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Business 13 Jan 2006 | 12:00 AM

US stocks close down on downgrades, profit taking

NEW YORK: Stocks posted their first noteworthy losses of 2006 Thursday as analyst downgrades of two Dow Jones industrials and rising oil prices prompted investors to take profits one session after the major indexes reached new multiyear highs.

Business 13 Jan 2006 | 12:00 AM

US trade deficit narrows slightly in November

WASHINGTON: The U.S. trade deficit narrowed slightly in November as the price of foreign oil fell and U.S. exports hit an all-time high. Some economists predicted the country may soon start to see sustained improvements in its trade performance.

Business 13 Jan 2006 | 12:00 AM

Samsung says quarterly profit surged 40%

SEOUL: Samsung Electronics Co. said Friday its fourth-quarter net profit surged a stunning 40 percent, thanks to strong demand for flat panel TVs and semiconductors.

Business 12 Jan 2006 | 12:00 AM

US stocks end higher

NEW YORK: Stocks resumed their advance Wednesday after New York's Federal Reserve president said in a speech that core inflation is quite moderate.'' All three major indexes reached multiyear highs for the second time this week.

Business 11 Jan 2006 | 12:00 AM

Japanese stocks drop for second day, with real estate and brokerages falling

Japanese stocks dropped for a second day Wednesday as traders sold shares of companies tied closely to domestic economy like real estate and brokerages. The dollar edged higher against the yen.

Business 10 Jan 2006 | 12:00 AM

Dow Jones industrials close above 11,000 for first time since before 9/11 attacks

The Dow Jones industrial average closed above 11,000 Monday for the first time since before the Sept. 11, 2001, terrorist attacks, boosted by a five-day rally that has sent stocks soaring so far in 2006.

Business 09 Jan 2006 | 12:00 AM

Bank of China gets approval for Hong Kong listing

HONG KONG: Bank of China, the country's second-largest lender by assets, has received approval from the China Securities Regulatory Commission for its upcoming initial public offering in Hong Kong, according to a person familiar with the deal.

Business 08 Jan 2006 | 12:00 AM

Wall Street opens with a bang

Wall Street got off to a strong start in the first week of 2006 as investors set their sights on a shift by the Federal Reserve away from its policy of steady interest rate hikes.

Business 06 Jan 2006 | 12:00 AM

US stocks inch higher in erratic trading

NEW YORK: Stocks managed to extend their New Year's rally to a third session Thursday, edging higher in erratic trading as the tech sector rebounded on bullish news from chip maker Xilinx Inc.

Business 05 Jan 2006 | 12:00 AM

US stocks rise slightly; Dow ends up 32.74

NEW YORK: Stocks rose moderately Wednesday as investors digested Tuesday's gains, which followed the Federal Reserve's signal that it may be nearing the end of its streak of short-term interest rate hikes.