Hyundai to build 3rd China plant in early 2010-exec
Hyundai Motor Co (005380.KS), South Korea's top automaker, and its China partner will start building their third plant in China early next year as its sales in the fastest growing major auto market may soon outpace existing capacity, an company executive said on Wednesday.
Oil price rises above $72 on weak dollar
Oil prices rose above $72 a barrel on Wednesday for the first time this month as a falling dollar spurred investors to hedge against inflation by buying commodities.
Hurricane Fred Update: it grows to a Category 3 storm
Hurricane Fred strengthened into a Category 3 storm on Wednesday over the eastern Atlantic, the U.S. National Hurricane Center said.
Jobs takes centerstage at Apple media event
Apple Inc Chief Executive Steve Jobs returned to the public spotlight for the first time in half a year on Wednesday, helping the company's shares gain nearly 1 percent.
Stocks rise on strength in industrials, energy
Stocks extended three straight days of gains on Wednesday as favorable comments from Goldman Sachs lifted the industrial sector while rising crude prices boosted energy stocks.
Market rises on strength in industrials, energy
U.S. stocks extended three straight days of gains on Wednesday as favorable comments from Goldman Sachs lifted the industrial sector while rising crude prices boosted energy stocks.
Apple's Jobs takes centerstage at media event
Apple Inc Chief Executive Steve Jobs returned to the public spotlight for the first time in half a year on Wednesday, helping the company's shares gain nearly 1 percent.
Ungaro hires Lindsay Lohan as fashion adviser
Hollywood actress and wild child Lindsay Lohan is working with fashion house Emanuel Ungaro on a spring-summer collection, to be unveiled at the ready-to-wear shows in Paris in October.
Clooney, Fantastic Mr. Fox to open London festival
George Clooney will be on the red carpet for the opening night of this year's London Film Festival at the world premiere of Wes Anderson's animated Fantastic Mr. Fox.
Watch Apple's 09/09/09 event live now!
Apple will host an iPod and iTunes event in San Francisco on Wednesday which is slated to begin at 1 p.m. ET, or 10 a.m. PT, and there are some ways you may tune in though the company will not provide an official video stream during the event.
Madoff's penthouse could be yours for $10 million
The New York City penthouse where imprisoned fraudster Bernard Madoff spent his last few days of freedom with his wife Ruth is set to go on sale later this week, according to the U.S. Marshals Service
Bobby and Jackie; a modern American Greek tragedy
The Kennedy family saga was already the Greek tragedy of modern American history, but a book alleging a love affair between Robert F. Kennedy and his brother's wife adds new pathos to the tale.
NY Fashion Week to push stylish consumers to spend
ew York's Fashion Week kicks off on Thursday with a very simple message for style-conscious consumers -- spend, spend, spend.
De Niro, Springsteen among 2009 Kennedy honorees
Actor Robert De Niro, musician Bruce Springsteen and funnyman Mel Brooks are among the entertainers whose careers will be celebrated at this year's Kennedy Center Honors Gala in December.
Apple quietly drops iPod prices ahead of 09/09/09 annoucement
Just ahead of Apple's much anticipated 09/09/09 event later today, the company quietly dropped prices for its line of iPods.
China's Geely eyes bid for Ford's Volvo car
China's Geely Automotive (0175.HK) said its parent company plans to bid for all of Ford Motor Co's (F.N) Volvo Car Corp, becoming the latest Chinese automaker to chase a foreign marque in a global industry shakeup.
Whitney Houston's comeback tops pop chart
Whitney Houston returned to the U.S. pop album chart in grand style on Wednesday as her first album in seven years debuted at No. 1.
U.S. and U.K. Aaa ratings safe for now: Moody's
The United States' and Britain's triple-A sovereign debt ratings are safe for now but both countries will need to severely adjust fiscal policies in the wake of the global financial crisis, Moody's Investors Service said in a statement released late on Tuesday.
Blackstone hires JPMorgan media banker
Private equity firm Blackstone Group has hired JPMorgan media banker Peter Cohen as head of its global media advisory practice, it said on Wednesday.
Mid-Day Minute - Sept 9
Despite Aid, Home Pain Continues; Obama's Stake Tonight; Inside Madoff's Home
Ice Edge pulls Coyotes bid, leaving Balsillie and NHL
Ice Edge Holdings, a group of U.S. and Canadian businessmen, has dropped out of the auction set to start later this week for the National Hockey League's Phoenix Coyotes, leaving Canadian billionaire James Balsillie and the NHL as the only bidders for the bankrupt team.
MSC Software gets offer from private equity firm
MSC Software Corp, a simulation and software services company, said it received an offerfrom a private equity firm that topped an earlier offer from Symphony Technology Group, sending its shares up as much as 7 percent.
Talbots quarterly loss narrower than expected
Talbots Inc posted a narrower-than-expected quarterly loss on Wednesday, signaling that the retailer's push to turn around its business through cost-cutting and better merchandising is paying off.
Barclays Capital sees further U.S. growth
British bank Barclays, which snapped up Lehman Brothers' U.S. business a year ago, aims to be a consistent top-five player in U.S. equities and says it is not done with expanding there.
Treasury says millions more foreclosures coming
Only 12 percent of U.S. homeowners eligible for loan modifications under the Obama administration's housing rescue plan have had their mortgages reworked, and millions more foreclosures are coming, the Treasury Department said on Wednesday.
Wall Street lifted as industrial, energy shares gain
Stocks rose on Wednesday after positive broker comments buoyed the industrial sector, while the falling dollar pushed up oil prices and shares of energy producers.
Oil price rises over $72 on weak dollar
Oil prices rose above $72 a barrel on Wednesday for the first time this month as a falling dollar spurred investors to buy commodities as a hedge against inflation.
Heaviest Istanbul rains in 80 years kill at least 23
At least 23 people were killed when floods swept the Turkish city of Istanbul, swamping houses, turning highways into fast-flowing rivers and drowning seven women in a minibus that was taking them to work.
McDonald's same-store sales rise 2.2 percent
McDonald's Corp's August sales at existing restaurants rose 2.2 percent globally, missing analysts' target, as strength in Europe partly offset weakness in the United States and other parts of the world.
What Labor Day means to Americans?
In recent years, most Americans have regarded Labor Day as a vacation day at the end of summer. However the history of Labor Day and what the day represents should not be forgotten.
