J.C. Penney Profits More Than Double
J.C. Penney Co. reported that its first-quarter net income more than doubled as the department store operator benefited from sales improvements
Business
Mizuho Swings to $2.6 Bil. Profit As Japan Recovers
Mizuho Financial Group, Japan's No. 2 bank, posted a 239.4 billion yen ($2.6 billion) profit for the year through March, returning to the black
World Stocks Fall on Euro Debt, U.S. Jobless
World stock markets and the euro fell Friday on worries that Europe's fiscal austerity measures and stubbornly high unemployment in the U.S. will slow
Lawyers Vie to Lead Mass Suits Against Toyota
Dozen of lawyers spoke glowingly about their courtroom credentials Thursday as they tried to persuade a federal judge to give them a lead position
Indonesian Ancient Treasure Auction Sinks
A long-awaited auction of ancient treasures salvaged from the sea opened Wednesday in the Indonesian capital — and then abruptly closed
German Parliament Approves Greek Bailout
The German parliament approved Berlin's share of the rescue package for debt-laden Greece after a boisterous debate Friday in which the finance
290,000 Jobs Added in April but Jobless Rate Rises
More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent
Retailers Encouraged by Solid Spring Shopping
Americans gave retailers a respectable spring selling season, resulting in a slew of stores raising their earnings outlooks.
GM Hires Former Hyundai Marketing Whiz
General Motors Co. has hired the marketing whiz who helped Hyundai nearly double its market share in the U.S.
MGM Mirage Posts Loss on CityCenter Writedown
MGM Mirage says a hefty writedown related to its CityCenter joint venture contributed to a loss in the first-quarter.
Cablevision Profits Triple on New Subscribers
Cablevision says its first-quarter earnings more than tripled as it added cable, phone and Internet customers. The company is also lifting its dividend
Asia Stocks Slide, Europe Steadies
European stocks steadied Thursday despite a plunge in Asian markets as investors worried that Greece's debt crisis could spread to other countries
Zurich Financial Reports 76% Profit Jump
Swiss insurer Zurich Financial Services Group reported a 76 percent jump in first-quarter net profit Thursday despite paying out more for natural disasters
Panasonic Cuts Losses As Global Sales Recover
Panasonic slashed its losses for the January-March quarter to just under $1 billion as the world's biggest maker of plasma TVs benefited from a recovery
World Stocks Fall Again As 3 Killed in Greek Strike
World markets continued to fall Wednesday, particularly in Asia, as investors worried that Europe's debt crisis would spread
BMW Earns $424 Mil. in Q1 on Strong Revenue Growth
German luxury automaker BMW AG reported Wednesday a first-quarter profit on improved sales and said that rising demand for premium cars
Time Warner Asked to Stop Claiming Fiber Optics
An advertising watchdog on Tuesday asked Time Warner Cable Inc. and Cox Communications Inc. to drop claims that they run fiber-optics networks.
Apple's Developer Policy Draws Antitrust Scrutiny
Federal regulators plan to examine whether Apple Inc. is violating antitrust rules by requiring software developers to use Apple programming
ADM Profits Surge on Biofuel Demand
Archer Daniels Midland Co. reported that its third-quarter profit soared to more to $421 million from just $3 million in the same period last year
Oil Slips on Rising Dollar, Inventories
Oil prices slumped to below $85 a barrel Tuesday as the dollar strengthened and traders anticipated another increase in U.S. crude supplies
GM Celebrate's Suburban's 75th Birthday
The Chevrolet Suburban, the roomy choice of hunters, law enforcement agencies and soccer moms, celebrated its 75th anniversary Monday
GM's 6.4% April Sales Growth Less Than Expected
General Motors Co.'s sales rose 6.4 percent in April as the auto industry continued to see signs of recovery, although the pace slowed from incentive-fueled ...
Stocks Surge on Euro Defense Efforts
Stocks rocketed higher Monday after European leaders agreed to a nearly $1 trillion rescue plan to avoid a major debt crisis and the U.S. Federal
Stocks Slide in Asia, Europe As Euro Relief Rally Fades
World stocks fell Tuesday as a relief rally triggered by a $1 trillion plan to contain Europe's debt crisis fizzled out.
Samsung Plans $20.6 Bil. New Tech Investments
Samsung said Tuesday it plans to invest 23.3 trillion won ($20.6 billion) over the next decade in technologies including solar cells and medical devices
Toyota Prius Tops Japan Sales for 12th Month
Toyota's Prius hybrid was Japan's top-selling car in April, clinching the No. 1 spot for the 12th straight month.
China Inflation at Worrisome 2.8% on Food Price Surge
China's inflation accelerated to 2.8 percent in April, driven by a jump in politically sensitive food prices, adding to pressure for Beijing to cool its ...
Dish May Have to Shut Down 7.3 Mil. DVRs
Dish Network Corp. reported a 26 percent drop in first-quarter net income as the satellite TV company stepped up promotions to reel in customers.
Sprint Joins Verizon in Jilting Google's Nexus One
Sprint Nextel has had a change of heart and scrapped its plans to back Google's Nexus One mobile phone.
Car Czar Thinks Taxpayers Can Get $40 Bil. from GM
The U.S. government could get back $40 billion of its $50 billion investment in General Motors Co., and the difference will have been well spent
Chrysler Moving Swiftly toward Profitability, IPO
Chrysler Group LLC says its financial performance exceeded its expectations and suggested an initial public offering could come sooner than expected.
Home Depot Profits Surge, Outlook Improves
Home Depot's fiscal first-quarter net income surged 41 percent as consumers snatched up seasonal items and the number of customer transactions
New Short-Range Wi-Fi to Be 10 Times Faster
The industry group that supports Wi-Fi is adopting a new technology that should boost data speeds more than 10 times at short distances
U.S. Open to More Fines for Toyota
U.S. Transportation Secretary Ray LaHood said Monday that Washington wants to see results from Toyota's efforts to improve safety, and more fines would be imposed ...
European Flights Nearly Back to Normal As Ash Clears
Flights across Europe were operating normally Monday after a plume of volcanic ash that disrupted air traffic and forced some airports to close
EU Sets Up $1 Tril. Package to Defend Euro
The European Union and the International Monetary Fund pledged a massive nearly $1 trillion defense package for the embattled euro Monday
Fed Ships Dollars to Europe to Help Contain Crisis
The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on ...
No Cyber Attack Behind Thurs Selloff Says White House
The White House's homeland security and counterterrorism adviser says there is no evidence that a cyber attack was behind the chaos
Nokia Files New Patent Claim Against Apple iPad
Finnish cell phone maker Nokia Corp. said Friday that it has extended its patent-infringement claims against Apple Inc. to include the new iPad.
Spain Barely Emerges from Recession
Spain's economy grew in the first three months of 2010, putting an end to six quarters of recession, the Bank of Spain said Friday.
Durables, New Home Sales Buffer Against Europe
Sales of new homes posted another large gain in April as buyers rushed to sign contracts before government tax credits expired.
Honda China Plant Stopped by Worker Strike
Honda's four auto assembly plants in China have ground to a halt after workers at a parts maker went on strike demanding better wages.
Asia, Europe Stocks Rise on Asian, U.S. Data
World stocks rose Thursday as investors put Europe's debt problems behind them — for now — and instead concentrated on strong Asian economic growth
China's Stock Market Defies Robust Real Growth
Shanghai has Wall Street-size ambitions for its financial markets, and this month, it got a charging bronze bull to match those aspirations.
Asian Stocks Fall on Europe Debt Fears
Asian stock markets fell in early trading Thursday after the Dow Jones industrial average closed below the 10,000 line for the first time in nearly
Yahoo Paints Brighening Picture Through 2013
Yahoo Inc. raised its financial target Wednesday, reflecting expectations that the Internet company will attract more online advertisers as it reaps savings
Feds Profit from $6.2 Bil. Sale of Citigroup Stock
The Treasury Department said Wednesday it raised $6.2 billion from the sale of 1.5 billion shares of Citigroup stock it received as part of the ...
Euro Slide Pushes Dow to Sub-10K Close
A drop in the euro set off a late-day slide in stocks Wednesday and sent the Dow Jones industrial average to its first close below ...
Facebook Faces Growing Privacy Protests
Facebook is simplifying its privacy controls amid growing unrest from many of its users.
Costco Profits Jump 46% on Sales, Memberships
Costco Wholesale Corp.'s profit climbed 46 percent in the fiscal third quarter as sales and membership revenue both rose.
J.C. Penney Profits More Than Double
J.C. Penney Co. reported that its first-quarter net income more than doubled as the department store operator benefited from sales improvements
Mizuho Swings to $2.6 Bil. Profit As Japan Recovers
Mizuho Financial Group, Japan's No. 2 bank, posted a 239.4 billion yen ($2.6 billion) profit for the year through March, returning to the black
World Stocks Fall on Euro Debt, U.S. Jobless
World stock markets and the euro fell Friday on worries that Europe's fiscal austerity measures and stubbornly high unemployment in the U.S. will slow
Lawyers Vie to Lead Mass Suits Against Toyota
Dozen of lawyers spoke glowingly about their courtroom credentials Thursday as they tried to persuade a federal judge to give them a lead position
Indonesian Ancient Treasure Auction Sinks
A long-awaited auction of ancient treasures salvaged from the sea opened Wednesday in the Indonesian capital — and then abruptly closed
German Parliament Approves Greek Bailout
The German parliament approved Berlin's share of the rescue package for debt-laden Greece after a boisterous debate Friday in which the finance
290,000 Jobs Added in April but Jobless Rate Rises
More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent
Retailers Encouraged by Solid Spring Shopping
Americans gave retailers a respectable spring selling season, resulting in a slew of stores raising their earnings outlooks.
GM Hires Former Hyundai Marketing Whiz
General Motors Co. has hired the marketing whiz who helped Hyundai nearly double its market share in the U.S.
MGM Mirage Posts Loss on CityCenter Writedown
MGM Mirage says a hefty writedown related to its CityCenter joint venture contributed to a loss in the first-quarter.
Cablevision Profits Triple on New Subscribers
Cablevision says its first-quarter earnings more than tripled as it added cable, phone and Internet customers. The company is also lifting its dividend
Asia Stocks Slide, Europe Steadies
European stocks steadied Thursday despite a plunge in Asian markets as investors worried that Greece's debt crisis could spread to other countries
Zurich Financial Reports 76% Profit Jump
Swiss insurer Zurich Financial Services Group reported a 76 percent jump in first-quarter net profit Thursday despite paying out more for natural disasters
Panasonic Cuts Losses As Global Sales Recover
Panasonic slashed its losses for the January-March quarter to just under $1 billion as the world's biggest maker of plasma TVs benefited from a recovery
World Stocks Fall Again As 3 Killed in Greek Strike
World markets continued to fall Wednesday, particularly in Asia, as investors worried that Europe's debt crisis would spread
BMW Earns $424 Mil. in Q1 on Strong Revenue Growth
German luxury automaker BMW AG reported Wednesday a first-quarter profit on improved sales and said that rising demand for premium cars
Time Warner Asked to Stop Claiming Fiber Optics
An advertising watchdog on Tuesday asked Time Warner Cable Inc. and Cox Communications Inc. to drop claims that they run fiber-optics networks.
Apple's Developer Policy Draws Antitrust Scrutiny
Federal regulators plan to examine whether Apple Inc. is violating antitrust rules by requiring software developers to use Apple programming
ADM Profits Surge on Biofuel Demand
Archer Daniels Midland Co. reported that its third-quarter profit soared to more to $421 million from just $3 million in the same period last year
Oil Slips on Rising Dollar, Inventories
Oil prices slumped to below $85 a barrel Tuesday as the dollar strengthened and traders anticipated another increase in U.S. crude supplies
GM Celebrate's Suburban's 75th Birthday
The Chevrolet Suburban, the roomy choice of hunters, law enforcement agencies and soccer moms, celebrated its 75th anniversary Monday
GM's 6.4% April Sales Growth Less Than Expected
General Motors Co.'s sales rose 6.4 percent in April as the auto industry continued to see signs of recovery, although the pace slowed from incentive-fueled ...
Stocks Surge on Euro Defense Efforts
Stocks rocketed higher Monday after European leaders agreed to a nearly $1 trillion rescue plan to avoid a major debt crisis and the U.S. Federal
Stocks Slide in Asia, Europe As Euro Relief Rally Fades
World stocks fell Tuesday as a relief rally triggered by a $1 trillion plan to contain Europe's debt crisis fizzled out.
Samsung Plans $20.6 Bil. New Tech Investments
Samsung said Tuesday it plans to invest 23.3 trillion won ($20.6 billion) over the next decade in technologies including solar cells and medical devices
Toyota Prius Tops Japan Sales for 12th Month
Toyota's Prius hybrid was Japan's top-selling car in April, clinching the No. 1 spot for the 12th straight month.
China Inflation at Worrisome 2.8% on Food Price Surge
China's inflation accelerated to 2.8 percent in April, driven by a jump in politically sensitive food prices, adding to pressure for Beijing to cool its ...
Dish May Have to Shut Down 7.3 Mil. DVRs
Dish Network Corp. reported a 26 percent drop in first-quarter net income as the satellite TV company stepped up promotions to reel in customers.
Sprint Joins Verizon in Jilting Google's Nexus One
Sprint Nextel has had a change of heart and scrapped its plans to back Google's Nexus One mobile phone.
Car Czar Thinks Taxpayers Can Get $40 Bil. from GM
The U.S. government could get back $40 billion of its $50 billion investment in General Motors Co., and the difference will have been well spent
Chrysler Moving Swiftly toward Profitability, IPO
Chrysler Group LLC says its financial performance exceeded its expectations and suggested an initial public offering could come sooner than expected.
Home Depot Profits Surge, Outlook Improves
Home Depot's fiscal first-quarter net income surged 41 percent as consumers snatched up seasonal items and the number of customer transactions
New Short-Range Wi-Fi to Be 10 Times Faster
The industry group that supports Wi-Fi is adopting a new technology that should boost data speeds more than 10 times at short distances
U.S. Open to More Fines for Toyota
U.S. Transportation Secretary Ray LaHood said Monday that Washington wants to see results from Toyota's efforts to improve safety, and more fines would be imposed ...
European Flights Nearly Back to Normal As Ash Clears
Flights across Europe were operating normally Monday after a plume of volcanic ash that disrupted air traffic and forced some airports to close
EU Sets Up $1 Tril. Package to Defend Euro
The European Union and the International Monetary Fund pledged a massive nearly $1 trillion defense package for the embattled euro Monday
Fed Ships Dollars to Europe to Help Contain Crisis
The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on ...
No Cyber Attack Behind Thurs Selloff Says White House
The White House's homeland security and counterterrorism adviser says there is no evidence that a cyber attack was behind the chaos
Nokia Files New Patent Claim Against Apple iPad
Finnish cell phone maker Nokia Corp. said Friday that it has extended its patent-infringement claims against Apple Inc. to include the new iPad.
Spain Barely Emerges from Recession
Spain's economy grew in the first three months of 2010, putting an end to six quarters of recession, the Bank of Spain said Friday.
Durables, New Home Sales Buffer Against Europe
Sales of new homes posted another large gain in April as buyers rushed to sign contracts before government tax credits expired.
Honda China Plant Stopped by Worker Strike
Honda's four auto assembly plants in China have ground to a halt after workers at a parts maker went on strike demanding better wages.
Asia, Europe Stocks Rise on Asian, U.S. Data
World stocks rose Thursday as investors put Europe's debt problems behind them — for now — and instead concentrated on strong Asian economic growth
China's Stock Market Defies Robust Real Growth
Shanghai has Wall Street-size ambitions for its financial markets, and this month, it got a charging bronze bull to match those aspirations.
Asian Stocks Fall on Europe Debt Fears
Asian stock markets fell in early trading Thursday after the Dow Jones industrial average closed below the 10,000 line for the first time in nearly
Yahoo Paints Brighening Picture Through 2013
Yahoo Inc. raised its financial target Wednesday, reflecting expectations that the Internet company will attract more online advertisers as it reaps savings
Feds Profit from $6.2 Bil. Sale of Citigroup Stock
The Treasury Department said Wednesday it raised $6.2 billion from the sale of 1.5 billion shares of Citigroup stock it received as part of the ...
Euro Slide Pushes Dow to Sub-10K Close
A drop in the euro set off a late-day slide in stocks Wednesday and sent the Dow Jones industrial average to its first close below ...
Facebook Faces Growing Privacy Protests
Facebook is simplifying its privacy controls amid growing unrest from many of its users.
Costco Profits Jump 46% on Sales, Memberships
Costco Wholesale Corp.'s profit climbed 46 percent in the fiscal third quarter as sales and membership revenue both rose.
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