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Baidu Profits Double on China Online Ad Boom

Baidu Inc., which operates China's leading search engine, said Friday its third-quarter net profit more than doubled and revenue jumped 76 percent

UPS Profits Soar on Surging Asian Electronics Imports

UPS Inc. said Thursday the U.S. economy is stable but "unexciting," showing more signs of life but not recovering fast enough.

Caterpillar Doubles Profits on Surging Sales

Strong sales growth in developing countries pushed Caterpillar's third-quarter earnings 96 percent higher, and the world's largest maker of mining

Xerox Profits Double on ACS Acquisition

Xerox said Thursday it doubled its profit in the third quarter, helped by surging demand for its copying equipment and double-digit growth

Google Street View Blocked by 244,000 German Homes

Internet giant Google says more than 244,000 Germans have asked that their homes be made unrecognizable in its Street View program, scheduled

World Stocks Rise on Strong U.S. Earnings

World stocks mostly rose Thursday after figures showed Chinese economic growth holding up slightly better than expected and the U.S. corporate

Toyota Recalls 1.53 Mil. Cars for Brakes, Fuel Pumps

Toyota is recalling 1.53 million Lexus, Avalon and other models, mostly in the U.S. and Japan, for brake fluid and fuel pump problems, the latest

Apple Set to Unveil Next Version of Mac OS X

Apple is inviting media to its Cupertino, Calif., headquarters for a Macintosh computer-related event on Oct. 20.

Infosys Reports 18% Higher Profits

Infosys Technologies Ltd., India's bellwether information technology outsourcing company, beat expectations Friday with an 18 percent rise

Sony Ericsson Slips in Tough Smart Phone Market

Mobile phone maker Sony Ericsson on Friday reported a third consecutive net profit in the third quarter, mainly thanks to success

AMD Returns to Profit in Core Chip Business

Advanced Micro Devices narrowed its third-quarter loss as the chip maker's remaining stake in factories it spun off last year dragged down the results.

Google Profits Jump 32% on Soaring Ad Sales

Google said Thursday that its net income jumped 32 percent to beat Wall Street's expectations. That's despite adding 1,500 workers in the quarter and spending

Mortgage Rates Fall to 4.19%, Lowest in Decades

Rates on 30-year mortgages fell to 4.19 percent, the lowest level in decades. They were pushed down by lower Treasury bond yields.

Jobless Claims Rise Slightly to 462,000

Applications for jobless benefits rose last week for the first time in three weeks, evidence that companies are reluctant to hire in a slow economy.

Wholesale Prices Rise on Food, Energy Costs

Wholesale prices rose last month due to higher costs for food and energy. But the increase isn't likely to spark fears of widespread inflation.

Trade Deficit Surges As Businesses Restock

The U.S. trade deficit widened sharply in August, reflecting a surge in imports of consumer products as businesses restocked their shelves in hopes

GE Profits Fell 18% on Lower Equipment Sales

General Electric Co. says its third-quarter income fell 18 percent because of lower equipment sales and a loss from a Japanese division that it's selling.

Dollar Hits 15-Year Low Against Yen

The dollar hit a fresh 15-year-low against the yen in Tokyo Thursday amid growing speculation that the Federal Reserve will ease monetary policy next month.

Asia Stocks Rise on Strong U.S. Earnings

Asian stock markets advanced in early trading Thursday, lifted by better-than-expected earnings results from U.S. corporate bellwethers

HTC G2 Impressive on T-Mobile's Faster Network

Two years ago, the Android invasion began when T-Mobile released the first smart phone running Google's Android operating system, HTC's G1.

Microsoft, Alibaba Test New China Search Engine

Microsoft Corp. and Alibaba Group, China's biggest e-commerce site, are testing a search service, adding a new competitor to a crowded Chinese

World Stocks Rise on Surging Intel Sales

World stocks rallied Wednesday after the Federal Reserve cemented expectations it will further boost the faltering U.S. economy at its next rate-setting

Eurozone Industrial Output Rises 1%

Industrial output in the 16 countries that use the euro rose by a monthly 1 percent in August, official figures showed Wednesday, easing concerns

Burberry to Expand Stores 25% on Strong Profits

Luxury goods company Burberry Group says sales rose by 17 percent in the first half of its financial year, and it expects a full-year profit ...

China Sept. Trade Surplus Shrinks to $16.9 Bil.

China's September trade surplus stayed high at $16.9 billion amid pressure from Washington and others to ease currency controls they blame

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

Posco's $12 Bil. India Plant May Be Halted by Gov't

A government panel wants to withdraw environmental clearances for South Korean steel giant Posco to build a $12 billion steel plant in India

China Signals Full Recovery with Rate Hike

China raised its benchmark lending rate Tuesday for the first time since emerging from the global crisis as the government tries to cool inflation

East Asia Output Above Pre-Recession Levels

The World Bank raised its growth forecast for East Asia's developing countries Tuesday but said governments need to control rising risks

IBM Beats Views, Raises Outlook

IBM's net income rose 12 percent and the technology company raised its 2010 profit forecast slightly as it wrings more out of its services and ...

Facebook Apps Found to Be Leaking Personal Data

The latest Facebook privacy fiasco shows that the world's largest online social hub is having a hard time putting this thorny issue behind it even

Airline Profits Soared on Higher Fares, Fees

Fewer seats, higher fares and more money from fees may just add up to the highest quarterly profit in three years for the nation's long-suffering ...

Starbucks Starts Serving Beer, Wine

Something new is on the menu at a renovated Starbucks in Seattle: beer and wine. The store that reopened Monday

China Boosts U.S. Treasury Holdings After Drop

China, the largest holder of U.S. Treasury debt, increased its holdings for a second straight month in August after two months of declines.

German Jobless Rate Falls to 7.2%

Germany's unemployment rate dropped to 7.2 percent in September as the strength of Europe's biggest economy helped the labor market recover quickly

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

Sept. Retails Sales Rose for Third Straight Month

Americans spent more money on cars, furniture and at hardware stores to boost retail sales to a third monthly increase in September.

Nissan's Thai-Made Cars First for Japanese Market

Thai-made Nissan March subcompact cars — the first major model from a Japanese automaker being mass produced abroad for sale in Japan

India's Juy Industrial Output Shot Past Projections

India's industrial output grew 13.8 percent in July — far more than expected — rebounding from a 13-month low in June and adding to pressure

China Trade Surplus, Imports Both Surge in August

China's trade surplus hit its second-highest level this year in August, likely fueling U.S. demands for Beijing to ease currency controls.

Japan's Q2 Growth Was Much Higher Than Thought

Japan's economy wasn't quite as weak in the second quarter as first thought but faces a murky outlook, the government said Friday

Facebook Passes Google in Time Spent Online

U.S. Web surfers are spending more time socializing on Facebook than searching with Google, according to new data from researchers

U.S. Jobs, Trade Data Lift World Markets

Stock markets in Europe and the U.S. spiked higher Thursday after better than expected U.S. jobs and trade data further eased concerns

Hyundai Debuts Korea's First Electric Car

Hyundai Motor unveiled its first electric car Thursday — the BlueOn — as it moves to catch up with Japanese rivals that have jumped ahead ...