Hot Business Topics
The increasingly bitter month long strike at auto parts maker American Axle and Manufacturing Holdings Inc. is starting to hit General Motors Corp. where it hurts.
Two GM (GM, Fortune 500) factories that make cars in Michigan and Ohio soon will be affected by the strike, which already has fully or partially shut down 28 […]
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Japan's consumer prices rose at the fastest pace in a decade and the unemployment rate increased for the first time in five months, reinforcing concerns that the economy is falling into a recession.
Core prices, which exclude fruit, fish and vegetables, climbed 1 percent in February from a year earlier, the statistics bureau said […]
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Comcast Corp. and Time Warner Cable Inc. are discussing a plan to fund a new wireless Internet venture that would be run by Sprint Nextel Corp. and Clearwire Corp., The Wall Street Journal reported late Tuesday.
The partnership would create a nationwide network using WiMax technology, which promises faster wireless Web connection speeds for laptops […]
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Tiffany says loans made to a diamond company hurt its fourth-quarter earnings, but adjusted results beat analyst expectations.
The jewelry retailer said Monday profit for the quarter ended Jan. 31 fell to $118.3 million, or 89 cents per share, from $140.5 million, or $1.07 per share last year. Excluding one-time charges, profit was $1.27 per […]
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It is a modern two-income-family tale:
Two well-paid people get married. They are too busy to cook and therefore often dine out. They spend the remainder of their money on vacations and shopping.
They buy a house. After they have children, they upgrade to a larger house with another bedroom or two. Their debt […]
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French consumer spending on manufactured goods rose in February from a 16-month low the previous month, spurred by sales of household goods and cars.
Spending by consumers, which accounts for about 15 percent of the economy, rose 1.2 percent from January, when it fell a revised 1.3 percent, Insee, the Paris-based national statistics office, […]
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Bear Stearns isn’t out of the woods yet.
The struggling brokerage firm spent Friday trying to assure fearful investors that it isn’t on the brink of insolvency. CEO Alan Schwartz and finance chief Sam Molinaro used a midday conference call to emphasize that Bear Stearns’ financial situation isn’t as dire as rumors suggest. They said […]
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Weyerhaeuser Co., one of the world’s largest lumber and packing producers, said Monday it is selling its containerboard, packaging and recycling unit to International Paper Co. for $6 billion in cash.
The sale includes nine containerboard mills, 72 packaging locations, 10 specialty-packaging plants, four kraft bag and sack locations and 19 recycling plants. About 14,300 […]
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U.S. Treasury Secretary Henry Paulson worked the phones and airwaves on Sunday in a bid to reassure financial markets that the government stood ready to help, but he left the heavy lifting to the Federal Reserve.
As Wall Street prepares for what is shaping up to be another tumultuous week, the message from Washington was […]
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A common new technology for monitoring defibrillators is vulnerable to hacking and even to reprogramming that could stop the devices from delivering a lifesaving shock, according to research to be released Wednesday.
In the past couple of years, more than 100,000 patients in the U.S. alone have been implanted with newer devices that reduce medical […]
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