Well, the increased demand for ethanol is pushing up the price of corn, the key ingredient in the alternative fuel. And the Agriculture Department says that as corn prices rise, so too would food prices. It says consumers can expect to pay more for...
Henry Hank Paulson has visited China more than 70 times, but it's his first trip to a Shanghai financial market as US Treasury Secretary. Paulson toured the Shanghai Future Exchange Thursday, the final stop of his three-nation swing through Asia. Th...
The closing bell rang moments ago and it couldn't have come too soon for many investors after this crazy week on Wall Street. It was another roller-coaster session for the market. Stocks actually edged into the plus column briefly, but by the end it...
Airbus will cut 10,000 jobs, half from its own 56,000-member workforce and half from subcontractors. 1,600 of the jobs will go here in the UK, but the bulk of the cuts happen in Germany and France. Couldn't believe the news, I couldn't believe the ne...
It's the worst one-day sell-off on Wall Street since after the 9/11 attacks. Stock prices plunged today across the board and around the world. The Dow Jones Industrial Average was down about 416 points at the closing bell and at one point it fell un...
Never in the brief history of China's stock market has there been a boom like this, and small-time investors are grabbing the bull run by the horns. Among them, Zhu Shuliang, he's been following his small portfolio everyday for the past 12 years at t...
Starbucks founder and Chairman Howard Schultz with a warning and a challenge for his ever-expanding coffee empire, Schultz sees a threat to his brand, a problem that could impact everything that's made Starbucks the great American success and growth...
There were plenty of fancy new music playing phones on view at the big mobile phone trade fair in Barcelona. But not the one everyone is talking about. Apple didn't bother to show up to show off its iPhone. But London-based Omniphone did come and lau...
In the race for the title of world's largest automaker, Toyota of Japan proved Tuesday it's on track to unseat US car giant General Motors. We've posted record highs from sales to net profit in our third quarter. In its latest quarterly earnings repo...
Intel says it's developed a programmable processor that can perform about a trillion calculations per second. That's trillion with the T, a one followed by 12 zeros. Just to give you some perspective here. The company says it can put on a chip the si...
