Business News

China shares fall on economic policy uncertainty

AP - 57 minutes ago

SHANGHAI - Chinese shares retreated Tuesday on policy uncertainty ahead of the government's annual economic planning meeting. More »

  • Singapore tourism falls slightly in October

    AP - 1 hour 36 minutes ago

    SINGAPORE - Singapore's tourist arrivals fell slightly in October from a year earlier as global travel slowly recovered.

  • FILE - In this March 8, 2009 file photo, the Hewlett-Packard Co. facility in Palo Alto, Calif., is shown. Hewlett-Packard Co. releases quarterly earnings after the market close Monday, Nov. 23, 2009. (AP Photo/Paul Sakuma, file)

    HP profit jumps on cost cuts, new market expansion

    AP - Tuesday, November 24

    SAN FRANCISCO - Hewlett-Packard Co.'s cost-cutting and push into new markets is helping soften the blow from weakness in the company's mainstay businesses.

  • Clothing sales down Nov., but online roars back

    AP - Tuesday, November 24

    NEW YORK - After showing signs of improvement in early fall, sales of clothing and luxury goods weakened a bit the first half of November, compared with a year ago, when stores pulled shoppers in with massive discounts, figures released Tuesday show.

  • Economic recovery likely not quite that energetic

    AP - Tuesday, November 24

    WASHINGTON - Remember the economy's return to growth last quarter? Well, it probably wasn't as energetic as first thought.

  • Key scientist says politics behind stolen e-mails

    AP - Tuesday, November 24

    BOULDER, Colo. - A leading climate change scientist said hackers breaking into a university's computer server and then posting documents online show the nasty politics of global warming.

  • Fitch lowers Mexico's credit rating on oil decline

    AP - Tuesday, November 24

    MEXICO CITY - Fitch Ratings downgraded Mexico's credit rating Monday, saying dependence on a flagging oil sector has weakened the country's ability to weather financial problems.

  • Newmont to sell Indonesia venture stake for $494M

    AP - Tuesday, November 24

    DENVER - Newmont Mining has agreed to sell a 14 percent stake in an Indonesian gold mine for $494 million, ending a years-long dispute with the Indonesian government over how the mining company should sell shares as required under its contract to operate in the country.

  • On The Call: HP CEO on 3Com acquisition

    AP - Tuesday, November 24

    SAN FRANCISCO - One area where Hewlett-Packard Co. is expanding aggressively is computer networking, the home turf of market leader Cisco Systems Inc.

  • Brocade 4Q profit drops on costs; backs guidance

    AP - Tuesday, November 24

    SAN JOSE, Calif. - Networking gear maker Brocade Communications Systems Inc. said Monday its fourth-quarter profit fell 6 percent as hefty costs offset a surge in revenue, but reiterated its guidance for fiscal 2010.

  • Corel says takeover needed to prevent collapse

    AP - Tuesday, November 24

    OTTAWA - Corel Corp., the maker of WordPerfect and other software, on Monday justified an offer to take the company private, saying that complete ownership is necessary to inject capital quickly and avert a default on its loans.

  • Indie artists Waits, Bjork come to MySpace Music

    AP - Tuesday, November 24

    LOS ANGELES - Independent label artists Bjork and Tom Waits are coming to MySpace Music.

  • Kinder Morgan expects to pay $4.40 annual dividend

    AP - Tuesday, November 24

    HOUSTON - Kinder Morgan Energy Partners LP said Monday that it expects to pay out an annual cash dividend of $4.40 per unit in 2010, up from $4.20 in 2009.

  • Mich. spammer gets 4 years in stock fraud scheme

    AP - Tuesday, November 24

    DETROIT - A federal judge has sentenced a suburban Detroit man described as one of the world's most prolific senders of spam e-mail to more than four years in prison for his role in a 2005 stock fraud scheme that netted him $2.7 million.

  • Icahn outbids Penn to open Fontainebleau auction

    AP - Tuesday, November 24

    LAS VEGAS - Billionaire investor Carl Icahn has offered a higher sum than Penn National Gaming Inc. to open bidding at a bankruptcy auction for the unfinished Fontainebleau Las Vegas casino-resort on the Las Vegas Strip.

  • Max Capital names new president of reinsurance ops

    AP - Tuesday, November 24

    NEW YORK - Insurer Max Capital Group Ltd. said Monday that David Kalainoff has been appointed president of reinsurance operations.

  • Freedom seeks approval for executive bonus

    AP - Tuesday, November 24

    WILMINGTON, Del. - Freedom Communications, owner of The Orange County Register in California and other media properties, is seeking approval of a $300,000 bonus plan for its chief financial officer.

  • Valspar fiscal 4th-quarter profit climbs

    AP - Tuesday, November 24

    MINNEAPOLIS - Paint and coatings maker Valspar Corp. said Monday its fiscal fourth-quarter profit climbed as the company trimmed the cost of sales and research and development expenses.

  • Analog Devices 4Q earnings fall; 1Q outlook upbeat

    AP - Tuesday, November 24

    NORWOOD, Mass. - Chipmaker Analog Devices Inc. said Monday its net income fell 27 percent in the fiscal fourth quarter, as demand declined for semiconductors in its industrial and communications business.

  • KBR to bid for part of $3B Air Force contract

    AP - Tuesday, November 24

    HOUSTON - Defense contractor KBR said Monday the U.S. Air Force has asked it to bid for future task orders under the Worldwide Environmental Restoration and Construction program.

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