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China's April inflation near decade-high levels
China's inflation rose in April to near decade-high levels, according to data released Monday, increasing pressure on Beijing to cool rapidly ascending prices and avert possible unrest ahead of the Summer ...
MBIA slides to huge 1Q loss on hefty charges
MBIA Inc. swung to a $2.41 billion loss during the first quarter as the bond insurer faced ongoing deterioration in the credit markets and recorded billions in write-downs. The loss equated to $13.03 per ...
Stocks headed for moderately higher open as oil falls
U.S. stocks headed for a moderately higher open Monday as oil prices ticked lower and the dollar advanced.
Sprint Nextel reports larger loss in 1st-qtr
Wireless carrier Sprint Nextel says it had a larger first-quarter loss as it continued to lose valuable monthly subscribers and had to pay for severance charges and other costs.
Fujitsu quarterly profit down 40 percent
Japanese electronics maker Fujitsu on Monday reported nearly a 40 percent plunge in profit for the January-March quarter, largely on costs to restructure its computer chips operations.
HSBC profits up despite $3.2 billion write-down
HSBC Holdings PLC said Monday that first-quarter profit was better than a year ago, despite a $3.2 billion write-down on subprime mortgage assets in the United States.
MBIA slides to huge 1Q loss on hefty charges
MBIA is posting a large first-quarter loss, as the struggling bond insurer took heavy charges to write down the value of certain liabilities amid continued deterioration in the credit markets.
PMI Group swings to hefty 1Q loss on defaults
Mortgage insurer PMI Group Inc. said Monday it swung to a first-quarter loss from year-ago profit, due to hefty payouts on default claims and charges to write off its investment in bond insurer FGIC.
Oil prices retreat from $126 a barrel record
Oil prices retreated Monday in Asia from last week's record close near $126 a barrel as the dollar strengthened against the euro and yen.
US health secretary: Chinese Heparin in US now safe
A blood thinner manufactured in China and linked to dozens of deaths in the United States is now safe because of tighter testing and controls, a top American health official said Monday, while warning that all ...
Retirement savers make costly 401(k) mistakes
Despite extensive efforts to educate workers about saving for retirement, many employees are not doing a good job of managing their company-sponsored 401 accounts, a new study indicates.
EnCana dividing into 2 companies: one oil, one gas
Canada's biggest natural gas company said Sunday it is splitting into two separate energy companies: a fully integrated oil company and a natural gas company.
Mesa Air looks for shareholders' OK to offer more shares
Mesa Air Group Inc. hopes shareholders will soothe its financial troubles this week by allowing the airline to issue millions of new shares valued at nearly twice the company's current market capitalization.
Startup shows off electric car planned for Israel
Israelis got a first demonstration Sunday of the electric car that developers hope will revolutionize transportation in the country and serve as a pilot for the rest of the world.
G-8 labor officials begin 3-day meeting in Japan
Labor ministers from the Group of Eight industrialized nations met with international trade union and business groups Sunday to discuss the reduction of workplace emissions of 'greenhouse' gases blamed for ...
Rebate excludes many taxpayers with foreign spouses
When Maulit Shelat heard about the Bush administration's plan to pump up the economy by sending out stimulus checks, he sat down with his wife and drew up a list of priorities: first up, remodeling the ...
Wall Street looks to US consumers for direction
With millions of stimulus checks going out to taxpayers, Wall Street wants to know where that money will be spent _ and this week's data could help investors gauge the mind-set of the average consumer.
Gas prices knock bicycle sales, repairs into higher gear
Four-dollar-a-gallon gas is good for business _ if you run a bike shop. Commuters around the country are dusting off their old two-wheelers _ or buying new ones _ to cope with rising fuel prices, bicycle ...
Deutsche Telekom CEO asks shareholders for patience
Deutsche Telekom AG's chief executive is asking shareholders to show patience, pointing to the global credit crisis as a reason for the company's lackluster share price, according to an interview published ...
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