Most OPEC oil ministers hold line, Saudi silent
Most OPEC oil ministers held the line on Sunday that current output is sufficient to meet demand, but the world's biggest exporter Saudi Arabia was silent ahead of a September 11 meeting to chart production policy. The group that supplies more than a third of the world's oil will consider conflicting economic signals at Tuesday's talks when it sets production levels for peak winter demand.
APEC leaders urge speedy Doha trade deal
Asia-Pacific leaders said on Sunday they saw real progress in world trade talks now underway in Geneva and pledged flexibility and the political will to forge a deal by the end of 2007.
Will stocks sink or swim after jobs data?
Friday's news of a buckling U.S. job market sent stock investors running for the exits, and this week promises to be no less stressful as investors grapple with the increasing possibility of an economic recession.
Weak jobs puts Fed's feet to fire
A drop in July payrolls may lead to aggressive interest-rate cutting.
Tech emerges as safe haven
Technology stocks have emerged as a safe haven for investors amid turmoil.
Do low hemlines spell bad news for the market?
Lower hemlines could spell bad news for the U.S. stock market.
Starbucks chairman sees gourmet coffee shortages
Starbucks Corp. Chairman Howard Schultz on Friday predicted a shortage of gourmet coffee beans as coffee drinkers across the globe develop more sophisticated tastes.
Gold hits 16-month high above $700
Gold hit a 16-month high above $700 per ounce on Friday, boosted by a falling dollar after U.S. data showing a surprise contraction in U.S. non-farm payrolls for the first time in four years.
Oil up as tight U.S. supply counters economic woes
Oil prices rose on Friday as tight supplies in the United States countered worries about a possible economic recession in the world's top energy consumer.
Dollar hits 15-year low after sharp drop in payrolls
The dollar slid to a 15-year low against major currencies on Friday as data showed U.S. payrolls fell last month for the first time in four years, raising recession fears and pressure for the Federal Reserve to cut interest rates.
Payrolls post first decline in 4 years
Payrolls shrank in August for the first time in four years, the government reported on Friday, prompting calls for the Federal Reserve to lower interest rates before credit market turmoil drags the economy into recession.
Sony seen needing consistent PS3 strategy
Sony Corp needs to establish an unwavering marketing strategy for its PlayStation 3 game machine to drive growth of its console business, the head of Japanese videogame publisher Square Enix Co Ltd said.
Palm, Motorola seen most hurt by iPhone price cut
Apple Inc's hefty iPhone price cut pits it in direct competition with handsets from Motorola Inc and Palm Inc, which are struggling to convince Wall Street they can turn around their aging brands.
Nippon Steel, Toyota Agree to Steel Hike-Media
Nippon Steel Corp. and Toyota Motor Corp. have agreed to price rises of more than 10 percent for car-use steel, media said, raising the prospect of steelmakers' earnings upgrades later this year.
Private banks face China challenges
China's booming economy is creating more than 70 millionaires a day, but foreign banks don't have enough products, client managers or offices to tap into the market for top-end private wealth services.
Lenovo says overseas consumer set to drive growth
Lenovo Group Ltd., the world's third-largest PC maker, said on Thursday its nascent overseas consumer market will grow eventually to match the dominate position it enjoys in its home market.
US Senate Votes to Cut Student Lender Subsidies
The U.S. Senate voted 79-12 on Friday to slash government subsidies to student loan firms and use the money saved to boost student aid by $20 billion and reduce the federal deficit.
OMX Tells Regulator it Did Not Interfere with Bid
Exchange owner OMX wrote to a Swedish regulator saying it had not tried to interfere with Borse Dubai's takeover bid, according to a copy of the letter.
JPMorgan Chase to hire 150 Nelnet loan workers
JPMorgan Chase & Co, which has one of the largest U.S. student lending operations, said on Friday it will hire up to 150 Indianapolis-based workers from Nelnet Inc to expand its loan-origination operations.
IndyMac Bancorp to cut 1,000 jobs
IndyMac Bancorp Inc, one of the largest independent U.S. mortgage lenders, plans to cut 1,000 jobs and halve its dividend, and may report a third-quarter loss, as loan volumes decline and credit markets remain tight.
APEC draft climate statement seen a compromise
Asia-Pacific officials agreed on Friday to a draft climate statement which reaffirms a U.N. treaty on fighting global warming, while urging non-binding aspirational targets for greenhouse gas reductions, a delegate said.
Chysler Hires Away Another Top Exec
Chrysler has lured another high-profile executive, this time from Asia, into its ranks on Friday, following a similar move a day earlier as the company seeks to revive its struggling operations.
U.S. Officials say job fall won't stall economy
Bush administration officials on Friday sought to ease fears the U.S. was tipping into recession after a government report showed the economy shed jobs for the first time in four years last month.
Paulson: job fall not a shock, economy healthy
Treasury Secretary Henry Paulson on Friday said he was not totally surprised about the decline in jobs in August given housing troubles and less government hiring, but he still sees the U.S. economy as healthy.
Wall Street tumbles after jobs data
Stocks tumbled on Friday, driving major indexes down nearly 2 percent, as data showing the first monthly drop in payrolls in four years stoked fears on Wall Street that the economy was headed into recession.
Leap Wireless to review MetroPCS buyout offer
Leap Wireless International Inc said on Friday it will review MetroPCS Communications Inc's unsolicited offer to buy Leap for about $5.4 billion in stock.
Motorola sees R&D expense cut for mobile
Motorola Inc. is aiming to cut its quarterly research and development expenses for mobile devices 15 percent to help it return to profitability, the head of the company's handset business said on Friday.
Refinery work could stoke heating oil bills
Consumers may face high heating bills this winter if refinery outages prevent companies from rebuilding inventories before the cold sets in.
Jobs fall latest signal for weak retail holiday
A surprise decline in payrolls in August could frighten already jittery consumers into shutting their wallets tight, a move that could push sales down to recession levels during the key holiday shopping season.
Two quakes rattle Taiwan
Two strong earthquakes rattled Taiwan's capital and the north of the island on Friday, disrupting communications though no casualties or serious damage were reported.
