Asian Stocks Enjoy Bounce After Holidays
Asian stock markets kicked off a new week of trading in good spirits, encouraged by an improvement in U.S. economic indicators and higher metal prices.
Business
Banks Let Foreclosed Stay Amid Saturated Market
Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.
China Approves Local Branches for Taiwan Banks
China has given approval to four Taiwanese banks to set up branches on the mainland, a major step toward financial cooperation
Electric Carmaker BYD Takes Stake in Tibet Lithium Mine
Chinese battery and autos maker BYD Co. said Friday it has agreed to buy an 18 percent stake in a Tibetan-based lithium and boron miner
Playstation Move Gets Gamers Off Couch
Sony Corp. gets gamers off the couch with its new motion controller, the PlayStation Move.
Samsung Tablets to Be Sold by Top U.S. Wireless Carriers
Samsung says all four major U.S. wireless carriers will sell its iPad-like tablet computer in the coming months.
3-D Grabs Center Stage at Tokyo Game Show
The Tokyo Game Show has a lot of people wearing dark glasses this year, with the buzz turning 3-D at the annual event that brings ...
Improving Jobs Data Shrugged Off by Wall Street
A September rally driven by economic reports regularly beating modest expectations appears to be on hold Thursday even after a weekly report
U.S. Trade Deficit Surges on Strong Car, PC Demand
Americans' stronger appetites for imported goods, especially cars and computers, lifted the broadest measure of the U.S. trade deficit in the second
Global Markets Dip Ahead of U.S Jobs Report
World markets mostly fell Thursday ahead of another set of U.S. jobs data and news that British retail sales fell in August for the first ...
LG to Replace Electronics CEO with Group Chairman's Brother
South Korea's LG Electronics, the world's third-biggest maker of mobile phones, said its chief executive will be replaced by the brother
Sony Update Plays 3-D Movies on Playstation
Sony's PlayStation 3 game console will work as a Blu-ray disc player for 3-D movies and music videos, not just 3-D games, with a software ...
China Rejects U.S. Union Complaint over Clean Energy Support
China rejected a U.S. union's trade complaint over Beijing's support for clean energy industries and said Wednesday such criticism is hypocritical
Microsoft's Sleek IE 9 to Load Pages Faster
Microsoft Corp. is unveiling the "beta" test version of Internet Explorer 9 on Wednesday, the first of a new generation of Web browser programs
Mastercard Sees 20% Profit Rise on Overseas Use
MasterCard Inc. expects its net income to rise at least 20 percent this year, helped by a small boost from foreign exchange and a modest
Foreign Investment in China Grew Slower in August
Foreign investment in China weakened again in August after rebounding from a slowdown earlier this year, the government reported Wednesday.
Japanese Stocks Soar on Weaker Yen
Japanese stocks jumped Wednesday, outperforming other world markets, after the Bank of Japan intervened in the currency markets
Twitter Adds Pane for Videos, Photos
Twitter is turning its text-messaging website into a multimedia showcase by adding a new pane that will make it easier for its 160 million users
Japan Intervenes to Weaken Yen, First Time Since 2004
Japan's finance minister has confirmed that Japan intervened in the currency market to weaken the yen, which had spiked to 15-year highs
Strong European Debt Sales Lift Investor Mood
Solid bond auctions in Ireland, Spain and Greece helped to further shore up sentiment in the markets Tuesday while investors waited for the latest
CarMax Posts Higher Profits on Strong Used-Car Sales
Used car dealership chain CarMax says its fiscal second-quarter net income rose 4.8 percent as an uncertain economy continued to boost sales
Asia Stocks Gain in Thin Holiday Trading
Asian stock markets posted modest gains in holiday-thinned trade Wednesday after the Federal Reserve expressed concern about the flailing
Twitter Hacker Causes Mischief with Feeds
A new way to cause mischief quickly spread through short-messaging service Twitter on Tuesday morning before the site could fix the problem
Stocks Tilt Back Up After Fed Speaks
Stocks and bonds rose Tuesday after the Federal Reserve said it was ready to provide more help to the economy if necessary.
MetroPCS Leads 4G Wireless Rollout in U.S.
MetroPCS Communications Inc., a regional cell phone company that mainly caters to low-income customers, on Tuesday became the first U.S. carrier
Cessna Blames Economy for Cutting 700 Jobs
Cessna Aircraft announced Tuesday it will cut another 700 jobs, saying it has not seen the growth and recovery that it expected this year.
August Jobless Rate Rose in Calif., 26 Other States
More than half of U.S. states saw their unemployment rates rise in August, the largest number in six months, as hiring weakened across the country.
IBM to Pay $1.7 Bil. for Data Miner Netezza
IBM Corp. said Monday it has agreed to pay $1.7 billion for Netezza Corp., a company that helps businesses sort through data on corporate servers.
Chrysler to Set Up Separate Fiat Dealer Network
Chrysler Group LLC will set up a separate dealership network to sell cars made by Italy's Fiat Group SpA when they are reintroduced in the ...
Oil Slips to $74 Ahead of Key Fed Meeting
Oil prices slipped to near $74 a barrel Tuesday in Asia as traders looked to a key U.S. central bank meeting later in the day ...
World's Airlines Treble Profit Forecast
Global airlines have rebounded faster than expected from the recession after losing nearly $26 billion over 2008 and 2009, the industry association
China Fines Toyota Finance Arm for Bribing Dealers
Authorities in eastern China say they have fined Japanese automaker Toyota Motor Corp.'s finance unit for giving bribes to car dealers
Asian Stocks Rise on Hope of More Fed Action
Asian stock markets advanced Tuesday as hopes for more action by the Federal Reserve to prop up the U.S. economy extended Wall Street's rally
Lotte Group Buys Control of Pepsi Philippines
Lotte Chilsung Beverage, a Lotte Group affiliate, has paid $101 million for a controlling 34.4% stake in Pepsi-Cola Products Philippines (PCPP), becoming its largest
GM to Court SAIC, Other Foreign Investors for IPO
Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North
GM to Test All-Electric Chevy Cruze in Korea
General Motors says it will launch a test fleet of electric cars in South Korea as it continues to develop battery-powered models of its Chevrolet ...
World Stocks Rise on Oracle, RIM Earnings
World stock markets mostly rose Friday as positive earnings news from technology companies such as Oracle and BlackBerry maker Research
GM China Sales Surge Past Sales in U.S.
General Motors Co. said Monday demand in China is so strong that the company's annual sales may top 2 million vehicles this year — four ...
Shanghai Tops Taiwanese Foreign Investments
Shanghai topped the list of favorite foreign investment sites for Taiwanese investors, according to a China Times report. Tokyo and Singapore
Infosys Profits Up 8.7%
Infosys Technologies Ltd., India's bellwether information technology outsourcing company, said Tuesday quarterly profit rose 8.7 percent
Honda Jumps Into Green Game with Electric Scooters
The green fad in Japan is expanding from cars to bikes with Honda's zero-emission super-quiet electric EV-neo scooter.
Paramount Bundles Movies with Seagate Hard Drives
Paramount Pictures is exploring a new frontier by participating in an offer to sell Seagate Technology hard drives with a copy of the latest "Star ...
China Continues Oil Binge with Syncrude Buy
China's not done shopping the globe for oil. On Monday, a Beijing-backed oil producer announced the country's largest deal
GM Says Chevy Volt Electric on Target for Dec Launch
Real-world tests show that General Motors Co.'s rechargeable electric car can travel 40 miles on battery power as promised
Budget Deficit Falls to $65.4 Bil. for March
The budget deficit for March showed a dramatic decline as the Obama administration formally entered a lower ultimate cost for the government's $700 billion
Microsoft Kin Phones to Take on iPhone, Blackberry
Microsoft Corp. unveiled two cell phones Monday that are meant for social networking-savvy teens and twenty-somethings, in an attempt to revitalize
Hawaiian Tops in Service Among 18 Busiest Carriers
Hawaiian Airlines again tops a list of 18 of the nation's busiest carriers for best service. Closely trailing is low-cost carrier AirTran.
Feb. Trade Deficit Grows with Consumer Spending
The U.S. trade deficit widened more than expected in February as a small gain in exports to the highest level in 16 months was offset ...
China Suffers First Trade Deficit in Six Years
China reported a $7.24 billion trade deficit in March, its first in almost six years, though the trend is likely to be short-lived.
Dow Crosses 11,000 on Growth Signs
The stock market closed at a new 18-month high Friday, with the Dow Jones industrial average briefly touching 11,000 before retreating slightly.
Asian Stocks Enjoy Bounce After Holidays
Asian stock markets kicked off a new week of trading in good spirits, encouraged by an improvement in U.S. economic indicators and higher metal prices.
Banks Let Foreclosed Stay Amid Saturated Market
Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.
China Approves Local Branches for Taiwan Banks
China has given approval to four Taiwanese banks to set up branches on the mainland, a major step toward financial cooperation
Electric Carmaker BYD Takes Stake in Tibet Lithium Mine
Chinese battery and autos maker BYD Co. said Friday it has agreed to buy an 18 percent stake in a Tibetan-based lithium and boron miner
Playstation Move Gets Gamers Off Couch
Sony Corp. gets gamers off the couch with its new motion controller, the PlayStation Move.
Samsung Tablets to Be Sold by Top U.S. Wireless Carriers
Samsung says all four major U.S. wireless carriers will sell its iPad-like tablet computer in the coming months.
3-D Grabs Center Stage at Tokyo Game Show
The Tokyo Game Show has a lot of people wearing dark glasses this year, with the buzz turning 3-D at the annual event that brings ...
Improving Jobs Data Shrugged Off by Wall Street
A September rally driven by economic reports regularly beating modest expectations appears to be on hold Thursday even after a weekly report
U.S. Trade Deficit Surges on Strong Car, PC Demand
Americans' stronger appetites for imported goods, especially cars and computers, lifted the broadest measure of the U.S. trade deficit in the second
Global Markets Dip Ahead of U.S Jobs Report
World markets mostly fell Thursday ahead of another set of U.S. jobs data and news that British retail sales fell in August for the first ...
LG to Replace Electronics CEO with Group Chairman's Brother
South Korea's LG Electronics, the world's third-biggest maker of mobile phones, said its chief executive will be replaced by the brother
Sony Update Plays 3-D Movies on Playstation
Sony's PlayStation 3 game console will work as a Blu-ray disc player for 3-D movies and music videos, not just 3-D games, with a software ...
China Rejects U.S. Union Complaint over Clean Energy Support
China rejected a U.S. union's trade complaint over Beijing's support for clean energy industries and said Wednesday such criticism is hypocritical
Microsoft's Sleek IE 9 to Load Pages Faster
Microsoft Corp. is unveiling the "beta" test version of Internet Explorer 9 on Wednesday, the first of a new generation of Web browser programs
Mastercard Sees 20% Profit Rise on Overseas Use
MasterCard Inc. expects its net income to rise at least 20 percent this year, helped by a small boost from foreign exchange and a modest
Foreign Investment in China Grew Slower in August
Foreign investment in China weakened again in August after rebounding from a slowdown earlier this year, the government reported Wednesday.
Japanese Stocks Soar on Weaker Yen
Japanese stocks jumped Wednesday, outperforming other world markets, after the Bank of Japan intervened in the currency markets
Twitter Adds Pane for Videos, Photos
Twitter is turning its text-messaging website into a multimedia showcase by adding a new pane that will make it easier for its 160 million users
Japan Intervenes to Weaken Yen, First Time Since 2004
Japan's finance minister has confirmed that Japan intervened in the currency market to weaken the yen, which had spiked to 15-year highs
Strong European Debt Sales Lift Investor Mood
Solid bond auctions in Ireland, Spain and Greece helped to further shore up sentiment in the markets Tuesday while investors waited for the latest
CarMax Posts Higher Profits on Strong Used-Car Sales
Used car dealership chain CarMax says its fiscal second-quarter net income rose 4.8 percent as an uncertain economy continued to boost sales
Asia Stocks Gain in Thin Holiday Trading
Asian stock markets posted modest gains in holiday-thinned trade Wednesday after the Federal Reserve expressed concern about the flailing
Twitter Hacker Causes Mischief with Feeds
A new way to cause mischief quickly spread through short-messaging service Twitter on Tuesday morning before the site could fix the problem
Stocks Tilt Back Up After Fed Speaks
Stocks and bonds rose Tuesday after the Federal Reserve said it was ready to provide more help to the economy if necessary.
MetroPCS Leads 4G Wireless Rollout in U.S.
MetroPCS Communications Inc., a regional cell phone company that mainly caters to low-income customers, on Tuesday became the first U.S. carrier
Cessna Blames Economy for Cutting 700 Jobs
Cessna Aircraft announced Tuesday it will cut another 700 jobs, saying it has not seen the growth and recovery that it expected this year.
August Jobless Rate Rose in Calif., 26 Other States
More than half of U.S. states saw their unemployment rates rise in August, the largest number in six months, as hiring weakened across the country.
IBM to Pay $1.7 Bil. for Data Miner Netezza
IBM Corp. said Monday it has agreed to pay $1.7 billion for Netezza Corp., a company that helps businesses sort through data on corporate servers.
Chrysler to Set Up Separate Fiat Dealer Network
Chrysler Group LLC will set up a separate dealership network to sell cars made by Italy's Fiat Group SpA when they are reintroduced in the ...
Oil Slips to $74 Ahead of Key Fed Meeting
Oil prices slipped to near $74 a barrel Tuesday in Asia as traders looked to a key U.S. central bank meeting later in the day ...
World's Airlines Treble Profit Forecast
Global airlines have rebounded faster than expected from the recession after losing nearly $26 billion over 2008 and 2009, the industry association
China Fines Toyota Finance Arm for Bribing Dealers
Authorities in eastern China say they have fined Japanese automaker Toyota Motor Corp.'s finance unit for giving bribes to car dealers
Asian Stocks Rise on Hope of More Fed Action
Asian stock markets advanced Tuesday as hopes for more action by the Federal Reserve to prop up the U.S. economy extended Wall Street's rally
Lotte Group Buys Control of Pepsi Philippines
Lotte Chilsung Beverage, a Lotte Group affiliate, has paid $101 million for a controlling 34.4% stake in Pepsi-Cola Products Philippines (PCPP), becoming its largest
GM to Court SAIC, Other Foreign Investors for IPO
Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North
GM to Test All-Electric Chevy Cruze in Korea
General Motors says it will launch a test fleet of electric cars in South Korea as it continues to develop battery-powered models of its Chevrolet ...
World Stocks Rise on Oracle, RIM Earnings
World stock markets mostly rose Friday as positive earnings news from technology companies such as Oracle and BlackBerry maker Research
GM China Sales Surge Past Sales in U.S.
General Motors Co. said Monday demand in China is so strong that the company's annual sales may top 2 million vehicles this year — four ...
Shanghai Tops Taiwanese Foreign Investments
Shanghai topped the list of favorite foreign investment sites for Taiwanese investors, according to a China Times report. Tokyo and Singapore
Infosys Profits Up 8.7%
Infosys Technologies Ltd., India's bellwether information technology outsourcing company, said Tuesday quarterly profit rose 8.7 percent
Honda Jumps Into Green Game with Electric Scooters
The green fad in Japan is expanding from cars to bikes with Honda's zero-emission super-quiet electric EV-neo scooter.
Paramount Bundles Movies with Seagate Hard Drives
Paramount Pictures is exploring a new frontier by participating in an offer to sell Seagate Technology hard drives with a copy of the latest "Star ...
China Continues Oil Binge with Syncrude Buy
China's not done shopping the globe for oil. On Monday, a Beijing-backed oil producer announced the country's largest deal
GM Says Chevy Volt Electric on Target for Dec Launch
Real-world tests show that General Motors Co.'s rechargeable electric car can travel 40 miles on battery power as promised
Budget Deficit Falls to $65.4 Bil. for March
The budget deficit for March showed a dramatic decline as the Obama administration formally entered a lower ultimate cost for the government's $700 billion
Microsoft Kin Phones to Take on iPhone, Blackberry
Microsoft Corp. unveiled two cell phones Monday that are meant for social networking-savvy teens and twenty-somethings, in an attempt to revitalize
Hawaiian Tops in Service Among 18 Busiest Carriers
Hawaiian Airlines again tops a list of 18 of the nation's busiest carriers for best service. Closely trailing is low-cost carrier AirTran.
Feb. Trade Deficit Grows with Consumer Spending
The U.S. trade deficit widened more than expected in February as a small gain in exports to the highest level in 16 months was offset ...
China Suffers First Trade Deficit in Six Years
China reported a $7.24 billion trade deficit in March, its first in almost six years, though the trend is likely to be short-lived.
Dow Crosses 11,000 on Growth Signs
The stock market closed at a new 18-month high Friday, with the Dow Jones industrial average briefly touching 11,000 before retreating slightly.
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