USA Business News
CBJ Jan 11 - Gold commodity prices rose 1.7 percent in Europe to a five-week high of $1,157.70 (U.S.), benefiting from a weakened dollar as traders bet on U.S. interest rates remaining low for awhile.
Spot gold was bid at $1,157.40 an ounce at 1037 ...
CBJ Jan 11 - The biggest steel maker and biggest auto market, China has surpassed Germany in 2009 to become the world’s largest exporter, marking yet another sign of the country’s rapid economic rise and shifting trading powers to the East.
Total 2009 exports were ...
CBJ Jan 7 - The number of U.S. workers filing new applications for unemployment assistance rose slightly less than expected last week, underscoring an improving labor market tone.
Initial Investors were also eyeing reports on December sales from U.S. retailers. Early reports from retailers on ...
CBJ Jan 7 - Despite slumping sales in many apparel chains and department stores, U.S. retailers, for the most part, saw a strong finish to the 2009 holiday season, according to the Mastercard Advisors’ survey.
Online retailers did particularly well, especially jewelers and consumers electronics. According ...
CBJ Jan 4 - U.S. trucking giant YRC Worldwide has avoided bankruptcy by successfully negotiating a critical debt-for-equity exchange. This deal wipes out US$470 million in debt and gives the struggling company access to needed credit as it restructures.
Holders of 88 per cent of the ...
CBJ Jan 4 - A U.S. trade panel gave final approval to duties ranging from 10 to 16 per cent on Chinese-made steel pipe in the biggest U.S. trade case to date against China. The U.S. International Trade Commission unanimously agreed to allow the U.S. ...
CBJ Dec 30 - GMAC Financial Services is expected to get about $3.5 billion in additional U.S. government aid to help the troubled lender absorb mortgage losses, according to a news report and financial industry source familiar with the matter said on Wednesday. ...
CBJ Dec 30 - Wall Street stocks dipped at the open on Wednesday, taking a cue from a decline in global markets, as investors found little reason to propel stocks higher as the market's solid year draws to a close.
The Dow Jones industrial average was ...
CBJ Dec 30 - Google is not to blame for the news industry’s problems but is committed to playing a role in helping the struggling publishers survive, CEO Eric Schmidt said.
“With dwindling revenue and diminished resources, frustrated newspaper executives are looking for someone to blame,” ...
Downloads grew 1000% on Christmas Day, surpassing the iPhone's for the first time
CBJ Dec 28 - By the looks of data released Monday morning by Flurry Analytics, Apple's iPod touch was one of the hot gifts this holiday season.
"It appears that an influx of new ...
