Business
Analysis: 10 percent jobless is Obama's new world
For months he had warned it was coming but that didn't ease the political shockwaves for President Barack Obama when unemployment topped 10 percent.
Nov 07, 2009 | 6:45 am
China offers Africa more trade, investment
China is offering to abolish import duties on some commodities from Africa and make sure Chinese exports to the continent are safe as part of a package to boost already thriving economic ties, China's commerce minister said in an article published Saturday.
Nov 07, 2009 | 6:45 am
South Korean workers protest gov't labor policy
Tens of thousands of South Korean workers rallied Saturday to protest the government's plan to begin implementing contentious labor laws.
Nov 07, 2009 | 5:40 am
Banks in Ga., Mich., Minn., Mo., Calif. closed
Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans.
Nov 06, 2009 | 9:10 pm
Berkshire Hathaway says 3Q profit triples to $3.2B
Paper gains on derivative contracts helped Berkshire Hathaway Inc. triple its third-quarter profit as its insurance businesses did well, but Warren Buffett's company said Friday that many of its other operating businesses struggled.
Nov 06, 2009 | 7:30 pm
Oil settles lower after US unemployment report
Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983.
Nov 06, 2009 | 6:40 pm
Consumer borrowing drops $14.8B in September
Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery.
Nov 06, 2009 | 6:40 pm
Freddie Mac loses $6.3B in 3Q
Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion.
Nov 06, 2009 | 6:35 pm
What recovery? Unemployment shoots past 10 percent
Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than previously thought.
Nov 06, 2009 | 5:40 pm
Stocks post modest gains as job losses slow
Investors undaunted by a surprisingly weak jobs report found enough positive news to nudge stocks higher Friday.
Nov 06, 2009 | 5:10 pm
Report: Minnesota needs significant Internet upgrades
ST. PAUL, Minn. (AP) - Internet speeds in more than four-fifths of Minnesota are too slow to support technologies that could draw new jobs, take cars off the roads and bring new services to people in their homes, a new report said Friday.
Nov 06, 2009 | 5:00 pm
GM says Europe chief Forster to leave post
Carl-Peter Forster, the chief executive of General Motors Europe who runs its struggling Opel unit, will leave the company, GM said Friday.
Nov 06, 2009 | 2:05 pm
New `Call of Duty' could set entertainment record
This holiday season's biggest entertainment blockbuster likely will be a sequel to a popular franchise, with jarring depictions of war and an intricate story of good versus evil. It could easily rake in more than last year's record $155 million opening weekend for "The Dark Knight."
Nov 06, 2009 | 1:55 pm
AIG posts 2nd consecutive quarterly profit
AIG said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year.
Nov 06, 2009 | 1:55 pm
EBay settles lawsuit filed by Skype founders
EBay Inc. has settled a legal skirmish with the founders of Skype that threatened to complicate eBay's plans to sell most of the Internet phone service to a group of investors for $2 billion.
Nov 06, 2009 | 12:40 pm
Wholesale inventories fall, sales grow in Sept.
Businesses cut inventories at the wholesale level for a record 13th consecutive month in September, but sales rose for a sixth straight time.
Nov 06, 2009 | 9:15 am
Deja vu: Wal-Mart, Amazon, Target in DVD price war
Wal-Mart Stores Inc. is upping the ante heading into the holiday season, trimming the online preorder prices of some upcoming DVDs following last month's price cut on books.
Nov 06, 2009 | 8:55 am
Activision posts 3Q profit, backs 2009 outlook
It's been a rough year for the video game industry, but Activision Blizzard Inc. reported a profit for its third quarter because of lower costs and a good response for games such as "Guitar Hero 5" and "World of Warcraft."
Nov 06, 2009 | 8:50 am
Report: Fla. investment agency under investigation
The Florida agency that manages $132 billion in pension and local government investments is under investigation by the Securities and Exchange Commission.
Nov 06, 2009 | 6:25 am
British Airways posts H1 loss of $346 million
British Airways PLC on Friday reported a net loss of 208 million pounds ($346 million) in the six months ending in September as the global economic downturn continued to take its toll on revenues.
Nov 06, 2009 | 5:35 am
