Business News

Russia president criticizes ruling party over vote

AP - Sat Nov 21, 8:45 AM ET

ST.PETERSBURG, Russia - Russia's President Dmitry Medvedev on Saturday sharply criticized officials in the ruling Kremlin-backed party for manipulating recent regional votes, saying it must learn to win fairly.

Economy News

  • US President Barack Obama, seen here on November 19, back from a tour of Asia, called for the United States to produce more goods to sell across the Pacific, touting trade as a way to revive the troubled US economy.(AFP/File/Mandel Ngan)
    Obama touts Asia trade to create jobs AFP - Sat Nov 21, 12:05 PM ET

    WASHINGTON (AFP) - Back from an Asia tour, President Barack Obama called Saturday for the United States to produce more goods to sell across the Pacific, touting trade as a way to revive the troubled US economy.

  • President Barack Obama exits Air Force One at Andrews Air Force Base in Maryland, Thursday, Nov. 19, 2009. (AP Photo/Cliff Owen)
    Obama trumpets Asia trip as boost to US economy AP - Sat Nov 21, 11:48 AM ET

    WASHINGTON - President Barack Obama's eight-day trip to Asia produced no tangible wins for the United States, though he is citing talks with Asian allies that he says could help create thousands of job and open new markets for American goods in the future.

  • U.S. President Barack Obama speaks during a rally with troops at Osan Air Base in South Korea, November 19, 2009. REUTERS/Jim Young
    Obama asks for patience on economy Reuters - Sat Nov 21, 6:02 AM ET

    WASHINGTON (Reuters) - President Barack Obama on Saturday urged Americans to show patience over the economy and argued that his just-concluded Asia trip was critical for U.S. exports, countering criticism he had returned empty-handed.

Stock Markets News

  • A trader works on the floor of the New York Stock Exchange moments before the closing bell on November 5 in New York City. Key housing sector data may provide direction for Wall Street in the coming week as the market looks for confirmation of economic recovery and girds for the year-end holiday period.(AFP/Getty Images/File/Spencer Platt)
    Housing data in focus as Wall Street rally pauses AFP - Sat Nov 21, 12:47 PM ET

    NEW YORK (AFP) - Key housing sector data may provide direction for Wall Street in the coming week as the market looks for confirmation of economic recovery and girds for the year-end holiday period.

  • Traders work on the floor of the New York Stock Exchange moments before the closing bell on November 5 in New York City. Key housing sector data may provide direction for Wall Street in the coming week as the market looks for confirmation of economic recovery and girds for the year-end holiday period.(AFP/Getty Images/File/Spencer Platt)
    Stocks could sputter with Black Friday eyed Reuters - Fri Nov 20, 9:14 PM ET

    NEW YORK (Reuters) - U.S. stocks could sputter next week as volumes dry up in holiday-shortened trading and with a slew of economic reports likely to illustrate the recovery is still fragile.

  • Nasdaq notifies Overstock it violated listing rule AP - Fri Nov 20, 6:22 PM ET

    SALT LAKE CITY - Overstock.com Inc. said Friday that it received a listing rule violation letter Thursday from the Nasdaq Stock Market related to the recent filing of its third-quarter report.

Earnings News

  • In this Nov. 17, 2009 photo, jars of Smucker's jelly are stacked on a shelf in the Heinen's grocery store in Bainbridge Twp., Ohio. J.M. Smucker said Friday, Nov. 20, its second-quarter profit more than doubled on growth from its Folgers acquisition and as consumers eat at home more.(AP Photo/Amy Sancetta)
    J.M. Smucker 2nd-quarter profit soars on coffee AP - Fri Nov 20, 5:37 PM ET

    PORTLAND, Ore. - J.M. Smucker Co. nearly tripled its profit in the second quarter as the addition of Folgers coffee gave a jolt to its lineup and lower commodity prices for coffee beans and other items fattened its profit margins.

  • Flat Shipments Hurt Dell Despite Increased Earnings NewsFactor - Fri Nov 20, 5:21 PM ET

    Dell's earnings are up and expectations are solid, but the company's stock still took a hit Friday afternoon after analysts signaled the company isn't playing a key role in the PC market recovery. Dell's shipments were flat in the third quarter and down five percent from the year-ago period despite improvements in the large-enterprise and small-and-midsize business segments and increased demand and revenue from business customers.

  • FILE - In this May 7, 2009 file photo, homes built by D.R. Horton Inc. are shown in Cahndler, Ariz.D.R. Horton Inc. said Fridauy, Nov. 20, 2009, its loss in its fiscal fourth quarter narrowed despite a plunge in revenue as the homebuilder wrote down fewer costs.(AP Photo/Ross D. Franklin, file)
    D.R. Horton sees 26 perecent spike in 4Q orders AP - Fri Nov 20, 5:20 PM ET

    Homebuilder D.R. Horton Inc., saw new home orders spike 26 percent from a year ago in the latest quarter as buyers raced to close deals and take advantage of a federal tax credit. But a wider-than-anticipated loss fueled by write-downs sent shares tumbling more than 15 percent Friday.

Industries

Opinion

  • Warming Signs in U.K. Commercial Property BusinessWeek - Fri Nov 20, 8:08 AM ET

    About a year ago, observers of the UK commercial property market would not have been shocked to see the Four Horsemen of the Apocalypse riding around the corner.

  • Zigzagging to Business School BusinessWeek - Fri Nov 20, 8:08 AM ET

    I am not your typical MBA student. I chuckle thinking about the havoc I will wreak on the incoming class pie charts that the admissions office will prepare at the Georgetown McDonough School of Business (McDonough Full-Time MBA School Profile), where I will start this fall. How will they categorize a gay Bosnian Muslim refugee, a former chemist who writes about sexuality in Islam while counseling college students?

  • Healing Chile's Malaise BusinessWeek - Fri Nov 20, 8:08 AM ET

    Santiago - Valeria Garcia has come a long way in the past two decades. As a high school dropout, she lived in a wooden shack with a dirt-floor kitchen and a tin roof in San Ramn, one of the Chilean capital's roughest neighborhoods. But at age 33 she went back to high school and then earned a degree in psychology from a local university. For seven years she commuted an hour each day by bus to classes, all the while taking in washing to make ends meet.

Most Popular Business News

  • The Day Global Warming Stood Still Investor's Business Daily - Fri Nov 20, 6:40 PM ET

    Climate Change: As scientists confirm the earth has not warmed at all in the past decade, others wonder how this could be and what it means for Copenhagen. Maybe Al Gore can Photoshop something before December.

  • Chicago Cardinal Francis George, left, the president of the U.S. Conference of Catholic Bishops, left, and Monsignor  David Malloy, general secretary, address members during the group's fall meeting Monday, Nov. 16, 2009, Baltimore. (AP Photo/Rob Carr)
    White House at odds with bishops over abortion AP - Fri Nov 20, 4:29 PM ET

    WASHINGTON - The White House is on a collision course with Catholic bishops in an intractable dispute over abortion that could blow up the fragile political coalition behind President Barack Obama's health care overhaul.

  • President Barack Obama's Democratic allies in the Senate strove to lock down support to prevail in remaking the US health care system. Adding to their confidence, a wavering Democrat, Senator Ben Nelson of Nebraska, pictured here in October, said he would vote with his party this time but warned he might side with Republicans in subsequent fights.(AFP/Getty Images/File/Chip Somodevilla)
    Historic health care bill nears key Senate vote AP - 1 hour, 41 minutes ago

    WASHINGTON - In a show of unity, Senate Democrats sealed a 60-vote majority needed to advance health care legislation Saturday ahead of an evening showdown with Republicans eager to doom the bill and inflict a punishing defeat on President Barack Obama.