Panasonic Returns to Profit, Buys Out Sanyo
Panasonic is planning to take 100 percent ownership of its subsidiaries Sanyo Electric and Panasonic Electric Works
Business
Siemens Reports 4% Revenue Growth
A strong increase in orders in a recovering economy helped push earnings at Siemens AG 9 percent higher
Hyundai Motor Profits Soar 71% to Record
Hyundai Motor Co.'s second-quarter net profit soared 71 percent to a record high as both sales revenue and volume rose.
New Ford Explorer Lower, More Fuel-Efficient
The Ford Explorer, the hulking family-hauler that helped launch the SUV boom in the early 1990s, is back. And it hopes to define a new ...
Japan Retail Sales Up 3.2% in June As Growth Slows
Japan's retail sales in June rose for the sixth straight month, but the pace of growth is slowing.
Sober Fed Assessment Dampens Wall Street Mood
Investors cashed in some of their recent gains Wednesday after the Federal Reserve gave them more confirmation that the economic recovery is slowing.
Jobless Rate Rises in 75% of Urban Areas
The unemployment rate in about three-quarters of the nation's largest metro areas rose last month as nearly one million teenagers entered
Boeing Pofits Fall on Defense Spending Cuts
Boeing's second-quarter profit fell 21 percent, and it said layoffs are likely in its defense business because of expected government spending
Durable Goods Orders Fall 1% in June
Orders to U.S. factories for big-ticket manufactured goods fell broadly in June as the fragile recovery continued to slow.
Sprint Nextel Reverses Subscriber Losses
Sprint Nextel Corp. said Wednesday that it gained subscribers in its latest quarter, the first such gain in three years, as it continued to improve
Peugeot Citroen Returns to Profit on China Growth
Carmaker PSA Peugeot Citroen SA on Wednesday reported a return to profit in the first half of 2010, beating market expectations and boosting
ArcelorMittal Back to Profit with $1.7 Bil. for Q2
ArcelorMittal SA, the world's biggest steelmaker, said Wednesday that a jump in sales and prices helped it generate net income of $1.7 billion
World Markets Rise on Sweet Apple Earnings
Asian stock markets posted mild gains Wednesday after better-than-expected earnings from technology bellwether Apple nudged Wall Street higher.
Foxconn Hikes Prices to Cover Wage Increases
Foxconn Technology Group, which makes iPhones and other gadgets for global technology companies, plans to charge them more to partly
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
US Airways Posts Big Profit, AMR Cuts Loss
US Airways joined Delta and United in posting a big second-quarter profit. American Airlines missed the party.
Tiger Woods Endorsements Fall $22 Mil. in 2010
Tiger Woods' estimated endorsements for 2010 are worth $22 million less than last year, according to Sports Illustrated's annual analysis
Obama Signs Long-Debated Financial Overhaul Bill
Reveling over a new milestone in his presidency, a triumphant Barack Obama on Wednesday signed into law the most sweeping overhaul of lending
Coca-Cola Net Income Surges on Global Thirst
Coca-Cola Co.'s second-quarter net income climbed 16 percent as the world's largest drink maker sold more soft drinks and juices
Morgan Stanley Reports Big Income Jump
Morgan Stanley says its second-quarter net income jumped to $1.58 billion, easily topping forecasts as its Smith Barney brokerage
Airbus Takes Lead As Farnborough Hits $25 Bil.
Plane makers notched up more orders on the third day of the Farnborough International Airshow on Wednesday — bringing the tally past $25 billion
World Stocks Up on Earnings, European Growth
World stock markets brushed aside a downbeat assessment of the U.S. outlook from Federal Reserve chairman Ben Bernanke
BP Raises $7 Bil. with Asset Sale to Apache
BP PLC is moving quickly to secure the money it needs to pay for the spill in the Gulf of Mexico. Just weeks after promising ...
LightSquared to Offer 4G Wireless Network Across US
U.S. consumers and businesses may get more options in wireless service starting next year, with the launch of a new wireless broadband
Asia Stocks Rise, Europe Falls on Goldman Earnings
European stocks and Wall Street futures fell Tuesday after lower than expected earnings from U.S. investment bank Goldman Sachs
$21 Bil. in Plane Orders Signals Airline Recovery
Airbus says that Hong Kong Airlines intends to buy $5.7 billion of its widebody A350 and A330 planes.
PepsiCo Revenues Soar on Overseas Growth
Foreign currency fluctuations pushed down PepsiCo Inc.'s second-quarter net income 3 percent, even though revenue soared
Toyota Subpoenaed on Steering Rod Defect
Toyota Motor Corp. said Tuesday it has been subpoenaed by a federal grand jury in New York to submit documents related to problems with rods
Google Pledged to Obey Law to Earn China Renewal
China renewed Google's Internet license after it pledged to obey censorship laws and stop automatically switching mainland users
China Should Boost Interest Rates Says ADB
China should boost interest rates or allow its currency to strengthen to help curb inflation pressures, the Asian Development Bank said Tuesday.
Wipro Reports 31% Profit Surge on Global Demand
Indian software services firm Wipro Ltd. said quarterly profit jumped 31 percent to 13.19 billion rupees ($284 million), beating expectations
Asian Stocks Rise on Growth Data, Europe Flat
European stock markets and the euro were steady Monday as investors weighed the results of the stress tests into 91 EU banks
Japan Exports Jump for 7th Straight Month
Japan says its exports in June rose 27.7 percent from a year earlier. The Finance Ministry said Monday that Japanese exports climbed
Disney Begins Sales for Hawaii Mega-Resort
More than 80 years after Mickey Mouse piloted "Steamboat Willie" and whistled his way into the hearts of children across the world
Ford Posts 5th Straight Quarterly Profit
Ford Motor Co. posted its fifth straight quarterly profit on Friday as its popular cars and trucks continued to draw buyers from rivals
World Stocks Rise on Growing Recovery Confidence
World stock markets mostly rose Friday after another batch of positive economic and corporate news helped ease concerns ahead of the publication
McDonald's Net Income Up 12% on Global Sales Rise
McDonald's says its net income climbed 12 percent in the second quarter as customers around the globe gobbled up its cheap food and new frappes
India Unveils $35 Tablet Using Memory Card
It looks like an iPad, only it's 1/14th the cost: India has unveiled the prototype of a $35 basic touchscreen tablet aimed at students
Japanese Giants, Taiwan to Develop WiMax for China
Three big Japanese corporations may join Taiwan in developing cutting-edge broadband technologies that will allow them to jointly tap China's
Eurozone Confidence Rises Again in August
Economic confidence in the 16 countries that use the euro rose to its highest level in nearly two-and-a-half years during August
Dell Pays $100 Mil. to Settle SEC Suit
Computer maker Dell Inc. is paying $100 million to settle civil charges that it fraudulently used payments from Intel to pump up its profits
Caterpillar Earnings Double on Strong Overseas Sales
Caterpillar's second-quarter earnings shot up 91 percent with the heavy machinery manufacturer reporting robust sales of equipment for industries
Mortgage Rates Hit New Record Low
Mortgage rates fell to a new record low for the fourth time in five weeks. But low rates haven't been enough to lift a struggling ...
AT&T Earnings Up 26% on Wireless Growth
AT&T Inc. said Thursday that its earnings rose 26 percent in the latest quarter and raised its forecast for the year, helped by its iPhone-fueled ...
Existing Home Sales Fall 5.1%, Prices Rise
Sales of previously occupied homes fell in June and are expected to keep sinking, indicating that the housing market's troubles
Jobless Claims Jump by 37,000
Seasonal factors boosted new requests for unemployment benefits last week as the job market remains weak amid a slow economic recovery.
GM to Pay $3.5 Bil. for Finance Company
General Motors Co. will buy AmeriCredit Corp. for $3.5 billion, a deal that allows the automaker to expand loans to customers with poor credit
Nokia Earnings Fall 40% on Flat Sales
Nokia Corp. said Thursday that second-quarter net profit fell 40 percent to euro227 million ($290 million) as the world's largest mobile phone
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.
Panasonic Returns to Profit, Buys Out Sanyo
Panasonic is planning to take 100 percent ownership of its subsidiaries Sanyo Electric and Panasonic Electric Works
Siemens Reports 4% Revenue Growth
A strong increase in orders in a recovering economy helped push earnings at Siemens AG 9 percent higher
Hyundai Motor Profits Soar 71% to Record
Hyundai Motor Co.'s second-quarter net profit soared 71 percent to a record high as both sales revenue and volume rose.
New Ford Explorer Lower, More Fuel-Efficient
The Ford Explorer, the hulking family-hauler that helped launch the SUV boom in the early 1990s, is back. And it hopes to define a new ...
Japan Retail Sales Up 3.2% in June As Growth Slows
Japan's retail sales in June rose for the sixth straight month, but the pace of growth is slowing.
Sober Fed Assessment Dampens Wall Street Mood
Investors cashed in some of their recent gains Wednesday after the Federal Reserve gave them more confirmation that the economic recovery is slowing.
Jobless Rate Rises in 75% of Urban Areas
The unemployment rate in about three-quarters of the nation's largest metro areas rose last month as nearly one million teenagers entered
Boeing Pofits Fall on Defense Spending Cuts
Boeing's second-quarter profit fell 21 percent, and it said layoffs are likely in its defense business because of expected government spending
Durable Goods Orders Fall 1% in June
Orders to U.S. factories for big-ticket manufactured goods fell broadly in June as the fragile recovery continued to slow.
Sprint Nextel Reverses Subscriber Losses
Sprint Nextel Corp. said Wednesday that it gained subscribers in its latest quarter, the first such gain in three years, as it continued to improve
Peugeot Citroen Returns to Profit on China Growth
Carmaker PSA Peugeot Citroen SA on Wednesday reported a return to profit in the first half of 2010, beating market expectations and boosting
ArcelorMittal Back to Profit with $1.7 Bil. for Q2
ArcelorMittal SA, the world's biggest steelmaker, said Wednesday that a jump in sales and prices helped it generate net income of $1.7 billion
World Markets Rise on Sweet Apple Earnings
Asian stock markets posted mild gains Wednesday after better-than-expected earnings from technology bellwether Apple nudged Wall Street higher.
Foxconn Hikes Prices to Cover Wage Increases
Foxconn Technology Group, which makes iPhones and other gadgets for global technology companies, plans to charge them more to partly
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
US Airways Posts Big Profit, AMR Cuts Loss
US Airways joined Delta and United in posting a big second-quarter profit. American Airlines missed the party.
Tiger Woods Endorsements Fall $22 Mil. in 2010
Tiger Woods' estimated endorsements for 2010 are worth $22 million less than last year, according to Sports Illustrated's annual analysis
Obama Signs Long-Debated Financial Overhaul Bill
Reveling over a new milestone in his presidency, a triumphant Barack Obama on Wednesday signed into law the most sweeping overhaul of lending
Coca-Cola Net Income Surges on Global Thirst
Coca-Cola Co.'s second-quarter net income climbed 16 percent as the world's largest drink maker sold more soft drinks and juices
Morgan Stanley Reports Big Income Jump
Morgan Stanley says its second-quarter net income jumped to $1.58 billion, easily topping forecasts as its Smith Barney brokerage
Airbus Takes Lead As Farnborough Hits $25 Bil.
Plane makers notched up more orders on the third day of the Farnborough International Airshow on Wednesday — bringing the tally past $25 billion
World Stocks Up on Earnings, European Growth
World stock markets brushed aside a downbeat assessment of the U.S. outlook from Federal Reserve chairman Ben Bernanke
BP Raises $7 Bil. with Asset Sale to Apache
BP PLC is moving quickly to secure the money it needs to pay for the spill in the Gulf of Mexico. Just weeks after promising ...
LightSquared to Offer 4G Wireless Network Across US
U.S. consumers and businesses may get more options in wireless service starting next year, with the launch of a new wireless broadband
Asia Stocks Rise, Europe Falls on Goldman Earnings
European stocks and Wall Street futures fell Tuesday after lower than expected earnings from U.S. investment bank Goldman Sachs
$21 Bil. in Plane Orders Signals Airline Recovery
Airbus says that Hong Kong Airlines intends to buy $5.7 billion of its widebody A350 and A330 planes.
PepsiCo Revenues Soar on Overseas Growth
Foreign currency fluctuations pushed down PepsiCo Inc.'s second-quarter net income 3 percent, even though revenue soared
Toyota Subpoenaed on Steering Rod Defect
Toyota Motor Corp. said Tuesday it has been subpoenaed by a federal grand jury in New York to submit documents related to problems with rods
Google Pledged to Obey Law to Earn China Renewal
China renewed Google's Internet license after it pledged to obey censorship laws and stop automatically switching mainland users
China Should Boost Interest Rates Says ADB
China should boost interest rates or allow its currency to strengthen to help curb inflation pressures, the Asian Development Bank said Tuesday.
Wipro Reports 31% Profit Surge on Global Demand
Indian software services firm Wipro Ltd. said quarterly profit jumped 31 percent to 13.19 billion rupees ($284 million), beating expectations
Asian Stocks Rise on Growth Data, Europe Flat
European stock markets and the euro were steady Monday as investors weighed the results of the stress tests into 91 EU banks
Japan Exports Jump for 7th Straight Month
Japan says its exports in June rose 27.7 percent from a year earlier. The Finance Ministry said Monday that Japanese exports climbed
Disney Begins Sales for Hawaii Mega-Resort
More than 80 years after Mickey Mouse piloted "Steamboat Willie" and whistled his way into the hearts of children across the world
Ford Posts 5th Straight Quarterly Profit
Ford Motor Co. posted its fifth straight quarterly profit on Friday as its popular cars and trucks continued to draw buyers from rivals
World Stocks Rise on Growing Recovery Confidence
World stock markets mostly rose Friday after another batch of positive economic and corporate news helped ease concerns ahead of the publication
McDonald's Net Income Up 12% on Global Sales Rise
McDonald's says its net income climbed 12 percent in the second quarter as customers around the globe gobbled up its cheap food and new frappes
India Unveils $35 Tablet Using Memory Card
It looks like an iPad, only it's 1/14th the cost: India has unveiled the prototype of a $35 basic touchscreen tablet aimed at students
Japanese Giants, Taiwan to Develop WiMax for China
Three big Japanese corporations may join Taiwan in developing cutting-edge broadband technologies that will allow them to jointly tap China's
Eurozone Confidence Rises Again in August
Economic confidence in the 16 countries that use the euro rose to its highest level in nearly two-and-a-half years during August
Dell Pays $100 Mil. to Settle SEC Suit
Computer maker Dell Inc. is paying $100 million to settle civil charges that it fraudulently used payments from Intel to pump up its profits
Caterpillar Earnings Double on Strong Overseas Sales
Caterpillar's second-quarter earnings shot up 91 percent with the heavy machinery manufacturer reporting robust sales of equipment for industries
Mortgage Rates Hit New Record Low
Mortgage rates fell to a new record low for the fourth time in five weeks. But low rates haven't been enough to lift a struggling ...
AT&T Earnings Up 26% on Wireless Growth
AT&T Inc. said Thursday that its earnings rose 26 percent in the latest quarter and raised its forecast for the year, helped by its iPhone-fueled ...
Existing Home Sales Fall 5.1%, Prices Rise
Sales of previously occupied homes fell in June and are expected to keep sinking, indicating that the housing market's troubles
Jobless Claims Jump by 37,000
Seasonal factors boosted new requests for unemployment benefits last week as the job market remains weak amid a slow economic recovery.
GM to Pay $3.5 Bil. for Finance Company
General Motors Co. will buy AmeriCredit Corp. for $3.5 billion, a deal that allows the automaker to expand loans to customers with poor credit
Nokia Earnings Fall 40% on Flat Sales
Nokia Corp. said Thursday that second-quarter net profit fell 40 percent to euro227 million ($290 million) as the world's largest mobile phone
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.
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