Business Wire
Lexus tops auto quality study as industry improves
Lexus makes the best-quality cars in the U.S., and automakers overall are much better at eliminating problems that land vehicles in the repair shop, according to a new survey of car owners. Read more »
Review: Galaxy strong contender to iPhone
Until I started watching videos on Samsung's new Galaxy S III phone, I never thought of the iPhone's display as small. Read more »
Struggling BlackBerry maker begins job cuts
Struggling BlackBerry maker Research In Motion said Wednesday it has started laying off employees as part of its restructuring plan aimed at saving about $1 billion this year. Read more »
Federal Reserve extends 'Twist' program to drive rates lower
The Federal Reserve is extending a program designed to drive down long-term U.S. interest rates to spur borrowing and spending. Read more »
Cisco CEO hopes to create jobs for Israeli Arabs
JERUSALEM-- Cisco Systems Inc. CEO and Chairman John Chambers on Wednesday introduced a campaign to help create 12,000 high-tech jobs in Israel's distressed Arab sector over the next four years. Read more »
Samsung, LG bet on new display to revive TV sales
South Korean TV manufacturers are making billion-dollar bets on a new display technology that promises an even thinner screen and imagery of eye-popping clarity. It might prove to be a costly last... Read more »
Stocks edge lower as investors focus on the Fed
edged down at midday Wednesday as investors looked for direction from a Federal Reserve announcement expected in the afternoon. Read more »
Microsoft tablet risks alienating PC makers
With the unveiling of the Surface tablet, Microsoft is heading into unusual territory: competing with its partners, the very same companies that make Windows PCs. But Microsoft has little to lose,... Read more »
Europe gropes for crisis fix, bond buys pushed
Europe's leaders are grasping for ideas to halt their government debt crisis ahead of a series of top-level meetings over the next 10 days. The latest: Using their emergency government bailout... Read more »
Procter & Gamble cuts 4Q profit, revenue outlook
Procter & Gamble Co. on Wednesday lowered its fourth-quarter earnings and revenue forecasts, hurt by unfavorable foreign exchange rates, continued slow growth in developed markets and a... Read more »
World leaders weigh stimulus vs. austerity at G-20
With major European economies on the brink of collapse, leaders concluding an annual Group of 20 meeting sought Tuesday to reassure the world that they would find a way to put out the debt-fueled... Read more »
Despite crisis, Greece still functions
A conversation in struggling Greece is, often as not, about the superlatives of doom: The country is on the edge, the people are headed toward catastrophe, and the state, drained of cash and... Read more »
Investors hoping for Fed action to boost economy
The Federal Reserve, meeting at a time of heightened uncertainty, is expected to provide further support for a slumping U.S. economy. But there is no consensus over what form the added support will... Read more »
Obama: Euro crisis could affect my re-election
President Barack Obama is acknowledging that Europe's economic situation could have a spillover effect on his own re-election prospects. Read more »
Developing countries to the rescue at G-20
The scene at the just-concluded Group of 20 summit held in this seaside resort would have been unthinkable a decade ago: Hundreds of dignitaries gathered in opulent Mexican hotels and convention... Read more »
Obama confident Europeans will resolve debt crisis
President Barack Obama voiced confidence Tuesday in Europe's ability to "break the fever" of its raging debt crisis as he sought to calm both global financial markets and the election-year worries... Read more »
NY moves to restrict welfare spending on alcohol
New York would prohibit welfare recipients from spending their tax-funded benefits on cigarettes, alcohol, gambling, and strip clubs under a bill passed overwhelmingly by the state Senate on Tuesday. Read more »
Pit bull task force hears both sides of debate
A task force of lawmakers reviewing a court ruling that singles out pit bulls as "inherently dangerous" heard from animal rights advocates on Tuesday who oppose the decision and from the parents of... Read more »
Microsoft tablet risks alienating PC makers
With the unveiling of the Surface tablet, Microsoft is heading into unusual territory: competing with its partners, the very same companies that make Windows PCs. But Microsoft has little to lose,... Read more »
World leaders weigh stimulus vs. austerity at G-20
With major European economies on the brink of collapse, world leaders concluding an annual Group of 20 meeting were left Tuesday with two different paths to ease the financial crisis: Spend more to try to stimulate growth or slash... Read more »
Gov. Scott says families can't afford tuition hike
Gov. Rick Scott says he wants Florida universities to be the nation's best in preparing graduates to get jobs in fields that are hiring, but he isn't backing down on his demand that they find a way to fund their programs without... Read more »
Why stocks may be even riskier than you think
Job growth in the United States is slowing. Sales at stores have stopped growing. The economies of India, Brazil and China are cooling. Europe is crippled by government debt and bad bank loans. Read more »
Discover says credit card use rose in 2Q
Despite concerns about the economy, Discover's customers are using their cards more often and paying their bills on time at record rates. Read more »
'Encouraged' Obama seeks G-20 results on economy
President Barack Obama, closing his final foreign trip before the November election, sought to head home with fresh commitments Tuesday that Europe was racing toward a plan to keep its economic... Read more »
Dimon: JPMorgan trusted risk models before loss
JPMorgan Chase CEO Jamie Dimon says the bank did its best to fully inform investors about its risk strategy several weeks before it suffered a $2 billion-plus trading loss. Read more »
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