticket manufactured goods increased slightly in July, but businesses spent less as the economic recovery
German Business Confidence Hits 3-Year High
Germany's business confidence rose in August to its highest level in three years, according to a key survey Wednesday, suggesting Europe's biggest
Homebuilder Toll Brothers Returns to Profit
Toll Brothers Inc. said Wednesday that it posted a profit in its fiscal third quarter, as the luxury homebuilder snagged important tax benefits
Credit Card Debt at Lowest Level in 8 Years
The amount consumers owed on their credit cards in this year's second quarter dropped to the lowest level in more than eight years as cardholders
Japan Exports Fall for Fifth Straight Month
Japan's export growth slowed for the fifth straight month in July, the government said Wednesday, as the global economy loses momentum
German Consumer Confidence Rises
German consumers are upbeat about their economy, a closely watched survey showed Thursday, reflecting the country's overall positive economic trend
U.S. Stocks Join Global Retreat on Home Sales Dip
Stocks are closing lower after another disappointing report on housing renewed worries about the economy.
Dell Debuts Inexpensive Android-Based Smart Phone
Dell Inc. said Tuesday its Aero smart phone is now on sale in the U.S. for $99 with a two-year AT&T contract.
Plug-In Guru Charges Obama's Electric Car Push
David Sandalow starts his five-mile commute each day by unplugging an orange extension cord connecting his Toyota Prius hybrid to an outlet
Empire State Building Owner Fights Proposed Rival
Look at Manhattan from afar, and the first thing you notice is the Empire State Building, spiking like a needle above the carpet of skyscrapers
Nikkei Leads World Markets Down
Japan's Nikkei index led world markets lower Tuesday as the yen's rise to a fresh 15-year high against the dollar and a nine-year best against ...
Top China Mortgage Bank Unfazed by Price Declines
Recent declines in real estate prices will have little impact on operations, said Pang Xiusheng, Chief Risk Officer of China Construction Bank.
Taiwanese CEO Barred from Leaving U.S. Pending LCD Probe
The chief executive of a leading Taiwanese LCD screen maker has been barred from leaving the U.S. during a U.S. Justice Department probe
AIG Repays $4 Bil. in Government Loans
In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion
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