Hyundai unveils healthy results

Hyundai Motor Co, South Korea's top auto maker, yesterday reported quarterly operating profit more than doubled, beating expectations, helped by higher sales, aggressive cost reductions and a weaker won.

Is cheaper coffee the answer for Starbucks?

Faced with growing competition from cheaper rivals, Starbucks Corp is selling small cups of drip coffee for $1 with free refills as part of a test in its hometown.

Apple chief Jobs' salary totaled mere $1 in 2007

Apple Inc Chief Executive Steve Jobs continued his tradition of taking home only $1 in salary in 2007, when he also gained $14.6 million on paper by exercising stock options that were about to expire, according to a filing with the Securities and Exchange Commission.

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Business International

Two US banks suffer profits wipeout

Bank of America Corp and Wachovia Corp, the second- and fourth-largest US banks, said on Tuesday quarterly profits were nearly wiped out by more than $10 billion of credit losses and writedowns.

TI stock rises on good results

Cell phone chipmaker Texas Instruments Inc posted a quarterly profit and outlook that signaled solid demand for its chips despite a weak US economy, sending its shares up 3.5 percent.

Siemens braced for stormy meeting

A shareholder general assembly at German conglomerate Siemens today could end up resembling a trial owing to a dogged scandal that is starting to look like a bottomless pit.

Yahoo cuts could give Yang breathing space

Yahoo could save about $100 million if its cut its workforce by an expected 700 posts next week, JPMorgan analyst Imran Khan estimated.

Hands can save EMI by making music free on Web

No one can deny that UK businessman Guy Hands has guts. At a time when most of the private-equity industry is battening down the hatches, and trying to survive the storm in credit markets, Hands has just embarked on his most ambitious venture yet.

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