Thirteen years after Russia began trying to join the World Trade Organization, the United States has ended their attempts to block Russia's membership. According to US trade representative Susan Schwab, We have an agreement in principle and are fina...
China has agreed to buy $25 billion worth of liquefied natural gas over the next 25 years from the Malaysian national oil and gas company known as Petronas (short for Petroliam Nasional Berhad). The Chinese want to increase their use of natural gas...
British Petroleum has put someone new in charge of their operations in Alaska, where they spilled 800,000 gallons of oil in March and where they shut down the biggest oil field in the United States in August because of pipeline corrosion. BP is the...
The problems that Dell, Apple, Toshiba, Lenovo, and other laptop makers have had with Sony battery recalls have finally caught up with Sony. That plus development costs for their upcoming PS3 video game machine gave Sony a 94% drop in profits for th...
Things look bad for two of America's big three automakers, and only a little better for the third. Ford Motor Company reported a $5.8 billion loss for the third quarter of this year, their worst quarterly loss in fourteen years. Analysts expect thei...
Viacom, the parent company of MTV and many other American cable television channels, has struck a deal with China's biggest search engine to provide television and music content to Baidu's customers. The Baidu search engine has been called the Googl...
Another American company moving into China is Wal-Mart. The American store chain is bidding one billion dollars to buy one hundred hypermarkets (a combination of supermarket and department store) in China from Trust-Mart, a Taiwanese company. Althou...
Several days after Columbia University's Edmund Phelps won the Nobel Prize in Economics for his theories about the relationship between inflation and unemployment, the Noble Peace Prize was awarded to a man with some useful ideas about economics. Mu...
Twenty months after founding the video website YouTube, founders Chad Hurley and Steve Chen have accepted a $1.65 billion offer for the company from search engine Google. YouTube has become famous for providing videos of everything from last night's...
The growing international business of online betting is looking for customers outside of the United States. Although the US has been the largest market for Internet gambling companies, a new bill just passed by Congress in that country has made it i...